USD vs. TSMX
Compare and contrast key facts about ProShares Ultra Semiconductors (USD) and Direxion Daily TSM Bull 2X Shares (TSMX).
USD and TSMX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.
Performance
USD vs. TSMX - Performance Comparison
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USD vs. TSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USD ProShares Ultra Semiconductors | -8.58% | 62.08% | 8.79% |
TSMX Direxion Daily TSM Bull 2X Shares | 16.15% | 81.48% | 14.76% |
Returns By Period
In the year-to-date period, USD achieves a -8.58% return, which is significantly lower than TSMX's 16.15% return.
USD
- 1D
- 11.02%
- 1M
- -9.17%
- YTD
- -8.58%
- 6M
- -2.89%
- 1Y
- 138.91%
- 3Y*
- 88.40%
- 5Y*
- 43.45%
- 10Y*
- 50.02%
TSMX
- 1D
- 13.81%
- 1M
- -20.58%
- YTD
- 16.15%
- 6M
- 30.27%
- 1Y
- 227.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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USD vs. TSMX - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is lower than TSMX's 1.05% expense ratio.
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 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.
| USD | TSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 2.95 | -1.14 |
Sortino ratioReturn per unit of downside risk | 2.38 | 3.08 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 4.28 | 6.59 | -2.30 |
Martin ratioReturn relative to average drawdown | 11.82 | 20.50 | -8.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USD | TSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.95 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.01 | -0.60 |
Correlation
The correlation between USD and TSMX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USD vs. TSMX - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.50%, less than TSMX's 7.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.50% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
TSMX Direxion Daily TSM Bull 2X Shares | 7.11% | 8.01% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 | -31.80% | -34.93% | +3.13% |
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 | -24.29% | -25.94% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -32.60% | -16.74% | -15.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 11.22% | +0.30% |
Volatility
USD vs. TSMX - Volatility Comparison
The current volatility for ProShares Ultra Semiconductors (USD) is 21.84%, while Direxion Daily TSM Bull 2X Shares (TSMX) has a volatility of 29.06%. This indicates that USD experiences smaller price fluctuations and is considered to be less risky than TSMX based on this measure. 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 | 21.84% | 29.06% | -7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 48.69% | 54.61% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.02% | 77.49% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.28% | 81.26% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.85% | 81.26% | -12.41% |