TSLL vs. SCHD

Last updated Jun 14, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. TSLL is actively managed, while SCHD is passively managed. Over the past 3 years, TSLL returned -3.31%/yr vs 14.90%/yr for SCHD. At a 0.28 correlation, their price movements are largely independent. TSLL charges 0.83%/yr vs 0.06%/yr for SCHD.

Performance

TSLL vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bull 2X ETF (TSLL) and Schwab U.S. Dividend Equity ETF (SCHD). 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 SCHD's 20.66% return.

TSLL

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

SCHD

• 1D: 0.89%
• 1M: 3.47%
• YTD: 20.66%
• 6M: 19.57%
• 1Y: 26.72%
• 3Y*: 14.90%
• 5Y*: 8.75%
• 10Y*: 12.91%

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

TSLL vs. SCHD - 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%
SCHD Schwab U.S. Dividend Equity ETF	20.66%	4.34%	11.66%	4.54%	3.00%

Correlation

The correlation between TSLL and SCHD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.28

The correlation between TSLL and SCHD shifts across timeframes, from 0.16 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

TSLL vs. SCHD - Sectors Allocation Comparison

Sectors	TSLL	SCHD
Consumer Cyclical	100.0%	6.7%
Basic Materials	-	1.2%
Communication Services	-	6.0%
Consumer Defensive	-	18.5%
Energy	-	14.6%
Financial Services	-	9.1%
Healthcare	-	18.4%
Industrials	-	7.4%
Real Estate	-	-
Technology	-	19.4%
Utilities	-	0.0%

Return for Risk

TSLL vs. SCHD — 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

SCHD

SCHD Risk / Return Rank: 87
SCHD Sharpe Ratio Rank: 86
SCHD Sortino Ratio Rank: 90
SCHD Omega Ratio Rank: 83
SCHD Calmar Ratio Rank: 93
SCHD Martin Ratio Rank: 81

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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.20	2.41	-2.21
Sortino ratio: Return per unit of downside risk	0.92	3.72	-2.80
Omega ratio: Gain probability vs. loss probability	1.10	1.43	-0.33
Calmar ratio: Return relative to maximum drawdown	0.32	5.70	-5.37
Martin ratio: Return relative to average drawdown	0.65	13.97	-13.31

TSLL vs. SCHD - Sharpe Ratio Comparison

The current TSLL Sharpe Ratio is 0.20, which is lower than the SCHD Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of TSLL and SCHD, 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. SCHD - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for TSLL and SCHD.

Drawdown Indicators

	TSLL	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-33.37%	-49.51%
Max Drawdown (1Y) Largest decline over 1 year	-54.75%	-4.61%	-50.14%
Max Drawdown (3Y) Largest decline over 3 years	-82.88%	-16.13%	-66.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-63.81%	-0.03%	-63.78%
Average Drawdown Average peak-to-trough decline	-53.85%	-3.31%	-50.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.01%	1.89%	+25.12%

Volatility

TSLL vs. SCHD - Volatility Comparison

Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 28.50% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.05%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLL	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.50%	3.05%	+25.45%
Volatility (6M) Calculated over the trailing 6-month period	57.37%	7.53%	+49.84%
Volatility (1Y) Calculated over the trailing 1-year period	88.62%	10.93%	+77.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.00%	14.38%	+92.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.00%	16.72%	+90.28%

TSLL vs. SCHD - Expense Ratio Comparison

TSLL has a 0.83% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

TSLL vs. SCHD - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 7.14%, more than SCHD's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.22%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
TSLL Direxion Daily TSLA Bull 2X ETF	7.14%	5.00%	2.47%	4.44%	1.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLL and SCHD in my portfolio?

TSLL and SCHD have a correlation of 0.16, 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 SCHD?

TSLL has higher volatility (28.50%) compared to SCHD (3.05%). In terms of maximum drawdown, TSLL dropped -82.88% vs SCHD's -33.37%.

Which ETF is better, TSLL or SCHD?

On 3-year performance, SCHD leads with 14.90% vs -3.31% for TSLL. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLL or SCHD?

Over the 3-year period, SCHD has performed better with a 14.90% return vs -3.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLL or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.83% for TSLL.

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

TSLL has the higher dividend yield at 7.14%, compared with 3.22% for SCHD.

What is the main difference between TSLL and SCHD?

TSLL is categorized as Leveraged Equities, while SCHD is Dividend. They also come from different issuers: Direxion and Charles Schwab. Their fees differ too: 0.83% for TSLL and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.41 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.