TBXU vs. NVDU
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 1.04%/yr for NVDU.
Performance
TBXU vs. NVDU - 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 NVDU's 9.80% return.
TBXU
- 1D
- 4.10%
- 1M
- 1.42%
- YTD
- -1.39%
- 6M
- -3.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDU
- 1D
- -11.94%
- 1M
- -4.03%
- YTD
- 9.80%
- 6M
- 13.04%
- 1Y
- 72.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBXU vs. NVDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | -1.39% | 18.24% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 9.80% | -6.79% |
Correlation
The correlation between TBXU and NVDU is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.08 |
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Return for Risk
TBXU vs. NVDU — Risk / Return Rank
TBXU
NVDU
TBXU vs. NVDU - 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 Direxion Daily NVDA Bull 2X Shares ETF (NVDU). 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 | NVDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.06 | -0.44 |
Drawdowns
TBXU vs. NVDU - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for TBXU and NVDU.
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Drawdown Indicators
| TBXU | NVDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -67.27% | +40.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.27% | — |
Current DrawdownCurrent decline from peak | -17.29% | -25.22% | +7.93% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -18.84% | +10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.56% | — |
Volatility
TBXU vs. NVDU - Volatility Comparison
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Volatility by Period
| TBXU | NVDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 52.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 69.02% | -27.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.38% | 91.26% | -49.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.38% | 91.26% | -49.88% |
TBXU vs. NVDU - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is lower than NVDU's 1.04% expense ratio.
Dividends
TBXU vs. NVDU - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.68%, less than NVDU's 5.28% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 5.28% | 5.68% | 16.85% | 0.63% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.68% | 1.33% | 0.00% | 0.00% |
Frequently Asked Questions
TBXU and NVDU have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TBXU is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TBXU is cheaper with a 0.98% expense ratio, compared with 1.04% for NVDU.
NVDU has the higher dividend yield at 5.28%, compared with 1.68% for TBXU.
Their fees differ too: 0.98% for TBXU and 1.04% for NVDU.
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