YNOT vs. TSXU

Last updated Jun 4, 2026

YNOT (Horizon Digital Frontier ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - YNOT is a Technology Equities fund actively managed by Horizon, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). YNOT is actively managed, while TSXU is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. YNOT charges 0.75%/yr vs 1.05%/yr for TSXU.

Performance

YNOT vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Digital Frontier ETF (YNOT) 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, YNOT achieves a 21.63% return, which is significantly lower than TSXU's 141.91% return.

YNOT

• 1D: -1.88%
• 1M: 8.38%
• YTD: 21.63%
• 6M: 20.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

YNOT vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	21.63%	-1.82%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between YNOT and TSXU is 0.86, 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	0.86

Return for Risk

YNOT vs. TSXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	YNOT	TSXU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	4.53	-2.76

Drawdowns

YNOT vs. TSXU - Drawdown Comparison

The maximum YNOT drawdown since its inception was -16.73%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for YNOT and TSXU.

Drawdown Indicators

	YNOT	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-35.62%	+18.89%
Current Drawdown Current decline from peak	-1.88%	-0.92%	-0.96%
Average Drawdown Average peak-to-trough decline	-3.74%	-10.56%	+6.82%

Volatility

Volatility by Period

	YNOT	TSXU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.11%	78.68%	-55.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.11%	78.68%	-55.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	78.68%	-55.57%

YNOT vs. TSXU - Expense Ratio Comparison

YNOT has a 0.75% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

YNOT vs. TSXU - Dividend Comparison

YNOT has not paid dividends to shareholders, while TSXU's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and TSXU in my portfolio?

YNOT and TSXU have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YNOT or TSXU?

On fees, YNOT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YNOT or TSXU?

YNOT is cheaper with a 0.75% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.20%, compared with 0.00% for YNOT.

What is the main difference between YNOT and TSXU?

YNOT is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Horizon and Direxion. Their fees differ too: 0.75% for YNOT and 1.05% for TSXU.