LITX vs. TSMX

Last updated Aug 2, 2026

LITX (Tradr 2X Long LITE Daily ETF) and TSMX (Direxion Daily TSM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. Their 0.46 correlation means their historical movements had little consistent relationship. LITX charges 1.49%/yr vs 1.05%/yr for TSMX.

Performance

LITX vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long LITE Daily ETF (LITX) and Direxion Daily TSM Bull 2X Shares (TSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LITX

• 1D: 5.60%
• 1M: -12.69%
• 6M: 78.91%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TSMX

• 1D: 0.30%
• 1M: -15.56%
• 6M: 28.30%
• YTD: 48.80%
• 1Y: 129.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 87.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LITX Tradr 2X Long LITE Daily ETF	$72.96M	$66.22M	$208.61M
TSMX Direxion Daily TSM Bull 2X Shares	$51.36M	$73.43M	$83.39M

LITX vs. TSMX - Yearly Performance Comparison

	2026 (YTD)
LITX Tradr 2X Long LITE Daily ETF	126.81%
TSMX Direxion Daily TSM Bull 2X Shares	26.12%

Correlation

The correlation between LITX and TSMX is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.46

Return for Risk

LITX vs. TSMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LITX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSMX

TSMX Risk / Return Rank: 67
TSMX Sharpe Ratio Rank: 62
TSMX Sortino Ratio Rank: 63
TSMX Omega Ratio Rank: 57
TSMX Calmar Ratio Rank: 81
TSMX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LITX vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long LITE Daily ETF (LITX) and Direxion Daily TSM Bull 2X Shares (TSMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LITX	TSMX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.43	—
Sortino ratio: Return per unit of downside risk	—	2.10	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.93	—
Martin ratio: Return relative to average drawdown	—	8.89	—

Drawdowns

LITX vs. TSMX - Drawdown Comparison

The maximum LITX drawdown since its inception was -73.97%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for LITX and TSMX.

Drawdown Indicators

	LITX	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-73.97%	-63.80%	-10.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.94%	—
Current Drawdown Current decline from peak	-63.99%	-30.40%	-33.59%
Average Drawdown Average peak-to-trough decline	-25.05%	-15.95%	-9.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.13%	—

Volatility

Volatility by Period

	LITX	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	66.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	198.72%	81.69%	+117.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	198.72%	84.12%	+114.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	198.72%	84.12%	+114.60%

LITX vs. TSMX - Expense Ratio Comparison

LITX has a 1.49% expense ratio, which is higher than TSMX's 1.05% expense ratio.

Dividends

LITX vs. TSMX - Dividend Comparison

LITX has not paid dividends to shareholders, while TSMX's dividend yield for the trailing twelve months is around 5.70%.

Position	TTM	2025	2024
LITX Tradr 2X Long LITE Daily ETF	0.00%	0.00%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	5.70%	8.01%	0.53%

Frequently Asked Questions

Can I hold both LITX and TSMX in my portfolio?

LITX and TSMX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LITX or TSMX?

On fees, TSMX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LITX or TSMX?

TSMX is cheaper with a 1.05% expense ratio, compared with 1.49% for LITX.

Which ETF pays a higher dividend yield, LITX or TSMX?

TSMX has the higher dividend yield at 5.70%, compared with 0.00% for LITX.

What is the main difference between LITX and TSMX?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for LITX and 1.05% for TSMX.