TTXD vs. BMNZ

Last updated Jun 30, 2026

TTXD (Direxion Daily Technology Top 5 Bear 2X ETF) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds. TTXD is actively managed, while BMNZ is passively managed. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

TTXD vs. BMNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTXD achieves a -43.91% return, which is significantly lower than BMNZ's 20.89% return.

TTXD

• 1D: -1.93%
• 1M: 1.52%
• YTD: -43.91%
• 6M: -42.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNZ

• 1D: -3.73%
• 1M: 64.84%
• YTD: 20.89%
• 6M: 33.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TTXD vs. BMNZ - Yearly Performance Comparison

	2026 (YTD)	2025
TTXD Direxion Daily Technology Top 5 Bear 2X ETF	-43.91%	12.59%
BMNZ Defiance Daily Target 2X Short BMNR ETF	20.89%	15.30%

Correlation

The correlation between TTXD and BMNZ is 0.51, 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 Nov 13, 2025	0.51

Return for Risk

TTXD vs. BMNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) and Defiance Daily Target 2X Short BMNR ETF (BMNZ). 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.

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

Drawdowns

TTXD vs. BMNZ - Drawdown Comparison

The maximum TTXD drawdown since its inception was -67.61%, roughly equal to the maximum BMNZ drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for TTXD and BMNZ.

Drawdown Indicators

	TTXD	BMNZ	Difference
Max Drawdown Largest peak-to-trough decline	-67.61%	-70.80%	+3.19%
Current Drawdown Current decline from peak	-63.30%	-32.32%	-30.98%
Average Drawdown Average peak-to-trough decline	-19.60%	-50.40%	+30.80%

Volatility

Volatility by Period

	TTXD	BMNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	63.50%	186.00%	-122.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.50%	186.00%	-122.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.50%	186.00%	-122.50%

Dividends

TTXD vs. BMNZ - Dividend Comparison

TTXD's dividend yield for the trailing twelve months is around 3.50%, while BMNZ has not paid dividends to shareholders.

Position	TTM	2025
BMNZ Defiance Daily Target 2X Short BMNR ETF	0.00%	0.00%
TTXD Direxion Daily Technology Top 5 Bear 2X ETF	3.50%	0.79%

Frequently Asked Questions

Can I hold both TTXD and BMNZ in my portfolio?

TTXD and BMNZ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, TTXD or BMNZ?

TTXD has the higher dividend yield at 3.50%, compared with 0.00% for BMNZ.

What is the main difference between TTXD and BMNZ?

They also come from different issuers: Direxion and Defiance.