TSXU vs. DRGN

Last updated Jun 4, 2026

TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x), while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. TSXU charges 1.05%/yr vs 0.39%/yr for DRGN.

Performance

TSXU vs. DRGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU) and Themes China Generative Artificial Intelligence ETF (DRGN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSXU achieves a 141.91% return, which is significantly higher than DRGN's 16.56% return.

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRGN

• 1D: 0.42%
• 1M: 5.53%
• YTD: 16.56%
• 6M: 18.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSXU vs. DRGN - Yearly Performance Comparison

	2026 (YTD)	2025
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%
DRGN Themes China Generative Artificial Intelligence ETF	16.56%	-13.13%

Correlation

The correlation between TSXU and DRGN is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.48

Return for Risk

TSXU vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU) and Themes China Generative Artificial Intelligence ETF (DRGN). 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.

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

Sharpe Ratios by Period

	TSXU	DRGN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.53	1.58	+2.95

Drawdowns

TSXU vs. DRGN - Drawdown Comparison

The maximum TSXU drawdown since its inception was -35.62%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for TSXU and DRGN.

Drawdown Indicators

	TSXU	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	-35.62%	-20.86%	-14.76%
Current Drawdown Current decline from peak	-0.92%	-7.05%	+6.13%
Average Drawdown Average peak-to-trough decline	-10.56%	-7.93%	-2.63%

Volatility

Volatility by Period

	TSXU	DRGN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	78.68%	34.85%	+43.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.68%	34.85%	+43.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.68%	34.85%	+43.83%

TSXU vs. DRGN - Expense Ratio Comparison

TSXU has a 1.05% expense ratio, which is higher than DRGN's 0.39% expense ratio.

Dividends

TSXU vs. DRGN - Dividend Comparison

TSXU's dividend yield for the trailing twelve months is around 1.20%, more than DRGN's 1.04% yield.

Position	TTM	2025
DRGN Themes China Generative Artificial Intelligence ETF	1.04%	1.22%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%

Frequently Asked Questions

Can I hold both TSXU and DRGN in my portfolio?

TSXU and DRGN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSXU or DRGN?

On fees, DRGN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSXU or DRGN?

DRGN is cheaper with a 0.39% expense ratio, compared with 1.05% for TSXU.

Which ETF pays a higher dividend yield, TSXU or DRGN?

TSXU has the higher dividend yield at 1.20%, compared with 1.04% for DRGN.

What is the main difference between TSXU and DRGN?

TSXU is categorized as Leveraged Equities, while DRGN is Technology Equities. TSXU tracks Solactive Semiconductor Top 5 Index (2x), while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: Direxion and Themes. Their fees differ too: 1.05% for TSXU and 0.39% for DRGN.