TSLL vs. Q

Last updated Jun 14, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) is Leveraged Equities fund actively managed by Direxion, while Q (Qnity Electronics, Inc) is a stock. At a 0.37 correlation, their price movements are largely independent.

Performance

TSLL vs. Q - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bull 2X ETF (TSLL) and Qnity Electronics, Inc (Q). 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 Q's 84.72% return.

TSLL

• 1D: 3.58%
• 1M: -9.76%
• YTD: -28.34%
• 6M: -32.14%
• 1Y: 13.30%
• 3Y*: -3.31%
• 5Y*: —
• 10Y*: —

Q

• 1D: 1.03%
• 1M: -4.14%
• YTD: 84.72%
• 6M: 91.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLL vs. Q - Yearly Performance Comparison

	2026 (YTD)	2025
TSLL Direxion Daily TSLA Bull 2X ETF	-28.34%	-8.14%
Q Qnity Electronics, Inc	84.72%	-16.62%

Correlation

The correlation between TSLL and Q is 0.37, 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 Nov 3, 2025	0.37

Return for Risk

TSLL vs. Q — 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

Q

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. Q - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Qnity Electronics, Inc (Q). 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	Q	Difference
Sharpe ratio: Return per unit of total volatility	0.20	—	—
Sortino ratio: Return per unit of downside risk	0.92	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.32	—	—
Martin ratio: Return relative to average drawdown	0.65	—	—

Drawdowns

TSLL vs. Q - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than Q's maximum drawdown of -27.12%. Use the drawdown chart below to compare losses from any high point for TSLL and Q.

Drawdown Indicators

	TSLL	Q	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-27.12%	-55.76%
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	-63.81%	-10.47%	-53.34%
Average Drawdown Average peak-to-trough decline	-53.85%	-8.90%	-44.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.01%	—	—

Volatility

Volatility by Period

	TSLL	Q	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	88.62%	56.27%	+32.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.00%	56.27%	+50.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.00%	56.27%	+50.73%

Dividends

TSLL vs. Q - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 7.14%, more than Q's 0.15% yield.

Position	TTM	2025	2024	2023	2022
Q Qnity Electronics, Inc	0.15%	0.07%	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

Can I hold both TSLL and Q in my portfolio?

TSLL and Q have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.