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 Artificial Intelligence 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 -48.22% vs 57.81% for ARTY. Their -0.73 correlation means they have often moved in opposite directions in the past. 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 -31.34% return, which is significantly lower than ARTY's 38.42% return.
TSMZ
- 1D
- -0.09%
- 1M
- 5.88%
- 6M
- -24.87%
- YTD
- -31.34%
- 1Y
- -48.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -43.42%
ARTY
- 1D
- 0.60%
- 1M
- -6.25%
- 6M
- 29.47%
- YTD
- 38.42%
- 1Y
- 57.81%
- 3Y*
- 25.12%
- 5Y*
- 9.92%
- 10Y*
- —
- ALL TIME*
- 14.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.04M | $40.00M | $59.74M | |
| $787.65K | $1.02M | $750.23K |
TSMZ vs. ARTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSMZ Direxion Daily TSM Bear 1X Shares | -31.34% | -41.91% | -11.25% |
ARTY iShares Future AI & Tech ETF | 38.42% | 29.97% | 9.81% |
Correlation
The correlation between TSMZ and ARTY is -0.75, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | -0.73 |
The correlation between TSMZ and ARTY has been stable across timeframes, ranging from -0.75 to -0.73 - 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 | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.68 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.25 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 2.24 | -3.07 |
| Martin ratioReturn relative to average drawdown | -1.32 | 7.25 | -8.57 |
Loading charts...
Drawdowns
TSMZ vs. ARTY - Drawdown Comparison
The maximum TSMZ drawdown since its inception was -74.02%, 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 | -74.02% | -54.50% | -19.52% |
Max Drawdown (1Y)Largest decline over 1 year | -56.52% | -24.00% | -32.52% |
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 | -69.99% | -17.41% | -52.58% |
Average DrawdownAverage peak-to-trough decline | -40.58% | -19.68% | -20.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.46% | 7.42% | +28.04% |
Volatility
TSMZ vs. ARTY - Volatility Comparison
Direxion Daily TSM Bear 1X Shares (TSMZ) and iShares Future AI & Tech ETF (ARTY) have volatilities of 14.51% and 14.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 14.51% | 14.17% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 33.16% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.76% | 37.34% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.96% | 30.29% | +11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.96% | 28.64% | +13.32% |
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 4.39%, more than ARTY's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ARTY iShares Future AI & Tech ETF | 0.07% | 0.00% | 0.50% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
TSMZ Direxion Daily TSM Bear 1X Shares | 4.39% | 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 -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSMZ has higher volatility (14.51%) compared to ARTY (14.17%). In terms of maximum drawdown, TSMZ dropped -74.02% vs ARTY's -54.50%.
On 1-year performance, ARTY leads with 57.81% vs -48.22% for TSMZ. On fees, ARTY is cheaper at 0.47% per year. On volatility, ARTY has been the lower-risk option at 14.17%. 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 57.81% return vs -48.22%. 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 4.39%, compared with 0.07% for ARTY.
TSMZ is categorized as Inverse Equities, while ARTY is Artificial Intelligence. 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 (1.44 vs -1.15), 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