PSCE vs. TEXU

Last updated Aug 2, 2026

PSCE (Invesco S&P SmallCap Energy ETF) and TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) are both exchange-traded funds - PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index, while TEXU is a Leveraged Equities fund tracking the S&P 500 Energy (Sector) Top 5 Equal Capped Index. Both are passively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. PSCE charges 0.29%/yr vs 0.98%/yr for TEXU.

Performance

PSCE vs. TEXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Energy ETF (PSCE) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCE achieves a 35.93% return, which is significantly lower than TEXU's 61.53% return.

PSCE

• 1D: 1.76%
• 1M: 7.67%
• 6M: 15.91%
• YTD: 35.93%
• 1Y: 55.62%
• 3Y*: 3.86%
• 5Y*: 13.60%
• 10Y*: -1.41%
• ALL TIME*: -3.92%

TEXU

• 1D: 3.70%
• 1M: 20.93%
• 6M: 27.67%
• YTD: 61.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
PSCE Invesco S&P SmallCap Energy ETF	$1.43M	$1.38M	$1.78M
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	$74.49K	$95.78K	$95.00K

PSCE vs. TEXU - Yearly Performance Comparison

	2026 (YTD)	2025
PSCE Invesco S&P SmallCap Energy ETF	35.93%	1.53%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	61.53%	-1.42%

Correlation

The correlation between PSCE and TEXU is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.72

Return for Risk

PSCE vs. TEXU — Risk / Return Rank

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

PSCE

PSCE Risk / Return Rank: 76
PSCE Sharpe Ratio Rank: 79
PSCE Sortino Ratio Rank: 74
PSCE Omega Ratio Rank: 70
PSCE Calmar Ratio Rank: 82
PSCE Martin Ratio Rank: 73

TEXU

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

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.

PSCE vs. TEXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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.

	PSCE	TEXU	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	3.04	—	—
Martin ratio: Return relative to average drawdown	9.13	—	—

Drawdowns

PSCE vs. TEXU - Drawdown Comparison

The maximum PSCE drawdown since its inception was -96.21%, which is greater than TEXU's maximum drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for PSCE and TEXU.

Drawdown Indicators

	PSCE	TEXU	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	-31.71%	-64.50%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-44.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.70%	—	—
Current Drawdown Current decline from peak	-75.85%	-15.96%	-59.89%
Average Drawdown Average peak-to-trough decline	-58.99%	-8.67%	-50.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	—	—

Volatility

Volatility by Period

	PSCE	TEXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.41%	40.87%	-13.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.95%	40.87%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.02%	40.87%	+2.15%

PSCE vs. TEXU - Expense Ratio Comparison

PSCE has a 0.29% expense ratio, which is lower than TEXU's 0.98% expense ratio.

Dividends

PSCE vs. TEXU - Dividend Comparison

PSCE's dividend yield for the trailing twelve months is around 2.22%, more than TEXU's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCE Invesco S&P SmallCap Energy ETF	2.22%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.36%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSCE and TEXU in my portfolio?

PSCE and TEXU have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSCE or TEXU?

On fees, PSCE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSCE or TEXU?

PSCE is cheaper with a 0.29% expense ratio, compared with 0.98% for TEXU.

Which ETF pays a higher dividend yield, PSCE or TEXU?

PSCE has the higher dividend yield at 2.22%, compared with 1.36% for TEXU.

What is the main difference between PSCE and TEXU?

PSCE is categorized as Energy Equities, while TEXU is Leveraged Equities. PSCE tracks S&P SmallCap 600 Energy Index, while TEXU tracks S&P 500 Energy (Sector) Top 5 Equal Capped Index. They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.29% for PSCE and 0.98% for TEXU.