TSLL vs. BOEG

Last updated Jul 17, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) and BOEG (Leverage Shares 2X Long BA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, TSLL returned 7.23% vs -29.91% for BOEG. At a 0.26 correlation, their price movements are largely independent. TSLL charges 0.83%/yr vs 0.75%/yr for BOEG.

Performance

TSLL vs. BOEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bull 2X ETF (TSLL) and Leverage Shares 2X Long BA Daily ETF (BOEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLL achieves a -36.12% return, which is significantly lower than BOEG's -13.35% return.

TSLL

• 1D: -1.64%
• 1M: -9.93%
• 6M: -32.10%
• YTD: -36.12%
• 1Y: 7.23%
• 3Y*: -11.73%
• 5Y*: —
• 10Y*: —

BOEG

• 1D: -3.33%
• 1M: -12.16%
• 6M: -32.81%
• YTD: -13.35%
• 1Y: -29.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLL vs. BOEG - Yearly Performance Comparison

	2026 (YTD)	2025
TSLL Direxion Daily TSLA Bull 2X ETF	-36.12%	64.06%
BOEG Leverage Shares 2X Long BA Daily ETF	-13.35%	6.85%

Correlation

The correlation between TSLL and BOEG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.26

Return for Risk

TSLL vs. BOEG — Risk / Return Rank

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

TSLL

TSLL Risk / Return Rank: 13
TSLL Sharpe Ratio Rank: 11
TSLL Sortino Ratio Rank: 17
TSLL Omega Ratio Rank: 16
TSLL Calmar Ratio Rank: 11
TSLL Martin Ratio Rank: 11

BOEG

BOEG Risk / Return Rank: 5
BOEG Sharpe Ratio Rank: 5
BOEG Sortino Ratio Rank: 6
BOEG Omega Ratio Rank: 6
BOEG Calmar Ratio Rank: 4
BOEG Martin Ratio Rank: 3

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.

TSLL vs. BOEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Leverage Shares 2X Long BA Daily ETF (BOEG). 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.

	TSLL	BOEG	Difference
Sharpe ratio: Return per unit of total volatility	0.08	-0.47	+0.55
Sortino ratio: Return per unit of downside risk	0.76	-0.36	+1.12
Omega ratio: Gain probability vs. loss probability	1.09	0.96	+0.13
Calmar ratio: Return relative to maximum drawdown	0.13	-0.65	+0.78
Martin ratio: Return relative to average drawdown	0.25	-1.21	+1.46

TSLL vs. BOEG - Sharpe Ratio Comparison

The current TSLL Sharpe Ratio is 0.08, which is higher than the BOEG Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of TSLL and BOEG, 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

TSLL vs. BOEG - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than BOEG's maximum drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for TSLL and BOEG.

Drawdown Indicators

	TSLL	BOEG	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-46.47%	-36.41%
Max Drawdown (1Y) Largest decline over 1 year	-54.75%	-46.47%	-8.28%
Max Drawdown (3Y) Largest decline over 3 years	-82.88%	—	—
Current Drawdown Current decline from peak	-67.74%	-34.94%	-32.80%
Average Drawdown Average peak-to-trough decline	-54.11%	-20.22%	-33.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.95%	24.74%	+4.21%

Volatility

TSLL vs. BOEG - Volatility Comparison

Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 33.55% compared to Leverage Shares 2X Long BA Daily ETF (BOEG) at 15.88%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than BOEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLL	BOEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.55%	15.88%	+17.67%
Volatility (6M) Calculated over the trailing 6-month period	62.28%	47.24%	+15.04%
Volatility (1Y) Calculated over the trailing 1-year period	89.11%	63.88%	+25.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.11%	63.79%	+43.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.11%	63.79%	+43.32%

TSLL vs. BOEG - Expense Ratio Comparison

TSLL has a 0.83% expense ratio, which is higher than BOEG's 0.75% expense ratio.

Dividends

TSLL vs. BOEG - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 8.20%, while BOEG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BOEG Leverage Shares 2X Long BA Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TSLL Direxion Daily TSLA Bull 2X ETF	8.20%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both TSLL and BOEG in my portfolio?

TSLL and BOEG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLL or BOEG?

TSLL has higher volatility (33.55%) compared to BOEG (15.88%). In terms of maximum drawdown, TSLL dropped -82.88% vs BOEG's -46.47%.

Which ETF is better, TSLL or BOEG?

On 1-year performance, TSLL leads with 7.23% vs -29.91% for BOEG. On fees, BOEG is cheaper at 0.75% per year. On volatility, BOEG has been the lower-risk option at 15.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLL or BOEG?

Over the 1-year period, TSLL has performed better with a 7.23% return vs -29.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLL or BOEG?

BOEG is cheaper with a 0.75% expense ratio, compared with 0.83% for TSLL.

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

TSLL has the higher dividend yield at 8.20%, compared with 0.00% for BOEG.

What is the main difference between TSLL and BOEG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.83% for TSLL and 0.75% for BOEG.

Which has better risk-adjusted returns?

TSLL currently has the higher Sharpe Ratio (0.08 vs -0.47), 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.