TSLL vs. TSLW

Last updated Jun 4, 2026

TSLL (Direxion Daily TSLA Bull 2X ETF) and TSLW (Roundhill TSLA WeeklyPay™ ETF) are both exchange-traded funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while TSLW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, TSLL returned 7.17% vs 20.22% for TSLW. With a 1.00 correlation, they move nearly in lockstep. TSLL charges 0.83%/yr vs 0.99%/yr for TSLW.

Performance

TSLL vs. TSLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bull 2X ETF (TSLL) and Roundhill TSLA WeeklyPay™ ETF (TSLW). 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 TSLW's -9.26% return.

TSLL

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

TSLW

• 1D: -0.18%
• 1M: 9.09%
• YTD: -9.26%
• 6M: -9.14%
• 1Y: 20.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLL vs. TSLW - Yearly Performance Comparison

	2026 (YTD)	2025
TSLL Direxion Daily TSLA Bull 2X ETF	-20.85%	36.60%
TSLW Roundhill TSLA WeeklyPay™ ETF	-9.26%	33.77%

Correlation

The correlation between TSLL and TSLW 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 (All Time) Calculated using the full available price history since Jun 3, 2025	1.00

The correlation between TSLL and TSLW has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

TSLL vs. TSLW — 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

TSLW

TSLW Risk / Return Rank: 15
TSLW Sharpe Ratio Rank: 14
TSLW Sortino Ratio Rank: 17
TSLW Omega Ratio Rank: 17
TSLW Calmar Ratio Rank: 16
TSLW Martin Ratio Rank: 15

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. TSLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and Roundhill TSLA WeeklyPay™ ETF (TSLW). 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	TSLW	Difference
Sharpe ratio: Return per unit of total volatility	0.08	0.37	-0.29
Sortino ratio: Return per unit of downside risk	0.77	0.87	-0.10
Omega ratio: Gain probability vs. loss probability	1.09	1.11	-0.01
Calmar ratio: Return relative to maximum drawdown	0.13	0.57	-0.44
Martin ratio: Return relative to average drawdown	0.27	1.29	-1.02
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. TSLW - Sharpe Ratio Comparison

The current TSLL Sharpe Ratio is 0.08, which is lower than the TSLW Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of TSLL and TSLW, 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	TSLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	0.37	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.39	-0.46

Drawdowns

TSLL vs. TSLW - Drawdown Comparison

The maximum TSLL drawdown since its inception was -82.88%, which is greater than TSLW's maximum drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLW.

Drawdown Indicators

	TSLL	TSLW	Difference
Max Drawdown Largest peak-to-trough decline	-82.88%	-35.80%	-47.08%
Max Drawdown (1Y) Largest decline over 1 year	-54.75%	-35.80%	-18.95%
Max Drawdown (3Y) Largest decline over 3 years	-82.88%	—	—
Current Drawdown Current decline from peak	-60.03%	-18.23%	-41.80%
Average Drawdown Average peak-to-trough decline	-53.82%	-12.88%	-40.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.72%	15.77%	+10.95%

Volatility

TSLL vs. TSLW - Volatility Comparison

Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 24.26% compared to Roundhill TSLA WeeklyPay™ ETF (TSLW) at 14.56%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than TSLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLL	TSLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.26%	14.56%	+9.70%
Volatility (6M) Calculated over the trailing 6-month period	54.47%	32.83%	+21.64%
Volatility (1Y) Calculated over the trailing 1-year period	92.38%	55.52%	+36.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.87%	55.52%	+51.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.87%	55.52%	+51.35%

TSLL vs. TSLW - Expense Ratio Comparison

TSLL has a 0.83% expense ratio, which is lower than TSLW's 0.99% expense ratio.

Dividends

TSLL vs. TSLW - Dividend Comparison

TSLL's dividend yield for the trailing twelve months is around 6.46%, less than TSLW's 84.61% yield.

Position	TTM	2025	2024	2023	2022
TSLL Direxion Daily TSLA Bull 2X ETF	6.46%	5.00%	2.47%	4.44%	1.57%
TSLW Roundhill TSLA WeeklyPay™ ETF	84.61%	49.31%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLL and TSLW in my portfolio?

With a correlation of 1.00, TSLL and TSLW 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.

Which is riskier, TSLL or TSLW?

TSLL has higher volatility (24.26%) compared to TSLW (14.56%). In terms of maximum drawdown, TSLL dropped -82.88% vs TSLW's -35.80%.

Which ETF is better, TSLL or TSLW?

On 1-year performance, TSLW leads with 20.22% vs 7.17% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, TSLW has been the lower-risk option at 14.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLL or TSLW?

Over the 1-year period, TSLW has performed better with a 20.22% return vs 7.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLL or TSLW?

TSLL is cheaper with a 0.83% expense ratio, compared with 0.99% for TSLW.

Which ETF pays a higher dividend yield, TSLL or TSLW?

TSLW has the higher dividend yield at 84.61%, compared with 6.46% for TSLL.

What is the main difference between TSLL and TSLW?

TSLL is categorized as Leveraged Equities, while TSLW is Derivative Income. They also come from different issuers: Direxion and Roundhill. Their fees differ too: 0.83% for TSLL and 0.99% for TSLW.

Which has better risk-adjusted returns?

TSLW currently has the higher Sharpe Ratio (0.37 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.