TNA vs. UWM
Compare and contrast key facts about Direxion Daily Small Cap Bull 3X Shares (TNA) and ProShares Ultra Russell2000 (UWM).
TNA and UWM 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. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007. Both TNA and UWM 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 UWM.
Correlation
The correlation between TNA and UWM is 0.85, 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. UWM - Performance Comparison
Key characteristics
TNA:
-0.34
UWM:
-0.22
TNA:
-0.04
UWM:
0.01
TNA:
0.99
UWM:
1.00
TNA:
-0.30
UWM:
-0.18
TNA:
-1.01
UWM:
-0.63
TNA:
24.36%
UWM:
16.99%
TNA:
72.11%
UWM:
48.17%
TNA:
-88.09%
UWM:
-88.21%
TNA:
-76.74%
UWM:
-52.47%
Returns By Period
In the year-to-date period, TNA achieves a -39.60% return, which is significantly lower than UWM's -26.19% return. Over the past 10 years, TNA has underperformed UWM with an annualized return of -5.20%, while UWM has yielded a comparatively higher 2.82% annualized return.
TNA
-39.60%
-23.88%
-41.04%
-27.21%
6.60%
-5.20%
UWM
-26.19%
-14.97%
-26.61%
-12.84%
11.49%
2.82%
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TNA vs. UWM - Expense Ratio Comparison
TNA has a 1.14% expense ratio, which is higher than UWM's 0.95% expense ratio.
Risk-Adjusted Performance
TNA vs. UWM — Risk-Adjusted Performance Rank
TNA
UWM
TNA vs. UWM - 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 Ultra Russell2000 (UWM). 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. UWM - Dividend Comparison
TNA's dividend yield for the trailing twelve months is around 1.84%, more than UWM's 1.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNA Direxion Daily Small Cap Bull 3X Shares | 1.84% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% | 0.00% | 0.00% | 0.59% |
UWM ProShares Ultra Russell2000 | 1.64% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.38% | 0.24% | 0.11% |
Drawdowns
TNA vs. UWM - Drawdown Comparison
The maximum TNA drawdown since its inception was -88.09%, roughly equal to the maximum UWM drawdown of -88.21%. Use the drawdown chart below to compare losses from any high point for TNA and UWM. For additional features, visit the drawdowns tool.
Volatility
TNA vs. UWM - Volatility Comparison
Direxion Daily Small Cap Bull 3X Shares (TNA) has a higher volatility of 42.13% compared to ProShares Ultra Russell2000 (UWM) at 28.03%. This indicates that TNA's price experiences larger fluctuations and is considered to be riskier than UWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.