UFOX vs. TSXU

Last updated Jun 24, 2026

UFOX (Defiance Connective Technologies ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - UFOX is a Technology Equities fund tracking the BlueStar Connective Technologies Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. UFOX charges 0.30%/yr vs 1.05%/yr for TSXU.

Performance

UFOX vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Connective Technologies ETF (UFOX) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFOX achieves a 42.92% return, which is significantly lower than TSXU's 113.38% return.

UFOX

• 1D: -3.21%
• 1M: -8.35%
• YTD: 42.92%
• 6M: 40.39%
• 1Y: 82.24%
• 3Y*: 42.75%
• 5Y*: 20.74%
• 10Y*: —

TSXU

• 1D: -13.73%
• 1M: 19.65%
• YTD: 113.38%
• 6M: 118.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UFOX vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
UFOX Defiance Connective Technologies ETF	42.92%	3.66%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	113.38%	37.96%

Correlation

The correlation between UFOX and TSXU 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

Return for Risk

UFOX vs. TSXU — Risk / Return Rank

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

UFOX

UFOX Risk / Return Rank: 89
UFOX Sharpe Ratio Rank: 91
UFOX Sortino Ratio Rank: 84
UFOX Omega Ratio Rank: 83
UFOX Calmar Ratio Rank: 92
UFOX Martin Ratio Rank: 93

TSXU

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

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.

UFOX vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Connective Technologies ETF (UFOX) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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.

	UFOX	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	2.93	—	—
Sortino ratio: Return per unit of downside risk	3.49	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	5.78	—	—
Martin ratio: Return relative to average drawdown	22.15	—	—

Drawdowns

UFOX vs. TSXU - Drawdown Comparison

The maximum UFOX drawdown since its inception was -33.90%, roughly equal to the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for UFOX and TSXU.

Drawdown Indicators

	UFOX	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-33.90%	-35.62%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	-14.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	—	—
Current Drawdown Current decline from peak	-14.31%	-13.73%	-0.58%
Average Drawdown Average peak-to-trough decline	-9.03%	-10.67%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	—	—

Volatility

Volatility by Period

	UFOX	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.22%	89.70%	-61.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.17%	89.70%	-64.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	89.70%	-64.18%

UFOX vs. TSXU - Expense Ratio Comparison

UFOX has a 0.30% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

UFOX vs. TSXU - Dividend Comparison

UFOX's dividend yield for the trailing twelve months is around 0.41%, less than TSXU's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.36%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UFOX Defiance Connective Technologies ETF	0.41%	0.56%	0.79%	1.40%	1.63%	1.17%	0.99%	0.75%

Frequently Asked Questions

Can I hold both UFOX and TSXU in my portfolio?

UFOX and TSXU 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.

Which ETF is better, UFOX or TSXU?

On fees, UFOX is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UFOX or TSXU?

UFOX is cheaper with a 0.30% expense ratio, compared with 1.05% for TSXU.

Which ETF pays a higher dividend yield, UFOX or TSXU?

TSXU has the higher dividend yield at 1.36%, compared with 0.41% for UFOX.

What is the main difference between UFOX and TSXU?

UFOX is categorized as Technology Equities, while TSXU is Leveraged Equities. UFOX tracks BlueStar Connective Technologies Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: Defiance and Direxion. Their fees differ too: 0.30% for UFOX and 1.05% for TSXU.