QCMU vs. TSLL

Last updated Jun 23, 2026

QCMU (Direxion Daily QCOM Bull 2X Shares) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. At a 0.42 correlation, their price movements are largely independent. QCMU charges 1.07%/yr vs 0.83%/yr for TSLL.

Performance

QCMU vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily QCOM Bull 2X Shares (QCMU) and Direxion Daily TSLA Bull 2X ETF (TSLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCMU achieves a 35.64% return, which is significantly higher than TSLL's -28.97% return.

QCMU

• 1D: -3.68%
• 1M: -17.77%
• YTD: 35.64%
• 6M: 30.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLL

• 1D: 2.36%
• 1M: -11.73%
• YTD: -28.97%
• 6M: -40.25%
• 1Y: 14.93%
• 3Y*: -2.99%
• 5Y*: —
• 10Y*: —

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

QCMU vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025
QCMU Direxion Daily QCOM Bull 2X Shares	35.64%	11.21%
TSLL Direxion Daily TSLA Bull 2X ETF	-28.97%	45.92%

Correlation

The correlation between QCMU and TSLL is 0.42, 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 Jun 25, 2025	0.42

QCMU vs. TSLL - Sectors Allocation Comparison

Sectors	QCMU	TSLL
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	100.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QCMU vs. TSLL — Risk / Return Rank

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

QCMU

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

TSLL

TSLL Risk / Return Rank: 13
TSLL Sharpe Ratio Rank: 10
TSLL Sortino Ratio Rank: 16
TSLL Omega Ratio Rank: 15
TSLL Calmar Ratio Rank: 11
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.

QCMU vs. TSLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bull 2X Shares (QCMU) 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.

	QCMU	TSLL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.17	—
Sortino ratio: Return per unit of downside risk	—	0.88	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.27	—
Martin ratio: Return relative to average drawdown	—	0.54	—

Drawdowns

QCMU vs. TSLL - Drawdown Comparison

The maximum QCMU drawdown since its inception was -59.48%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for QCMU and TSLL.

Drawdown Indicators

	QCMU	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-59.48%	-82.88%	+23.40%
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	-25.56%	-64.13%	+38.57%
Average Drawdown Average peak-to-trough decline	-22.82%	-53.90%	+31.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.62%	—

Volatility

Volatility by Period

	QCMU	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	100.77%	88.37%	+12.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.77%	106.78%	-6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.77%	106.78%	-6.01%

QCMU vs. TSLL - Expense Ratio Comparison

QCMU has a 1.07% expense ratio, which is higher than TSLL's 0.83% expense ratio.

Dividends

QCMU vs. TSLL - Dividend Comparison

QCMU's dividend yield for the trailing twelve months is around 1.51%, less than TSLL's 7.20% yield.

Position	TTM	2025	2024	2023	2022
QCMU Direxion Daily QCOM Bull 2X Shares	1.51%	1.57%	0.00%	0.00%	0.00%
TSLL Direxion Daily TSLA Bull 2X ETF	7.20%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both QCMU and TSLL in my portfolio?

QCMU and TSLL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QCMU or TSLL?

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.

Which ETF is cheaper, QCMU or TSLL?

TSLL is cheaper with a 0.83% expense ratio, compared with 1.07% for QCMU.

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

TSLL has the higher dividend yield at 7.20%, compared with 1.51% for QCMU.

What is the main difference between QCMU and TSLL?

Their fees differ too: 1.07% for QCMU and 0.83% for TSLL.