TBXU vs. TSLL
TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 0.83%/yr for TSLL.
Performance
TBXU vs. TSLL - Performance Comparison
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Returns By Period
In the year-to-date period, TBXU achieves a -1.39% return, which is significantly higher than TSLL's -32.92% return.
TBXU
- 1D
- 4.10%
- 1M
- 1.42%
- YTD
- -1.39%
- 6M
- -3.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLL
- 1D
- -13.11%
- 1M
- -6.33%
- YTD
- -32.92%
- 6M
- -35.60%
- 1Y
- 36.74%
- 3Y*
- 2.20%
- 5Y*
- —
- 10Y*
- —
TBXU vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | -1.39% | 18.24% |
TSLL Direxion Daily TSLA Bull 2X ETF | -32.92% | -12.06% |
Correlation
The correlation between TBXU and TSLL is 0.15, 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 Oct 2, 2025 | 0.15 |
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Return for Risk
TBXU vs. TSLL — Risk / Return Rank
TBXU
TSLL
TBXU vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TBXU | TSLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | -0.11 | +0.73 |
Drawdowns
TBXU vs. TSLL - Drawdown Comparison
The maximum TBXU drawdown since its inception was -26.53%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for TBXU and TSLL.
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Drawdown Indicators
| TBXU | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.53% | -82.88% | +56.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -82.88% | — |
Current DrawdownCurrent decline from peak | -17.29% | -66.13% | +48.84% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -53.84% | +45.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 26.34% | — |
Volatility
TBXU vs. TSLL - Volatility Comparison
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Volatility by Period
| TBXU | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 93.08% | -51.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.38% | 106.99% | -65.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.38% | 106.99% | -65.61% |
TBXU vs. TSLL - Expense Ratio Comparison
TBXU has a 0.98% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
TBXU vs. TSLL - Dividend Comparison
TBXU's dividend yield for the trailing twelve months is around 1.68%, less than TSLL's 7.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF | 1.68% | 1.33% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 7.63% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
TBXU and TSLL have a correlation of 0.15, 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 0.98% for TBXU.
TSLL has the higher dividend yield at 7.63%, compared with 1.68% for TBXU.
Their fees differ too: 0.98% for TBXU and 0.83% for TSLL.
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