URAA vs. TSMX

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Direxion Daily TSM Bull 2X Shares (TSMX).

URAA and TSMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URAA is a passively managed fund by Direxion that tracks the performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%). It was launched on Jun 25, 2024. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.

Performance

URAA vs. TSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Direxion Daily TSM Bull 2X Shares (TSMX). The values are adjusted to include any dividend payments, if applicable.

URAA vs. TSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	14.03%	88.33%	-21.30%
TSMX Direxion Daily TSM Bull 2X Shares	16.15%	81.48%	14.76%

Returns By Period

In the year-to-date period, URAA achieves a 14.03% return, which is significantly lower than TSMX's 16.15% return.

URAA

• 1D: 12.84%
• 1M: -23.94%
• YTD: 14.03%
• 6M: -8.51%
• 1Y: 221.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMX

• 1D: 13.81%
• 1M: -20.58%
• YTD: 16.15%
• 6M: 30.27%
• 1Y: 227.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URAA vs. TSMX - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than TSMX's 1.05% expense ratio.

URAA

Direxion Daily Uranium Industry Bull 2X Shares

TSMX

Direxion Daily TSM Bull 2X Shares

Return for Risk

URAA vs. TSMX — Risk / Return Rank

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

URAA

URAA Risk / Return Rank: 90
URAA Sharpe Ratio Rank: 95
URAA Sortino Ratio Rank: 92
URAA Omega Ratio Rank: 84
URAA Calmar Ratio Rank: 96
URAA Martin Ratio Rank: 84

TSMX

TSMX Risk / Return Rank: 96
TSMX Sharpe Ratio Rank: 97
TSMX Sortino Ratio Rank: 95
TSMX Omega Ratio Rank: 91
TSMX Calmar Ratio Rank: 98
TSMX Martin Ratio Rank: 97

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.

URAA vs. TSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Direxion Daily TSM Bull 2X Shares (TSMX). 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.

	URAA	TSMX	Difference
Sharpe ratio Return per unit of total volatility	2.36	2.95	-0.59
Sortino ratio Return per unit of downside risk	2.71	3.08	-0.37
Omega ratio Gain probability vs. loss probability	1.33	1.39	-0.05
Calmar ratio Return relative to maximum drawdown	4.42	6.59	-2.16
Martin ratio Return relative to average drawdown	9.74	20.50	-10.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URAA vs. TSMX - Sharpe Ratio Comparison

The current URAA Sharpe Ratio is 2.36, which is comparable to the TSMX Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of URAA and TSMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	URAA	TSMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.95	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.01	-0.67

Correlation

The correlation between URAA and TSMX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

URAA vs. TSMX - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 8.92%, more than TSMX's 7.11% yield.

	TTM	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	8.92%	9.14%	4.36%
TSMX Direxion Daily TSM Bull 2X Shares	7.11%	8.01%	0.53%

Drawdowns

URAA vs. TSMX - Drawdown Comparison

The maximum URAA drawdown since its inception was -67.45%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for URAA and TSMX.

Drawdown Indicators

	URAA	TSMX	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-63.80%	-3.65%
Max Drawdown (1Y) Largest decline over 1 year	-49.11%	-34.93%	-14.18%
Current Drawdown Current decline from peak	-42.58%	-25.94%	-16.64%
Average Drawdown Average peak-to-trough decline	-26.33%	-16.74%	-9.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.29%	11.22%	+11.07%

Volatility

URAA vs. TSMX - Volatility Comparison

Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 31.90% compared to Direxion Daily TSM Bull 2X Shares (TSMX) at 29.06%. This indicates that URAA's price experiences larger fluctuations and is considered to be riskier than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URAA	TSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.90%	29.06%	+2.84%
Volatility (6M) Calculated over the trailing 6-month period	73.88%	54.61%	+19.27%
Volatility (1Y) Calculated over the trailing 1-year period	94.42%	77.49%	+16.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.37%	81.26%	+7.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.37%	81.26%	+7.11%