TSMX vs. MU
TSMX (Direxion Daily TSM Bull 2X Shares) is Leveraged Equities fund actively managed by Direxion, while MU (Micron Technology, Inc.) is a stock. Over the past year, TSMX returned 129.25% vs 685.99% for MU. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
TSMX vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, TSMX achieves a 48.80% return, which is significantly lower than MU's 188.53% return.
TSMX
- 1D
- 0.30%
- 1M
- -15.56%
- 6M
- 28.30%
- YTD
- 48.80%
- 1Y
- 129.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 87.80%
MU
- 1D
- -5.90%
- 1M
- -15.62%
- 6M
- 98.49%
- YTD
- 188.53%
- 1Y
- 685.99%
- 3Y*
- 127.41%
- 5Y*
- 61.18%
- 10Y*
- 51.33%
- ALL TIME*
- 17.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.28B | $42.78B | $49.13B | |
| $51.36M | $73.43M | $83.39M |
TSMX vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSMX Direxion Daily TSM Bull 2X Shares | 48.80% | 81.48% | 16.84% |
MU Micron Technology, Inc. | 188.53% | 240.24% | -15.51% |
Correlation
The correlation between TSMX and MU is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.60 |
The correlation between TSMX and MU has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
TSMX vs. MU — Risk / Return Rank
TSMX
MU
TSMX vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSM Bull 2X Shares (TSMX) and Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.63 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 16.92 | -13.99 |
| Martin ratioReturn relative to average drawdown | 8.89 | 64.08 | -55.18 |
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Drawdowns
TSMX vs. MU - Drawdown Comparison
The maximum TSMX drawdown since its inception was -63.80%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for TSMX and MU.
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Drawdown Indicators
| TSMX | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.80% | -98.25% | +34.45% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | -39.10% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -30.40% | -32.17% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -15.95% | -58.02% | +42.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.13% | 10.31% | +2.82% |
Volatility
TSMX vs. MU - Volatility Comparison
The current volatility for Direxion Daily TSM Bull 2X Shares (TSMX) is 27.37%, while Micron Technology, Inc. (MU) has a volatility of 31.11%. This indicates that TSMX experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSMX | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.37% | 31.11% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 66.13% | 67.64% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.69% | 81.13% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.12% | 56.32% | +27.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.12% | 51.42% | +32.70% |
Dividends
TSMX vs. MU - Dividend Comparison
TSMX's dividend yield for the trailing twelve months is around 5.70%, more than MU's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 0.06% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
TSMX Direxion Daily TSM Bull 2X Shares | 5.70% | 8.01% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSMX and MU have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (31.11%) compared to TSMX (27.37%). In terms of maximum drawdown, TSMX dropped -63.80% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (8.17 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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