TSMZ vs VOO
Direxion Daily TSM Bear 1X ETF vs Vanguard S&P 500 ETF
Which is better, TSMZ or VOO?
Opposite sides of the same exposure.
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two move opposite each other, correlation -0.52, 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 | TSMZ | VOO |
|---|---|---|
| Expense Ratio | 1.01% | 0.03%Best |
| AUM | $3M | $997.4B |
| Dividend Yield | 4.50% | 1.04% |
| Holdings | 7 | 509 |
| YTD Return | -31.60% | +11.55%Best |
| 1Y Return | -45.64% | +17.54%Best |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 33.1% | 12.9%Best |
| Max Drawdown | -74.0% | -18.7%Best |
| $10,000 over 1.9 years | $3,409 | $13,561Best |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Oct 3, 2024 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 3, 2024 to Sep 10, 2026 (1.9 years).
TSMZ 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 1.9 years both funds cover.
TSMZ vs VOO Performance
Direxion Daily TSM Bear 1X ETF (TSMZ) 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 TSMZ returned -45.64% while VOO returned +17.54%. Year to date, TSMZ is down 31.60% versus a gain of 11.55% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSMZ has been the more volatile fund, with annualized monthly volatility of 33.1% compared with 12.9% 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 -18.7% 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 -0.52. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
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 4.50% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 3 holdings in TSMZ and 505 in VOO, totalling 110.2% and 99.9% 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 3 positions we hold weights for in TSMZ and 505 in VOO, against full books of 7 and 509.
You are not choosing between two funds in isolation.
Whichever of TSMZ 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, TSMZ or VOO?
TSMZ has an expense ratio of 1.01% while VOO charges 0.03%. VOO is the cheaper option, by $98 a year on a $10,000 investment.
Which performed better, TSMZ or VOO?
Over the past year TSMZ returned -45.64% vs +17.54% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), TSMZ annualized -43.24% vs +17.39% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TSMZ or VOO?
TSMZ has been the more volatile fund at 33.1% annualized versus 12.9% for VOO. Worst drawdown: TSMZ -74.0% vs VOO -18.7%.
Should I hold both TSMZ and VOO?
TSMZ and VOO have a monthly-return correlation of -0.52, 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, TSMZ or VOO?
TSMZ yields 4.50% while VOO yields 1.04%, so TSMZ currently pays the higher dividend yield.
Is VOO better than TSMZ?
VOO has a lower expense ratio. VOO led over 1Y and the full window. The two move opposite each other, correlation -0.52, 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.