TSMX vs VOO
Direxion Daily TSM Bull 2X ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. TSMX delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TSMX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.03% | |
| AUM | $587M | $979.0B | |
| Dividend Yield | 3.95% | 1.09% | |
| Holdings | 10 | 509 | |
| YTD Return | +44.53% | +13.79% | |
| 1Y Return | +132.64% | +23.01% | |
| 3Y Return (annualized) | - | +21.78% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 72.7% | 14.1% | |
| Max Drawdown | -63.8% | -34.3% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 3, 2024 | Sep 7, 2010 |
TSMX vs VOO Performance
Direxion Daily TSM Bull 2X ETF (TSMX) is a ETF from Direxion Shares ETF Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TSMX returned +132.64% while VOO returned +23.01%. Year to date, TSMX is up 44.53% versus a gain of 13.79% for VOO.
Risk: Volatility and Drawdowns
TSMX has been the more volatile fund, with annualized monthly volatility of 72.7% 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 -63.8% for TSMX and -34.3% for VOO. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TSMX charges 0.99% per year while VOO charges 0.03%. On a $10,000 position that is $99 vs $3 annually, a gap of $96 per year that compounds over a long holding period. On income, TSMX currently yields 3.95% against 1.09% for VOO.
Holdings Overlap
TSMX and VOO share 0 holdings out of 509 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, TSMX or VOO?
TSMX has an expense ratio of 0.99% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, TSMX or VOO?
Over the past year TSMX returned +132.64% vs +23.01% for VOO, so TSMX leads on 1-year performance. Over the longest common window we track (2 years), TSMX annualized +91.09% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, TSMX or VOO?
TSMX has been the more volatile fund at 72.7% annualized versus 14.1% for VOO. Worst drawdown: TSMX -63.8% vs VOO -34.3%.
Should I hold both TSMX and VOO?
TSMX and VOO have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TSMX and VOO?
TSMX and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, TSMX or VOO?
TSMX yields 3.95% while VOO yields 1.09%, so TSMX currently pays the higher dividend yield.
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