SKHL vs. TSLL
SKHL (Direxion Daily SK Hynix Bull 2X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. SKHL is passively managed, while TSLL is actively managed. Their -0.05 correlation means they have often moved in opposite directions in the past. SKHL charges 0.97%/yr vs 0.83%/yr for TSLL.
Performance
SKHL vs. TSLL - Performance Comparison
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Returns By Period
SKHL
- 1D
- -11.82%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSLL
- 1D
- -1.24%
- 1M
- -38.47%
- 6M
- -57.83%
- YTD
- -62.00%
- 1Y
- -36.80%
- 3Y*
- -22.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -24.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.07M | $16.88M | $16.88M | |
| $701.01M | $731.45M | $969.01M |
SKHL vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SKHL Direxion Daily SK Hynix Bull 2X ETF | -49.35% |
TSLL Direxion Daily TSLA Bull 2X ETF | -42.11% |
Correlation
The correlation between SKHL and TSLL is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2026 | -0.05 |
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Return for Risk
SKHL vs. TSLL — Risk / Return Rank
SKHL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLL
SKHL vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SK Hynix Bull 2X ETF (SKHL) 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.
| SKHL | TSLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.00 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.54 | — |
| Martin ratioReturn relative to average drawdown | — | -1.20 | — |
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Drawdowns
SKHL vs. TSLL - Drawdown Comparison
The maximum SKHL drawdown since its inception was -49.35%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for SKHL and TSLL.
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Drawdown Indicators
| SKHL | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.35% | -82.88% | +33.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -68.31% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.88% | — |
Current DrawdownCurrent decline from peak | -49.35% | -80.81% | +31.46% |
Average DrawdownAverage peak-to-trough decline | -28.05% | -54.28% | +26.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.76% | — |
Volatility
SKHL vs. TSLL - Volatility Comparison
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Volatility by Period
| SKHL | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 46.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 70.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 235.16% | 92.20% | +142.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 235.16% | 107.84% | +127.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 235.16% | 107.84% | +127.32% |
SKHL vs. TSLL - Expense Ratio Comparison
SKHL has a 0.97% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
SKHL vs. TSLL - Dividend Comparison
SKHL has not paid dividends to shareholders, while TSLL's dividend yield for the trailing twelve months is around 13.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SKHL Direxion Daily SK Hynix Bull 2X ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 13.78% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
SKHL and TSLL have a correlation of -0.05, 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 0.97% for SKHL.
TSLL has the higher dividend yield at 13.78%, compared with 0.00% for SKHL.
Their fees differ too: 0.97% for SKHL and 0.83% for TSLL.
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