TSLL vs. SOXS
TSLL (Direxion Daily TSLA Bull 2X ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion. TSLL is actively managed, while SOXS is passively managed. Over the past 3 years, TSLL returned 9.79%/yr vs -86.64%/yr for SOXS. At a correlation of -0.48, they often move in opposite directions. TSLL charges 0.83%/yr vs 1.08%/yr for SOXS.
Performance
TSLL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, TSLL achieves a -20.85% return, which is significantly higher than SOXS's -92.10% return.
TSLL
- 1D
- 0.00%
- 1M
- 13.88%
- YTD
- -20.85%
- 6M
- -21.38%
- 1Y
- 7.17%
- 3Y*
- 9.79%
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
TSLL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -20.85% | -26.80% | 99.63% | 139.86% | -73.85% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -59.55% | -84.56% | -6.94% |
Correlation
The correlation between TSLL and SOXS is -0.44, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | -0.48 |
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Return for Risk
TSLL vs. SOXS — Risk / Return Rank
TSLL
SOXS
TSLL vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.
| TSLL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.72 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.58 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -1.00 | +1.13 |
| Martin ratioReturn relative to average drawdown | 0.27 | -1.44 | +1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLL | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | -0.96 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.79 | +0.71 |
Drawdowns
TSLL vs. SOXS - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TSLL and SOXS.
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Drawdown Indicators
| TSLL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -100.00% | +17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -54.75% | -97.68% | +42.93% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -99.80% | +16.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -60.03% | -100.00% | +39.97% |
Average DrawdownAverage peak-to-trough decline | -53.82% | -92.60% | +38.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.72% | 68.64% | -41.92% |
Volatility
TSLL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily TSLA Bull 2X ETF (TSLL) is 24.26%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. This indicates that TSLL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.26% | 44.22% | -19.96% |
Volatility (6M)Calculated over the trailing 6-month period | 54.47% | 83.94% | -29.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.38% | 102.18% | -9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.87% | 108.21% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.87% | 100.48% | +6.39% |
TSLL vs. SOXS - Expense Ratio Comparison
TSLL has a 0.83% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
TSLL vs. SOXS - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 6.46%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
TSLL Direxion Daily TSLA Bull 2X ETF | 6.46% | 5.00% | 2.47% | 4.44% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLL and SOXS have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to TSLL (24.26%). In terms of maximum drawdown, TSLL dropped -82.88% vs SOXS's -100.00%.
On 3-year performance, TSLL leads with 9.79% vs -86.64% for SOXS. On fees, TSLL is cheaper at 0.83% per year. On volatility, TSLL has been the lower-risk option at 24.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TSLL has performed better with a 9.79% return vs -86.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLL is cheaper with a 0.83% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 68.34%, compared with 6.46% for TSLL.
Their fees differ too: 0.83% for TSLL and 1.08% for SOXS.
TSLL currently has the higher Sharpe Ratio (0.08 vs -0.96), 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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