TSLL vs. NVDU

Last updated Jun 4, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. Over the past year, TSLL returned 7.17% vs 84.73% for NVDU. At a 0.35 correlation, their price movements are largely independent. TSLL charges 0.83%/yr vs 1.04%/yr for NVDU.

Performance

TSLL vs. NVDU - Performance Comparison

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

Returns By Period

In the year-to-date period, TSLL achieves a -20.85% return, which is significantly lower than NVDU's 19.93% return.

TSLL

• 1D: 0.00%
• 1M: 13.88%
• YTD: -20.85%
• 6M: -21.38%
• 1Y: 7.17%
• 3Y*: 9.79%
• 5Y*: —
• 10Y*: —

NVDU

• 1D: -7.30%
• 1M: 14.13%
• YTD: 19.93%
• 6M: 27.09%
• 1Y: 84.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLL vs. NVDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLL Direxion Daily TSLA Bull 2X ETF	-20.85%	-26.80%	99.63%	-15.87%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	19.93%	33.65%	289.29%	9.96%

Correlation

The correlation between TSLL and NVDU is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.35

TSLL vs. NVDU - Sectors Allocation Comparison

Sectors	TSLL	NVDU
Consumer Cyclical	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

TSLL vs. NVDU — Risk / Return Rank

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

TSLL

TSLL Risk / Return Rank: 12
TSLL Sharpe Ratio Rank: 9
TSLL Sortino Ratio Rank: 15
TSLL Omega Ratio Rank: 15
TSLL Calmar Ratio Rank: 10
TSLL Martin Ratio Rank: 10

NVDU

NVDU Risk / Return Rank: 34
NVDU Sharpe Ratio Rank: 34
NVDU Sortino Ratio Rank: 35
NVDU Omega Ratio Rank: 33
NVDU Calmar Ratio Rank: 40
NVDU Martin Ratio Rank: 31

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. NVDU - Risk-Adjusted Trends Comparison

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

	TSLL	NVDU	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.26	-1.18
Sortino ratio: Return per unit of downside risk	0.77	1.89	-1.12
Omega ratio: Gain probability vs. loss probability	1.09	1.23	-0.13
Calmar ratio: Return relative to maximum drawdown	0.13	2.02	-1.88
Martin ratio: Return relative to average drawdown	0.27	4.60	-4.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLL vs. NVDU - Sharpe Ratio Comparison

The current TSLL Sharpe Ratio is 0.08, which is lower than the NVDU Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of TSLL and NVDU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLL	NVDU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	1.26	-1.18
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	1.14	-1.22

Drawdowns

TSLL vs. NVDU - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than NVDU's maximum drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for TSLL and NVDU.

Drawdown Indicators

	TSLL	NVDU	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-67.27%	-15.61%
Max Drawdown (1Y) Largest decline over 1 year	-54.75%	-42.27%	-12.48%
Max Drawdown (3Y) Largest decline over 3 years	-82.88%	—	—
Current Drawdown Current decline from peak	-60.03%	-18.32%	-41.71%
Average Drawdown Average peak-to-trough decline	-53.82%	-18.84%	-34.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.72%	18.47%	+8.25%

Volatility

TSLL vs. NVDU - Volatility Comparison

Direxion Daily TSLA Bull 2X ETF (TSLL) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU) have volatilities of 24.26% and 24.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLL	NVDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.26%	24.74%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	54.47%	50.50%	+3.97%
Volatility (1Y) Calculated over the trailing 1-year period	92.38%	68.02%	+24.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.87%	91.06%	+15.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.87%	91.06%	+15.81%

TSLL vs. NVDU - Expense Ratio Comparison

TSLL has a 0.83% expense ratio, which is lower than NVDU's 1.04% expense ratio.

Dividends

TSLL vs. NVDU - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 6.46%, more than NVDU's 4.83% yield.

Position	TTM	2025	2024	2023	2022
NVDU Direxion Daily NVDA Bull 2X Shares ETF	4.83%	5.68%	16.85%	0.63%	0.00%
TSLL Direxion Daily TSLA Bull 2X ETF	6.46%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both TSLL and NVDU in my portfolio?

TSLL and NVDU have a correlation of 0.34, 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 NVDU?

NVDU has higher volatility (24.74%) compared to TSLL (24.26%). In terms of maximum drawdown, TSLL dropped -82.88% vs NVDU's -67.27%.

Which ETF is better, TSLL or NVDU?

On 1-year performance, NVDU leads with 84.73% vs 7.17% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, TSLL has been the lower-risk option at 24.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLL or NVDU?

Over the 1-year period, NVDU has performed better with a 84.73% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLL or NVDU?

TSLL is cheaper with a 0.83% expense ratio, compared with 1.04% for NVDU.

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

TSLL has the higher dividend yield at 6.46%, compared with 4.83% for NVDU.

What is the main difference between TSLL and NVDU?

Their fees differ too: 0.83% for TSLL and 1.04% for NVDU.

Which has better risk-adjusted returns?

NVDU currently has the higher Sharpe Ratio (1.26 vs 0.08), 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.