XLK vs. TSXU

Last updated Jun 4, 2026

XLK (State Street Technology Select Sector SPDR ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. XLK charges 0.08%/yr vs 1.05%/yr for TSXU.

Performance

XLK vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR ETF (XLK) 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, XLK achieves a 36.47% return, which is significantly lower than TSXU's 141.91% return.

XLK

• 1D: -1.00%
• 1M: 21.09%
• YTD: 36.47%
• 6M: 35.71%
• 1Y: 66.93%
• 3Y*: 33.90%
• 5Y*: 23.83%
• 10Y*: 25.84%

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)

XLK vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
XLK State Street Technology Select Sector SPDR ETF	36.47%	1.32%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between XLK and TSXU is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.85

Return for Risk

XLK vs. TSXU — Risk / Return Rank

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

XLK

XLK Risk / Return Rank: 83
XLK Sharpe Ratio Rank: 91
XLK Sortino Ratio Rank: 85
XLK Omega Ratio Rank: 83
XLK Calmar Ratio Rank: 80
XLK Martin Ratio Rank: 73

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.

XLK vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) 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.

	XLK	TSXU	Difference
Sharpe ratio Return per unit of total volatility	3.24	—	—
Sortino ratio Return per unit of downside risk	3.92	—	—
Omega ratio Gain probability vs. loss probability	1.52	—	—
Calmar ratio Return relative to maximum drawdown	4.22	—	—
Martin ratio Return relative to average drawdown	14.16	—	—
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

	XLK	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	4.53	-4.12

Drawdowns

XLK vs. TSXU - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for XLK and TSXU.

Drawdown Indicators

	XLK	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-82.05%	-35.62%	-46.43%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.56%	—	—
Current Drawdown Current decline from peak	-1.00%	-0.92%	-0.08%
Average Drawdown Average peak-to-trough decline	-34.96%	-10.56%	-24.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.74%	—	—

Volatility

Volatility by Period

	XLK	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.82%	78.68%	-57.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.90%	78.68%	-53.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.49%	78.68%	-54.19%

XLK vs. TSXU - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

XLK vs. TSXU - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.39%, 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%
XLK State Street Technology Select Sector SPDR ETF	0.39%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both XLK and TSXU in my portfolio?

XLK and TSXU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLK or TSXU?

On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLK or TSXU?

XLK is cheaper with a 0.08% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.20%, compared with 0.39% for XLK.

What is the main difference between XLK and TSXU?

XLK is categorized as Technology Equities, while TSXU is Leveraged Equities. XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: State Street and Direxion. Their fees differ too: 0.08% for XLK and 1.05% for TSXU.