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 295.18% vs 882.43% for MU. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
TSMX vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, TSMX achieves a 108.50% return, which is significantly lower than MU's 324.61% return.
TSMX
- 1D
- 2.28%
- 1M
- 30.54%
- YTD
- 108.50%
- 6M
- 123.44%
- 1Y
- 295.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MU
- 1D
- 6.82%
- 1M
- 61.30%
- YTD
- 324.61%
- 6M
- 338.33%
- 1Y
- 882.43%
- 3Y*
- 165.88%
- 5Y*
- 73.49%
- 10Y*
- 57.52%
TSMX vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSMX Direxion Daily TSM Bull 2X Shares | 108.50% | 81.48% | 16.84% |
MU Micron Technology, Inc. | 324.61% | 240.24% | -15.51% |
Correlation
The correlation between TSMX and MU is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.59 |
The correlation between TSMX and MU has been stable across timeframes, ranging from 0.57 to 0.59 - 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 | -8.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.82 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 8.51 | 29.44 | -20.93 |
| Martin ratioReturn relative to average drawdown | 27.31 | 111.67 | -84.36 |
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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 | -34.93% | -30.28% | -4.65% |
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 | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -15.59% | -58.13% | +42.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.87% | 7.97% | +2.90% |
Volatility
TSMX vs. MU - Volatility Comparison
The current volatility for Direxion Daily TSM Bull 2X Shares (TSMX) is 29.02%, while Micron Technology, Inc. (MU) has a volatility of 33.47%. 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 | 29.02% | 33.47% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 58.40% | 58.69% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.52% | 71.47% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.10% | 53.67% | +28.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.10% | 50.30% | +31.80% |
Dividends
TSMX vs. MU - Dividend Comparison
TSMX's dividend yield for the trailing twelve months is around 3.96%, more than MU's 0.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 0.04% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
TSMX Direxion Daily TSM Bull 2X Shares | 3.96% | 8.01% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSMX and MU have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (33.47%) compared to TSMX (29.02%). In terms of maximum drawdown, TSMX dropped -63.80% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (12.50 vs 3.95), 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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