TBXU vs DESK

Comparison between Trust Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU, ETF) and VANECK OFFICE AND COMMERCIAL REIT ETF (DESK, ETF).

TBXU vs DESK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TBXU(ETF)	DESK(ETF)
Net Assets	$2.90M	$3M
Expense Ratio	N/A	0.51%
Max Drawdown	26.77%	32.63%
Sharpe Ratio	0.58	0.20
5Y Beta	1.11	0.80
P/E Ratio	N/A	84.59
Forward P/E	N/A	26.53
5Y EPS CAGR	N/A	0.71%
Debt to Equity	N/A	91.95%
P/S Ratio	N/A	4.11
P/B Ratio	N/A	1.29

Net Assets

TBXU

$2.90M

Winner

DESK

$3M

Expense Ratio

TBXU

N/A

DESK

0.51%

Max Drawdown

Winner

TBXU

26.77%

DESK

32.63%

Sharpe Ratio

Winner

TBXU

0.58

DESK

0.20

5Y Beta

TBXU

1.11

Winner

DESK

0.80

P/E Ratio

TBXU

N/A

DESK

84.59

Forward P/E

TBXU

N/A

DESK

26.53

5Y EPS CAGR

TBXU

N/A

DESK

0.71%

Debt to Equity

TBXU

N/A

DESK

91.95%

P/S Ratio

TBXU

N/A

DESK

4.11

P/B Ratio

TBXU

N/A

DESK

1.29

TBXU vs DESK - Holdings Comparison

TBXU and DESK have 0 common holdings. Overlap is 0.00%

TBXU's top 25 holdings weight is 42.64%. DESK's top 25 holdings weight is 100.18%.

Rank	TBXU	DESK
#1	ARGENX SE ADR (ARGX) - 11.12%	VORNADO REALTY TRUST (VNO) - 10.94%
#2	VERTEX PHARMACEUTICALS INC (VRTX) - 8.36%	COUSINS PROPERTIES INC (CUZ) - 10.38%
#3	AMGEN INC (AMGN) - 8.28%	BXP INC (BXP) - 10.26%
#4	GILEAD SCIENCES INC (GILD) - 7.61%	COPT DEFENSE PROPERTIES (CDP) - 8.09%
#5	REGENERON PHARMACEUTICALS INC (REGN) - 7.27%	SL GREEN REALTY CORP (SLG) - 8.04%
#6	N/A	KILROY REALTY CORP (KRC) - 4.80%
#7	N/A	HIGHWOODS PROPERTIES INC (HIW) - 4.78%
#8	N/A	DOUGLAS EMMETT INC (DEI) - 4.63%
#9	N/A	PROLOGIS INC (PLD) - 3.88%
#10	N/A	SIMON PROPERTY GROUP INC (SPG) - 3.87%
#11	N/A	PIEDMONT REALTY TRUST INC CLASS A (PDM) - 3.60%
#12	N/A	REALTY INCOME CORP (O) - 3.42%
#13	N/A	EASTERLY GOVERNMENT PROPERTIES INC (DEA) - 3.34%
#14	N/A	AMERICAN ASSETS TRUST INC (AAT) - 2.68%
#15	N/A	EMPIRE STATE REALTY TRUST INC CLASS A (ESRT) - 2.55%
#16	N/A	ALEXANDER'S INC (ALX) - 2.16%
#17	N/A	JBG SMITH PROPERTIES (JBGS) - 2.05%
#18	N/A	W.P. CAREY INC (WPC) - 1.95%
#19	N/A	HUDSON PACIFIC PROPERTIES INC (HPP) - 1.90%
#20	N/A	KIMCO REALTY CORP (KIM) - 1.61%
#21	N/A	BRANDYWINE REALTY TRUST (BDN) - 1.52%
#22	N/A	BRIXMOR PROPERTY GROUP INC (BRX) - 1.08%
#23	N/A	REGENCY CENTERS CORP (REG) - 1.08%
#24	N/A	AGREE REALTY CORP (ADC) - 0.87%
#25	N/A	REXFORD INDUSTRIAL REALTY INC (REXR) - 0.70%
Total Holdings	5	26

TBXU vs DESK - Historical Returns

Returns include dividend reinvestment.

Period	TBXU	DESK
1 month	-3.11%	+10.78%
3 months	-8.24%	+24.80%
6 months	+0.09%	+12.06%
1 year	N/A	+5.06%
Max(CAGR)	+20.94%	+13.58%

TBXU

-3.11%

Winner

DESK

+10.78%

TBXU

-8.24%

Winner

DESK

+24.80%

TBXU

+0.09%

Winner

DESK

+12.06%

TBXU

N/A

DESK

+5.06%

Max(CAGR)

Winner

TBXU

+20.94%

DESK

+13.58%

TBXU vs DESK - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	TBXU	DESK
2026	-2.94%	+14.03%
2025	+18.20%	-10.21%
2024	N/A	+14.33%
2023	N/A	+18.91%

TBXU vs DESK Drawdown Comparison

The maximum drawdown for TBXU was -26.53%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for DESK was -28.65%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The current TBXU drawdown is -19.00%. The current DESK drawdown is -6.33%.

Rank	TBXU	DESK
#1	-26.53% Feb 13, 2026 - Jun 2, 2026	-28.65% Oct 18, 2024 - Mar 27, 2026
#2	-13.84% Dec 3, 2025 - Jan 26, 2026	-14.58% Dec 14, 2023 - Jul 16, 2024
#3	-5.71% Feb 6, 2026 - Feb 13, 2026	-11.95% Sep 21, 2023 - Nov 29, 2023
#4	-4.18% Oct 20, 2025 - Oct 28, 2025	-6.56% Jul 30, 2024 - Aug 21, 2024
#5	-4.06% Nov 26, 2025 - Dec 3, 2025	-2.65% Jul 16, 2024 - Jul 23, 2024
#6	-3.93% Oct 31, 2025 - Nov 5, 2025	-2.61% Sep 24, 2024 - Oct 14, 2024
#7	-3.67% Jan 27, 2026 - Feb 4, 2026	-2.12% Aug 30, 2024 - Sep 12, 2024
#8	-3.25% Nov 18, 2025 - Nov 25, 2025	-2.09% Jul 23, 2024 - Jul 26, 2024
#9	-2.18% Oct 7, 2025 - Oct 14, 2025	-1.77% Dec 4, 2023 - Dec 7, 2023
#10	-2.11% Oct 28, 2025 - Oct 31, 2025	-1.73% Dec 7, 2023 - Dec 13, 2023
#11	-1.45% Feb 4, 2026 - Feb 6, 2026	-1.26% Sep 19, 2024 - Sep 24, 2024
#12	-1.34% Oct 2, 2025 - Oct 7, 2025	-0.50% Sep 16, 2024 - Sep 18, 2024
#13	-0.69% Nov 6, 2025 - Nov 10, 2025	-0.41% Aug 27, 2024 - Aug 30, 2024
#14	-0.25% Nov 13, 2025 - Nov 17, 2025	-0.40% Aug 21, 2024 - Aug 23, 2024
#15	N/A	-0.13% Nov 29, 2023 - Dec 1, 2023

Correlation

Correlation between TBXU and DESK is -0.46 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.46

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