TNA vs VYM
Direxion Daily Small Cap Bull 3X ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. TNA delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | TNA | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.04% | |
| AUM | $1.3B | $79.0B | |
| Dividend Yield | 0.28% | 2.86% | |
| Holdings | 12 | 568 | |
| YTD Return | +61.20% | +16.53% | |
| 1Y Return | +99.73% | +25.03% | |
| 3Y Return (annualized) | +28.41% | +18.54% | |
| 5Y Return (annualized) | -2.46% | +12.25% | |
| Volatility (annualized) | 60.6% | 14.6% | |
| Max Drawdown | -88.2% | -58.8% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 5, 2008 | Nov 10, 2006 |
TNA vs VYM Performance
Direxion Daily Small Cap Bull 3X ETF (TNA) is a ETF from Direxion Shares ETF Trust and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year TNA returned +99.73% while VYM returned +25.03%. Year to date, TNA is up 61.20% versus a gain of 16.53% for VYM.
Over three years, TNA compounded at +28.41% per year against +18.54% for VYM; over five years the annualized figures are -2.46% and +12.25% respectively. Across the full 18-year window we track, TNA has the edge at +10.90% annualized vs +7.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TNA has been the more volatile fund, with annualized monthly volatility of 60.6% compared with 14.6% for VYM. 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 -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TNA charges 1.05% per year while VYM charges 0.04%. On a $10,000 position that is $105 vs $4 annually, a gap of $101 per year that compounds over a long holding period. On income, TNA currently yields 0.28% against 2.86% for VYM.
Holdings Overlap
TNA and VYM share 0 holdings out of 563 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TNA or VYM?
TNA has an expense ratio of 1.05% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, TNA or VYM?
Over the past year TNA returned +99.73% vs +25.03% for VYM, so TNA leads on 1-year performance. Over the longest common window we track (18 years), TNA annualized +10.90% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, TNA or VYM?
TNA has been the more volatile fund at 60.6% annualized versus 14.6% for VYM. Worst drawdown: TNA -88.2% vs VYM -58.8%.
Should I hold both TNA and VYM?
TNA and VYM have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TNA and VYM?
TNA and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 563 unique securities.
Which pays a higher dividend, TNA or VYM?
TNA yields 0.28% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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