TBXU vs. ARMG
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 0.75%/yr for ARMG.
Performance
TBXU vs. ARMG - Performance Comparison
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Returns By Period
In the year-to-date period, TBXU achieves a -1.39% return, which is significantly lower than ARMG's 596.32% return.
TBXU
- 1D
- 4.10%
- 1M
- 1.42%
- YTD
- -1.39%
- 6M
- -3.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMG
- 1D
- -26.01%
- 1M
- 80.82%
- YTD
- 596.32%
- 6M
- 309.00%
- 1Y
- 306.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBXU vs. ARMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | -1.39% | 18.24% |
ARMG Leverage Shares 2X Long ARM Daily ETF | 596.32% | -51.69% |
Correlation
The correlation between TBXU and ARMG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.14 |
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Return for Risk
TBXU vs. ARMG — Risk / Return Rank
TBXU
ARMG
TBXU vs. ARMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TBXU | ARMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.73 | -0.12 |
Drawdowns
TBXU vs. ARMG - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for TBXU and ARMG.
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Drawdown Indicators
| TBXU | ARMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -80.28% | +53.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -68.13% | — |
Current DrawdownCurrent decline from peak | -17.29% | -32.81% | +15.52% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -52.86% | +44.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 38.61% | — |
Volatility
TBXU vs. ARMG - Volatility Comparison
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Volatility by Period
| TBXU | ARMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 72.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 109.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 133.42% | -92.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.38% | 140.02% | -98.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.38% | 140.02% | -98.64% |
TBXU vs. ARMG - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is higher than ARMG's 0.75% expense ratio.
Dividends
TBXU vs. ARMG - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.68%, more than ARMG's 0.70% yield.
| Position | TTM | 2025 |
|---|---|---|
ARMG Leverage Shares 2X Long ARM Daily ETF | 0.70% | 4.86% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.68% | 1.33% |
Frequently Asked Questions
TBXU and ARMG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ARMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ARMG is cheaper with a 0.75% expense ratio, compared with 0.98% for TBXU.
TBXU has the higher dividend yield at 1.68%, compared with 0.70% for ARMG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for TBXU and 0.75% for ARMG.
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