TSCM vs. FOXY

Last updated Jun 4, 2026

TSCM (TimesSquare Quality Mid Cap Growth ETF) and FOXY (Simplify Currency Strategy ETF) are both exchange-traded funds - TSCM is a Mid Cap Growth Equities fund actively managed by TimesSquare Capital Management, while FOXY is a Leveraged Currency fund actively managed by Simplify. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. TSCM charges 0.55%/yr vs 0.81%/yr for FOXY.

Performance

TSCM vs. FOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TimesSquare Quality Mid Cap Growth ETF (TSCM) and Simplify Currency Strategy ETF (FOXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSCM achieves a 3.31% return, which is significantly lower than FOXY's 11.55% return.

TSCM

• 1D: -0.92%
• 1M: 5.27%
• YTD: 3.31%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FOXY

• 1D: 0.27%
• 1M: 1.51%
• YTD: 11.55%
• 6M: 7.50%
• 1Y: 20.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSCM vs. FOXY - Yearly Performance Comparison

	2026 (YTD)	2025
TSCM TimesSquare Quality Mid Cap Growth ETF	3.31%	-0.86%
FOXY Simplify Currency Strategy ETF	11.55%	-0.40%

Correlation

The correlation between TSCM and FOXY is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025	0.07

Return for Risk

TSCM vs. FOXY — Risk / Return Rank

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

FOXY

FOXY Risk / Return Rank: 70
FOXY Sharpe Ratio Rank: 63
FOXY Sortino Ratio Rank: 68
FOXY Omega Ratio Rank: 62
FOXY Calmar Ratio Rank: 86
FOXY Martin Ratio Rank: 72

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.

TSCM vs. FOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TimesSquare Quality Mid Cap Growth ETF (TSCM) and Simplify Currency Strategy ETF (FOXY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSCM	FOXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	1.37	-1.09

Drawdowns

TSCM vs. FOXY - Drawdown Comparison

The maximum TSCM drawdown since its inception was -14.87%, which is greater than FOXY's maximum drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for TSCM and FOXY.

Drawdown Indicators

	TSCM	FOXY	Difference
Max Drawdown Largest peak-to-trough decline	-14.87%	-13.09%	-1.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.32%	—
Current Drawdown Current decline from peak	-0.92%	-1.32%	+0.40%
Average Drawdown Average peak-to-trough decline	-6.33%	-2.11%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.54%	—

Volatility

Volatility by Period

	TSCM	FOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	9.99%	+11.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	15.07%	+5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	15.07%	+5.96%

TSCM vs. FOXY - Expense Ratio Comparison

TSCM has a 0.55% expense ratio, which is lower than FOXY's 0.81% expense ratio.

Dividends

TSCM vs. FOXY - Dividend Comparison

TSCM has not paid dividends to shareholders, while FOXY's dividend yield for the trailing twelve months is around 8.14%.

Position	TTM	2025
FOXY Simplify Currency Strategy ETF	8.14%	5.51%
TSCM TimesSquare Quality Mid Cap Growth ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSCM and FOXY in my portfolio?

TSCM and FOXY have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSCM or FOXY?

On fees, TSCM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSCM or FOXY?

TSCM is cheaper with a 0.55% expense ratio, compared with 0.81% for FOXY.

Which ETF pays a higher dividend yield, TSCM or FOXY?

FOXY has the higher dividend yield at 8.14%, compared with 0.00% for TSCM.

What is the main difference between TSCM and FOXY?

TSCM is categorized as Mid Cap Growth Equities, while FOXY is Leveraged Currency. They also come from different issuers: TimesSquare Capital Management and Simplify. Their fees differ too: 0.55% for TSCM and 0.81% for FOXY.