TSLG vs. ERX
Compare and contrast key facts about Leverage Shares 2X Long TSLA Daily ETF (TSLG) and Direxion Daily Energy Bull 2X Shares (ERX).
TSLG and ERX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020.
Performance
TSLG vs. ERX - Performance Comparison
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TSLG vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLG Leverage Shares 2X Long TSLA Daily ETF | -35.84% | -26.70% | -16.81% |
ERX Direxion Daily Energy Bull 2X Shares | 71.72% | 2.79% | -6.71% |
Returns By Period
In the year-to-date period, TSLG achieves a -35.84% return, which is significantly lower than ERX's 71.72% return.
TSLG
- 1D
- 9.07%
- 1M
- -17.06%
- YTD
- -35.84%
- 6M
- -43.62%
- 1Y
- 25.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERX
- 1D
- -7.39%
- 1M
- 7.35%
- YTD
- 71.72%
- 6M
- 71.12%
- 1Y
- 48.19%
- 3Y*
- 21.00%
- 5Y*
- 34.47%
- 10Y*
- -6.32%
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TSLG vs. ERX - Expense Ratio Comparison
TSLG has a 0.75% expense ratio, which is lower than ERX's 1.09% expense ratio.
Return for Risk
TSLG vs. ERX — Risk / Return Rank
TSLG
ERX
TSLG vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSLA Daily ETF (TSLG) and Direxion Daily Energy Bull 2X Shares (ERX). 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.
| TSLG | ERX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 0.97 | -0.65 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.42 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.41 | -0.82 |
Martin ratioReturn relative to average drawdown | 1.27 | 2.87 | -1.60 |
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
| TSLG | ERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.97 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | -0.09 | -0.35 |
Correlation
The correlation between TSLG and ERX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TSLG vs. ERX - Dividend Comparison
TSLG's dividend yield for the trailing twelve months is around 10.20%, more than ERX's 1.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSLG Leverage Shares 2X Long TSLA Daily ETF | 10.20% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERX Direxion Daily Energy Bull 2X Shares | 1.56% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Drawdowns
TSLG vs. ERX - Drawdown Comparison
The maximum TSLG drawdown since its inception was -82.86%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for TSLG and ERX.
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Drawdown Indicators
| TSLG | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -99.54% | +16.68% |
Max Drawdown (1Y)Largest decline over 1 year | -50.92% | -35.17% | -15.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.59% | — |
Current DrawdownCurrent decline from peak | -67.59% | -91.33% | +23.74% |
Average DrawdownAverage peak-to-trough decline | -58.04% | -66.78% | +8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.82% | 17.26% | +6.56% |
Volatility
TSLG vs. ERX - Volatility Comparison
Leverage Shares 2X Long TSLA Daily ETF (TSLG) has a higher volatility of 22.28% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 13.01%. This indicates that TSLG's price experiences larger fluctuations and is considered to be riskier than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLG | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.28% | 13.01% | +9.27% |
Volatility (6M)Calculated over the trailing 6-month period | 59.35% | 29.14% | +30.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.61% | 50.15% | +60.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.00% | 52.18% | +66.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.00% | 69.25% | +49.75% |