TSLL vs. NBIG

Last updated Jun 25, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) and NBIG (Leverage Shares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. TSLL charges 0.83%/yr vs 0.75%/yr for NBIG.

Performance

TSLL vs. NBIG - 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 NBIS Daily ETF (NBIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLL achieves a -39.31% return, which is significantly lower than NBIG's 454.37% return.

TSLL

• 1D: -3.38%
• 1M: -24.58%
• YTD: -39.31%
• 6M: -48.10%
• 1Y: -11.43%
• 3Y*: -7.94%
• 5Y*: —
• 10Y*: —

NBIG

• 1D: -11.55%
• 1M: 34.07%
• YTD: 454.37%
• 6M: 365.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLL vs. NBIG - Yearly Performance Comparison

	2026 (YTD)	2025
TSLL Direxion Daily TSLA Bull 2X ETF	-39.31%	1.01%
NBIG Leverage Shares 2X Long NBIS Daily ETF	454.37%	-59.80%

Correlation

The correlation between TSLL and NBIG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.27

Return for Risk

TSLL vs. NBIG — Risk / Return Rank

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

TSLL

TSLL Risk / Return Rank: 9
TSLL Sharpe Ratio Rank: 8
TSLL Sortino Ratio Rank: 11
TSLL Omega Ratio Rank: 11
TSLL Calmar Ratio Rank: 7
TSLL Martin Ratio Rank: 7

NBIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NBIG - 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 NBIS Daily ETF (NBIG). 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	NBIG	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	—	—
Sortino ratio: Return per unit of downside risk	0.43	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	-0.21	—	—
Martin ratio: Return relative to average drawdown	-0.42	—	—

Drawdowns

TSLL vs. NBIG - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than NBIG's maximum drawdown of -75.83%. Use the drawdown chart below to compare losses from any high point for TSLL and NBIG.

Drawdown Indicators

	TSLL	NBIG	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-75.83%	-7.05%
Max Drawdown (1Y) Largest decline over 1 year	-54.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-82.88%	—	—
Current Drawdown Current decline from peak	-69.35%	-18.25%	-51.10%
Average Drawdown Average peak-to-trough decline	-53.93%	-40.57%	-13.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.51%	—	—

Volatility

Volatility by Period

	TSLL	NBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	87.53%	199.14%	-111.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.85%	199.14%	-92.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.85%	199.14%	-92.29%

TSLL vs. NBIG - Expense Ratio Comparison

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

Dividends

TSLL vs. NBIG - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 8.63%, while NBIG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
NBIG Leverage Shares 2X Long NBIS Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TSLL Direxion Daily TSLA Bull 2X ETF	8.63%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both TSLL and NBIG in my portfolio?

TSLL and NBIG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLL or NBIG?

On fees, NBIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSLL or NBIG?

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

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

TSLL has the higher dividend yield at 8.63%, compared with 0.00% for NBIG.

What is the main difference between TSLL and NBIG?

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