TIME vs. TSXU

Last updated Jun 4, 2026

TIME (Clockwise Core Equity & Innovation ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - TIME is a Technology Equities fund actively managed by Clockwise Capital, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). TIME is actively managed, while TSXU is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. TIME charges 1.00%/yr vs 1.05%/yr for TSXU.

Performance

TIME vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clockwise Core Equity & Innovation ETF (TIME) 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, TIME achieves a 9.82% return, which is significantly lower than TSXU's 141.91% return.

TIME

• 1D: -0.73%
• 1M: 5.38%
• YTD: 9.82%
• 6M: 10.85%
• 1Y: 23.44%
• 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)

TIME vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
TIME Clockwise Core Equity & Innovation ETF	9.82%	0.96%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between TIME and TSXU is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.76

Return for Risk

TIME vs. TSXU — Risk / Return Rank

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

TIME

TIME Risk / Return Rank: 45
TIME Sharpe Ratio Rank: 51
TIME Sortino Ratio Rank: 48
TIME Omega Ratio Rank: 49
TIME Calmar Ratio Rank: 36
TIME Martin Ratio Rank: 41

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.

TIME vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) 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.

	TIME	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.40	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	1.80	—	—
Martin ratio: Return relative to average drawdown	6.63	—	—
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

	TIME	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	4.53	-3.73

Drawdowns

TIME vs. TSXU - Drawdown Comparison

The maximum TIME drawdown since its inception was -24.26%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for TIME and TSXU.

Drawdown Indicators

	TIME	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-24.26%	-35.62%	+11.36%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	—	—
Current Drawdown Current decline from peak	-0.74%	-0.92%	+0.18%
Average Drawdown Average peak-to-trough decline	-5.60%	-10.56%	+4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	—	—

Volatility

Volatility by Period

	TIME	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	78.68%	-65.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	78.68%	-61.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	78.68%	-61.06%

TIME vs. TSXU - Expense Ratio Comparison

TIME has a 1.00% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

TIME vs. TSXU - Dividend Comparison

TIME's dividend yield for the trailing twelve months is around 9.12%, more than TSXU's 1.20% yield.

Position	TTM	2025	2024
TIME Clockwise Core Equity & Innovation ETF	9.12%	10.02%	15.84%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%	0.00%

Frequently Asked Questions

Can I hold both TIME and TSXU in my portfolio?

TIME and TSXU have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TIME or TSXU?

On fees, TIME is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIME or TSXU?

TIME is cheaper with a 1.00% expense ratio, compared with 1.05% for TSXU.

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

TIME has the higher dividend yield at 9.12%, compared with 1.20% for TSXU.

What is the main difference between TIME and TSXU?

TIME is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Clockwise Capital and Direxion. Their fees differ too: 1.00% for TIME and 1.05% for TSXU.