TSLL vs. IBIC
TSLL (Direxion Daily TSLA Bull 2X ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. TSLL is actively managed, while IBIC is passively managed. Over the past year, TSLL returned -13.37% vs 4.42% for IBIC. At a correlation of -0.02, they often move in opposite directions. TSLL charges 0.83%/yr vs 0.10%/yr for IBIC.
Performance
TSLL vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, TSLL achieves a -37.67% return, which is significantly lower than IBIC's 2.43% return.
TSLL
- 1D
- -12.25%
- 1M
- -22.54%
- YTD
- -37.67%
- 6M
- -46.82%
- 1Y
- -13.37%
- 3Y*
- -7.12%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLL vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -37.67% | -26.80% | 99.63% | -17.96% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between TSLL and IBIC is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.02 |
The correlation between TSLL and IBIC shifts across timeframes, from -0.15 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSLL vs. IBIC — Risk / Return Rank
TSLL
IBIC
TSLL vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.14 | ||
| Sortino ratioReturn per unit of downside risk | -8.58 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 2.22 | -1.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 16.56 | -16.81 |
| Martin ratioReturn relative to average drawdown | -0.49 | 58.67 | -59.16 |
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Drawdowns
TSLL vs. IBIC - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for TSLL and IBIC.
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Drawdown Indicators
| TSLL | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -0.90% | -81.98% |
Max Drawdown (1Y)Largest decline over 1 year | -54.75% | -0.27% | -54.48% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | — | — |
Current DrawdownCurrent decline from peak | -68.52% | -0.08% | -68.44% |
Average DrawdownAverage peak-to-trough decline | -53.92% | -0.10% | -53.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.78% | 0.08% | +27.70% |
Volatility
TSLL vs. IBIC - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 28.98% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLL | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.98% | 0.17% | +28.81% |
Volatility (6M)Calculated over the trailing 6-month period | 56.84% | 0.67% | +56.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.07% | 0.89% | +88.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.91% | 1.56% | +105.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.91% | 1.56% | +105.35% |
TSLL vs. IBIC - Expense Ratio Comparison
TSLL has a 0.83% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
TSLL vs. IBIC - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 8.21%, more than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 8.21% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
TSLL and IBIC 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.
TSLL has higher volatility (28.98%) compared to IBIC (0.17%). In terms of maximum drawdown, TSLL dropped -82.88% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -13.37% for TSLL. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.42% return vs -13.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.83% for TSLL.
TSLL has the higher dividend yield at 8.21%, compared with 3.58% for IBIC.
TSLL is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.83% for TSLL and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.15), 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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