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 -20.90%/yr vs 6.03%/yr for TSLA. Their 1.00 correlation means they have historically moved very closely together.
Performance
TSLL vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLL achieves a -61.15% return, which is significantly lower than TSLA's -30.80% return.
TSLL
- 1D
- 1.39%
- 1M
- -49.59%
- 6M
- -56.61%
- YTD
- -61.15%
- 1Y
- -27.70%
- 3Y*
- -20.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.74%
TSLA
- 1D
- 0.76%
- 1M
- -26.83%
- 6M
- -27.69%
- YTD
- -30.80%
- 1Y
- 0.95%
- 3Y*
- 6.03%
- 5Y*
- 6.32%
- 10Y*
- 35.29%
- ALL TIME*
- 40.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
TSLA Tesla, Inc. | $15.40B | $15.32B | $18.68B |
| $724.83M | $679.97M | $948.78M |
TSLL vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -61.15% | -26.80% | 99.63% | 139.86% | -74.99% |
TSLA Tesla, Inc. | -30.80% | 11.36% | 62.52% | 101.72% | -57.59% |
Correlation
The correlation between TSLL and TSLA is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 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 | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 0.02 | -0.42 |
| Martin ratioReturn relative to average drawdown | -0.88 | 0.06 | -0.94 |
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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 | -70.13% | -39.10% | -31.03% |
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 | -80.38% | -36.47% | -43.91% |
Average DrawdownAverage peak-to-trough decline | -54.36% | -22.72% | -31.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.62% | 15.31% | +16.31% |
Volatility
TSLL vs. TSLA - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 43.16% compared to Tesla, Inc. (TSLA) at 20.43%. 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 | 43.16% | 20.43% | +22.73% |
Volatility (6M)Calculated over the trailing 6-month period | 70.52% | 34.55% | +35.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.41% | 46.36% | +46.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.78% | 59.65% | +48.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.78% | 59.43% | +48.35% |
Dividends
TSLL vs. TSLA - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 13.48%, 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 | 13.48% | 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 (43.16%) compared to TSLA (20.43%). In terms of maximum drawdown, TSLL dropped -82.88% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.02 vs -0.30), 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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