TNA vs. URTY
Compare and contrast key facts about Direxion Daily Small Cap Bull 3X Shares (TNA) and ProShares UltraPro Russell2000 (URTY).
TNA and URTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TNA is a passively managed fund by Direxion that tracks the performance of the Russell 2000 Index (300%). It was launched on Nov 5, 2008. URTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (300%). It was launched on Feb 9, 2010. Both TNA and URTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNA or URTY.
Key characteristics
| TNA | URTY | |
|---|---|---|
| YTD Return | 35.98% | 36.24% |
| 1Y Return | 120.88% | 120.75% |
| 3Y Return (Ann) | -20.25% | -20.84% |
| 5Y Return (Ann) | -2.65% | -2.94% |
| 10Y Return (Ann) | 3.90% | 3.94% |
| Sharpe Ratio | 1.87 | 1.87 |
| Sortino Ratio | 2.46 | 2.46 |
| Omega Ratio | 1.30 | 1.30 |
| Calmar Ratio | 1.55 | 1.54 |
| Martin Ratio | 9.43 | 9.41 |
| Ulcer Index | 12.82% | 12.81% |
| Daily Std Dev | 64.60% | 64.55% |
| Max Drawdown | -88.09% | -88.09% |
| Current Drawdown | -51.15% | -52.19% |
Correlation
The correlation between TNA and URTY is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TNA vs. URTY - Performance Comparison
The year-to-date returns for both investments are quite close, with TNA having a 35.98% return and URTY slightly higher at 36.24%. Both investments have delivered pretty close results over the past 10 years, with TNA having a 3.90% annualized return and URTY not far ahead at 3.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TNA vs. URTY - Expense Ratio Comparison
TNA has a 1.14% expense ratio, which is higher than URTY's 0.95% expense ratio.
Risk-Adjusted Performance
TNA vs. URTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Small Cap Bull 3X Shares (TNA) and ProShares UltraPro Russell2000 (URTY). 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.
Dividends
TNA vs. URTY - Dividend Comparison
TNA's dividend yield for the trailing twelve months is around 0.81%, more than URTY's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNA Direxion Daily Small Cap Bull 3X Shares | 0.81% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% | 0.00% | 0.00% | 0.59% | 1.53% |
URTY ProShares UltraPro Russell2000 | 0.65% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.27% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNA vs. URTY - Drawdown Comparison
The maximum TNA drawdown since its inception was -88.09%, roughly equal to the maximum URTY drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for TNA and URTY. For additional features, visit the drawdowns tool.
Volatility
TNA vs. URTY - Volatility Comparison
Direxion Daily Small Cap Bull 3X Shares (TNA) and ProShares UltraPro Russell2000 (URTY) have volatilities of 21.49% and 21.55%, 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.