TQQY vs. TSMX

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares YieldBOOST QQQ ETF (TQQY) and Direxion Daily TSM Bull 2X Shares (TSMX).

TQQY and TSMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQQY is an actively managed fund by GraniteShares. It was launched on Feb 25, 2025. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.

Performance

TQQY vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST QQQ ETF (TQQY) and Direxion Daily TSM Bull 2X Shares (TSMX). The values are adjusted to include any dividend payments, if applicable.

TQQY vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
TQQY GraniteShares YieldBOOST QQQ ETF	-7.53%	-5.07%
TSMX Direxion Daily TSM Bull 2X Shares	16.15%	99.45%

Returns By Period

In the year-to-date period, TQQY achieves a -7.53% return, which is significantly lower than TSMX's 16.15% return.

TQQY

• 1D: 2.44%
• 1M: -8.84%
• YTD: -7.53%
• 6M: -13.56%
• 1Y: 5.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 13.81%
• 1M: -20.58%
• YTD: 16.15%
• 6M: 30.27%
• 1Y: 227.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TQQY vs. TSMX - Expense Ratio Comparison

TQQY has a 1.07% expense ratio, which is higher than TSMX's 1.05% expense ratio.

TQQY

GraniteShares YieldBOOST QQQ ETF

TSMX

Direxion Daily TSM Bull 2X Shares

Return for Risk

TQQY vs. TSMX — Risk / Return Rank

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

TQQY

TQQY Risk / Return Rank: 19
TQQY Sharpe Ratio Rank: 19
TQQY Sortino Ratio Rank: 18
TQQY Omega Ratio Rank: 20
TQQY Calmar Ratio Rank: 19
TQQY Martin Ratio Rank: 18

TSMX

TSMX Risk / Return Rank: 96
TSMX Sharpe Ratio Rank: 97
TSMX Sortino Ratio Rank: 95
TSMX Omega Ratio Rank: 91
TSMX Calmar Ratio Rank: 98
TSMX Martin Ratio Rank: 97

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.

TQQY vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QQQ ETF (TQQY) and Direxion Daily TSM Bull 2X Shares (TSMX). 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.

	TQQY	TSMX	Difference
Sharpe ratio Return per unit of total volatility	0.25	2.95	-2.71
Sortino ratio Return per unit of downside risk	0.45	3.08	-2.64
Omega ratio Gain probability vs. loss probability	1.07	1.39	-0.32
Calmar ratio Return relative to maximum drawdown	0.30	6.59	-6.29
Martin ratio Return relative to average drawdown	0.82	20.50	-19.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQQY vs. TSMX - Sharpe Ratio Comparison

The current TQQY Sharpe Ratio is 0.25, which is lower than the TSMX Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of TQQY and TSMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TQQY	TSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	2.95	-2.71
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	1.01	-1.45

Correlation

The correlation between TQQY and TSMX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TQQY vs. TSMX - Dividend Comparison

TQQY's dividend yield for the trailing twelve months is around 67.26%, more than TSMX's 7.11% yield.

	TTM	2025	2024
TQQY GraniteShares YieldBOOST QQQ ETF	67.26%	49.61%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	7.11%	8.01%	0.53%

Drawdowns

TQQY vs. TSMX - Drawdown Comparison

The maximum TQQY drawdown since its inception was -25.31%, smaller than the maximum TSMX drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for TQQY and TSMX.

Drawdown Indicators

	TQQY	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-63.80%	+38.49%
Max Drawdown (1Y) Largest decline over 1 year	-19.35%	-34.93%	+15.58%
Current Drawdown Current decline from peak	-17.39%	-25.94%	+8.55%
Average Drawdown Average peak-to-trough decline	-9.73%	-16.74%	+7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	11.22%	-4.22%

Volatility

TQQY vs. TSMX - Volatility Comparison

The current volatility for GraniteShares YieldBOOST QQQ ETF (TQQY) is 7.65%, while Direxion Daily TSM Bull 2X Shares (TSMX) has a volatility of 29.06%. This indicates that TQQY experiences smaller price fluctuations and is considered to be less risky than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQQY	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	29.06%	-21.41%
Volatility (6M) Calculated over the trailing 6-month period	18.68%	54.61%	-35.93%
Volatility (1Y) Calculated over the trailing 1-year period	23.65%	77.49%	-53.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.44%	81.26%	-55.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	81.26%	-55.82%