VOX vs. TSXU

Last updated Jun 4, 2026

VOX (Vanguard Communication Services ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - VOX is a Technology Equities fund tracking the MSCI US Investable Market Telecommunication Services 25/50 Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. At a 0.45 correlation, their price movements are largely independent. VOX charges 0.10%/yr vs 1.05%/yr for TSXU.

Performance

VOX vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Communication Services ETF (VOX) 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, VOX achieves a -1.38% return, which is significantly lower than TSXU's 141.91% return.

VOX

• 1D: -0.84%
• 1M: -2.77%
• YTD: -1.38%
• 6M: 0.47%
• 1Y: 20.55%
• 3Y*: 24.02%
• 5Y*: 7.58%
• 10Y*: 9.30%

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VOX vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
VOX Vanguard Communication Services ETF	-1.38%	4.63%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between VOX and TSXU is 0.45, 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 Oct 2, 2025	0.45

Return for Risk

VOX vs. TSXU — Risk / Return Rank

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

VOX

VOX Risk / Return Rank: 35
VOX Sharpe Ratio Rank: 36
VOX Sortino Ratio Rank: 38
VOX Omega Ratio Rank: 35
VOX Calmar Ratio Rank: 30
VOX Martin Ratio Rank: 37

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.

VOX vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Communication Services ETF (VOX) 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.

	VOX	TSXU	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	2.00	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.52	—	—
Martin ratio: Return relative to average drawdown	5.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VOX	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	4.53	-4.10

Drawdowns

VOX vs. TSXU - Drawdown Comparison

The maximum VOX drawdown since its inception was -57.18%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for VOX and TSXU.

Drawdown Indicators

	VOX	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-35.62%	-21.56%
Max Drawdown (1Y) Largest decline over 1 year	-13.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.76%	—	—
Current Drawdown Current decline from peak	-4.70%	-0.92%	-3.78%
Average Drawdown Average peak-to-trough decline	-11.91%	-10.56%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	—	—

Volatility

Volatility by Period

	VOX	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	78.68%	-63.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.15%	78.68%	-57.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.89%	78.68%	-57.79%

VOX vs. TSXU - Expense Ratio Comparison

VOX has a 0.10% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

VOX vs. TSXU - Dividend Comparison

VOX's dividend yield for the trailing twelve months is around 1.00%, less than TSXU's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOX Vanguard Communication Services ETF	1.00%	0.95%	1.05%	1.03%	0.88%	0.93%	0.73%	0.90%	2.77%	3.83%	2.67%	3.55%

Frequently Asked Questions

Can I hold both VOX and TSXU in my portfolio?

VOX and TSXU have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOX or TSXU?

On fees, VOX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOX or TSXU?

VOX is cheaper with a 0.10% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.20%, compared with 1.00% for VOX.

What is the main difference between VOX and TSXU?

VOX is categorized as Technology Equities, while TSXU is Leveraged Equities. VOX tracks MSCI US Investable Market Telecommunication Services 25/50 Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: Vanguard and Direxion. Their fees differ too: 0.10% for VOX and 1.05% for TSXU.