RXL vs. TSMX
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and Direxion Daily TSM Bull 2X Shares (TSMX).
RXL and TSMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.
Performance
RXL vs. TSMX - Performance Comparison
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RXL vs. TSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RXL ProShares Ultra Health Care | -11.22% | 19.76% | -18.38% |
TSMX Direxion Daily TSM Bull 2X Shares | 16.15% | 81.48% | 14.76% |
Returns By Period
In the year-to-date period, RXL achieves a -11.22% return, which is significantly lower than TSMX's 16.15% return.
RXL
- 1D
- 3.92%
- 1M
- -16.20%
- YTD
- -11.22%
- 6M
- 8.56%
- 1Y
- -3.95%
- 3Y*
- 3.48%
- 5Y*
- 3.69%
- 10Y*
- 12.57%
TSMX
- 1D
- 13.81%
- 1M
- -20.58%
- YTD
- 16.15%
- 6M
- 30.27%
- 1Y
- 227.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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RXL vs. TSMX - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is lower than TSMX's 1.05% expense ratio.
Return for Risk
RXL vs. TSMX — Risk / Return Rank
RXL
TSMX
RXL vs. TSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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.
| RXL | TSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.11 | 2.95 | -3.07 |
Sortino ratioReturn per unit of downside risk | 0.09 | 3.08 | -2.99 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.39 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | -0.13 | 6.59 | -6.71 |
Martin ratioReturn relative to average drawdown | -0.24 | 20.50 | -20.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RXL | TSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 2.95 | -3.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.01 | -0.61 |
Correlation
The correlation between RXL and TSMX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RXL vs. TSMX - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.64%, less than TSMX's 7.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.64% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
TSMX Direxion Daily TSM Bull 2X Shares | 7.11% | 8.01% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RXL vs. TSMX - Drawdown Comparison
The maximum RXL drawdown since its inception was -67.70%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for RXL and TSMX.
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Drawdown Indicators
| RXL | TSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.70% | -63.80% | -3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -22.73% | -34.93% | +12.20% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | — | — |
Current DrawdownCurrent decline from peak | -19.31% | -25.94% | +6.63% |
Average DrawdownAverage peak-to-trough decline | -15.82% | -16.74% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.51% | 11.22% | +1.29% |
Volatility
RXL vs. TSMX - Volatility Comparison
The current volatility for ProShares Ultra Health Care (RXL) is 9.36%, while Direxion Daily TSM Bull 2X Shares (TSMX) has a volatility of 29.06%. This indicates that RXL experiences smaller price fluctuations and is considered to be less risky than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RXL | TSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 29.06% | -19.70% |
Volatility (6M)Calculated over the trailing 6-month period | 21.09% | 54.61% | -33.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.48% | 77.49% | -42.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.33% | 81.26% | -51.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.19% | 81.26% | -48.07% |