TTDU vs. TSMX

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Long TTD Daily Target ETF (TTDU) and Direxion Daily TSM Bull 2X Shares (TSMX).

TTDU and TSMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TTDU is an actively managed fund by T-Rex. It was launched on Sep 16, 2025. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.

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.

TTDU vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025
TTDU T-REX 2X Long TTD Daily Target ETF	-69.59%	-37.11%
TSMX Direxion Daily TSM Bull 2X Shares	16.15%	25.97%

Returns By Period

In the year-to-date period, TTDU achieves a -69.59% return, which is significantly lower than TSMX's 16.15% return.

TTDU

• 1D: 6.09%
• 1M: -15.13%
• YTD: -69.59%
• 6M: -83.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 13.81%
• 1M: -20.58%
• YTD: 16.15%
• 6M: 30.27%
• 1Y: 227.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TTDU vs. TSMX - Expense Ratio Comparison

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

TTDU

T-REX 2X Long TTD Daily Target ETF

TSMX

Direxion Daily TSM Bull 2X Shares

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: 96
TSMX Sharpe Ratio Rank: 97
TSMX Sortino Ratio Rank: 95
TSMX Omega Ratio Rank: 91
TSMX Calmar Ratio Rank: 98
TSMX Martin Ratio Rank: 97

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	—	2.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.94	1.01	-1.95

Correlation

The correlation between TTDU and TSMX is 0.12, 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

TTDU vs. TSMX - Dividend Comparison

TTDU has not paid dividends to shareholders, while TSMX's dividend yield for the trailing twelve months is around 7.11%.

	TTM	2025	2024
TTDU T-REX 2X Long TTD Daily Target ETF	0.00%	0.00%	0.00%
TSMX Direxion Daily TSM Bull 2X Shares	7.11%	8.01%	0.53%

Drawdowns

TTDU vs. TSMX - Drawdown Comparison

The maximum TTDU drawdown since its inception was -87.87%, 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	-87.87%	-63.80%	-24.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.93%	—
Current Drawdown Current decline from peak	-86.30%	-25.94%	-60.36%
Average Drawdown Average peak-to-trough decline	-49.95%	-16.74%	-33.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.22%	—

Volatility

Volatility by Period

	TTDU	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	101.52%	77.49%	+24.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.52%	81.26%	+20.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.52%	81.26%	+20.26%