TNA vs VOO
Direxion Daily Small Cap Bull 3X ETF vs Vanguard S&P 500 ETF
Which is better, TNA or VOO?
Trading-Leveraged Equity against Large Cap Blend.
VOO has a lower expense ratio. TNA led over 1Y and 3Y, VOO over 5Y and the full window.
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 | TNA | VOO |
|---|---|---|
| Expense Ratio | 1.05% | 0.03%Best |
| AUM | $1.2B | $997.4B |
| Dividend Yield | 0.31% | 1.04% |
| Holdings | 12 | 509 |
| YTD Return | +29.01%Best | +13.31% |
| 1Y Return | +30.45%Best | +17.07% |
| 3Y Return (annualized) | +29.05%Best | +22.72% |
| 5Y Return (annualized) | -6.87% | +13.19%Best |
| Volatility (annualized) | 58.1% | 14.1%Best |
| Max Drawdown | -88.2% | -34.3%Best |
| $10,000 over 5 years | $7,006 | $18,580Best |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Nov 5, 2008 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 23, 2026 (16 years).
TNA vs VOO 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 16 years both funds cover.
TNA vs VOO Performance
Direxion Daily Small Cap Bull 3X ETF (TNA) is an ETF from Direxion Shares ETF Trust and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TNA returned +30.45% while VOO returned +17.07%. Year to date, TNA is up 29.01% versus a gain of 13.31% for VOO.
Over three years, TNA compounded at +29.05% per year against +22.72% for VOO; over five years the annualized figures are -6.87% and +13.19% respectively. Across the full 16-year window we track, VOO has the edge at +13.43% annualized vs +12.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TNA has been the more volatile fund, with annualized monthly volatility of 58.1% compared with 14.1% for VOO. 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 -88.2% for TNA and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TNA charges 1.05% per year while VOO charges 0.03%. On a $10,000 position that is $105 vs $3 annually, a gap of $102 per year that compounds over a long holding period. On income, TNA currently yields 0.31% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 4 holdings in TNA and 494 in VOO, totalling 91.6% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 4 positions we hold weights for in TNA and 494 in VOO, against full books of 12 and 509.
You are not choosing between two funds in isolation.
Whichever of TNA and VOO 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, TNA or VOO?
TNA has an expense ratio of 1.05% while VOO charges 0.03%. VOO is the cheaper option, by $102 a year on a $10,000 investment.
Which performed better, TNA or VOO?
Over the past year TNA returned +30.45% vs +17.07% for VOO, so TNA leads on 1-year performance. Over the longest common window we track (16 years), TNA annualized +12.24% vs +13.43% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TNA or VOO?
TNA has been the more volatile fund at 58.1% annualized versus 14.1% for VOO. Worst drawdown: TNA -88.2% vs VOO -34.3%.
Should I hold both TNA and VOO?
TNA and VOO have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, TNA or VOO?
TNA yields 0.31% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than TNA?
VOO has a lower expense ratio. TNA led over 1Y and 3Y, VOO over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.