TESL vs. TSLL
TESL (Simplify Volt TSLA Revolution ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both exchange-traded funds - TESL is a Large Cap Growth Equities fund tracking the Actively Managed, while TSLL is a Leveraged Equities fund actively managed by Direxion. TESL is passively managed, while TSLL is actively managed. Over the past 3 years, TESL returned 14.91%/yr vs -20.90%/yr for TSLL. Their correlation of 0.83 means they have usually moved in the same direction. TESL charges 0.97%/yr vs 0.83%/yr for TSLL.
Performance
TESL vs. TSLL - Performance Comparison
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Returns By Period
In the year-to-date period, TESL achieves a -29.86% return, which is significantly higher than TSLL's -61.15% return.
TESL
- 1D
- 1.78%
- 1M
- -21.76%
- 6M
- -25.49%
- YTD
- -29.86%
- 1Y
- -35.50%
- 3Y*
- 14.91%
- 5Y*
- 4.30%
- 10Y*
- —
- ALL TIME*
- 2.20%
TSLL
- 1D
- 1.39%
- 1M
- -40.57%
- 6M
- -56.61%
- YTD
- -61.15%
- 1Y
- -25.18%
- 3Y*
- -20.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $120.21K | $121.08K | $205.86K | |
| $724.83M | $679.97M | $948.78M |
TESL vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TESL Simplify Volt TSLA Revolution ETF | -29.86% | -14.73% | 152.27% | 58.33% | -38.51% |
TSLL Direxion Daily TSLA Bull 2X ETF | -61.15% | -26.80% | 99.63% | 139.86% | -74.99% |
Correlation
The correlation between TESL and TSLL is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.83 |
The correlation between TESL and TSLL shifts across timeframes, from 0.83 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.
TESL vs. TSLL - Sectors Allocation Comparison
Sectors
TESL
TSLL
Consumer Cyclical
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Cyclical
TESL
TSLL
Basic Materials
TESL
-
TSLL
-
Communication Services
TESL
-
TSLL
-
Consumer Defensive
TESL
-
TSLL
-
Energy
TESL
-
TSLL
-
Financial Services
TESL
-
TSLL
-
Healthcare
TESL
-
TSLL
-
Industrials
TESL
-
TSLL
-
Real Estate
TESL
-
TSLL
-
Technology
TESL
-
TSLL
-
Utilities
TESL
-
TSLL
-
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Return for Risk
TESL vs. TSLL — Risk / Return Rank
TESL
TSLL
TESL vs. TSLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Volt TSLA Revolution ETF (TESL) 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.
| TESL | TSLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.02 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.40 | -0.26 |
| Martin ratioReturn relative to average drawdown | -1.07 | -0.88 | -0.19 |
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Drawdowns
TESL vs. TSLL - Drawdown Comparison
The maximum TESL drawdown since its inception was -69.11%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for TESL and TSLL.
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Drawdown Indicators
| TESL | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.11% | -82.88% | +13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -58.54% | -70.13% | +11.59% |
Max Drawdown (3Y)Largest decline over 3 years | -58.54% | -82.88% | +24.34% |
Max Drawdown (5Y)Largest decline over 5 years | -69.11% | — | — |
Current DrawdownCurrent decline from peak | -56.48% | -80.38% | +23.90% |
Average DrawdownAverage peak-to-trough decline | -37.90% | -54.36% | +16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.03% | 31.62% | +4.41% |
Volatility
TESL vs. TSLL - Volatility Comparison
The current volatility for Simplify Volt TSLA Revolution ETF (TESL) is 20.19%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 43.16%. This indicates that TESL 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
| TESL | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.19% | 43.16% | -22.97% |
Volatility (6M)Calculated over the trailing 6-month period | 41.35% | 70.52% | -29.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.04% | 92.41% | -34.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.92% | 107.78% | -55.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.55% | 107.78% | -57.23% |
TESL vs. TSLL - Expense Ratio Comparison
TESL has a 0.97% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
TESL vs. TSLL - Dividend Comparison
TESL's dividend yield for the trailing twelve months is around 31.55%, more than TSLL's 13.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TESL Simplify Volt TSLA Revolution ETF | 31.55% | 23.87% | 0.62% | 0.00% | 0.83% |
TSLL Direxion Daily TSLA Bull 2X ETF | 13.48% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
With a correlation of 0.94, TESL and TSLL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSLL has higher volatility (43.16%) compared to TESL (20.19%). In terms of maximum drawdown, TESL dropped -69.11% vs TSLL's -82.88%.
On 3-year performance, TESL leads with 14.91% vs -20.90% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, TESL has been the lower-risk option at 20.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TESL has performed better with a 14.91% return vs -20.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLL is cheaper with a 0.83% expense ratio, compared with 0.97% for TESL.
TESL has the higher dividend yield at 31.55%, compared with 13.48% for TSLL.
TESL is categorized as Large Cap Growth Equities, while TSLL is Leveraged Equities. They also come from different issuers: Simplify and Direxion. Their fees differ too: 0.97% for TESL and 0.83% for TSLL.
TSLL currently has the higher Sharpe Ratio (-0.30 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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