ERX vs. TSLL
Compare and contrast key facts about Direxion Daily Energy Bull 2X Shares (ERX) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).
ERX and TSLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.
Performance
ERX vs. TSLL - Performance Comparison
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ERX vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 85.42% | 2.79% | 1.09% | -12.26% | 34.26% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | -35.93% | -26.80% | 99.63% | 139.86% | -73.85% |
Returns By Period
In the year-to-date period, ERX achieves a 85.42% return, which is significantly higher than TSLL's -35.93% return.
ERX
- 1D
- -2.61%
- 1M
- 20.58%
- YTD
- 85.42%
- 6M
- 84.60%
- 1Y
- 61.51%
- 3Y*
- 24.14%
- 5Y*
- 36.55%
- 10Y*
- -5.60%
TSLL
- 1D
- 9.16%
- 1M
- -16.71%
- YTD
- -35.93%
- 6M
- -39.94%
- 1Y
- 34.59%
- 3Y*
- 3.01%
- 5Y*
- —
- 10Y*
- —
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ERX vs. TSLL - Expense Ratio Comparison
ERX has a 1.09% expense ratio, which is higher than TSLL's 1.08% expense ratio.
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 1.5X Shares (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.
| ERX | TSLL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.31 | +0.93 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.25 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 0.59 | +1.27 |
Martin ratioReturn relative to average drawdown | 3.79 | 1.26 | +2.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERX | TSLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.31 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.13 | +0.05 |
Correlation
The correlation between ERX and TSLL is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ERX vs. TSLL - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 1.45%, less than TSLL's 7.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 1.45% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | 7.98% | 5.00% | 2.47% | 4.44% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
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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 | -35.17% | -51.06% | +15.89% |
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 | -90.64% | -67.65% | -22.99% |
Average DrawdownAverage peak-to-trough decline | -66.77% | -53.34% | -13.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.25% | 23.92% | -6.67% |
Volatility
ERX vs. TSLL - Volatility Comparison
The current volatility for Direxion Daily Energy Bull 2X Shares (ERX) is 10.19%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 22.31%. 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.
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Volatility by Period
| ERX | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 22.31% | -12.12% |
Volatility (6M)Calculated over the trailing 6-month period | 28.10% | 59.24% | -31.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.61% | 110.51% | -60.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.12% | 107.90% | -55.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.23% | 107.90% | -38.67% |