TSMX vs. HOOG

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily TSM Bull 2X Shares (TSMX) and Leverage Shares 2X Long HOOD Daily ETF (HOOG).

TSMX and HOOG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024. HOOG is an actively managed fund by Leverage Shares. It was launched on Mar 20, 2025.

Performance

TSMX vs. HOOG - Performance Comparison

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

TSMX vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
TSMX Direxion Daily TSM Bull 2X Shares	16.15%	146.41%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-68.49%	291.44%

Returns By Period

In the year-to-date period, TSMX achieves a 16.15% return, which is significantly higher than HOOG's -68.49% return.

TSMX

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

HOOG

• 1D: 12.50%
• 1M: -20.36%
• YTD: -68.49%
• 6M: -83.51%
• 1Y: 42.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSMX vs. HOOG - Expense Ratio Comparison

TSMX has a 1.05% expense ratio, which is higher than HOOG's 0.75% expense ratio.

TSMX

Direxion Daily TSM Bull 2X Shares

HOOG

Leverage Shares 2X Long HOOD Daily ETF

Return for Risk

TSMX vs. HOOG — Risk / Return Rank

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

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

HOOG

HOOG Risk / Return Rank: 34
HOOG Sharpe Ratio Rank: 21
HOOG Sortino Ratio Rank: 59
HOOG Omega Ratio Rank: 48
HOOG Calmar Ratio Rank: 23
HOOG Martin Ratio Rank: 19

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.

TSMX vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSM Bull 2X Shares (TSMX) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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.

	TSMX	HOOG	Difference
Sharpe ratio Return per unit of total volatility	2.95	0.30	+2.66
Sortino ratio Return per unit of downside risk	3.08	1.49	+1.59
Omega ratio Gain probability vs. loss probability	1.39	1.18	+0.21
Calmar ratio Return relative to maximum drawdown	6.59	0.47	+6.12
Martin ratio Return relative to average drawdown	20.50	1.00	+19.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSMX vs. HOOG - Sharpe Ratio Comparison

The current TSMX Sharpe Ratio is 2.95, which is higher than the HOOG Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of TSMX and HOOG, 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

	TSMX	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	0.30	+2.66
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.16	+0.85

Correlation

The correlation between TSMX and HOOG is 0.50, 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

TSMX vs. HOOG - Dividend Comparison

TSMX's dividend yield for the trailing twelve months is around 7.11%, less than HOOG's 39.05% yield.

	TTM	2025	2024
TSMX Direxion Daily TSM Bull 2X Shares	7.11%	8.01%	0.53%
HOOG Leverage Shares 2X Long HOOD Daily ETF	39.05%	12.30%	0.00%

Drawdowns

TSMX vs. HOOG - Drawdown Comparison

The maximum TSMX drawdown since its inception was -63.80%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for TSMX and HOOG.

Drawdown Indicators

	TSMX	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-63.80%	-86.94%	+23.14%
Max Drawdown (1Y) Largest decline over 1 year	-34.93%	-86.94%	+52.01%
Current Drawdown Current decline from peak	-25.94%	-85.30%	+59.36%
Average Drawdown Average peak-to-trough decline	-16.74%	-29.96%	+13.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.22%	41.02%	-29.80%

Volatility

TSMX vs. HOOG - Volatility Comparison

The current volatility for Direxion Daily TSM Bull 2X Shares (TSMX) is 29.06%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 35.72%. This indicates that TSMX experiences smaller price fluctuations and is considered to be less risky than HOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSMX	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.06%	35.72%	-6.66%
Volatility (6M) Calculated over the trailing 6-month period	54.61%	101.26%	-46.65%
Volatility (1Y) Calculated over the trailing 1-year period	77.49%	143.11%	-65.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.26%	143.89%	-62.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.26%	143.89%	-62.63%