TSLL vs. TSLR
Compare and contrast key facts about Direxion Daily TSLA Bull 1.5X Shares (TSLL) and GraniteShares 2x Long TSLA Daily ETF (TSLR).
TSLL and TSLR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022. TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLL or TSLR.
Key characteristics
| TSLL | TSLR | |
|---|---|---|
| YTD Return | 42.44% | 19.14% |
| 1Y Return | 50.68% | 26.60% |
| Sharpe Ratio | 0.55 | 0.33 |
| Sortino Ratio | 1.67 | 1.42 |
| Omega Ratio | 1.20 | 1.17 |
| Calmar Ratio | 0.81 | 0.52 |
| Martin Ratio | 1.75 | 0.89 |
| Ulcer Index | 36.78% | 44.56% |
| Daily Std Dev | 116.62% | 121.49% |
| Max Drawdown | -81.21% | -76.58% |
| Current Drawdown | -21.19% | -11.59% |
Correlation
The correlation between TSLL and TSLR is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSLL vs. TSLR - Performance Comparison
In the year-to-date period, TSLL achieves a 42.44% return, which is significantly higher than TSLR's 19.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSLL vs. TSLR - Expense Ratio Comparison
TSLL has a 1.08% expense ratio, which is lower than TSLR's 1.50% expense ratio.
Risk-Adjusted Performance
TSLL vs. TSLR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 1.5X Shares (TSLL) and GraniteShares 2x Long TSLA Daily ETF (TSLR). 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.
Dividends
TSLL vs. TSLR - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 3.21%, while TSLR has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.21% | 4.43% | 1.58% |
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
TSLL vs. TSLR - Drawdown Comparison
The maximum TSLL drawdown since its inception was -81.21%, which is greater than TSLR's maximum drawdown of -76.58%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLR. For additional features, visit the drawdowns tool.
Volatility
TSLL vs. TSLR - Volatility Comparison
Direxion Daily TSLA Bull 1.5X Shares (TSLL) and GraniteShares 2x Long TSLA Daily ETF (TSLR) have volatilities of 52.60% and 52.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.