TEC vs. TSXU

Last updated Jun 4, 2026

TEC (Harbor Transformative Technologies ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - TEC is a Technology Equities fund actively managed by Harbor, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). TEC is actively managed, while TSXU is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. TEC charges 0.69%/yr vs 1.05%/yr for TSXU.

Performance

TEC vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Transformative Technologies ETF (TEC) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEC achieves a 20.38% return, which is significantly lower than TSXU's 141.91% return.

TEC

• 1D: -1.25%
• 1M: 11.87%
• YTD: 20.38%
• 6M: 18.30%
• 1Y: 41.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEC vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
TEC Harbor Transformative Technologies ETF	20.38%	0.99%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between TEC and TSXU is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.81

Return for Risk

TEC vs. TSXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEC

TEC Risk / Return Rank: 55
TEC Sharpe Ratio Rank: 63
TEC Sortino Ratio Rank: 58
TEC Omega Ratio Rank: 58
TEC Calmar Ratio Rank: 49
TEC Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEC vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Transformative Technologies ETF (TEC) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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.

	TEC	TSXU	Difference
Sharpe ratio Return per unit of total volatility	2.08	—	—
Sortino ratio Return per unit of downside risk	2.71	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	2.38	—	—
Martin ratio Return relative to average drawdown	7.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TEC	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.08	4.53	-1.45

Drawdowns

TEC vs. TSXU - Drawdown Comparison

The maximum TEC drawdown since its inception was -17.50%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for TEC and TSXU.

Drawdown Indicators

	TEC	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-35.62%	+18.12%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	—	—
Current Drawdown Current decline from peak	-1.25%	-0.92%	-0.33%
Average Drawdown Average peak-to-trough decline	-3.46%	-10.56%	+7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	—	—

Volatility

Volatility by Period

	TEC	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	78.68%	-58.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.95%	78.68%	-57.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	78.68%	-57.73%

TEC vs. TSXU - Expense Ratio Comparison

TEC has a 0.69% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

TEC vs. TSXU - Dividend Comparison

TEC has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025
TEC Harbor Transformative Technologies ETF	0.00%	0.00%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%

Frequently Asked Questions

Can I hold both TEC and TSXU in my portfolio?

TEC and TSXU have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEC or TSXU?

On fees, TEC is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEC or TSXU?

TEC is cheaper with a 0.69% expense ratio, compared with 1.05% for TSXU.

Which ETF pays a higher dividend yield, TEC or TSXU?

TSXU has the higher dividend yield at 1.20%, compared with 0.00% for TEC.

What is the main difference between TEC and TSXU?

TEC is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Harbor and Direxion. Their fees differ too: 0.69% for TEC and 1.05% for TSXU.