TTXD vs. SVIX

Last updated Jul 21, 2026

TTXD (Direxion Daily Technology Top 5 Bear 2X ETF) and SVIX (-1x Short VIX Futures ETF) are both exchange-traded funds - TTXD is a Inverse Equities fund actively managed by Direxion, while SVIX is a Volatility fund tracking the Short VIX Futures Index. TTXD is actively managed, while SVIX is passively managed. At a correlation of -0.48, they often move in opposite directions.

Performance

TTXD vs. SVIX - 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 -1x Short VIX Futures ETF (SVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTXD achieves a -43.47% return, which is significantly lower than SVIX's -2.52% return.

TTXD

• 1D: -0.87%
• 1M: 10.36%
• 6M: -46.72%
• YTD: -43.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SVIX

• 1D: 1.55%
• 1M: 1.81%
• 6M: -2.48%
• YTD: -2.52%
• 1Y: 43.50%
• 3Y*: -6.81%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.33%

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

TTXD vs. SVIX - Yearly Performance Comparison

	2026 (YTD)	2025
TTXD Direxion Daily Technology Top 5 Bear 2X ETF	-43.47%	10.81%
SVIX -1x Short VIX Futures ETF	-2.52%	13.33%

Correlation

The correlation between TTXD and SVIX is -0.48, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	-0.48

Return for Risk

TTXD vs. SVIX — Risk / Return Rank

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

TTXD

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

SVIX

SVIX Risk / Return Rank: 30
SVIX Sharpe Ratio Rank: 29
SVIX Sortino Ratio Rank: 30
SVIX Omega Ratio Rank: 33
SVIX Calmar Ratio Rank: 27
SVIX Martin Ratio Rank: 28

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.

TTXD vs. SVIX - 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 -1x Short VIX Futures ETF (SVIX). 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	SVIX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.79	—
Sortino ratio: Return per unit of downside risk	—	1.30	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.02	—
Martin ratio: Return relative to average drawdown	—	2.91	—

Drawdowns

TTXD vs. SVIX - Drawdown Comparison

The maximum TTXD drawdown since its inception was -67.61%, smaller than the maximum SVIX drawdown of -79.30%. Use the drawdown chart below to compare losses from any high point for TTXD and SVIX.

Drawdown Indicators

	TTXD	SVIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.61%	-79.30%	+11.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-79.30%	—
Current Drawdown Current decline from peak	-63.01%	-53.44%	-9.57%
Average Drawdown Average peak-to-trough decline	-22.68%	-32.22%	+9.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.00%	—

Volatility

Volatility by Period

	TTXD	SVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.38%	55.77%	+6.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.38%	65.87%	-3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.38%	65.87%	-3.49%

Dividends

TTXD vs. SVIX - Dividend Comparison

TTXD's dividend yield for the trailing twelve months is around 3.48%, while SVIX has not paid dividends to shareholders.

Position	TTM	2025
SVIX -1x Short VIX Futures ETF	0.00%	0.00%
TTXD Direxion Daily Technology Top 5 Bear 2X ETF	3.48%	0.79%

Frequently Asked Questions

Can I hold both TTXD and SVIX in my portfolio?

TTXD and SVIX have a correlation of -0.48, 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 SVIX?

TTXD has the higher dividend yield at 3.48%, compared with 0.00% for SVIX.

What is the main difference between TTXD and SVIX?

TTXD is categorized as Inverse Equities, while SVIX is Volatility. They also come from different issuers: Direxion and Volatility Shares.