TEK vs. TSXU

Last updated Jul 14, 2026

TEK (iShares Technology Opportunities Active ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - TEK is a Technology Equities fund actively managed by iShares, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). TEK is actively managed, while TSXU is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. TEK charges 0.75%/yr vs 1.05%/yr for TSXU.

Performance

TEK vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Technology Opportunities Active ETF (TEK) 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, TEK achieves a 27.66% return, which is significantly lower than TSXU's 102.89% return.

TEK

• 1D: -4.31%
• 1M: -5.00%
• 6M: 23.88%
• YTD: 27.66%
• 1Y: 39.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSXU

• 1D: -7.43%
• 1M: -1.70%
• 6M: 83.88%
• YTD: 102.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEK vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
TEK iShares Technology Opportunities Active ETF	27.66%	-1.76%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	102.89%	37.96%

Correlation

The correlation between TEK and TSXU is 0.91, 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 1, 2025	0.91

Return for Risk

TEK vs. TSXU — Risk / Return Rank

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

TEK

TEK Risk / Return Rank: 45
TEK Sharpe Ratio Rank: 45
TEK Sortino Ratio Rank: 42
TEK Omega Ratio Rank: 44
TEK Calmar Ratio Rank: 51
TEK Martin Ratio Rank: 43

TSXU

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

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.

TEK vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Technology Opportunities Active ETF (TEK) 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.

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.

	TEK	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.27	—	—
Sortino ratio: Return per unit of downside risk	1.75	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.04	—	—
Martin ratio: Return relative to average drawdown	5.62	—	—

Drawdowns

TEK vs. TSXU - Drawdown Comparison

The maximum TEK drawdown since its inception was -28.24%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for TEK and TSXU.

Drawdown Indicators

	TEK	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-28.24%	-35.62%	+7.38%
Max Drawdown (1Y) Largest decline over 1 year	-19.29%	—	—
Current Drawdown Current decline from peak	-11.40%	-17.97%	+6.57%
Average Drawdown Average peak-to-trough decline	-5.90%	-10.87%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.99%	—	—

Volatility

Volatility by Period

	TEK	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.05%	90.45%	-59.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.44%	90.45%	-59.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.44%	90.45%	-59.01%

TEK vs. TSXU - Expense Ratio Comparison

TEK has a 0.75% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

TEK vs. TSXU - Dividend Comparison

TEK's dividend yield for the trailing twelve months is around 1.24%, less than TSXU's 1.73% yield.

Position	TTM	2025
TEK iShares Technology Opportunities Active ETF	1.24%	1.62%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.73%	2.54%

Frequently Asked Questions

Can I hold both TEK and TSXU in my portfolio?

With a correlation of 0.91, TEK and TSXU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TEK or TSXU?

On fees, TEK is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEK or TSXU?

TEK is cheaper with a 0.75% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.73%, compared with 1.24% for TEK.

What is the main difference between TEK and TSXU?

TEK is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.75% for TEK and 1.05% for TSXU.