SPXL vs. TSLL
Compare and contrast key facts about Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).
SPXL and TSLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.
Performance
SPXL vs. TSLL - Performance Comparison
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SPXL vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPXL Direxion Daily S&P 500 Bull 3X Shares | -15.99% | 31.94% | 63.61% | 69.49% | -25.73% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | -35.93% | -26.80% | 99.63% | 139.86% | -73.85% |
Returns By Period
In the year-to-date period, SPXL achieves a -15.99% return, which is significantly higher than TSLL's -35.93% return.
SPXL
- 1D
- 8.63%
- 1M
- -15.66%
- YTD
- -15.99%
- 6M
- -12.47%
- 1Y
- 32.76%
- 3Y*
- 37.47%
- 5Y*
- 16.98%
- 10Y*
- 25.32%
TSLL
- 1D
- 9.16%
- 1M
- -16.71%
- YTD
- -35.93%
- 6M
- -39.94%
- 1Y
- 34.59%
- 3Y*
- 3.01%
- 5Y*
- —
- 10Y*
- —
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SPXL vs. TSLL - Expense Ratio Comparison
SPXL has a 1.02% expense ratio, which is lower than TSLL's 1.08% expense ratio.
Return for Risk
SPXL vs. TSLL — Risk / Return Rank
SPXL
TSLL
SPXL vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X Shares (SPXL) 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.
| SPXL | TSLL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.31 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.25 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.59 | +0.46 |
Martin ratioReturn relative to average drawdown | 4.21 | 1.26 | +2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXL | TSLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.31 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | -0.13 | +0.60 |
Correlation
The correlation between SPXL and TSLL is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPXL vs. TSLL - Dividend Comparison
SPXL's dividend yield for the trailing twelve months is around 0.80%, less than TSLL's 7.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.80% | 0.69% | 0.74% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | 7.98% | 5.00% | 2.47% | 4.44% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPXL vs. TSLL - Drawdown Comparison
The maximum SPXL drawdown since its inception was -76.86%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for SPXL and TSLL.
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Drawdown Indicators
| SPXL | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -82.88% | +6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -33.42% | -51.06% | +17.64% |
Max Drawdown (5Y)Largest decline over 5 years | -63.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.86% | — | — |
Current DrawdownCurrent decline from peak | -20.45% | -67.65% | +47.20% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -53.34% | +37.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.34% | 23.92% | -15.58% |
Volatility
SPXL vs. TSLL - Volatility Comparison
The current volatility for Direxion Daily S&P 500 Bull 3X Shares (SPXL) is 15.89%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 22.31%. This indicates that SPXL experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXL | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.89% | 22.31% | -6.42% |
Volatility (6M)Calculated over the trailing 6-month period | 28.45% | 59.24% | -30.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.30% | 110.51% | -56.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.27% | 107.90% | -57.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.37% | 107.90% | -54.53% |