TSLL vs. TSLW
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 -11.43% vs 5.66% 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
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Returns By Period
In the year-to-date period, TSLL achieves a -39.31% return, which is significantly lower than TSLW's -21.82% return.
TSLL
- 1D
- -3.38%
- 1M
- -24.58%
- YTD
- -39.31%
- 6M
- -48.10%
- 1Y
- -11.43%
- 3Y*
- -7.94%
- 5Y*
- —
- 10Y*
- —
TSLW
- 1D
- -1.97%
- 1M
- -14.59%
- YTD
- -21.82%
- 6M
- -28.60%
- 1Y
- 5.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLL vs. TSLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -39.31% | 34.13% |
TSLW Roundhill TSLA WeeklyPay™ ETF | -21.82% | 35.28% |
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 2, 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.
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Return for Risk
TSLL vs. TSLW — Risk / Return Rank
TSLL
TSLW
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.
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 | TSLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.06 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.16 | -0.37 |
| Martin ratioReturn relative to average drawdown | -0.42 | 0.35 | -0.77 |
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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.
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Drawdown Indicators
| TSLL | TSLW | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -69.35% | -29.55% | -39.80% |
Average DrawdownAverage peak-to-trough decline | -53.93% | -13.42% | -40.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.51% | 16.39% | +11.12% |
Volatility
TSLL vs. TSLW - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 28.32% compared to Roundhill TSLA WeeklyPay™ ETF (TSLW) at 17.04%. 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.
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Volatility by Period
| TSLL | TSLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.32% | 17.04% | +11.28% |
Volatility (6M)Calculated over the trailing 6-month period | 56.74% | 34.12% | +22.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.53% | 52.62% | +34.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.85% | 55.97% | +50.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.85% | 55.97% | +50.88% |
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 8.63%, less than TSLW's 97.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | 8.63% | 5.00% | 2.47% | 4.44% | 1.57% |
TSLW Roundhill TSLA WeeklyPay™ ETF | 97.99% | 49.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
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.
TSLL has higher volatility (28.32%) compared to TSLW (17.04%). In terms of maximum drawdown, TSLL dropped -82.88% vs TSLW's -35.80%.
On 1-year performance, TSLW leads with 5.66% vs -11.43% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, TSLW has been the lower-risk option at 17.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLW has performed better with a 5.66% return vs -11.43%. 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 0.99% for TSLW.
TSLW has the higher dividend yield at 97.99%, compared with 8.63% for TSLL.
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.
TSLW currently has the higher Sharpe Ratio (0.11 vs -0.13), 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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