CONX vs. TSLL
CONX (Direxion Daily COIN Bull 2X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. CONX charges 0.97%/yr vs 0.83%/yr for TSLL.
Performance
CONX vs. TSLL - Performance Comparison
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Returns By Period
In the year-to-date period, CONX achieves a -61.79% return, which is significantly lower than TSLL's -20.85% return.
CONX
- 1D
- -12.34%
- 1M
- -38.44%
- YTD
- -61.79%
- 6M
- -75.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLL
- 1D
- 0.00%
- 1M
- 13.88%
- YTD
- -20.85%
- 6M
- -21.38%
- 1Y
- 7.17%
- 3Y*
- 9.79%
- 5Y*
- —
- 10Y*
- —
CONX vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CONX Direxion Daily COIN Bull 2X ETF | -61.79% | -26.29% |
TSLL Direxion Daily TSLA Bull 2X ETF | -20.85% | 19.85% |
Correlation
The correlation between CONX and TSLL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.43 |
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Return for Risk
CONX vs. TSLL — Risk / Return Rank
CONX
TSLL
CONX vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily COIN Bull 2X ETF (CONX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CONX | TSLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.08 | -0.55 |
Drawdowns
CONX vs. TSLL - Drawdown Comparison
The maximum CONX drawdown since its inception was -76.90%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for CONX and TSLL.
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Drawdown Indicators
| CONX | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.90% | -82.88% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.88% | — |
Current DrawdownCurrent decline from peak | -75.11% | -60.03% | -15.08% |
Average DrawdownAverage peak-to-trough decline | -48.87% | -53.82% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 26.72% | — |
Volatility
CONX vs. TSLL - Volatility Comparison
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Volatility by Period
| CONX | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.14% | 92.38% | +53.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.14% | 106.87% | +39.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.14% | 106.87% | +39.27% |
CONX vs. TSLL - Expense Ratio Comparison
CONX has a 0.97% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
CONX vs. TSLL - Dividend Comparison
CONX's dividend yield for the trailing twelve months is around 2.12%, less than TSLL's 6.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CONX Direxion Daily COIN Bull 2X ETF | 2.12% | 0.42% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 6.46% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
CONX and TSLL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLL is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLL is cheaper with a 0.83% expense ratio, compared with 0.97% for CONX.
TSLL has the higher dividend yield at 6.46%, compared with 2.12% for CONX.
Their fees differ too: 0.97% for CONX and 0.83% for TSLL.
Find the right allocation for CONX and TSLL
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