TSLL vs. NVDX

Last updated Jun 14, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) and NVDX (T-REX 2X Long NVIDIA Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, TSLL returned 13.30% vs 57.42% for NVDX. At a 0.35 correlation, their price movements are largely independent. TSLL charges 0.83%/yr vs 1.05%/yr for NVDX.

Performance

TSLL vs. NVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bull 2X ETF (TSLL) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLL achieves a -28.34% return, which is significantly lower than NVDX's 5.90% return.

TSLL

• 1D: 3.58%
• 1M: -18.38%
• YTD: -28.34%
• 6M: -32.14%
• 1Y: 13.30%
• 3Y*: -3.31%
• 5Y*: —
• 10Y*: —

NVDX

• 1D: 0.28%
• 1M: -26.24%
• YTD: 5.90%
• 6M: 18.39%
• 1Y: 57.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLL vs. NVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLL Direxion Daily TSLA Bull 2X ETF	-28.34%	-26.80%	99.63%	0.60%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	5.90%	26.24%	384.03%	28.06%

Correlation

The correlation between TSLL and NVDX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.35

TSLL vs. NVDX - Sectors Allocation Comparison

Sectors	TSLL	NVDX
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. NVDX — Risk / Return Rank

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

TSLL

TSLL Risk / Return Rank: 15
TSLL Sharpe Ratio Rank: 13
TSLL Sortino Ratio Rank: 19
TSLL Omega Ratio Rank: 18
TSLL Calmar Ratio Rank: 13
TSLL Martin Ratio Rank: 13

NVDX

NVDX Risk / Return Rank: 26
NVDX Sharpe Ratio Rank: 24
NVDX Sortino Ratio Rank: 28
NVDX Omega Ratio Rank: 27
NVDX Calmar Ratio Rank: 27
NVDX Martin Ratio Rank: 23

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. NVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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	NVDX	Difference
Sharpe ratio: Return per unit of total volatility	0.20	0.73	-0.53
Sortino ratio: Return per unit of downside risk	0.92	1.38	-0.47
Omega ratio: Gain probability vs. loss probability	1.10	1.17	-0.06
Calmar ratio: Return relative to maximum drawdown	0.32	1.16	-0.84
Martin ratio: Return relative to average drawdown	0.65	2.58	-1.93

TSLL vs. NVDX - Sharpe Ratio Comparison

The current TSLL Sharpe Ratio is 0.20, which is lower than the NVDX Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of TSLL and NVDX, 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. NVDX - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for TSLL and NVDX.

Drawdown Indicators

	TSLL	NVDX	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-68.19%	-14.69%
Max Drawdown (1Y) Largest decline over 1 year	-54.75%	-43.76%	-10.99%
Max Drawdown (3Y) Largest decline over 3 years	-82.88%	—	—
Current Drawdown Current decline from peak	-63.81%	-26.24%	-37.57%
Average Drawdown Average peak-to-trough decline	-53.85%	-20.30%	-33.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.01%	19.70%	+7.31%

Volatility

TSLL vs. NVDX - Volatility Comparison

Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 28.50% compared to T-REX 2X Long NVIDIA Daily Target ETF (NVDX) at 26.64%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLL	NVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.50%	26.64%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	57.37%	53.29%	+4.08%
Volatility (1Y) Calculated over the trailing 1-year period	88.62%	70.00%	+18.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.00%	95.57%	+11.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.00%	95.57%	+11.43%

TSLL vs. NVDX - Expense Ratio Comparison

TSLL has a 0.83% expense ratio, which is lower than NVDX's 1.05% expense ratio.

Dividends

TSLL vs. NVDX - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 7.14%, more than NVDX's 3.16% yield.

Position	TTM	2025	2024	2023	2022
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.16%	3.35%	15.48%	0.00%	0.00%
TSLL Direxion Daily TSLA Bull 2X ETF	7.14%	5.00%	2.47%	4.44%	1.57%

Frequently Asked Questions

Can I hold both TSLL and NVDX in my portfolio?

TSLL and NVDX have a correlation of 0.36, 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 NVDX?

TSLL has higher volatility (28.50%) compared to NVDX (26.64%). In terms of maximum drawdown, TSLL dropped -82.88% vs NVDX's -68.19%.

Which ETF is better, TSLL or NVDX?

On 1-year performance, NVDX leads with 57.42% vs 13.30% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, NVDX has been the lower-risk option at 26.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLL or NVDX?

Over the 1-year period, NVDX has performed better with a 57.42% return vs 13.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLL or NVDX?

TSLL is cheaper with a 0.83% expense ratio, compared with 1.05% for NVDX.

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

TSLL has the higher dividend yield at 7.14%, compared with 3.16% for NVDX.

What is the main difference between TSLL and NVDX?

They also come from different issuers: Direxion and REX. Their fees differ too: 0.83% for TSLL and 1.05% for NVDX.

Which has better risk-adjusted returns?

NVDX currently has the higher Sharpe Ratio (0.73 vs 0.20), 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.