TSMX vs. NTSD

Last updated Jun 4, 2026

TSMX (Direxion Daily TSM Bull 2X Shares) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. TSMX charges 1.05%/yr vs 0.35%/yr for NTSD.

Performance

TSMX vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSM Bull 2X Shares (TSMX) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSMX

• 1D: -4.27%
• 1M: 15.97%
• YTD: 85.80%
• 6M: 94.81%
• 1Y: 295.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NTSD

• 1D: -1.11%
• 1M: 7.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSMX vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
TSMX Direxion Daily TSM Bull 2X Shares	57.37%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	17.91%

Correlation

The correlation between TSMX and NTSD is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.60

Return for Risk

TSMX vs. NTSD — Risk / Return Rank

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

TSMX

TSMX Risk / Return Rank: 89
TSMX Sharpe Ratio Rank: 96
TSMX Sortino Ratio Rank: 83
TSMX Omega Ratio Rank: 75
TSMX Calmar Ratio Rank: 95
TSMX Martin Ratio Rank: 94

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. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSM Bull 2X Shares (TSMX) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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	NTSD	Difference
Sharpe ratio: Return per unit of total volatility	4.15	—	—
Sortino ratio: Return per unit of downside risk	3.78	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	8.51	—	—
Martin ratio: Return relative to average drawdown	27.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TSMX	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.57	5.08	-3.51

Drawdowns

TSMX vs. NTSD - Drawdown Comparison

The maximum TSMX drawdown since its inception was -63.80%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for TSMX and NTSD.

Drawdown Indicators

	TSMX	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-63.80%	-5.20%	-58.60%
Max Drawdown (1Y) Largest decline over 1 year	-34.93%	—	—
Current Drawdown Current decline from peak	-4.27%	-1.11%	-3.16%
Average Drawdown Average peak-to-trough decline	-15.85%	-0.84%	-15.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.68%	—	—

Volatility

Volatility by Period

	TSMX	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.63%	24.28%	+47.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.93%	24.28%	+56.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.93%	24.28%	+56.65%

TSMX vs. NTSD - Expense Ratio Comparison

TSMX has a 1.05% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

TSMX vs. NTSD - Dividend Comparison

TSMX's dividend yield for the trailing twelve months is around 4.44%, while NTSD has not paid dividends to shareholders.

Position	TTM	2025	2024
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.00%	0.00%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	4.44%	8.01%	0.53%

Frequently Asked Questions

Can I hold both TSMX and NTSD in my portfolio?

TSMX and NTSD have a correlation of 0.60, 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 NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSMX or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 1.05% for TSMX.

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

TSMX has the higher dividend yield at 4.44%, compared with 0.00% for NTSD.

What is the main difference between TSMX and NTSD?

They also come from different issuers: Direxion and WisdomTree. Their fees differ too: 1.05% for TSMX and 0.35% for NTSD.