BRKU vs. TSLL

Last updated Aug 1, 2026

BRKU (Direxion Daily BRKB Bull 2X Shares) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. Over the past year, BRKU returned 4.08% vs -25.18% for TSLL. Their 0.11 correlation means their historical movements had little consistent relationship. BRKU charges 0.97%/yr vs 0.83%/yr for TSLL.

Performance

BRKU vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BRKB Bull 2X Shares (BRKU) and Direxion Daily TSLA Bull 2X ETF (TSLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKU achieves a -3.12% return, which is significantly higher than TSLL's -61.15% return.

BRKU

• 1D: 0.99%
• 1M: 1.01%
• 6M: 6.89%
• YTD: -3.12%
• 1Y: 4.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.48%

TSLL

• 1D: 1.39%
• 1M: -40.57%
• 6M: -56.61%
• YTD: -61.15%
• 1Y: -25.18%
• 3Y*: -20.90%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -23.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKU Direxion Daily BRKB Bull 2X Shares	$1.38M	$1.61M	$3.31M
TSLL Direxion Daily TSLA Bull 2X ETF	$724.83M	$679.97M	$948.78M

BRKU vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BRKU Direxion Daily BRKB Bull 2X Shares	-3.12%	6.44%	-3.78%
TSLL Direxion Daily TSLA Bull 2X ETF	-61.15%	-26.80%	-2.35%

Correlation

The correlation between BRKU and TSLL is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	0.11

The correlation between BRKU and TSLL shifts across timeframes, from -0.02 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BRKU vs. TSLL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRKU

BRKU Risk / Return Rank: 14
BRKU Sharpe Ratio Rank: 14
BRKU Sortino Ratio Rank: 15
BRKU Omega Ratio Rank: 14
BRKU Calmar Ratio Rank: 14
BRKU Martin Ratio Rank: 13

TSLL

TSLL Risk / Return Rank: 8
TSLL Sharpe Ratio Rank: 7
TSLL Sortino Ratio Rank: 11
TSLL Omega Ratio Rank: 11
TSLL Calmar Ratio Rank: 6
TSLL Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRKU vs. TSLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bull 2X Shares (BRKU) and Direxion Daily TSLA Bull 2X ETF (TSLL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BRKU	TSLL	Difference
Sharpe ratio: Return per unit of total volatility	0.14	-0.30	+0.44
Sortino ratio: Return per unit of downside risk	0.40	0.16	+0.23
Omega ratio: Gain probability vs. loss probability	1.05	1.02	+0.03
Calmar ratio: Return relative to maximum drawdown	0.18	-0.40	+0.58
Martin ratio: Return relative to average drawdown	0.34	-0.88	+1.22

BRKU vs. TSLL - Sharpe Ratio Comparison

The current BRKU Sharpe Ratio is 0.14, which is higher than the TSLL Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of BRKU and TSLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRKU vs. TSLL - Drawdown Comparison

The maximum BRKU drawdown since its inception was -35.37%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for BRKU and TSLL.

Drawdown Indicators

	BRKU	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-35.37%	-82.88%	+47.51%
Max Drawdown (1Y) Largest decline over 1 year	-22.06%	-70.13%	+48.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-82.88%	—
Current Drawdown Current decline from peak	-23.98%	-80.38%	+56.40%
Average Drawdown Average peak-to-trough decline	-19.76%	-54.36%	+34.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.67%	31.62%	-19.95%

Volatility

BRKU vs. TSLL - Volatility Comparison

The current volatility for Direxion Daily BRKB Bull 2X Shares (BRKU) is 8.98%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 43.16%. This indicates that BRKU experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKU	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.98%	43.16%	-34.18%
Volatility (6M) Calculated over the trailing 6-month period	21.66%	70.52%	-48.86%
Volatility (1Y) Calculated over the trailing 1-year period	28.59%	92.41%	-63.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.97%	107.78%	-73.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.97%	107.78%	-73.81%

BRKU vs. TSLL - Expense Ratio Comparison

BRKU has a 0.97% expense ratio, which is higher than TSLL's 0.83% expense ratio.

Dividends

BRKU vs. TSLL - Dividend Comparison

BRKU's dividend yield for the trailing twelve months is around 2.47%, less than TSLL's 13.48% yield.

Position	TTM	2025	2024	2023	2022
BRKU Direxion Daily BRKB Bull 2X Shares	2.47%	2.44%	0.00%	0.00%	0.00%
TSLL Direxion Daily TSLA Bull 2X ETF	13.48%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both BRKU and TSLL in my portfolio?

BRKU and TSLL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKU or TSLL?

TSLL has higher volatility (43.16%) compared to BRKU (8.98%). In terms of maximum drawdown, BRKU dropped -35.37% vs TSLL's -82.88%.

Which ETF is better, BRKU or TSLL?

On 1-year performance, BRKU leads with 4.08% vs -25.18% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, BRKU has been the lower-risk option at 8.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKU or TSLL?

Over the 1-year period, BRKU has performed better with a 4.08% return vs -25.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKU or TSLL?

TSLL is cheaper with a 0.83% expense ratio, compared with 0.97% for BRKU.

Which ETF pays a higher dividend yield, BRKU or TSLL?

TSLL has the higher dividend yield at 13.48%, compared with 2.47% for BRKU.

What is the main difference between BRKU and TSLL?

Their fees differ too: 0.97% for BRKU and 0.83% for TSLL.

Which has better risk-adjusted returns?

BRKU currently has the higher Sharpe Ratio (0.14 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.