SHPU vs. TSLL

Last updated Jul 17, 2026

SHPU (Direxion Daily SHOP Bull 2X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. SHPU charges 1.09%/yr vs 0.83%/yr for TSLL.

Performance

SHPU vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily SHOP Bull 2X ETF (SHPU) 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, SHPU achieves a -54.21% return, which is significantly lower than TSLL's -36.12% return.

SHPU

• 1D: 2.44%
• 1M: 19.10%
• 6M: -51.68%
• YTD: -54.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLL

• 1D: -1.64%
• 1M: -9.93%
• 6M: -32.10%
• YTD: -36.12%
• 1Y: 7.23%
• 3Y*: -11.73%
• 5Y*: —
• 10Y*: —

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

SHPU vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025
SHPU Direxion Daily SHOP Bull 2X ETF	-54.21%	8.74%
TSLL Direxion Daily TSLA Bull 2X ETF	-36.12%	85.74%

Correlation

The correlation between SHPU and TSLL is 0.35, 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 6, 2025	0.35

Return for Risk

SHPU vs. TSLL — Risk / Return Rank

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

SHPU

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: 11
TSLL Sortino Ratio Rank: 17
TSLL Omega Ratio Rank: 16
TSLL Calmar Ratio Rank: 11
TSLL Martin Ratio Rank: 11

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.

SHPU vs. TSLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SHOP Bull 2X ETF (SHPU) 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.

	SHPU	TSLL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.08	—
Sortino ratio: Return per unit of downside risk	—	0.76	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.13	—
Martin ratio: Return relative to average drawdown	—	0.25	—

Drawdowns

SHPU vs. TSLL - Drawdown Comparison

The maximum SHPU drawdown since its inception was -77.97%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for SHPU and TSLL.

Drawdown Indicators

	SHPU	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-77.97%	-82.88%	+4.91%
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	-64.39%	-67.74%	+3.35%
Average Drawdown Average peak-to-trough decline	-40.52%	-54.11%	+13.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.95%	—

Volatility

Volatility by Period

	SHPU	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	33.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	62.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	108.34%	89.11%	+19.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.34%	107.11%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.34%	107.11%	+1.23%

SHPU vs. TSLL - Expense Ratio Comparison

SHPU has a 1.09% expense ratio, which is higher than TSLL's 0.83% expense ratio.

Dividends

SHPU vs. TSLL - Dividend Comparison

SHPU's dividend yield for the trailing twelve months is around 45.31%, more than TSLL's 8.20% yield.

Position	TTM	2025	2024	2023	2022
SHPU Direxion Daily SHOP Bull 2X ETF	45.31%	20.05%	0.00%	0.00%	0.00%
TSLL Direxion Daily TSLA Bull 2X ETF	8.20%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both SHPU and TSLL in my portfolio?

SHPU and TSLL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHPU 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, SHPU or TSLL?

TSLL is cheaper with a 0.83% expense ratio, compared with 1.09% for SHPU.

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

SHPU has the higher dividend yield at 45.31%, compared with 8.20% for TSLL.

What is the main difference between SHPU and TSLL?

Their fees differ too: 1.09% for SHPU and 0.83% for TSLL.