TSLL vs. TSLQ
TSLL (Direxion Daily TSLA Bull 2X ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both exchange-traded funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while TSLQ is a Inverse Equities fund actively managed by Tradr. Both are actively managed. Over the past 3 years, TSLL returned -20.90%/yr vs -60.20%/yr for TSLQ. Their -0.99 correlation means they have often moved in opposite directions in the past. TSLL charges 0.83%/yr vs 1.17%/yr for TSLQ.
Performance
TSLL vs. TSLQ - 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 TSLQ's 49.23% return.
TSLL
- 1D
- 1.39%
- 1M
- -40.57%
- 6M
- -56.61%
- YTD
- -61.15%
- 1Y
- -25.18%
- 3Y*
- -20.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.74%
TSLQ
- 1D
- -1.53%
- 1M
- 45.07%
- 6M
- 40.85%
- YTD
- 49.23%
- 1Y
- -46.08%
- 3Y*
- -60.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $724.83M | $679.97M | $948.78M | |
| $162.68M | $148.83M | $161.26M |
TSLL vs. TSLQ - 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% |
TSLQ Tradr 2X Short TSLA Daily ETF | 49.23% | -74.67% | -83.21% | -59.97% | 105.75% |
Correlation
The correlation between TSLL and TSLQ is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.99 |
The correlation between TSLL and TSLQ has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
TSLL vs. TSLQ — Risk / Return Rank
TSLL
TSLQ
TSLL vs. TSLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Tradr 2X Short TSLA Daily ETF (TSLQ). 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 | TSLQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.97 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.64 | +0.24 |
| Martin ratioReturn relative to average drawdown | -0.88 | -0.79 | -0.09 |
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Drawdowns
TSLL vs. TSLQ - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLQ.
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Drawdown Indicators
| TSLL | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -98.73% | +15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -70.13% | -69.32% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -97.85% | +14.97% |
Current DrawdownCurrent decline from peak | -80.38% | -97.78% | +17.40% |
Average DrawdownAverage peak-to-trough decline | -54.36% | -68.42% | +14.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.62% | 55.83% | -24.21% |
Volatility
TSLL vs. TSLQ - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 43.16% compared to Tradr 2X Short TSLA Daily ETF (TSLQ) at 36.98%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLL | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.16% | 36.98% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 70.52% | 67.32% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.41% | 92.69% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.78% | 95.64% | +12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.78% | 95.64% | +12.14% |
TSLL vs. TSLQ - Expense Ratio Comparison
TSLL has a 0.83% expense ratio, which is lower than TSLQ's 1.17% expense ratio.
Dividends
TSLL vs. TSLQ - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 13.48%, more than TSLQ's 7.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | 13.48% | 5.00% | 2.47% | 4.44% | 1.57% |
TSLQ Tradr 2X Short TSLA Daily ETF | 7.08% | 10.56% | 4.95% | 13.35% | 2.56% |
Frequently Asked Questions
TSLL and TSLQ have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLL has higher volatility (43.16%) compared to TSLQ (36.98%). In terms of maximum drawdown, TSLL dropped -82.88% vs TSLQ's -98.73%.
On 3-year performance, TSLL leads with -20.90% vs -60.20% for TSLQ. On fees, TSLL is cheaper at 0.83% per year. On volatility, TSLQ has been the lower-risk option at 36.98%. 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 -20.90% return vs -60.20%. 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 1.17% for TSLQ.
TSLL has the higher dividend yield at 13.48%, compared with 7.08% for TSLQ.
TSLL is categorized as Leveraged Equities, while TSLQ is Inverse Equities. They also come from different issuers: Direxion and Tradr. Their fees differ too: 0.83% for TSLL and 1.17% for TSLQ.
TSLL currently has the higher Sharpe Ratio (-0.30 vs -0.48), 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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