MUD vs TSMX
Direxion Daily MU Bear 1X ETF vs Direxion Daily TSM Bull 2X ETF
Which is better, MUD or TSMX?
Opposite sides of the same exposure.
TSMX has a lower expense ratio. TSMX led over 1Y and the full window. The two move opposite each other, correlation -0.63, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MUD | TSMX |
|---|---|---|
| Expense Ratio | 1.02% | 0.99%Best |
| AUM | $30M | $584M |
| Dividend Yield | 13.54% | 5.49% |
| Holdings | 16 | 18 |
| YTD Return | -80.92% | +58.34%Best |
| 1Y Return | -89.30% | +68.22%Best |
| Volatility (annualized) | 66.0%Best | 70.6% |
| Max Drawdown | -97.1% | -63.8%Best |
| $10,000 over 2 years | $439 | $33,724Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Oct 10, 2024 | Oct 3, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 10, 2024 to Oct 12, 2026 (2 years).
MUD vs TSMX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
MUD vs TSMX Performance
Direxion Daily MU Bear 1X ETF (MUD) is an ETF from Direxion Shares ETF Trust and Direxion Daily TSM Bull 2X ETF (TSMX) is an ETF from Direxion Shares ETF Trust. Over the past year MUD returned -89.30% while TSMX returned +68.22%. Year to date, MUD is down 80.92% versus a gain of 58.34% for TSMX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSMX has been the more volatile fund, with annualized monthly volatility of 70.6% compared with 66.0% for MUD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -97.1% for MUD and -63.8% for TSMX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.63. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
MUD charges 1.02% per year while TSMX charges 0.99%. On a $10,000 position that is $102 vs $99 annually, a gap of $3 per year that compounds over a long holding period. On income, MUD currently yields 13.54% against 5.49% for TSMX.
Holdings Overlap
We hold position weights for 3 holdings in MUD and 4 in TSMX, totalling 92.0% and 106.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 3 positions we hold weights for in MUD and 4 in TSMX, against full books of 16 and 18.
You are not choosing between two funds in isolation.
Whichever of MUD and TSMX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MUD or TSMX?
MUD has an expense ratio of 1.02% while TSMX charges 0.99%. TSMX is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, MUD or TSMX?
Over the past year MUD returned -89.30% vs +68.22% for TSMX, so TSMX leads on 1-year performance. Over the longest common window we track (2 years), MUD annualized -79.04% vs +83.64% for TSMX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MUD or TSMX?
TSMX has been the more volatile fund at 70.6% annualized versus 66.0% for MUD. Worst drawdown: MUD -97.1% vs TSMX -63.8%.
Should I hold both MUD and TSMX?
MUD and TSMX have a monthly-return correlation of -0.63, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, MUD or TSMX?
MUD yields 13.54% while TSMX yields 5.49%, so MUD currently pays the higher dividend yield.
Is TSMX better than MUD?
TSMX has a lower expense ratio. TSMX led over 1Y and the full window. The two move opposite each other, correlation -0.63, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.