TBXU vs. USGG
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds. TBXU is actively managed, while USGG is passively managed. At a 0.11 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 0.75%/yr for USGG.
Performance
TBXU vs. USGG - Performance Comparison
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Returns By Period
TBXU
- 1D
- -1.77%
- 1M
- 10.97%
- 6M
- 9.15%
- YTD
- 4.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
USGG
- 1D
- -6.01%
- 1M
- -64.22%
- 6M
- -62.07%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TBXU vs. USGG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 6.75% |
USGG Leverage Shares 2X Long USAR Daily ETF | -60.81% |
Correlation
The correlation between TBXU and USGG 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 Jan 13, 2026 | 0.11 |
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Return for Risk
TBXU vs. USGG - 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 USAR Daily ETF (USGG). 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.
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Drawdowns
TBXU vs. USGG - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum USGG drawdown of -82.76%. Use the drawdown chart below to compare losses from any high point for TBXU and USGG.
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Drawdown Indicators
| TBXU | USGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -82.76% | +56.23% |
Current DrawdownCurrent decline from peak | -12.64% | -82.76% | +70.12% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -50.58% | +40.96% |
Volatility
TBXU vs. USGG - Volatility Comparison
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Volatility by Period
| TBXU | USGG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 42.24% | 216.47% | -174.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.24% | 216.47% | -174.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.24% | 216.47% | -174.23% |
TBXU vs. USGG - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is higher than USGG's 0.75% expense ratio.
Dividends
TBXU vs. USGG - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.94%, while USGG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.94% | 1.33% |
USGG Leverage Shares 2X Long USAR Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
TBXU and USGG 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, USGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USGG is cheaper with a 0.75% expense ratio, compared with 0.98% for TBXU.
TBXU has the higher dividend yield at 1.94%, compared with 0.00% for USGG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for TBXU and 0.75% for USGG.
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