TBXU vs. NVTX
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 0.11 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 1.30%/yr for NVTX.
Performance
TBXU vs. NVTX - 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 NVTX's 407.23% return.
TBXU
- 1D
- 4.10%
- 1M
- 1.42%
- YTD
- -1.39%
- 6M
- -3.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVTX
- 1D
- -36.75%
- 1M
- 69.29%
- YTD
- 407.23%
- 6M
- 174.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBXU vs. NVTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | -1.39% | 18.24% |
NVTX Tradr 2X Long NVTS Daily ETF | 407.23% | -39.74% |
Correlation
The correlation between TBXU and NVTX is 0.11, 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 | 0.11 |
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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.
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 | NVTX | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 2.50 | -1.88 |
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.
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Drawdown Indicators
| TBXU | NVTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -89.20% | +62.67% |
Current DrawdownCurrent decline from peak | -17.29% | -44.09% | +26.80% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -60.50% | +51.71% |
Volatility
TBXU vs. NVTX - Volatility Comparison
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Volatility by Period
| TBXU | NVTX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 269.33% | -227.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.38% | 269.33% | -227.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.38% | 269.33% | -227.95% |
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 1.68%, less than NVTX's 3.36% yield.
| Position | TTM | 2025 |
|---|---|---|
NVTX Tradr 2X Long NVTS Daily ETF | 3.36% | 17.05% |
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.68% | 1.33% |
Frequently Asked Questions
TBXU and NVTX have a correlation of 0.11, 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 1.30% for NVTX.
NVTX has the higher dividend yield at 3.36%, compared with 1.68% for TBXU.
They also come from different issuers: Direxion and Tradr. Their fees differ too: 0.98% for TBXU and 1.30% for NVTX.
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