TSLL vs. SMH
Compare and contrast key facts about Direxion Daily TSLA Bull 1.5X Shares (TSLL) and VanEck Vectors Semiconductor ETF (SMH).
TSLL and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLL or SMH.
Key characteristics
| TSLL | SMH | |
|---|---|---|
| YTD Return | 42.44% | 41.61% |
| 1Y Return | 50.68% | 54.65% |
| Sharpe Ratio | 0.55 | 1.73 |
| Sortino Ratio | 1.67 | 2.24 |
| Omega Ratio | 1.20 | 1.30 |
| Calmar Ratio | 0.81 | 2.39 |
| Martin Ratio | 1.75 | 6.56 |
| Ulcer Index | 36.78% | 9.05% |
| Daily Std Dev | 116.62% | 34.39% |
| Max Drawdown | -81.21% | -95.73% |
| Current Drawdown | -21.19% | -11.96% |
Correlation
The correlation between TSLL and SMH is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSLL vs. SMH - Performance Comparison
The year-to-date returns for both stocks are quite close, with TSLL having a 42.44% return and SMH slightly lower at 41.61%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSLL vs. SMH - Expense Ratio Comparison
TSLL has a 1.08% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
TSLL vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 1.5X Shares (TSLL) and VanEck Vectors Semiconductor ETF (SMH). 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.
Dividends
TSLL vs. SMH - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 3.21%, more than SMH's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.21% | 4.43% | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
TSLL vs. SMH - Drawdown Comparison
The maximum TSLL drawdown since its inception was -81.21%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for TSLL and SMH. For additional features, visit the drawdowns tool.
Volatility
TSLL vs. SMH - Volatility Comparison
Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a higher volatility of 52.60% compared to VanEck Vectors Semiconductor ETF (SMH) at 7.71%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.