TSLL vs. PLTR
TSLL (Direxion Daily TSLA Bull 2X ETF) is Leveraged Equities fund actively managed by Direxion, while PLTR (Palantir Technologies Inc.) is a stock. Over the past 3 years, TSLL returned -3.31%/yr vs 99.99%/yr for PLTR. At a 0.45 correlation, their price movements are largely independent.
Performance
TSLL vs. PLTR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TSLL having a -28.34% return and PLTR slightly higher at -27.99%.
TSLL
- 1D
- 3.58%
- 1M
- -9.76%
- YTD
- -28.34%
- 6M
- -32.14%
- 1Y
- 13.30%
- 3Y*
- -3.31%
- 5Y*
- —
- 10Y*
- —
PLTR
- 1D
- -2.36%
- 1M
- -4.48%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -6.85%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
TSLL vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -28.34% | -26.80% | 99.63% | 139.86% | -74.99% |
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 167.45% | -34.62% |
Correlation
The correlation between TSLL and PLTR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.45 |
The correlation between TSLL and PLTR shifts across timeframes, from 0.32 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSLL vs. PLTR — Risk / Return Rank
TSLL
PLTR
TSLL vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Palantir Technologies Inc. (PLTR). 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 | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.03 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | -0.14 | +0.46 |
| Martin ratioReturn relative to average drawdown | 0.65 | -0.25 | +0.90 |
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Drawdowns
TSLL vs. PLTR - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, roughly equal to the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for TSLL and PLTR.
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Drawdown Indicators
| TSLL | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -84.62% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -54.75% | -38.22% | -16.53% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -40.61% | -42.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.14% | — |
Current DrawdownCurrent decline from peak | -63.81% | -38.22% | -25.59% |
Average DrawdownAverage peak-to-trough decline | -53.85% | -40.27% | -13.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.01% | 21.23% | +5.78% |
Volatility
TSLL vs. PLTR - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 28.50% compared to Palantir Technologies Inc. (PLTR) at 17.16%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLL | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.50% | 17.16% | +11.34% |
Volatility (6M)Calculated over the trailing 6-month period | 57.37% | 38.32% | +19.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.62% | 50.83% | +37.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.00% | 65.44% | +41.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.00% | 69.75% | +37.25% |
Dividends
TSLL vs. PLTR - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 7.14%, while PLTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PLTR Palantir Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 7.14% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
TSLL and PLTR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLL has higher volatility (28.50%) compared to PLTR (17.16%). In terms of maximum drawdown, TSLL dropped -82.88% vs PLTR's -84.62%.
TSLL currently has the higher Sharpe Ratio (0.20 vs -0.11), 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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