ERX vs. TSLL
ERX (Direxion Daily Energy Bull 2X Shares) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both exchange-traded funds - ERX is a Energy Equities fund tracking the Energy Select Sector Index (200%), while TSLL is a Leveraged Equities fund actively managed by Direxion. ERX is passively managed, while TSLL is actively managed. Over the past 3 years, ERX returned 14.98%/yr vs -18.07%/yr for TSLL. Their 0.08 correlation means their historical movements had little consistent relationship. ERX charges 0.91%/yr vs 0.83%/yr for TSLL.
Performance
ERX vs. TSLL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ERX achieves a 58.73% return, which is significantly higher than TSLL's -58.70% return.
ERX
- 1D
- -3.72%
- 1M
- 15.60%
- 6M
- 14.96%
- YTD
- 58.73%
- 1Y
- 73.31%
- 3Y*
- 14.98%
- 5Y*
- 33.57%
- 10Y*
- -9.50%
- ALL TIME*
- -7.37%
TSLL
- 1D
- -3.72%
- 1M
- -44.30%
- 6M
- -47.98%
- YTD
- -58.70%
- 1Y
- -23.30%
- 3Y*
- -18.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -22.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.06M | $23.66M | $27.73M | |
| $799.42M | $664.03M | $919.05M |
ERX vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 58.73% | 2.79% | 1.09% | -12.26% | 39.02% |
TSLL Direxion Daily TSLA Bull 2X ETF | -58.70% | -26.80% | 99.63% | 139.86% | -74.99% |
Correlation
The correlation between ERX and TSLL is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.08 |
The correlation between ERX and TSLL shifts across timeframes, from -0.11 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
ERX vs. TSLL - Sectors Allocation Comparison
Sectors
ERX
TSLL
Energy
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
Consumer Defensive
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
ERX
TSLL
-
Basic Materials
ERX
-
TSLL
-
Communication Services
ERX
-
TSLL
-
Consumer Cyclical
ERX
-
TSLL
Consumer Defensive
ERX
-
TSLL
-
Financial Services
ERX
-
TSLL
-
Healthcare
ERX
-
TSLL
-
Industrials
ERX
-
TSLL
-
Real Estate
ERX
-
TSLL
-
Technology
ERX
-
TSLL
-
Utilities
ERX
-
TSLL
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ERX vs. TSLL — Risk / Return Rank
ERX
TSLL
ERX vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) 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.
| ERX | TSLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.03 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | -0.33 | +2.79 |
| Martin ratioReturn relative to average drawdown | 6.18 | -0.72 | +6.90 |
Loading charts...
Drawdowns
ERX vs. TSLL - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, which is greater than TSLL's maximum drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for ERX and TSLL.
Loading charts...
Drawdown Indicators
| ERX | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.54% | -82.88% | -16.66% |
Max Drawdown (1Y)Largest decline over 1 year | -29.97% | -70.13% | +40.16% |
Max Drawdown (3Y)Largest decline over 3 years | -42.34% | -82.88% | +40.54% |
Max Drawdown (5Y)Largest decline over 5 years | -46.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | — | — |
Current DrawdownCurrent decline from peak | -91.99% | -79.15% | -12.84% |
Average DrawdownAverage peak-to-trough decline | -67.26% | -54.44% | -12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.90% | 32.41% | -20.51% |
Volatility
ERX vs. TSLL - Volatility Comparison
The current volatility for Direxion Daily Energy Bull 2X Shares (ERX) is 12.41%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 38.99%. This indicates that ERX 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.
Loading charts...
Volatility by Period
| ERX | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.41% | 38.99% | -26.58% |
Volatility (6M)Calculated over the trailing 6-month period | 33.24% | 70.64% | -37.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.40% | 92.39% | -49.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.46% | 107.70% | -56.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.84% | 107.70% | -38.86% |
ERX vs. TSLL - Expense Ratio Comparison
ERX has a 0.91% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
ERX vs. TSLL - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 1.61%, less than TSLL's 12.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 1.61% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
TSLL Direxion Daily TSLA Bull 2X ETF | 12.68% | 5.00% | 2.47% | 4.44% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERX and TSLL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLL has higher volatility (38.99%) compared to ERX (12.41%). In terms of maximum drawdown, ERX dropped -99.54% vs TSLL's -82.88%.
On 3-year performance, ERX leads with 14.98% vs -18.07% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, ERX has been the lower-risk option at 12.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ERX has performed better with a 14.98% return vs -18.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLL is cheaper with a 0.83% expense ratio, compared with 0.91% for ERX.
TSLL has the higher dividend yield at 12.68%, compared with 1.61% for ERX.
ERX is categorized as Energy Equities, while TSLL is Leveraged Equities. Their fees differ too: 0.91% for ERX and 0.83% for TSLL.
ERX currently has the higher Sharpe Ratio (1.74 vs -0.25), 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.
Find the right allocation for ERX and TSLL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer