SDS vs TSMZ
ProShares UltraShort S&P500 vs Direxion Daily TSM Bear 1X ETF
Which is better, SDS or TSMZ?
SDS has been ahead.
SDS has a lower expense ratio. SDS led over 1Y and the full window.
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 | SDS | TSMZ |
|---|---|---|
| Expense Ratio | 0.91%Best | 1.01% |
| AUM | $348M | $3M |
| Dividend Yield | 5.19% | 4.42% |
| Holdings | 20 | 14 |
| YTD Return | -19.57%Best | -30.94% |
| 1Y Return | -22.96%Best | -34.62% |
| 3Y Return (annualized) | -29.85% | - |
| 5Y Return (annualized) | -20.71% | - |
| Volatility (annualized) | 23.1%Best | 33.6% |
| Max Drawdown | -58.4%Best | -75.1% |
| $10,000 over 2 years | $5,522Best | $3,432 |
| Fund Family | ProShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Jul 11, 2006 | Oct 3, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 3, 2024 to Oct 15, 2026 (2 years).
SDS vs TSMZ 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 2 years both funds cover.
SDS vs TSMZ Performance
ProShares UltraShort S&P500 (SDS) is an ETF from ProShares and Direxion Daily TSM Bear 1X ETF (TSMZ) is an ETF from Direxion Shares ETF Trust. Over the past year SDS returned -22.96% while TSMZ returned -34.62%. Year to date, SDS is down 19.57% versus a loss of 30.94% for TSMZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSMZ has been the more volatile fund, with annualized monthly volatility of 33.6% compared with 23.1% for SDS. 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 -58.4% for SDS and -75.1% for TSMZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SDS charges 0.91% per year while TSMZ charges 1.01%. On a $10,000 position that is $91 vs $101 annually, a gap of $10 per year that compounds over a long holding period. On income, SDS currently yields 5.19% against 4.42% for TSMZ.
Holdings Overlap
We hold position weights for 1 holding in SDS and 3 in TSMZ, totalling 93.5% and 122.4% 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 1 positions we hold weights for in SDS and 3 in TSMZ, against full books of 20 and 14.
You are not choosing between two funds in isolation.
Whichever of SDS and TSMZ 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, SDS or TSMZ?
SDS has an expense ratio of 0.91% while TSMZ charges 1.01%. SDS is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, SDS or TSMZ?
Over the past year SDS returned -22.96% vs -34.62% for TSMZ, so SDS leads on 1-year performance. Over the longest common window we track (2 years), SDS annualized -25.69% vs -41.42% for TSMZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SDS or TSMZ?
TSMZ has been the more volatile fund at 33.6% annualized versus 23.1% for SDS. Worst drawdown: SDS -58.4% vs TSMZ -75.1%.
Should I hold both SDS and TSMZ?
SDS and TSMZ have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SDS or TSMZ?
SDS yields 5.19% while TSMZ yields 4.42%, so SDS currently pays the higher dividend yield.
Is TSMZ better than SDS?
SDS has a lower expense ratio. SDS led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.