TSXU vs. UFOX

Last updated Jun 24, 2026

TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) and UFOX (Defiance Connective Technologies ETF) are both exchange-traded funds - TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x), while UFOX is a Technology Equities fund tracking the BlueStar Connective Technologies Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. TSXU charges 1.05%/yr vs 0.30%/yr for UFOX.

Performance

TSXU vs. UFOX - 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 Defiance Connective Technologies ETF (UFOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSXU achieves a 113.38% return, which is significantly higher than UFOX's 42.92% return.

TSXU

• 1D: -13.73%
• 1M: 19.65%
• YTD: 113.38%
• 6M: 118.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UFOX

• 1D: -3.21%
• 1M: -8.35%
• YTD: 42.92%
• 6M: 40.39%
• 1Y: 82.24%
• 3Y*: 42.75%
• 5Y*: 20.74%
• 10Y*: —

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

TSXU vs. UFOX - Yearly Performance Comparison

	2026 (YTD)	2025
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	113.38%	37.96%
UFOX Defiance Connective Technologies ETF	42.92%	3.66%

Correlation

The correlation between TSXU and UFOX is 0.72, 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	0.72

Return for Risk

TSXU vs. UFOX — Risk / Return Rank

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

TSXU

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

UFOX

UFOX Risk / Return Rank: 89
UFOX Sharpe Ratio Rank: 91
UFOX Sortino Ratio Rank: 84
UFOX Omega Ratio Rank: 83
UFOX Calmar Ratio Rank: 92
UFOX Martin Ratio Rank: 93

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.

TSXU vs. UFOX - 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 Defiance Connective Technologies ETF (UFOX). 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	UFOX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.93	—
Sortino ratio: Return per unit of downside risk	—	3.49	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	5.78	—
Martin ratio: Return relative to average drawdown	—	22.15	—

Drawdowns

TSXU vs. UFOX - Drawdown Comparison

The maximum TSXU drawdown since its inception was -35.62%, which is greater than UFOX's maximum drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for TSXU and UFOX.

Drawdown Indicators

	TSXU	UFOX	Difference
Max Drawdown Largest peak-to-trough decline	-35.62%	-33.90%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.90%	—
Current Drawdown Current decline from peak	-13.73%	-14.31%	+0.58%
Average Drawdown Average peak-to-trough decline	-10.67%	-9.03%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.73%	—

Volatility

Volatility by Period

	TSXU	UFOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.70%	28.22%	+61.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.70%	25.17%	+64.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.70%	25.52%	+64.18%

TSXU vs. UFOX - Expense Ratio Comparison

TSXU has a 1.05% expense ratio, which is higher than UFOX's 0.30% expense ratio.

Dividends

TSXU vs. UFOX - Dividend Comparison

TSXU's dividend yield for the trailing twelve months is around 1.36%, more than UFOX's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
UFOX Defiance Connective Technologies ETF	0.41%	0.56%	0.79%	1.40%	1.63%	1.17%	0.99%	0.75%

Frequently Asked Questions

Can I hold both TSXU and UFOX in my portfolio?

TSXU and UFOX have a correlation of 0.72, 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 UFOX?

On fees, UFOX is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSXU or UFOX?

UFOX is cheaper with a 0.30% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.36%, compared with 0.41% for UFOX.

What is the main difference between TSXU and UFOX?

TSXU is categorized as Leveraged Equities, while UFOX is Technology Equities. TSXU tracks Solactive Semiconductor Top 5 Index (2x), while UFOX tracks BlueStar Connective Technologies Index. They also come from different issuers: Direxion and Defiance. Their fees differ too: 1.05% for TSXU and 0.30% for UFOX.