TSLL vs. TSLA
TSLL (Direxion Daily TSLA Bull 2X ETF) is Leveraged Equities fund actively managed by Direxion, while TSLA (Tesla, Inc.) is a stock. Over the past 3 years, TSLL returned -4.62%/yr vs 15.41%/yr for TSLA. With a 1.00 correlation, they move nearly in lockstep.
Performance
TSLL vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLL achieves a -30.60% return, which is significantly lower than TSLA's -10.95% return.
TSLL
- 1D
- 1.86%
- 1M
- -10.29%
- YTD
- -30.60%
- 6M
- -39.72%
- 1Y
- 12.20%
- 3Y*
- -4.62%
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- 1.04%
- 1M
- -4.02%
- YTD
- -10.95%
- 6M
- -16.77%
- 1Y
- 24.36%
- 3Y*
- 15.41%
- 5Y*
- 14.03%
- 10Y*
- 39.21%
TSLL vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -30.60% | -26.80% | 99.63% | 139.86% | -74.99% |
TSLA Tesla, Inc. | -10.95% | 11.36% | 62.52% | 101.72% | -57.59% |
Correlation
The correlation between TSLL and TSLA is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 1.00 |
The correlation between TSLL and TSLA has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
TSLL vs. TSLA — Risk / Return Rank
TSLL
TSLA
TSLL vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Tesla, Inc. (TSLA). 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 | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 0.82 | -0.59 |
| Martin ratioReturn relative to average drawdown | 0.44 | 1.84 | -1.40 |
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Drawdowns
TSLL vs. TSLA - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLA.
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Drawdown Indicators
| TSLL | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -73.63% | -9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -54.75% | -29.93% | -24.82% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -53.77% | -29.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -64.96% | -18.25% | -46.71% |
Average DrawdownAverage peak-to-trough decline | -53.89% | -22.71% | -31.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.50% | 13.25% | +14.25% |
Volatility
TSLL vs. TSLA - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 26.80% compared to Tesla, Inc. (TSLA) at 13.43%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLL | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.80% | 13.43% | +13.37% |
Volatility (6M)Calculated over the trailing 6-month period | 56.55% | 28.33% | +28.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.23% | 44.31% | +43.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.82% | 58.99% | +47.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.82% | 59.15% | +47.67% |
Dividends
TSLL vs. TSLA - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 7.37%, while TSLA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 2X ETF | 7.37% | 5.00% | 2.47% | 4.44% | 1.57% |
Frequently Asked Questions
With a correlation of 1.00, TSLL and TSLA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSLL has higher volatility (26.80%) compared to TSLA (13.43%). In terms of maximum drawdown, TSLL dropped -82.88% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.55 vs 0.14), 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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