TSLL vs. TSLTX

Last updated Jun 4, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) and TSLTX (Transamerica Small Cap Value) are both funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while TSLTX is a Small Cap Value Equities fund managed by Transamerica. Over the past 3 years, TSLL returned 9.79%/yr vs 18.28%/yr for TSLTX. At a 0.42 correlation, their price movements are largely independent. TSLL charges 0.83%/yr vs 0.80%/yr for TSLTX.

Performance

TSLL vs. TSLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bull 2X ETF (TSLL) and Transamerica Small Cap Value (TSLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLL achieves a -20.85% return, which is significantly lower than TSLTX's 21.86% return.

TSLL

• 1D: 0.00%
• 1M: 13.88%
• YTD: -20.85%
• 6M: -21.38%
• 1Y: 7.17%
• 3Y*: 9.79%
• 5Y*: —
• 10Y*: —

TSLTX

• 1D: 1.45%
• 1M: 3.45%
• YTD: 21.86%
• 6M: 21.98%
• 1Y: 43.32%
• 3Y*: 18.28%
• 5Y*: 8.23%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLL vs. TSLTX - 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%
TSLTX Transamerica Small Cap Value	21.86%	9.56%	12.59%	8.84%	-4.72%

Correlation

The correlation between TSLL and TSLTX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.42

Return for Risk

TSLL vs. TSLTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLL

TSLL Risk / Return Rank: 12
TSLL Sharpe Ratio Rank: 9
TSLL Sortino Ratio Rank: 15
TSLL Omega Ratio Rank: 15
TSLL Calmar Ratio Rank: 10
TSLL Martin Ratio Rank: 10

TSLTX

TSLTX Risk / Return Rank: 86
TSLTX Sharpe Ratio Rank: 86
TSLTX Sortino Ratio Rank: 82
TSLTX Omega Ratio Rank: 73
TSLTX Calmar Ratio Rank: 95
TSLTX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLL vs. TSLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Transamerica Small Cap Value (TSLTX). 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	TSLTX	Difference
Sharpe ratio: Return per unit of total volatility	0.08	2.78	-2.70
Sortino ratio: Return per unit of downside risk	0.77	3.87	-3.10
Omega ratio: Gain probability vs. loss probability	1.09	1.48	-0.39
Calmar ratio: Return relative to maximum drawdown	0.13	5.91	-5.78
Martin ratio: Return relative to average drawdown	0.27	19.60	-19.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLL vs. TSLTX - Sharpe Ratio Comparison

The current TSLL Sharpe Ratio is 0.08, which is lower than the TSLTX Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of TSLL and TSLTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLL	TSLTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	2.78	-2.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.20	-0.28

Drawdowns

TSLL vs. TSLTX - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than TSLTX's maximum drawdown of -55.58%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLTX.

Drawdown Indicators

	TSLL	TSLTX	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-55.58%	-27.30%
Max Drawdown (1Y) Largest decline over 1 year	-54.75%	-7.73%	-47.02%
Max Drawdown (3Y) Largest decline over 3 years	-82.88%	-26.62%	-56.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.58%	—
Current Drawdown Current decline from peak	-60.03%	-17.80%	-42.23%
Average Drawdown Average peak-to-trough decline	-53.82%	-28.46%	-25.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.72%	2.33%	+24.39%

Volatility

TSLL vs. TSLTX - Volatility Comparison

Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 24.26% compared to Transamerica Small Cap Value (TSLTX) at 4.14%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than TSLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLL	TSLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.26%	4.14%	+20.12%
Volatility (6M) Calculated over the trailing 6-month period	54.47%	10.91%	+43.56%
Volatility (1Y) Calculated over the trailing 1-year period	92.38%	16.47%	+75.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.87%	50.00%	+56.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.87%	43.61%	+63.26%

TSLL vs. TSLTX - Expense Ratio Comparison

TSLL has a 0.83% expense ratio, which is higher than TSLTX's 0.80% expense ratio.

Dividends

TSLL vs. TSLTX - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 6.46%, more than TSLTX's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TSLL Direxion Daily TSLA Bull 2X ETF	6.46%	5.00%	2.47%	4.44%	1.57%	0.00%	0.00%	0.00%	0.00%
TSLTX Transamerica Small Cap Value	4.41%	5.38%	27.99%	2.99%	21.70%	77.67%	0.24%	4.26%	11.17%

Frequently Asked Questions

Can I hold both TSLL and TSLTX in my portfolio?

TSLL and TSLTX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLL or TSLTX?

TSLL has higher volatility (24.26%) compared to TSLTX (4.14%). In terms of maximum drawdown, TSLL dropped -82.88% vs TSLTX's -55.58%.

Which has better risk-adjusted returns?

TSLTX currently has the higher Sharpe Ratio (2.78 vs 0.08), 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.