TESL vs. TSLL

Last updated Jul 14, 2026

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 24.74%/yr vs -9.72%/yr for TSLL. Their correlation of 0.83 suggests significant overlap in exposure. TESL charges 0.97%/yr vs 0.83%/yr for TSLL.

Performance

TESL vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volt TSLA Revolution ETF (TESL) 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, TESL achieves a -10.37% return, which is significantly higher than TSLL's -34.79% return.

TESL

• 1D: -4.33%
• 1M: -4.85%
• 6M: -10.16%
• YTD: -10.37%
• 1Y: -22.02%
• 3Y*: 24.74%
• 5Y*: 9.84%
• 10Y*: —

TSLL

• 1D: -6.26%
• 1M: -9.00%
• 6M: -34.03%
• YTD: -34.79%
• 1Y: 14.90%
• 3Y*: -9.72%
• 5Y*: —
• 10Y*: —

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

TESL vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TESL Simplify Volt TSLA Revolution ETF	-10.37%	-14.73%	152.27%	58.33%	-38.51%
TSLL Direxion Daily TSLA Bull 2X ETF	-34.79%	-26.80%	99.63%	139.86%	-74.99%

Correlation

The correlation between TESL and TSLL is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	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	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

TESL vs. TSLL — Risk / Return Rank

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

TESL

TESL Risk / Return Rank: 6
TESL Sharpe Ratio Rank: 6
TESL Sortino Ratio Rank: 7
TESL Omega Ratio Rank: 7
TESL Calmar Ratio Rank: 6
TESL Martin Ratio Rank: 6

TSLL

TSLL Risk / Return Rank: 15
TSLL Sharpe Ratio Rank: 12
TSLL Sortino Ratio Rank: 19
TSLL Omega Ratio Rank: 18
TSLL Calmar Ratio Rank: 13
TSLL Martin Ratio Rank: 12

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.

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 ratio: Return per unit of total volatility	-0.39	0.17	-0.56
Sortino ratio: Return per unit of downside risk	-0.22	0.88	-1.10
Omega ratio: Gain probability vs. loss probability	0.97	1.10	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.39	0.27	-0.67
Martin ratio: Return relative to average drawdown	-0.65	0.52	-1.17

TESL vs. TSLL - Sharpe Ratio Comparison

The current TESL Sharpe Ratio is -0.39, which is lower than the TSLL Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of TESL and TSLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	TESL	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-69.11%	-82.88%	+13.77%
Max Drawdown (1Y) Largest decline over 1 year	-56.12%	-54.75%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-56.12%	-82.88%	+26.76%
Max Drawdown (5Y) Largest decline over 5 years	-69.11%	—	—
Current Drawdown Current decline from peak	-44.38%	-67.07%	+22.69%
Average Drawdown Average peak-to-trough decline	-37.76%	-54.07%	+16.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.93%	28.51%	+5.42%

Volatility

TESL vs. TSLL - Volatility Comparison

The current volatility for Simplify Volt TSLA Revolution ETF (TESL) is 18.67%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 35.01%. 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.

Volatility by Period

	TESL	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.67%	35.01%	-16.34%
Volatility (6M) Calculated over the trailing 6-month period	38.91%	62.44%	-23.53%
Volatility (1Y) Calculated over the trailing 1-year period	57.15%	89.39%	-32.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.47%	107.27%	-55.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.34%	107.27%	-56.93%

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 24.69%, more than TSLL's 8.03% yield.

Position	TTM	2025	2024	2023	2022
TESL Simplify Volt TSLA Revolution ETF	24.69%	23.87%	0.62%	0.00%	0.83%
TSLL Direxion Daily TSLA Bull 2X ETF	8.03%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both TESL and TSLL in my portfolio?

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.

Which is riskier, TESL or TSLL?

TSLL has higher volatility (35.01%) compared to TESL (18.67%). In terms of maximum drawdown, TESL dropped -69.11% vs TSLL's -82.88%.

Which ETF is better, TESL or TSLL?

On 3-year performance, TESL leads with 24.74% vs -9.72% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, TESL has been the lower-risk option at 18.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TESL or TSLL?

Over the 3-year period, TESL has performed better with a 24.74% return vs -9.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TESL or TSLL?

TSLL is cheaper with a 0.83% expense ratio, compared with 0.97% for TESL.

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

TESL has the higher dividend yield at 24.69%, compared with 8.03% for TSLL.

What is the main difference between TESL and 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.

Which has better risk-adjusted returns?

TSLL currently has the higher Sharpe Ratio (0.17 vs -0.39), 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.