DUST vs. TSLA

Last updated Jun 4, 2026

DUST (Direxion Daily Gold Miners Bear 2X Shares) is Leveraged Equities fund tracking the NYSE Arca Gold Miners Index (-300%), while TSLA (Tesla, Inc.) is a stock. Over the past 10 years, DUST returned -53.65%/yr vs 40.05%/yr for TSLA. At a correlation of -0.11, they often move in opposite directions.

Performance

DUST vs. TSLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Gold Miners Bear 2X Shares (DUST) and Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUST achieves a -26.71% return, which is significantly lower than TSLA's -5.79% return. Over the past 10 years, DUST has underperformed TSLA with an annualized return of -53.65%, while TSLA has yielded a comparatively higher 40.05% annualized return.

DUST

• 1D: 6.82%
• 1M: -4.38%
• YTD: -26.71%
• 6M: -36.80%
• 1Y: -76.81%
• 3Y*: -62.09%
• 5Y*: -47.20%
• 10Y*: -53.65%

TSLA

• 1D: -0.01%
• 1M: 7.95%
• YTD: -5.79%
• 6M: -5.16%
• 1Y: 23.07%
• 3Y*: 25.57%
• 5Y*: 16.24%
• 10Y*: 40.05%

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

DUST vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUST Direxion Daily Gold Miners Bear 2X Shares	-26.71%	-88.72%	-29.51%	-27.63%	-22.70%	-4.82%	-85.75%	-75.11%	-3.27%	-51.00%
TSLA Tesla, Inc.	-5.79%	11.36%	62.52%	101.72%	-65.03%	49.76%	743.44%	25.70%	6.89%	45.70%

Correlation

The correlation between DUST and TSLA is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (3Y) Calculated over the trailing 3-year period	-0.15
Correlation (5Y) Calculated over the trailing 5-year period	-0.12
Correlation (10Y) Calculated over the trailing 10-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Dec 9, 2010	-0.11

The correlation between DUST and TSLA shifts across timeframes, from -0.23 (1 year) to -0.10 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

DUST vs. TSLA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUST

DUST Risk / Return Rank: 2
DUST Sharpe Ratio Rank: 2
DUST Sortino Ratio Rank: 1
DUST Omega Ratio Rank: 1
DUST Calmar Ratio Rank: 1
DUST Martin Ratio Rank: 3

TSLA

TSLA Risk / Return Rank: 55
TSLA Sharpe Ratio Rank: 57
TSLA Sortino Ratio Rank: 53
TSLA Omega Ratio Rank: 51
TSLA Calmar Ratio Rank: 57
TSLA Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUST vs. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) and Tesla, Inc. (TSLA). 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.

	DUST	TSLA	Difference
Sharpe ratio: Return per unit of total volatility	-0.85	0.50	-1.35
Sortino ratio: Return per unit of downside risk	-1.73	0.97	-2.70
Omega ratio: Gain probability vs. loss probability	0.82	1.12	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.89	0.77	-1.67
Martin ratio: Return relative to average drawdown	-1.22	1.81	-3.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUST vs. TSLA - Sharpe Ratio Comparison

The current DUST Sharpe Ratio is -0.85, which is lower than the TSLA Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of DUST and TSLA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DUST	TSLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.85	0.50	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.66	0.28	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.62	0.68	-1.30
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	0.73	-1.24

Drawdowns

DUST vs. TSLA - Drawdown Comparison

The maximum DUST drawdown since its inception was -100.00%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for DUST and TSLA.

Drawdown Indicators

	DUST	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-73.63%	-26.37%
Max Drawdown (1Y) Largest decline over 1 year	-86.15%	-29.93%	-56.22%
Max Drawdown (3Y) Largest decline over 3 years	-97.55%	-53.77%	-43.78%
Max Drawdown (5Y) Largest decline over 5 years	-98.68%	-73.63%	-25.05%
Max Drawdown (10Y) Largest decline over 10 years	-99.98%	-73.63%	-26.35%
Current Drawdown Current decline from peak	-100.00%	-13.51%	-86.49%
Average Drawdown Average peak-to-trough decline	-83.35%	-22.73%	-60.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.85%	12.84%	+50.01%

Volatility

DUST vs. TSLA - Volatility Comparison

Direxion Daily Gold Miners Bear 2X Shares (DUST) has a higher volatility of 30.34% compared to Tesla, Inc. (TSLA) at 12.12%. This indicates that DUST's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUST	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.34%	12.12%	+18.22%
Volatility (6M) Calculated over the trailing 6-month period	72.12%	27.28%	+44.84%
Volatility (1Y) Calculated over the trailing 1-year period	90.34%	46.36%	+43.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.13%	58.85%	+13.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.19%	59.11%	+28.08%

Dividends

DUST vs. TSLA - Dividend Comparison

DUST's dividend yield for the trailing twelve months is around 8.90%, while TSLA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DUST Direxion Daily Gold Miners Bear 2X Shares	8.90%	12.51%	4.99%	4.47%	0.00%	0.00%	3.60%	2.50%	0.37%
TSLA Tesla, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUST and TSLA in my portfolio?

DUST and TSLA have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUST or TSLA?

DUST has higher volatility (30.34%) compared to TSLA (12.12%). In terms of maximum drawdown, DUST dropped -100.00% vs TSLA's -73.63%.

Which has better risk-adjusted returns?

TSLA currently has the higher Sharpe Ratio (0.50 vs -0.85), 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.