TIME vs. TSXU

Last updated Aug 4, 2026

TIME (Clockwise U.S. Core Equity 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, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). TIME is actively managed, while TSXU is passively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. 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 U.S. Core Equity 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 7.94% return, which is significantly lower than TSXU's 81.53% return.

TIME

• 1D: 1.18%
• 1M: 1.28%
• 6M: 7.90%
• YTD: 7.94%
• 1Y: 17.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.58%

TSXU

• 1D: 1.53%
• 1M: -8.30%
• 6M: 48.90%
• YTD: 81.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TIME Clockwise U.S. Core Equity ETF	$51.24K	$43.99K	$100.40K
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	$8.58M	$5.40M	$2.96M

TIME vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
TIME Clockwise U.S. Core Equity ETF	7.94%	1.70%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	81.53%	37.96%

Correlation

The correlation between TIME and TSXU is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.76

Return for Risk

TIME vs. TSXU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TIME

TIME Risk / Return Rank: 44
TIME Sharpe Ratio Rank: 48
TIME Sortino Ratio Rank: 46
TIME Omega Ratio Rank: 45
TIME Calmar Ratio Rank: 37
TIME Martin Ratio Rank: 41

TSXU

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TIME vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise U.S. Core Equity 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.

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.

	TIME	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.23	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.34	—	—
Martin ratio: Return relative to average drawdown	4.58	—	—

Drawdowns

TIME vs. TSXU - Drawdown Comparison

The maximum TIME drawdown since its inception was -24.26%, smaller than the maximum TSXU drawdown of -38.13%. 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%	-38.13%	+13.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	—	—
Current Drawdown Current decline from peak	-2.43%	-26.61%	+24.18%
Average Drawdown Average peak-to-trough decline	-5.44%	-11.77%	+6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	—	—

Volatility

Volatility by Period

	TIME	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.25%	92.64%	-78.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.55%	92.64%	-75.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	92.64%	-75.09%

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 9.28%, more than TSXU's 1.93% yield.

Position	TTM	2025	2024
TIME Clockwise U.S. Core Equity ETF	9.28%	10.02%	15.84%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.93%	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 9.28%, compared with 1.93% 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 and Direxion. Their fees differ too: 1.00% for TIME and 1.05% for TSXU.