TSLQ vs. TSLL
Compare and contrast key facts about AXS TSLA Bear Daily ETF (TSLQ) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).
TSLQ and TSLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLQ or TSLL.
Correlation
The correlation between TSLQ and TSLL is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TSLQ vs. TSLL - Performance Comparison
Key characteristics
TSLQ:
0.00
TSLL:
0.75
TSLQ:
4.57
TSLL:
1.92
TSLQ:
1.61
TSLL:
1.22
TSLQ:
0.03
TSLL:
1.20
TSLQ:
0.06
TSLL:
3.40
TSLQ:
40.64%
TSLL:
28.10%
TSLQ:
532.66%
TSLL:
126.96%
TSLQ:
-91.33%
TSLL:
-81.21%
TSLQ:
-54.87%
TSLL:
-54.62%
Returns By Period
In the year-to-date period, TSLQ achieves a 27.83% return, which is significantly higher than TSLL's -34.22% return.
TSLQ
27.83%
41.76%
29.42%
1.34%
N/A
N/A
TSLL
-34.22%
-35.09%
80.31%
98.51%
N/A
N/A
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TSLQ vs. TSLL - Expense Ratio Comparison
TSLQ has a 1.15% expense ratio, which is higher than TSLL's 1.08% expense ratio.
Risk-Adjusted Performance
TSLQ vs. TSLL — Risk-Adjusted Performance Rank
TSLQ
TSLL
TSLQ vs. TSLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AXS TSLA Bear Daily ETF (TSLQ) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). 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
TSLQ vs. TSLL - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 3.87%, more than TSLL's 3.76% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSLQ AXS TSLA Bear Daily ETF | 3.87% | 4.95% | 13.35% | 15.34% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.76% | 2.47% | 4.43% | 1.58% |
Drawdowns
TSLQ vs. TSLL - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -91.33%, which is greater than TSLL's maximum drawdown of -81.21%. Use the drawdown chart below to compare losses from any high point for TSLQ and TSLL. For additional features, visit the drawdowns tool.
Volatility
TSLQ vs. TSLL - Volatility Comparison
AXS TSLA Bear Daily ETF (TSLQ) and Direxion Daily TSLA Bull 1.5X Shares (TSLL) have volatilities of 27.32% and 27.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.