TSMZ vs VOO
Direxion Daily TSM Bear 1X ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | TSMZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.03% | |
| AUM | $3M | $997.4B | |
| Dividend Yield | 4.38% | 1.08% | |
| Holdings | 7 | 509 | |
| YTD Return | -29.59% | +12.25% | |
| 1Y Return | -51.00% | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 33.9% | 14.1% | |
| Max Drawdown | -74.0% | -34.3% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 3, 2024 | Sep 7, 2010 |
TSMZ vs VOO Performance
Direxion Daily TSM Bear 1X ETF (TSMZ) 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 TSMZ returned -51.00% while VOO returned +20.92%. Year to date, TSMZ is down 29.59% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
TSMZ has been the more volatile fund, with annualized monthly volatility of 33.9% 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 -74.0% for TSMZ 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 -0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TSMZ charges 1.01% per year while VOO charges 0.03%. On a $10,000 position that is $101 vs $3 annually, a gap of $98 per year that compounds over a long holding period. On income, TSMZ currently yields 4.38% against 1.08% for VOO.
Holdings Overlap
TSMZ and VOO share 0 holdings out of 508 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, TSMZ or VOO?
TSMZ has an expense ratio of 1.01% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, TSMZ or VOO?
Over the past year TSMZ returned -51.00% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), TSMZ annualized -43.34% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, TSMZ or VOO?
TSMZ has been the more volatile fund at 33.9% annualized versus 14.1% for VOO. Worst drawdown: TSMZ -74.0% vs VOO -34.3%.
Should I hold both TSMZ and VOO?
TSMZ and VOO have a monthly-return correlation of -0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TSMZ and VOO?
TSMZ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, TSMZ or VOO?
TSMZ yields 4.38% while VOO yields 1.08%, so TSMZ currently pays the higher dividend yield.
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