PXQ vs. TSXU
PXQ (Invesco Next Gen Connectivity ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. PXQ charges 0.40%/yr vs 1.05%/yr for TSXU.
Performance
PXQ vs. TSXU - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 46.33% return, which is significantly lower than TSXU's 102.89% return.
PXQ
- 1D
- -3.10%
- 1M
- -4.12%
- 6M
- 40.49%
- YTD
- 46.33%
- 1Y
- 69.84%
- 3Y*
- 36.29%
- 5Y*
- 17.96%
- 10Y*
- 19.89%
TSXU
- 1D
- -7.43%
- 1M
- -1.70%
- 6M
- 83.88%
- YTD
- 102.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXQ vs. TSXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 46.33% | 5.73% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 102.89% | 37.96% |
Correlation
The correlation between PXQ and TSXU is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.85 |
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Return for Risk
PXQ vs. TSXU — Risk / Return Rank
PXQ
TSXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PXQ vs. TSXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.
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.
| PXQ | TSXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.71 | — | — |
| Martin ratioReturn relative to average drawdown | 20.88 | — | — |
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Drawdowns
PXQ vs. TSXU - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for PXQ and TSXU.
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Drawdown Indicators
| PXQ | TSXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -35.62% | -21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | — | — |
Current DrawdownCurrent decline from peak | -11.02% | -17.97% | +6.95% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -10.87% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | — | — |
Volatility
PXQ vs. TSXU - Volatility Comparison
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Volatility by Period
| PXQ | TSXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.29% | 90.45% | -64.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.25% | 90.45% | -66.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.40% | 90.45% | -67.05% |
PXQ vs. TSXU - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is lower than TSXU's 1.05% expense ratio.
Dividends
PXQ vs. TSXU - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.65%, less than TSXU's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 0.65% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 1.73% | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PXQ and TSXU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PXQ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PXQ is cheaper with a 0.40% expense ratio, compared with 1.05% for TSXU.
TSXU has the higher dividend yield at 1.73%, compared with 0.65% for PXQ.
PXQ is categorized as Technology Equities, while TSXU is Leveraged Equities. PXQ tracks STOXX World AC NexGen Connectivity Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.40% for PXQ and 1.05% for TSXU.
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