TSXU vs. TNA
TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) and TNA (Direxion Daily Small Cap Bull 3X Shares) are both Leveraged Equities funds from Direxion - TSXU tracks the Solactive Semiconductor Top 5 Index (2x) while TNA tracks the Russell 2000 Index (300% Daily). Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 1.05% expense ratio.
Performance
TSXU vs. TNA - Performance Comparison
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Returns By Period
In the year-to-date period, TSXU achieves a 113.38% return, which is significantly higher than TNA's 56.90% return.
TSXU
- 1D
- -13.73%
- 1M
- 19.65%
- YTD
- 113.38%
- 6M
- 118.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TNA
- 1D
- -3.11%
- 1M
- 9.59%
- YTD
- 56.90%
- 6M
- 45.88%
- 1Y
- 125.39%
- 3Y*
- 32.32%
- 5Y*
- -5.98%
- 10Y*
- 9.70%
TSXU vs. TNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 113.38% | 37.96% |
TNA Direxion Daily Small Cap Bull 3X Shares | 56.90% | 0.72% |
Correlation
The correlation between TSXU and TNA is 0.59, 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 Oct 1, 2025 | 0.59 |
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Return for Risk
TSXU vs. TNA — Risk / Return Rank
TSXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TNA
TSXU vs. TNA - 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 Direxion Daily Small Cap Bull 3X Shares (TNA). 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.
| TSXU | TNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.88 | — |
| Martin ratioReturn relative to average drawdown | — | 12.72 | — |
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Drawdowns
TSXU vs. TNA - Drawdown Comparison
The maximum TSXU drawdown since its inception was -35.62%, smaller than the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for TSXU and TNA.
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Drawdown Indicators
| TSXU | TNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -88.09% | +52.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -65.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.09% | — |
Current DrawdownCurrent decline from peak | -13.73% | -33.64% | +19.91% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -33.92% | +23.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.89% | — |
Volatility
TSXU vs. TNA - Volatility Comparison
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Volatility by Period
| TSXU | TNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.70% | 58.76% | +30.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.70% | 67.57% | +22.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.70% | 68.50% | +21.20% |
TSXU vs. TNA - Expense Ratio Comparison
Both TSXU and TNA have an expense ratio of 1.05%.
Dividends
TSXU vs. TNA - Dividend Comparison
TSXU's dividend yield for the trailing twelve months is around 1.36%, more than TNA's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TNA Direxion Daily Small Cap Bull 3X Shares | 0.38% | 0.78% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 1.36% | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSXU and TNA have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TSXU and TNA have the same expense ratio: 1.05% per year.
TSXU has the higher dividend yield at 1.36%, compared with 0.38% for TNA.
TSXU tracks Solactive Semiconductor Top 5 Index (2x), while TNA tracks Russell 2000 Index (300% Daily).
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