TSLL vs. TSLY
TSLL (Direxion Daily TSLA Bull 2X ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - TSLL is a Leveraged Equities fund actively managed by Direxion, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past 3 years, TSLL returned -20.90%/yr vs -0.29%/yr for TSLY. Their 0.97 correlation means they have historically moved very closely together. TSLL charges 0.83%/yr vs 1.07%/yr for TSLY.
Performance
TSLL vs. TSLY - 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 TSLY's -24.18% 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%
TSLY
- 1D
- 0.62%
- 1M
- -18.26%
- 6M
- -22.89%
- YTD
- -24.18%
- 1Y
- 7.14%
- 3Y*
- -0.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $724.83M | $679.97M | $948.78M | |
| $13.88M | $12.88M | $17.43M |
TSLL vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | -61.15% | -26.80% | 99.63% | 139.86% | -40.34% |
TSLY YieldMax TSLA Option Income Strategy ETF | -24.18% | 13.62% | 27.83% | 50.69% | -27.09% |
Correlation
The correlation between TSLL and TSLY is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.97 |
The correlation between TSLL and TSLY has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
TSLL vs. TSLY — Risk / Return Rank
TSLL
TSLY
TSLL vs. TSLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 2X ETF (TSLL) and YieldMax TSLA Option Income Strategy ETF (TSLY). 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 | TSLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.06 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 0.18 | -0.57 |
| Martin ratioReturn relative to average drawdown | -0.88 | 0.52 | -1.40 |
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Drawdowns
TSLL vs. TSLY - Drawdown Comparison
The maximum TSLL drawdown since its inception was -82.88%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLY.
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Drawdown Indicators
| TSLL | TSLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -49.52% | -33.36% |
Max Drawdown (1Y)Largest decline over 1 year | -70.13% | -31.78% | -38.35% |
Max Drawdown (3Y)Largest decline over 3 years | -82.88% | -49.52% | -33.36% |
Current DrawdownCurrent decline from peak | -80.38% | -29.10% | -51.28% |
Average DrawdownAverage peak-to-trough decline | -54.36% | -19.79% | -34.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.62% | 10.80% | +20.82% |
Volatility
TSLL vs. TSLY - Volatility Comparison
Direxion Daily TSLA Bull 2X ETF (TSLL) has a higher volatility of 43.16% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 18.70%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than TSLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLL | TSLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.16% | 18.70% | +24.46% |
Volatility (6M)Calculated over the trailing 6-month period | 70.52% | 29.69% | +40.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.41% | 38.29% | +54.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.78% | 46.00% | +61.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.78% | 46.00% | +61.78% |
TSLL vs. TSLY - Expense Ratio Comparison
TSLL has a 0.83% expense ratio, which is lower than TSLY's 1.07% expense ratio.
Dividends
TSLL vs. TSLY - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 13.48%, less than TSLY's 111.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | 13.48% | 5.00% | 2.47% | 4.44% | 1.57% |
TSLY YieldMax TSLA Option Income Strategy ETF | 111.92% | 91.19% | 82.30% | 76.47% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, TSLL and TSLY 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 (43.16%) compared to TSLY (18.70%). In terms of maximum drawdown, TSLL dropped -82.88% vs TSLY's -49.52%.
On 3-year performance, TSLY leads with -0.29% vs -20.90% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, TSLY has been the lower-risk option at 18.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TSLY has performed better with a -0.29% return vs -20.90%. 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 1.07% for TSLY.
TSLY has the higher dividend yield at 111.92%, compared with 13.48% for TSLL.
TSLL is categorized as Leveraged Equities, while TSLY is Options Trading. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.83% for TSLL and 1.07% for TSLY.
TSLY currently has the higher Sharpe Ratio (0.15 vs -0.30), 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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