TTXD vs. SH
TTXD (Direxion Daily Technology Top 5 Bear 2X ETF) and SH (ProShares Short S&P500) are both Inverse Equities funds. TTXD is actively managed, while SH is passively managed. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
TTXD vs. SH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TTXD achieves a -43.91% return, which is significantly lower than SH's -6.37% return.
TTXD
- 1D
- -1.93%
- 1M
- 1.52%
- YTD
- -43.91%
- 6M
- -42.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SH
- 1D
- -1.48%
- 1M
- 2.12%
- YTD
- -6.37%
- 6M
- -5.50%
- 1Y
- -13.30%
- 3Y*
- -11.55%
- 5Y*
- -8.43%
- 10Y*
- -12.68%
TTXD vs. SH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TTXD Direxion Daily Technology Top 5 Bear 2X ETF | -43.91% | 10.81% |
SH ProShares Short S&P500 | -6.37% | -1.21% |
Correlation
The correlation between TTXD and SH 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TTXD vs. SH — Risk / Return Rank
TTXD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SH
TTXD vs. SH - 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 ProShares Short S&P500 (SH). 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.
| TTXD | SH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.83 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.83 | — |
| Martin ratioReturn relative to average drawdown | — | -1.68 | — |
Loading charts...
Drawdowns
TTXD vs. SH - Drawdown Comparison
The maximum TTXD drawdown since its inception was -67.61%, smaller than the maximum SH drawdown of -94.66%. Use the drawdown chart below to compare losses from any high point for TTXD and SH.
Loading charts...
Drawdown Indicators
| TTXD | SH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.61% | -94.66% | +27.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.06% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.04% | — |
Current DrawdownCurrent decline from peak | -63.30% | -94.53% | +31.23% |
Average DrawdownAverage peak-to-trough decline | -19.60% | -67.80% | +48.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.14% | — |
Volatility
TTXD vs. SH - Volatility Comparison
Loading charts...
Volatility by Period
| TTXD | SH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 63.50% | 12.48% | +51.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.50% | 16.96% | +46.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.50% | 18.00% | +45.50% |
Dividends
TTXD vs. SH - Dividend Comparison
TTXD's dividend yield for the trailing twelve months is around 3.50%, less than SH's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SH ProShares Short S&P500 | 4.18% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
TTXD Direxion Daily Technology Top 5 Bear 2X ETF | 3.50% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TTXD and SH 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.
SH has the higher dividend yield at 4.18%, compared with 3.50% for TTXD.
They also come from different issuers: Direxion and ProShares.
Find the right allocation for TTXD and SH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer