TSLL vs. TSLY
Compare and contrast key facts about Direxion Daily TSLA Bull 1.5X Shares (TSLL) and YieldMax TSLA Option Income Strategy ETF (TSLY).
TSLL and TSLY 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. TSLY is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLL or TSLY.
Key characteristics
| TSLL | TSLY | |
|---|---|---|
| YTD Return | 40.93% | 12.13% |
| 1Y Return | 62.73% | 22.40% |
| Sharpe Ratio | 0.63 | 0.55 |
| Sortino Ratio | 1.74 | 1.06 |
| Omega Ratio | 1.21 | 1.14 |
| Calmar Ratio | 0.91 | 0.55 |
| Martin Ratio | 1.99 | 1.36 |
| Ulcer Index | 36.77% | 18.32% |
| Daily Std Dev | 116.77% | 45.20% |
| Max Drawdown | -81.21% | -45.63% |
| Current Drawdown | -22.02% | -7.24% |
Correlation
The correlation between TSLL and TSLY is 0.96, 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. TSLY - Performance Comparison
In the year-to-date period, TSLL achieves a 40.93% return, which is significantly higher than TSLY's 12.13% 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. TSLY - Expense Ratio Comparison
TSLL has a 1.08% expense ratio, which is higher than TSLY's 0.99% expense ratio.
Risk-Adjusted Performance
TSLL vs. TSLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 1.5X Shares (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.
Dividends
TSLL vs. TSLY - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 3.24%, less than TSLY's 70.96% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.24% | 4.43% | 1.58% |
TSLY YieldMax TSLA Option Income Strategy ETF | 70.96% | 76.47% | 0.00% |
Drawdowns
TSLL vs. TSLY - Drawdown Comparison
The maximum TSLL drawdown since its inception was -81.21%, which is greater than TSLY's maximum drawdown of -45.63%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLY. For additional features, visit the drawdowns tool.
Volatility
TSLL vs. TSLY - Volatility Comparison
Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a higher volatility of 52.64% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 19.51%. 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.