USD vs. TSMX
USD (ProShares Ultra Semiconductors) and TSMX (Direxion Daily TSM Bull 2X ETF) are both Leveraged Equities funds. USD is passively managed, while TSMX is actively managed. Over the past year, USD returned 98.72% vs 131.66% for TSMX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. USD charges 0.95%/yr vs 0.99%/yr for TSMX.
Performance
USD vs. TSMX - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 55.27% return, which is significantly higher than TSMX's 50.37% return.
USD
- 1D
- 3.34%
- 1M
- -7.07%
- 6M
- 41.04%
- YTD
- 55.27%
- 1Y
- 98.72%
- 3Y*
- 95.45%
- 5Y*
- 54.39%
- 10Y*
- 53.94%
- ALL TIME*
- 28.27%
TSMX
- 1D
- 1.05%
- 1M
- -14.67%
- 6M
- 21.58%
- YTD
- 50.37%
- 1Y
- 131.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 88.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $50.82M | $68.89M | $82.47M | |
| $71.31M | $70.59M | $96.20M |
USD vs. TSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USD ProShares Ultra Semiconductors | 55.27% | 62.08% | 12.92% |
TSMX Direxion Daily TSM Bull 2X ETF | 50.37% | 81.48% | 16.84% |
Correlation
The correlation between USD and TSMX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.74 |
The correlation between USD and TSMX has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.
USD vs. TSMX - Sectors Allocation Comparison
Sectors
USD
TSMX
Technology
Financial Services
-
Energy
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
USD
TSMX
Financial Services
USD
TSMX
-
Energy
USD
TSMX
-
Basic Materials
USD
-
TSMX
-
Communication Services
USD
-
TSMX
-
Consumer Cyclical
USD
-
TSMX
-
Consumer Defensive
USD
-
TSMX
-
Healthcare
USD
-
TSMX
-
Industrials
USD
-
TSMX
-
Real Estate
USD
-
TSMX
-
Utilities
USD
-
TSMX
-
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Return for Risk
USD vs. TSMX — Risk / Return Rank
USD
TSMX
USD vs. TSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and Direxion Daily TSM Bull 2X ETF (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.
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.
| USD | TSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 3.32 | -0.79 |
| Martin ratioReturn relative to average drawdown | 7.21 | 9.98 | -2.77 |
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Drawdowns
USD vs. TSMX - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for USD and TSMX.
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Drawdown Indicators
| USD | TSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -63.80% | -24.83% |
Max Drawdown (1Y)Largest decline over 1 year | -39.33% | -39.94% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | — | — |
Current DrawdownCurrent decline from peak | -28.27% | -29.67% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -15.98% | -16.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.74% | 13.24% | +0.50% |
Volatility
USD vs. TSMX - Volatility Comparison
ProShares Ultra Semiconductors (USD) and Direxion Daily TSM Bull 2X ETF (TSMX) have volatilities of 27.45% and 27.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | TSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.45% | 27.14% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 61.08% | 65.90% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.76% | 81.61% | -7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.77% | 84.03% | -5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.41% | 84.03% | -13.62% |
USD vs. TSMX - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is lower than TSMX's 0.99% expense ratio.
Dividends
USD vs. TSMX - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.37%, less than TSMX's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSMX Direxion Daily TSM Bull 2X ETF | 5.64% | 8.01% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.37% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
USD and TSMX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (27.45%) compared to TSMX (27.14%). In terms of maximum drawdown, USD dropped -88.63% vs TSMX's -63.80%.
On 1-year performance, TSMX leads with 131.66% vs 98.72% for USD. On fees, USD is cheaper at 0.95% per year. On volatility, TSMX has been the lower-risk option at 27.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSMX has performed better with a 131.66% return vs 98.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USD is cheaper with a 0.95% expense ratio, compared with 0.99% for TSMX.
TSMX has the higher dividend yield at 5.64%, compared with 0.37% for USD.
They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for USD and 0.99% for TSMX.
TSMX currently has the higher Sharpe Ratio (1.63 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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