TSYX vs. DRIP

Last updated Apr 1, 2026

Compare and contrast key facts about TSPY Lift ETF (TSYX) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP).

TSYX and DRIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSYX is an actively managed fund by TappAlpha. It was launched on Jan 6, 2026. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020.

Performance

TSYX vs. DRIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TSPY Lift ETF (TSYX) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). The values are adjusted to include any dividend payments, if applicable.

TSYX vs. DRIP - Yearly Performance Comparison

	2026 (YTD)
TSYX TSPY Lift ETF	-8.44%
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares	-55.52%

Returns By Period

TSYX

• 1D: 4.07%
• 1M: -7.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRIP

• 1D: 4.02%
• 1M: -30.07%
• YTD: -53.90%
• 6M: -51.15%
• 1Y: -60.00%
• 3Y*: -31.92%
• 5Y*: -46.13%
• 10Y*: -47.04%

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

TSYX vs. DRIP - Expense Ratio Comparison

TSYX has a 0.98% expense ratio, which is lower than DRIP's 1.07% expense ratio.

DRIP

Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares

TSYX

TSPY Lift ETF

Return for Risk

TSYX vs. DRIP — Risk / Return Rank

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

DRIP

DRIP Risk / Return Rank: 1
DRIP Sharpe Ratio Rank: 1
DRIP Sortino Ratio Rank: 1
DRIP Omega Ratio Rank: 1
DRIP Calmar Ratio Rank: 1
DRIP Martin Ratio Rank: 2

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.

TSYX vs. DRIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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

	TSYX	DRIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.90	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.61	-0.43	-1.19

Correlation

The correlation between TSYX and DRIP is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TSYX vs. DRIP - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 3.46%, less than DRIP's 4.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TSYX TSPY Lift ETF	3.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares	4.28%	2.86%	4.38%	5.09%	0.00%	0.00%	0.01%	0.96%	0.58%

Drawdowns

TSYX vs. DRIP - Drawdown Comparison

The maximum TSYX drawdown since its inception was -13.39%, smaller than the maximum DRIP drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for TSYX and DRIP.

Drawdown Indicators

	TSYX	DRIP	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-99.95%	+86.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-76.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-96.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.92%	—
Current Drawdown Current decline from peak	-9.86%	-99.94%	+90.08%
Average Drawdown Average peak-to-trough decline	-3.75%	-90.30%	+86.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	46.55%	—

Volatility

Volatility by Period

	TSYX	DRIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.22%	66.53%	-46.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.22%	68.89%	-48.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	97.12%	-76.90%