FAS vs. TSLL
Compare and contrast key facts about Direxion Daily Financial Bull 3X Shares (FAS) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).
FAS and TSLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAS is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (300%). It was launched on Nov 6, 2008. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.
Performance
FAS vs. TSLL - Performance Comparison
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FAS vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FAS Direxion Daily Financial Bull 3X Shares | -29.25% | 21.48% | 84.47% | 14.92% | -3.68% |
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, FAS achieves a -29.25% return, which is significantly higher than TSLL's -35.93% return.
FAS
- 1D
- 6.35%
- 1M
- -11.64%
- YTD
- -29.25%
- 6M
- -27.65%
- 1Y
- -18.17%
- 3Y*
- 32.31%
- 5Y*
- 7.69%
- 10Y*
- 18.68%
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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FAS vs. TSLL - Expense Ratio Comparison
FAS has a 1.00% expense ratio, which is lower than TSLL's 1.08% expense ratio.
Return for Risk
FAS vs. TSLL — Risk / Return Rank
FAS
TSLL
FAS vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bull 3X Shares (FAS) 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.
| FAS | TSLL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.32 | 0.31 | -0.63 |
Sortino ratioReturn per unit of downside risk | -0.08 | 1.25 | -1.33 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.15 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.59 | -0.96 |
Martin ratioReturn relative to average drawdown | -1.01 | 1.26 | -2.27 |
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
| FAS | TSLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.32 | 0.31 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | -0.13 | +0.32 |
Correlation
The correlation between FAS and TSLL is 0.35, 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
FAS vs. TSLL - Dividend Comparison
FAS's dividend yield for the trailing twelve months is around 11.79%, more than TSLL's 7.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAS Direxion Daily Financial Bull 3X Shares | 11.79% | 8.21% | 0.76% | 1.77% | 0.91% | 0.60% | 0.47% | 0.62% | 1.43% | 0.11% |
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
FAS vs. TSLL - Drawdown Comparison
The maximum FAS drawdown since its inception was -91.61%, which is greater than TSLL's maximum drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for FAS and TSLL.
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Drawdown Indicators
| FAS | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.61% | -82.88% | -8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -40.88% | -51.06% | +10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -66.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -85.99% | — | — |
Current DrawdownCurrent decline from peak | -35.08% | -67.65% | +32.57% |
Average DrawdownAverage peak-to-trough decline | -31.15% | -53.34% | +22.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.87% | 23.92% | -9.05% |
Volatility
FAS vs. TSLL - Volatility Comparison
The current volatility for Direxion Daily Financial Bull 3X Shares (FAS) is 14.32%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 22.31%. This indicates that FAS 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
| FAS | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.32% | 22.31% | -7.99% |
Volatility (6M)Calculated over the trailing 6-month period | 34.33% | 59.24% | -24.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.51% | 110.51% | -53.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.69% | 107.90% | -52.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.35% | 107.90% | -46.55% |