TSLL vs. TLSA
TSLL (Direxion Daily TSLA Bull 2X ETF) is Leveraged Equities fund actively managed by Direxion, while TLSA (Tiziana Life Sciences PLC) is a stock. Over the past 3 years, TSLL returned 9.79%/yr vs 4.64%/yr for TLSA. At a 0.09 correlation, their price movements are largely independent.
Performance
TSLL vs. TLSA - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TSLL having a -20.85% return and TLSA slightly higher at -20.81%.
TSLL
- 1D
- 0.00%
- 1M
- 13.88%
- YTD
- -20.85%
- 6M
- -21.38%
- 1Y
- 7.17%
- 3Y*
- 9.79%
- 5Y*
- —
- 10Y*
- —
TLSA
- 1D
- -13.24%
- 1M
- -15.11%
- YTD
- -20.81%
- 6M
- -30.18%
- 1Y
- -16.90%
- 3Y*
- 4.64%
- 5Y*
- -12.87%
- 10Y*
- —
TSLL vs. TLSA - 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% |
TLSA Tiziana Life Sciences PLC | -20.81% | 114.02% | 24.32% | -6.43% | -18.00% |
Correlation
The correlation between TSLL and TLSA is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | 0.09 |
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Return for Risk
TSLL vs. TLSA — Risk / Return Rank
TSLL
TLSA
TSLL vs. TLSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Tiziana Life Sciences PLC (TLSA). 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 | TLSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.03 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.31 | +0.45 |
| Martin ratioReturn relative to average drawdown | 0.27 | -0.50 | +0.77 |
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 | TLSA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | -0.21 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.04 | -0.04 |
Drawdowns
TSLL vs. TLSA - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, smaller than the maximum TLSA drawdown of -94.03%. Use the drawdown chart below to compare losses from any high point for TSLL and TLSA.
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Drawdown Indicators
| TSLL | TLSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -94.03% | +11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -54.75% | -54.00% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -55.66% | -27.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.02% | — |
Current DrawdownCurrent decline from peak | -60.03% | -83.12% | +23.09% |
Average DrawdownAverage peak-to-trough decline | -53.82% | -70.29% | +16.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.72% | 34.09% | -7.37% |
Volatility
TSLL vs. TLSA - Volatility Comparison
The current volatility for Direxion Daily TSLA Bull 2X ETF (TSLL) is 24.26%, while Tiziana Life Sciences PLC (TLSA) has a volatility of 26.73%. This indicates that TSLL experiences smaller price fluctuations and is considered to be less risky than TLSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLL | TLSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.26% | 26.73% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 54.47% | 54.90% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.38% | 79.45% | +12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.87% | 92.71% | +14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.87% | 112.60% | -5.73% |
Dividends
TSLL vs. TLSA - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 6.46%, while TLSA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TLSA Tiziana Life Sciences PLC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 6.46% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
TSLL and TLSA have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLSA has higher volatility (26.73%) compared to TSLL (24.26%). In terms of maximum drawdown, TSLL dropped -82.88% vs TLSA's -94.03%.
TSLL currently has the higher Sharpe Ratio (0.08 vs -0.21), 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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