QCMD vs. TSLL

Last updated Jun 3, 2026

QCMD (Direxion Daily QCOM Bear 1X Shares) and TSLL (Direxion Daily TSLA Bull 1.5X Shares) are both exchange-traded funds - QCMD is a Inverse Equities fund managed by Direxion, while TSLL is a Leveraged Equities fund actively managed by Direxion. At a correlation of -0.39, they often move in opposite directions. QCMD charges 1.00%/yr vs 1.08%/yr for TSLL.

Performance

QCMD vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily QCOM Bear 1X Shares (QCMD) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCMD achieves a -37.78% return, which is significantly lower than TSLL's -20.85% return.

QCMD

• 1D: -5.39%
• 1M: -32.32%
• YTD: -37.78%
• 6M: -38.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLL

• 1D: 0.00%
• 1M: 13.88%
• YTD: -20.85%
• 6M: -21.38%
• 1Y: 7.17%
• 3Y*: 9.79%
• 5Y*: —
• 10Y*: —

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

QCMD vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025
QCMD Direxion Daily QCOM Bear 1X Shares	-37.78%	-11.76%
TSLL Direxion Daily TSLA Bull 1.5X Shares	-20.85%	57.98%

Correlation

The correlation between QCMD and TSLL is -0.39, 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 (All Time) Calculated using the full available price history since Jun 26, 2025	-0.39

Return for Risk

QCMD vs. TSLL — Risk / Return Rank

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

TSLL

TSLL Risk / Return Rank: 12
TSLL Sharpe Ratio Rank: 9
TSLL Sortino Ratio Rank: 15
TSLL Omega Ratio Rank: 15
TSLL Calmar Ratio Rank: 10
TSLL Martin Ratio Rank: 10

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.

QCMD vs. TSLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QCMD	TSLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.01	-0.08	-0.93

Drawdowns

QCMD vs. TSLL - Drawdown Comparison

The maximum QCMD drawdown since its inception was -55.59%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for QCMD and TSLL.

Drawdown Indicators

	QCMD	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-55.59%	-82.88%	+27.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-82.88%	—
Current Drawdown Current decline from peak	-54.28%	-60.03%	+5.75%
Average Drawdown Average peak-to-trough decline	-12.96%	-53.82%	+40.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.72%	—

Volatility

Volatility by Period

	QCMD	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	24.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	47.23%	92.38%	-45.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.23%	106.87%	-59.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.23%	106.87%	-59.64%

QCMD vs. TSLL - Expense Ratio Comparison

QCMD has a 1.00% expense ratio, which is lower than TSLL's 1.08% expense ratio.

Dividends

QCMD vs. TSLL - Dividend Comparison

QCMD's dividend yield for the trailing twelve months is around 3.82%, less than TSLL's 6.46% yield.

Position	TTM	2025	2024	2023	2022
QCMD Direxion Daily QCOM Bear 1X Shares	3.82%	1.77%	0.00%	0.00%	0.00%
TSLL Direxion Daily TSLA Bull 1.5X Shares	6.46%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both QCMD and TSLL in my portfolio?

QCMD and TSLL have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QCMD or TSLL?

On fees, QCMD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QCMD or TSLL?

QCMD is cheaper with a 1.00% expense ratio, compared with 1.08% for TSLL.

Which ETF pays a higher dividend yield, QCMD or TSLL?

TSLL has the higher dividend yield at 6.46%, compared with 3.82% for QCMD.

What is the main difference between QCMD and TSLL?

QCMD is categorized as Inverse Equities, while TSLL is Leveraged Equities. Their fees differ too: 1.00% for QCMD and 1.08% for TSLL.