TBXU vs. NVTX

Last updated Jul 12, 2026

TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and NVTX (Tradr 2X Long NVTS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 1.30%/yr for NVTX.

Performance

TBXU vs. NVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) and Tradr 2X Long NVTS Daily ETF (NVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBXU achieves a 4.27% return, which is significantly lower than NVTX's 26.38% return.

TBXU

• 1D: -4.09%
• 1M: 7.73%
• 6M: 5.69%
• YTD: 4.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVTX

• 1D: -9.83%
• 1M: -70.64%
• 6M: -34.21%
• YTD: 26.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TBXU vs. NVTX - Yearly Performance Comparison

	2026 (YTD)	2025
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF	4.27%	17.10%
NVTX Tradr 2X Long NVTS Daily ETF	26.38%	-38.48%

Correlation

The correlation between TBXU and NVTX is 0.09, 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 1, 2025	0.09

Return for Risk

TBXU vs. NVTX - 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 Tradr 2X Long NVTS Daily ETF (NVTX). 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.

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

Drawdowns

TBXU vs. NVTX - Drawdown Comparison

The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum NVTX drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for TBXU and NVTX.

Drawdown Indicators

	TBXU	NVTX	Difference
Max Drawdown Largest peak-to-trough decline	-26.53%	-89.20%	+62.67%
Current Drawdown Current decline from peak	-12.54%	-86.07%	+73.53%
Average Drawdown Average peak-to-trough decline	-9.53%	-61.02%	+51.49%

Volatility

Volatility by Period

	TBXU	NVTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	42.42%	264.48%	-222.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.42%	264.48%	-222.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.42%	264.48%	-222.06%

TBXU vs. NVTX - Expense Ratio Comparison

TBXU has a 0.98% expense ratio, which is lower than NVTX's 1.30% expense ratio.

Dividends

TBXU vs. NVTX - Dividend Comparison

TBXU's dividend yield for the trailing twelve months is around 1.94%, less than NVTX's 13.49% yield.

Position	TTM	2025
NVTX Tradr 2X Long NVTS Daily ETF	13.49%	17.05%
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF	1.94%	1.33%

Frequently Asked Questions

Can I hold both TBXU and NVTX in my portfolio?

TBXU and NVTX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TBXU or NVTX?

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.

Which ETF is cheaper, TBXU or NVTX?

TBXU is cheaper with a 0.98% expense ratio, compared with 1.30% for NVTX.

Which ETF pays a higher dividend yield, TBXU or NVTX?

NVTX has the higher dividend yield at 13.49%, compared with 1.94% for TBXU.

What is the main difference between TBXU and NVTX?

They also come from different issuers: Direxion and Tradr. Their fees differ too: 0.98% for TBXU and 1.30% for NVTX.