LMTL vs. TSLL
LMTL (Direxion Daily LMT Bull 2X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. LMTL charges 1.07%/yr vs 0.83%/yr for TSLL.
Performance
LMTL vs. TSLL - Performance Comparison
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Returns By Period
In the year-to-date period, LMTL achieves a 8.57% return, which is significantly higher than TSLL's -22.80% return.
LMTL
- 1D
- 2.29%
- 1M
- 4.14%
- YTD
- 8.57%
- 6M
- 25.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLL
- 1D
- -2.47%
- 1M
- 12.96%
- YTD
- -22.80%
- 6M
- -25.74%
- 1Y
- 12.53%
- 3Y*
- 7.98%
- 5Y*
- —
- 10Y*
- —
LMTL vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 8.57% | 20.61% |
TSLL Direxion Daily TSLA Bull 2X ETF | -22.80% | 73.42% |
Correlation
The correlation between LMTL and TSLL is 0.11, 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 Aug 7, 2025 | 0.11 |
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Return for Risk
LMTL vs. TSLL — Risk / Return Rank
LMTL
TSLL
LMTL vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LMT Bull 2X ETF (LMTL) 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
| LMTL | TSLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | -0.08 | +0.88 |
Drawdowns
LMTL vs. TSLL - Drawdown Comparison
The maximum LMTL drawdown since its inception was -45.74%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for LMTL and TSLL.
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Drawdown Indicators
| LMTL | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.74% | -82.88% | +37.14% |
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 | -43.02% | -61.02% | +18.00% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -53.83% | +40.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 26.36% | — |
Volatility
LMTL vs. TSLL - Volatility Comparison
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Volatility by Period
| LMTL | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.52% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 48.78% | 92.41% | -43.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.78% | 106.83% | -58.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.78% | 106.83% | -58.05% |
LMTL vs. TSLL - Expense Ratio Comparison
LMTL has a 1.07% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
LMTL vs. TSLL - Dividend Comparison
LMTL's dividend yield for the trailing twelve months is around 3.47%, less than TSLL's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 3.47% | 3.18% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 6.63% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
LMTL 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.
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 1.07% for LMTL.
TSLL has the higher dividend yield at 6.63%, compared with 3.47% for LMTL.
Their fees differ too: 1.07% for LMTL and 0.83% for TSLL.
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