Direxion Daily TSLA Bear 1X ETF (TSLS) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TSLS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TSLS
TSLS charges 0.95% annually. There are 7 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 230.47M | Jun 2016 | TSLS vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 35.32M | Mar 2024 | TSLS vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 2.94M | Nov 2017 | TSLS vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 46.76M | Nov 2021 | TSLS vs SARK | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | TSLS vs SKRE |
Best Risk-Adjusted Alternatives to TSLS
TSLS has a PortfoliosLab risk / return rank of 8. There are 16 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 61.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | 61 | 97.46M | Sep 2024 | TSLS vs MSTZ | |
| Direxion Daily NFLX Bear 1X Shares | 58 | 4.71M | Oct 2024 | TSLS vs NFXS | |
| Defiance Daily Target 2X Short MSTR ETF | 52 | 28.39M | Aug 2024 | TSLS vs SMST | |
| YieldMax Short COIN Option Income Strategy ETF | 45 | 36.86M | Jul 2024 | TSLS vs FIAT | |
| Direxion Daily META Bear 1X ETF | 32 | 11.16M | Jun 2024 | TSLS vs METD |
Top Performing TSLS Alternatives (YTD)
TSLS is at 33.30% YTD. There are 3 ETFs in the Inverse Equities category with higher YTD returns, going as high as 49.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Tradr 2X Short TSLA Daily ETF | 49.23% | 110.91M | Jul 2022 | TSLS vs TSLQ | |
| GraniteShares 2x Short TSLA Daily ETF | 47.87% | 33.39M | Aug 2023 | TSLS vs TSDD | |
| T-Rex 2X Inverse Tesla Daily Target ETF | 45.39% | 34.80M | Oct 2023 | TSLS vs TSLZ | |
| Direxion Daily PLTR Bear 1X Shares | 26.78% | 40.54M | Dec 2024 | TSLS vs PLTD | |
| YieldMax Short TSLA Option Income Strategy ETF | 26.66% | 17.13M | May 2024 | TSLS vs CRSH |
Lowest Volatility Alternatives to TSLS
TSLS has 46.81% 1-year volatility. There are 37 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | 12.25% | 2.34M | Dec 2024 | TSLS vs BRKD | |
| ProShares Short Dow30 | 12.59% | 100.13M | Jun 2006 | TSLS vs DOG | |
| ProShares Short S&P500 | 12.81% | 927.71M | Jun 2006 | TSLS vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.98% | 230.47M | Jun 2016 | TSLS vs SPDN | |
| Gotham Short Strategies ETF | 14.17% | 12.30M | Jul 2017 | TSLS vs SHRT |
Lowest Drawdown Alternatives to TSLS
TSLS has a 1-year max drawdown of -41.36%. There are 29 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | TSLS vs BRKD | |
| ProShares Short FTSE China 50 | -13.55% | 4.55M | Mar 2010 | TSLS vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 2.94M | Nov 2017 | TSLS vs EMTY | |
| ProShares Short Dow30 | -15.02% | 100.13M | Jun 2006 | TSLS vs DOG | |
| Direxion Daily S&P 500 Bear 1x Shares | -15.93% | 230.47M | Jun 2016 | TSLS vs SPDN |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 8 categories. AUM among these funds goes as high as $20B.
Often Compared With TSLS
Investors most often compare TSLS with TSLA, TSLY, VOO. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare TSLS with Any Fund or Stock
Compare TSLS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TSLS with funds that move differently
Direxion Daily TSLA Bear 1X ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TSLS.
Explore TSLS Diversifiers