TSMZ vs VYM
Direxion Daily TSM Bear 1X ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | TSMZ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.04% | |
| AUM | $3M | $79.0B | |
| Dividend Yield | 5.08% | 2.86% | |
| Holdings | 7 | 568 | |
| YTD Return | -31.95% | +16.78% | |
| 1Y Return | -50.01% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 33.9% | 14.6% | |
| Max Drawdown | -74.0% | -58.8% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 3, 2024 | Nov 10, 2006 |
TSMZ vs VYM Performance
Direxion Daily TSM Bear 1X ETF (TSMZ) 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 TSMZ returned -50.01% while VYM returned +24.43%. Year to date, TSMZ is down 31.95% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
TSMZ has been the more volatile fund, with annualized monthly volatility of 33.9% 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 -74.0% for TSMZ 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 -0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TSMZ charges 1.01% per year while VYM charges 0.04%. On a $10,000 position that is $101 vs $4 annually, a gap of $97 per year that compounds over a long holding period. On income, TSMZ currently yields 5.08% against 2.86% for VYM.
Holdings Overlap
TSMZ and VYM share 0 holdings out of 561 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 VYM?
TSMZ has an expense ratio of 1.01% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, TSMZ or VYM?
Over the past year TSMZ returned -50.01% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), TSMZ annualized -44.70% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, TSMZ or VYM?
TSMZ has been the more volatile fund at 33.9% annualized versus 14.6% for VYM. Worst drawdown: TSMZ -74.0% vs VYM -58.8%.
Should I hold both TSMZ and VYM?
TSMZ and VYM have a monthly-return correlation of -0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TSMZ and VYM?
TSMZ and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, TSMZ or VYM?
TSMZ yields 5.08% while VYM yields 2.86%, so TSMZ currently pays the higher dividend yield.
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