TSMZ vs. ARTY
TSMZ (Direxion Daily TSM Bear 1X Shares) and ARTY (iShares Future AI & Tech ETF) are both exchange-traded funds - TSMZ is a Inverse Equities fund actively managed by Direxion, while ARTY is a Technology Equities fund tracking the Morningstar Global Artificial Intelligence Select Index (Net). TSMZ is actively managed, while ARTY is passively managed. Over the past year, TSMZ returned -59.11% vs 106.73% for ARTY. At a correlation of -0.72, they often move in opposite directions. TSMZ charges 0.98%/yr vs 0.47%/yr for ARTY.
Performance
TSMZ vs. ARTY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSMZ achieves a -38.97% return, which is significantly lower than ARTY's 64.94% return.
TSMZ
- 1D
- -0.98%
- 1M
- -15.14%
- YTD
- -38.97%
- 6M
- -41.14%
- 1Y
- -59.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARTY
- 1D
- 0.66%
- 1M
- 15.54%
- YTD
- 64.94%
- 6M
- 64.94%
- 1Y
- 106.73%
- 3Y*
- 35.95%
- 5Y*
- 13.47%
- 10Y*
- —
TSMZ vs. ARTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSMZ Direxion Daily TSM Bear 1X Shares | -38.97% | -41.91% | -11.25% |
ARTY iShares Future AI & Tech ETF | 64.94% | 29.97% | 9.81% |
Correlation
The correlation between TSMZ and ARTY is -0.71, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.72 |
The correlation between TSMZ and ARTY has been stable across timeframes, ranging from -0.72 to -0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSMZ vs. ARTY — Risk / Return Rank
TSMZ
ARTY
TSMZ vs. ARTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSM Bear 1X Shares (TSMZ) and iShares Future AI & Tech ETF (ARTY). 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.
| TSMZ | ARTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.78 | ||
| Sortino ratioReturn per unit of downside risk | -6.23 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.48 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 5.71 | -6.71 |
| Martin ratioReturn relative to average drawdown | -1.65 | 18.73 | -20.38 |
Loading charts...
Drawdowns
TSMZ vs. ARTY - Drawdown Comparison
The maximum TSMZ drawdown since its inception was -73.32%, which is greater than ARTY's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for TSMZ and ARTY.
Loading charts...
Drawdown Indicators
| TSMZ | ARTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.32% | -54.50% | -18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -59.01% | -18.81% | -40.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.53% | — |
Current DrawdownCurrent decline from peak | -73.32% | -1.59% | -71.73% |
Average DrawdownAverage peak-to-trough decline | -38.61% | -19.77% | -18.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.95% | 5.72% | +30.23% |
Volatility
TSMZ vs. ARTY - Volatility Comparison
The current volatility for Direxion Daily TSM Bear 1X Shares (TSMZ) is 13.95%, while iShares Future AI & Tech ETF (ARTY) has a volatility of 17.99%. This indicates that TSMZ experiences smaller price fluctuations and is considered to be less risky than ARTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSMZ | ARTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.95% | 17.99% | -4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 29.48% | 29.22% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.56% | 33.64% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.91% | 29.43% | +11.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.91% | 28.21% | +12.70% |
TSMZ vs. ARTY - Expense Ratio Comparison
TSMZ has a 0.98% expense ratio, which is higher than ARTY's 0.47% expense ratio.
Dividends
TSMZ vs. ARTY - Dividend Comparison
TSMZ's dividend yield for the trailing twelve months is around 5.74%, more than ARTY's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ARTY iShares Future AI & Tech ETF | 0.05% | 0.00% | 0.50% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
TSMZ Direxion Daily TSM Bear 1X Shares | 5.74% | 4.88% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSMZ and ARTY have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARTY has higher volatility (17.99%) compared to TSMZ (13.95%). In terms of maximum drawdown, TSMZ dropped -73.32% vs ARTY's -54.50%.
On 1-year performance, ARTY leads with 106.73% vs -59.11% for TSMZ. On fees, ARTY is cheaper at 0.47% per year. On volatility, TSMZ has been the lower-risk option at 13.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ARTY has performed better with a 106.73% return vs -59.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARTY is cheaper with a 0.47% expense ratio, compared with 0.98% for TSMZ.
TSMZ has the higher dividend yield at 5.74%, compared with 0.05% for ARTY.
TSMZ is categorized as Inverse Equities, while ARTY is Technology Equities. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.98% for TSMZ and 0.47% for ARTY.
ARTY currently has the higher Sharpe Ratio (3.20 vs -1.58), 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.
Find the right allocation for TSMZ and ARTY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer