Direxion Daily TSM Bull 2X Shares (TSMX) Performance
TSMX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +52.3% since Dec 31, 2025
- 1 year
- +61.0% total return
- Since first price
- +217.3% since 2024
TSMX trailing returns vs SPY, QQQ, AGG
| Period | TSMX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −14.1% | −14.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.1% | −4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.3% | +3.6% | +7.8% | +8.4% | −1.5% |
| YTD | +52.3% | +50.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +61.0% | +49.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 3, 2024 | +217.3% | +186.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TSMX vs SPY
From Oct 3, 2024: TSMX grew to $31,727, SPY to $13,693.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TSMX returns by calendar year
1 of 1 full years positive. Best 2025 (+81.5%), worst 2025 (+81.5%). 2026 is year to date.
TSMX annual returns table
| Year | TSMX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +52.3% | −39.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +81.5% | −63.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TSMX largest drawdowns
Now 28.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2025 | −63.8% | Apr 8, 2025 | Jul 17, 2025 | 2 months | 6 months |
| Jun 30, 2026 | −39.9% | Jul 29, 2026 | not yet | 29 days | 4 months so far |
| Feb 25, 2026 | −34.9% | Mar 30, 2026 | Apr 24, 2026 | 33 days | 58 days |
| Oct 17, 2024 | −24.5% | Nov 27, 2024 | Jan 6, 2025 | 41 days | 3 months |
| Oct 8, 2025 | −21.2% | Nov 21, 2025 | Jan 2, 2026 | 44 days | 3 months |
| Jun 2, 2026 | −17.2% | Jun 10, 2026 | Jun 18, 2026 | 8 days | 16 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TSMX risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +92.5% |
| Volatility (annualized) | 71.6% |
| Sharpe ratio | 1.22 |
| Sortino ratio | 2.33 |
| Best month | +44.7% |
| Worst month | −30.4% |
| Best 12 months | +356.4% |
| Worst 12 months | +81.5% |
| Positive months | 65% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TSMX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | +51.7% | +116.2% | +356.4% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
TSMX performance overview
Direxion Daily TSM Bull 2X Shares (TSMX) returned +61.0% over the past year, with distributions reinvested. Since its first recorded price on Oct 3, 2024 it has returned +217.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.8%, from Jan 23, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 71.6% a year.
Related: TSMX chart, TSMX dividends. See the TSMX overview for the latest quote and fund facts.
TSMX performance FAQ
What is the TSMX return over the past year?
TSMX returned +61.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 49.0%.
How much would $10,000 invested in TSMX be worth?
$10,000 invested in TSMX at its first recorded close on October 3, 2024 would be worth about $31,727 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of TSMX?
The largest peak-to-trough decline was −63.8% between January 23, 2025 and April 8, 2025. It recovered to the old high on July 17, 2025, 3 months after the bottom.
How volatile is TSMX?
Over the past history TSMX had an annualized volatility of 71.6% and a Sharpe ratio of 1.22 (excess return over 1–3 month T-bills per unit of risk).