NBDS vs. TSXU

Last updated Jun 4, 2026

NBDS (Neuberger Berman Disrupters ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - NBDS is a Technology Equities fund actively managed by Neuberger Berman, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). NBDS is actively managed, while TSXU is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. NBDS charges 0.55%/yr vs 1.05%/yr for TSXU.

Performance

NBDS vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Disrupters ETF (NBDS) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBDS achieves a 17.73% return, which is significantly lower than TSXU's 141.91% return.

NBDS

• 1D: -0.69%
• 1M: 16.39%
• YTD: 17.73%
• 6M: 15.50%
• 1Y: 33.80%
• 3Y*: 23.07%
• 5Y*: —
• 10Y*: —

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBDS vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
NBDS Neuberger Berman Disrupters ETF	17.73%	-1.58%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between NBDS and TSXU is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.76

Return for Risk

NBDS vs. TSXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NBDS

NBDS Risk / Return Rank: 34
NBDS Sharpe Ratio Rank: 39
NBDS Sortino Ratio Rank: 36
NBDS Omega Ratio Rank: 38
NBDS Calmar Ratio Rank: 29
NBDS Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NBDS vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Disrupters ETF (NBDS) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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.

	NBDS	TSXU	Difference
Sharpe ratio Return per unit of total volatility	1.38	—	—
Sortino ratio Return per unit of downside risk	1.90	—	—
Omega ratio Gain probability vs. loss probability	1.24	—	—
Calmar ratio Return relative to maximum drawdown	1.42	—	—
Martin ratio Return relative to average drawdown	3.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NBDS	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	4.53	-4.02

Drawdowns

NBDS vs. TSXU - Drawdown Comparison

The maximum NBDS drawdown since its inception was -29.81%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for NBDS and TSXU.

Drawdown Indicators

	NBDS	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-29.81%	-35.62%	+5.81%
Max Drawdown (1Y) Largest decline over 1 year	-23.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.51%	—	—
Current Drawdown Current decline from peak	-0.69%	-0.92%	+0.23%
Average Drawdown Average peak-to-trough decline	-9.52%	-10.56%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	—	—

Volatility

Volatility by Period

	NBDS	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.54%	78.68%	-54.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.64%	78.68%	-51.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.64%	78.68%	-51.04%

NBDS vs. TSXU - Expense Ratio Comparison

NBDS has a 0.55% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

NBDS vs. TSXU - Dividend Comparison

NBDS's dividend yield for the trailing twelve months is around 0.32%, less than TSXU's 1.20% yield.

Position	TTM	2025
NBDS Neuberger Berman Disrupters ETF	0.32%	0.38%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%

Frequently Asked Questions

Can I hold both NBDS and TSXU in my portfolio?

NBDS and TSXU have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBDS or TSXU?

On fees, NBDS is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBDS or TSXU?

NBDS is cheaper with a 0.55% expense ratio, compared with 1.05% for TSXU.

Which ETF pays a higher dividend yield, NBDS or TSXU?

TSXU has the higher dividend yield at 1.20%, compared with 0.32% for NBDS.

What is the main difference between NBDS and TSXU?

NBDS is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Neuberger Berman and Direxion. Their fees differ too: 0.55% for NBDS and 1.05% for TSXU.