TXNU vs. TSMG

Last updated Jun 30, 2026

TXNU (Direxion Daily TXN Bull 2X ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent.

Performance

TXNU vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TXN Bull 2X ETF (TXNU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TXNU

• 1D: 0.02%
• 1M: -16.82%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 10.60%
• 1M: 13.80%
• YTD: 95.13%
• 6M: 99.24%
• 1Y: 214.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXNU vs. TSMG - Yearly Performance Comparison

	2026 (YTD)
TXNU Direxion Daily TXN Bull 2X ETF	89.29%
TSMG Leverage Shares 2X Long TSM Daily ETF	61.29%

Correlation

The correlation between TXNU and TSMG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.41

Return for Risk

TXNU vs. TSMG — Risk / Return Rank

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

TXNU

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

TSMG

TSMG Risk / Return Rank: 86
TSMG Sharpe Ratio Rank: 93
TSMG Sortino Ratio Rank: 78
TSMG Omega Ratio Rank: 72
TSMG Calmar Ratio Rank: 94
TSMG Martin Ratio Rank: 92

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.

TXNU vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TXN Bull 2X ETF (TXNU) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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.

	TXNU	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	—	2.80	—
Sortino ratio: Return per unit of downside risk	—	2.98	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	6.11	—
Martin ratio: Return relative to average drawdown	—	19.32	—

Drawdowns

TXNU vs. TSMG - Drawdown Comparison

The maximum TXNU drawdown since its inception was -27.80%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for TXNU and TSMG.

Drawdown Indicators

	TXNU	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-27.80%	-63.67%	+35.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-27.78%	-6.42%	-21.36%
Average Drawdown Average peak-to-trough decline	-6.63%	-16.59%	+9.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.13%	—

Volatility

Volatility by Period

	TXNU	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	34.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	61.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	120.04%	77.10%	+42.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.04%	83.24%	+36.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.04%	83.24%	+36.80%

Dividends

TXNU vs. TSMG - Dividend Comparison

TXNU's dividend yield for the trailing twelve months is around 0.35%, less than TSMG's 5.89% yield.

Position	TTM	2025
TSMG Leverage Shares 2X Long TSM Daily ETF	5.89%	11.48%
TXNU Direxion Daily TXN Bull 2X ETF	0.35%	0.00%

Frequently Asked Questions

Can I hold both TXNU and TSMG in my portfolio?

TXNU and TSMG have a correlation of 0.41, 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, TXNU or TSMG?

TSMG has the higher dividend yield at 5.89%, compared with 0.35% for TXNU.

What is the main difference between TXNU and TSMG?

They also come from different issuers: Direxion and Leverage Shares.