TNA vs. AVGO

Last updated Jun 14, 2026

TNA (Direxion Daily Small Cap Bull 3X Shares) is Leveraged Equities fund tracking the Russell 2000 Index (300%), while AVGO (Broadcom Inc.) is a stock. Over the past 10 years, TNA returned 8.78%/yr vs 40.96%/yr for AVGO. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

TNA vs. AVGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Small Cap Bull 3X Shares (TNA) and Broadcom Inc. (AVGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNA achieves a 53.14% return, which is significantly higher than AVGO's 10.62% return. Over the past 10 years, TNA has underperformed AVGO with an annualized return of 8.78%, while AVGO has yielded a comparatively higher 40.96% annualized return.

TNA

• 1D: 2.53%
• 1M: 6.93%
• YTD: 53.14%
• 6M: 40.13%
• 1Y: 130.01%
• 3Y*: 25.74%
• 5Y*: -6.50%
• 10Y*: 8.78%

AVGO

• 1D: -0.91%
• 1M: -10.14%
• YTD: 10.62%
• 6M: 6.58%
• 1Y: 54.87%
• 3Y*: 67.17%
• 5Y*: 55.09%
• 10Y*: 40.96%

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

TNA vs. AVGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNA Direxion Daily Small Cap Bull 3X Shares	53.14%	9.82%	7.21%	26.24%	-62.48%	27.88%	-7.82%	71.88%	-39.89%	39.15%
AVGO Broadcom Inc.	10.62%	50.63%	110.49%	104.18%	-13.27%	56.48%	44.88%	29.05%	2.18%	48.19%

Correlation

The correlation between TNA and AVGO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009	0.53

The correlation between TNA and AVGO shifts across timeframes, from 0.40 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TNA vs. AVGO — Risk / Return Rank

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

TNA

TNA Risk / Return Rank: 68
TNA Sharpe Ratio Rank: 72
TNA Sortino Ratio Rank: 61
TNA Omega Ratio Rank: 54
TNA Calmar Ratio Rank: 80
TNA Martin Ratio Rank: 73

AVGO

AVGO Risk / Return Rank: 74
AVGO Sharpe Ratio Rank: 76
AVGO Sortino Ratio Rank: 71
AVGO Omega Ratio Rank: 72
AVGO Calmar Ratio Rank: 74
AVGO Martin Ratio Rank: 74

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.

TNA vs. AVGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Small Cap Bull 3X Shares (TNA) and Broadcom Inc. (AVGO). 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.

	TNA	AVGO	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.11	+0.90
Sortino ratio: Return per unit of downside risk	2.48	1.69	+0.79
Omega ratio: Gain probability vs. loss probability	1.29	1.22	+0.07
Calmar ratio: Return relative to maximum drawdown	3.63	1.77	+1.86
Martin ratio: Return relative to average drawdown	11.92	4.11	+7.80

TNA vs. AVGO - Sharpe Ratio Comparison

The current TNA Sharpe Ratio is 2.01, which is higher than the AVGO Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of TNA and AVGO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TNA vs. AVGO - Drawdown Comparison

The maximum TNA drawdown since its inception was -88.09%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for TNA and AVGO.

Drawdown Indicators

	TNA	AVGO	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-48.30%	-39.79%
Max Drawdown (1Y) Largest decline over 1 year	-32.53%	-28.67%	-3.86%
Max Drawdown (3Y) Largest decline over 3 years	-65.78%	-41.15%	-24.63%
Max Drawdown (5Y) Largest decline over 5 years	-82.36%	-41.15%	-41.21%
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	-48.30%	-39.79%
Current Drawdown Current decline from peak	-35.23%	-20.66%	-14.57%
Average Drawdown Average peak-to-trough decline	-33.92%	-7.98%	-25.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.91%	12.30%	-2.39%

Volatility

TNA vs. AVGO - Volatility Comparison

Direxion Daily Small Cap Bull 3X Shares (TNA) and Broadcom Inc. (AVGO) have volatilities of 21.54% and 20.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNA	AVGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.54%	20.53%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	42.61%	35.04%	+7.57%
Volatility (1Y) Calculated over the trailing 1-year period	58.70%	45.57%	+13.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.57%	43.39%	+24.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.54%	39.52%	+29.02%

Dividends

TNA vs. AVGO - Dividend Comparison

TNA's dividend yield for the trailing twelve months is around 0.39%, less than AVGO's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGO Broadcom Inc.	0.65%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
TNA Direxion Daily Small Cap Bull 3X Shares	0.39%	0.78%	0.93%	1.27%	0.31%	0.06%	0.03%	0.44%	0.36%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TNA and AVGO in my portfolio?

TNA and AVGO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TNA or AVGO?

TNA has higher volatility (21.54%) compared to AVGO (20.53%). In terms of maximum drawdown, TNA dropped -88.09% vs AVGO's -48.30%.

Which has better risk-adjusted returns?

TNA currently has the higher Sharpe Ratio (2.01 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.