TSXD vs. BRKD

Last updated Jun 30, 2026

TSXD (Direxion Daily Semiconductors Top 5 Bear 2X ETF) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds from Direxion. TSXD is actively managed, while BRKD is passively managed. At a correlation of -0.11, they often move in opposite directions.

Performance

TSXD vs. BRKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) and Direxion Daily BRKB Bear 1X Shares (BRKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSXD achieves a -69.35% return, which is significantly lower than BRKD's 5.90% return.

TSXD

• 1D: -4.50%
• 1M: -18.13%
• YTD: -69.35%
• 6M: -69.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKD

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.90%
• 6M: 5.50%
• 1Y: 4.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSXD vs. BRKD - Yearly Performance Comparison

	2026 (YTD)	2025
TSXD Direxion Daily Semiconductors Top 5 Bear 2X ETF	-69.35%	-19.22%
BRKD Direxion Daily BRKB Bear 1X Shares	5.90%	1.20%

Correlation

The correlation between TSXD and BRKD is -0.11, 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 (All Time) Calculated using the full available price history since Oct 1, 2025	-0.11

Return for Risk

TSXD vs. BRKD — Risk / Return Rank

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

TSXD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BRKD

BRKD Risk / Return Rank: 14
BRKD Sharpe Ratio Rank: 14
BRKD Sortino Ratio Rank: 14
BRKD Omega Ratio Rank: 14
BRKD Calmar Ratio Rank: 15
BRKD Martin Ratio Rank: 14

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.

TSXD vs. BRKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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.

	TSXD	BRKD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.37	—
Sortino ratio: Return per unit of downside risk	—	0.66	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.51	—
Martin ratio: Return relative to average drawdown	—	0.99	—

Drawdowns

TSXD vs. BRKD - Drawdown Comparison

The maximum TSXD drawdown since its inception was -78.82%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for TSXD and BRKD.

Drawdown Indicators

	TSXD	BRKD	Difference
Max Drawdown Largest peak-to-trough decline	-78.82%	-17.92%	-60.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.34%	—
Current Drawdown Current decline from peak	-76.38%	-3.69%	-72.69%
Average Drawdown Average peak-to-trough decline	-38.18%	-7.54%	-30.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.81%	—

Volatility

Volatility by Period

	TSXD	BRKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	85.81%	12.91%	+72.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.81%	16.85%	+68.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.81%	16.85%	+68.96%

Dividends

TSXD vs. BRKD - Dividend Comparison

TSXD's dividend yield for the trailing twelve months is around 5.68%, more than BRKD's 1.91% yield.

Position	TTM	2025
BRKD Direxion Daily BRKB Bear 1X Shares	1.91%	3.50%
TSXD Direxion Daily Semiconductors Top 5 Bear 2X ETF	5.68%	1.03%

Frequently Asked Questions

Can I hold both TSXD and BRKD in my portfolio?

TSXD and BRKD have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, TSXD or BRKD?

TSXD has the higher dividend yield at 5.68%, compared with 1.91% for BRKD.