TTDU vs. TSMX

Last updated Jun 4, 2026

TTDU (T-REX 2X Long TTD Daily Target ETF) and TSMX (Direxion Daily TSM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. TTDU charges 1.50%/yr vs 1.05%/yr for TSMX.

Performance

TTDU vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long TTD Daily Target ETF (TTDU) and Direxion Daily TSM Bull 2X Shares (TSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTDU achieves a -77.55% return, which is significantly lower than TSMX's 92.23% return.

TTDU

• 1D: -5.44%
• 1M: -31.38%
• YTD: -77.55%
• 6M: -78.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 3.46%
• 1M: 24.58%
• YTD: 92.23%
• 6M: 104.96%
• 1Y: 290.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TTDU vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
TTDU T-REX 2X Long TTD Daily Target ETF	-77.55%	-37.11%
TSMX Direxion Daily TSM Bull 2X Shares	92.23%	25.97%

Correlation

The correlation between TTDU and TSMX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.05

Return for Risk

TTDU vs. TSMX — Risk / Return Rank

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

TSMX

TSMX Risk / Return Rank: 89
TSMX Sharpe Ratio Rank: 96
TSMX Sortino Ratio Rank: 84
TSMX Omega Ratio Rank: 77
TSMX Calmar Ratio Rank: 95
TSMX Martin Ratio Rank: 94

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.

TTDU vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long TTD Daily Target ETF (TTDU) and Direxion Daily TSM Bull 2X Shares (TSMX). 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

	TTDU	TSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.87	1.63	-2.50

Drawdowns

TTDU vs. TSMX - Drawdown Comparison

The maximum TTDU drawdown since its inception was -89.89%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for TTDU and TSMX.

Drawdown Indicators

	TTDU	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-89.89%	-63.80%	-26.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.93%	—
Current Drawdown Current decline from peak	-89.89%	-0.96%	-88.93%
Average Drawdown Average peak-to-trough decline	-59.22%	-15.81%	-43.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.68%	—

Volatility

Volatility by Period

	TTDU	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.88%	71.64%	+36.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.88%	80.87%	+27.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.88%	80.87%	+27.01%

TTDU vs. TSMX - Expense Ratio Comparison

TTDU has a 1.50% expense ratio, which is higher than TSMX's 1.05% expense ratio.

Dividends

TTDU vs. TSMX - Dividend Comparison

TTDU has not paid dividends to shareholders, while TSMX's dividend yield for the trailing twelve months is around 4.30%.

Position	TTM	2025	2024
TSMX Direxion Daily TSM Bull 2X Shares	4.30%	8.01%	0.53%
TTDU T-REX 2X Long TTD Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TTDU and TSMX in my portfolio?

TTDU and TSMX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TTDU or TSMX?

On fees, TSMX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TTDU or TSMX?

TSMX is cheaper with a 1.05% expense ratio, compared with 1.50% for TTDU.

Which ETF pays a higher dividend yield, TTDU or TSMX?

TSMX has the higher dividend yield at 4.30%, compared with 0.00% for TTDU.

What is the main difference between TTDU and TSMX?

They also come from different issuers: T-Rex and Direxion. Their fees differ too: 1.50% for TTDU and 1.05% for TSMX.