SPXU vs TSMZ
ProShares UltraPro Short S&P500 vs Direxion Daily TSM Bear 1X ETF
Which is better, SPXU or TSMZ?
SPXU has been ahead.
SPXU has a lower expense ratio. SPXU 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 | SPXU | TSMZ |
|---|---|---|
| Expense Ratio | 0.90%Best | 1.01% |
| AUM | $408M | $3M |
| Dividend Yield | 6.25% | 4.42% |
| Holdings | 19 | 14 |
| YTD Return | -29.33%Best | -32.28% |
| 1Y Return | -35.12%Best | -37.86% |
| 3Y Return (annualized) | -43.50% | - |
| 5Y Return (annualized) | -33.15% | - |
| Volatility (annualized) | 34.6% | 33.3%Best |
| Max Drawdown | -75.1%Tie | -75.1%Tie |
| $10,000 over 2 years | $3,823Best | $3,361 |
| Fund Family | ProShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Jun 23, 2009 | 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 14, 2026 (2 years).
SPXU 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.
SPXU vs TSMZ Performance
ProShares UltraPro Short S&P500 (SPXU) 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 SPXU returned -35.12% while TSMZ returned -37.86%. Year to date, SPXU is down 29.33% versus a loss of 32.28% for TSMZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXU has been the more volatile fund, with annualized monthly volatility of 34.6% compared with 33.3% for TSMZ. 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 -75.1% for SPXU 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 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPXU charges 0.90% per year while TSMZ charges 1.01%. On a $10,000 position that is $90 vs $101 annually, a gap of $11 per year that compounds over a long holding period. On income, SPXU currently yields 6.25% against 4.42% for TSMZ.
Holdings Overlap
We hold position weights for 1 holding in SPXU and 3 in TSMZ, totalling 90.7% 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 SPXU and 3 in TSMZ, against full books of 19 and 14.
You are not choosing between two funds in isolation.
Whichever of SPXU 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, SPXU or TSMZ?
SPXU has an expense ratio of 0.90% while TSMZ charges 1.01%. SPXU is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, SPXU or TSMZ?
Over the past year SPXU returned -35.12% vs -37.86% for TSMZ, so SPXU leads on 1-year performance. Over the longest common window we track (2 years), SPXU annualized -38.17% vs -42.03% for TSMZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXU or TSMZ?
SPXU has been the more volatile fund at 34.6% annualized versus 33.3% for TSMZ. Worst drawdown: SPXU -75.1% vs TSMZ -75.1%.
Should I hold both SPXU and TSMZ?
SPXU and TSMZ have a monthly-return correlation of 0.49, 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, SPXU or TSMZ?
SPXU yields 6.25% while TSMZ yields 4.42%, so SPXU currently pays the higher dividend yield.
Is TSMZ better than SPXU?
SPXU has a lower expense ratio. SPXU 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.