TSMX vs. BRKL

Last updated Aug 3, 2026

TSMX (Direxion Daily TSM Bull 2X ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.32 correlation means they have often moved in opposite directions in the past. TSMX charges 0.99%/yr vs 0.45%/yr for BRKL.

Performance

TSMX vs. BRKL - Performance Comparison

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

Returns By Period

TSMX

• 1D: 0.30%
• 1M: -15.56%
• 6M: 28.30%
• YTD: 48.80%
• 1Y: 129.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 87.80%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
TSMX Direxion Daily TSM Bull 2X ETF	$51.36M	$73.43M	$83.39M

TSMX vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
TSMX Direxion Daily TSM Bull 2X ETF	-21.77%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between TSMX and BRKL is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.32

Return for Risk

TSMX vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSMX

TSMX Risk / Return Rank: 67
TSMX Sharpe Ratio Rank: 62
TSMX Sortino Ratio Rank: 63
TSMX Omega Ratio Rank: 57
TSMX Calmar Ratio Rank: 81
TSMX Martin Ratio Rank: 73

BRKL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSMX vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSM Bull 2X ETF (TSMX) and Corgi BRKB 2x Daily ETF (BRKL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TSMX	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	2.10	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	8.89	—	—

Drawdowns

TSMX vs. BRKL - Drawdown Comparison

The maximum TSMX drawdown since its inception was -63.80%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for TSMX and BRKL.

Drawdown Indicators

	TSMX	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-63.80%	-7.03%	-56.77%
Max Drawdown (1Y) Largest decline over 1 year	-39.94%	—	—
Current Drawdown Current decline from peak	-30.40%	-0.13%	-30.27%
Average Drawdown Average peak-to-trough decline	-15.95%	-4.14%	-11.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.13%	—	—

Volatility

Volatility by Period

	TSMX	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	66.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	81.69%	30.99%	+50.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.12%	30.99%	+53.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.12%	30.99%	+53.13%

TSMX vs. BRKL - Expense Ratio Comparison

TSMX has a 0.99% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

TSMX vs. BRKL - Dividend Comparison

TSMX's dividend yield for the trailing twelve months is around 5.70%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025	2024
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%	0.00%
TSMX Direxion Daily TSM Bull 2X ETF	5.70%	8.01%	0.53%

Frequently Asked Questions

Can I hold both TSMX and BRKL in my portfolio?

TSMX and BRKL have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSMX or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSMX or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.99% for TSMX.

Which ETF pays a higher dividend yield, TSMX or BRKL?

TSMX has the higher dividend yield at 5.70%, compared with 0.00% for BRKL.

What is the main difference between TSMX and BRKL?

They also come from different issuers: Direxion and Corgi. Their fees differ too: 0.99% for TSMX and 0.45% for BRKL.