TNA vs. XDSQ
Compare and contrast key facts about Direxion Daily Small Cap Bull 3X Shares (TNA) and Innovator US Equity Accelerated ETF (XDSQ).
TNA and XDSQ 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. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
TNA vs. XDSQ - Performance Comparison
Loading graphics...
TNA vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TNA Direxion Daily Small Cap Bull 3X Shares | -1.19% | 9.82% | 7.21% | 26.24% | -62.48% | -8.88% |
XDSQ Innovator US Equity Accelerated ETF | -4.22% | 14.22% | 23.12% | 23.00% | -16.78% | 12.75% |
Returns By Period
In the year-to-date period, TNA achieves a -1.19% return, which is significantly higher than XDSQ's -4.22% return.
TNA
- 1D
- 1.93%
- 1M
- -17.02%
- YTD
- -1.19%
- 6M
- -1.17%
- 1Y
- 54.96%
- 3Y*
- 13.02%
- 5Y*
- -12.87%
- 10Y*
- 4.86%
XDSQ
- 1D
- 0.71%
- 1M
- -5.75%
- YTD
- -4.22%
- 6M
- -0.33%
- 1Y
- 14.44%
- 3Y*
- 14.44%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TNA vs. XDSQ - Expense Ratio Comparison
TNA has a 1.14% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Return for Risk
TNA vs. XDSQ — Risk / Return Rank
TNA
XDSQ
TNA vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Small Cap Bull 3X Shares (TNA) and Innovator US Equity Accelerated ETF (XDSQ). 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.
| TNA | XDSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.81 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.27 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.21 | +0.25 |
Martin ratioReturn relative to average drawdown | 4.61 | 5.87 | -1.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TNA | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.81 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.61 | -0.41 |
Correlation
The correlation between TNA and XDSQ is 0.78, 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.
Dividends
TNA vs. XDSQ - Dividend Comparison
TNA's dividend yield for the trailing twelve months is around 0.61%, while XDSQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNA Direxion Daily Small Cap Bull 3X Shares | 0.61% | 0.78% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% |
XDSQ Innovator US Equity Accelerated ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNA vs. XDSQ - Drawdown Comparison
The maximum TNA drawdown since its inception was -88.09%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for TNA and XDSQ.
Loading graphics...
Drawdown Indicators
| TNA | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -26.06% | -62.03% |
Max Drawdown (1Y)Largest decline over 1 year | -37.58% | -12.18% | -25.40% |
Max Drawdown (5Y)Largest decline over 5 years | -82.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | — | — |
Current DrawdownCurrent decline from peak | -58.21% | -6.46% | -51.75% |
Average DrawdownAverage peak-to-trough decline | -33.81% | -5.08% | -28.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.90% | 2.50% | +9.40% |
Volatility
TNA vs. XDSQ - Volatility Comparison
Direxion Daily Small Cap Bull 3X Shares (TNA) has a higher volatility of 22.02% compared to Innovator US Equity Accelerated ETF (XDSQ) at 5.68%. This indicates that TNA's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TNA | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.02% | 5.68% | +16.34% |
Volatility (6M)Calculated over the trailing 6-month period | 43.21% | 9.63% | +33.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.30% | 17.99% | +51.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.36% | 15.32% | +52.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.28% | 15.32% | +52.96% |