TSLL vs. TSLQ
Compare and contrast key facts about Direxion Daily TSLA Bull 1.5X Shares (TSLL) and AXS TSLA Bear Daily ETF (TSLQ).
TSLL and TSLQ 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. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLL or TSLQ.
Key characteristics
| TSLL | TSLQ | |
|---|---|---|
| YTD Return | 42.44% | -71.07% |
| 1Y Return | 50.68% | -72.47% |
| Sharpe Ratio | 0.55 | -0.76 |
| Sortino Ratio | 1.67 | -1.05 |
| Omega Ratio | 1.20 | 0.84 |
| Calmar Ratio | 0.81 | -0.82 |
| Martin Ratio | 1.75 | -2.26 |
| Ulcer Index | 36.78% | 32.74% |
| Daily Std Dev | 116.62% | 97.32% |
| Max Drawdown | -81.21% | -90.86% |
| Current Drawdown | -21.19% | -89.86% |
Correlation
The correlation between TSLL and TSLQ is -1.00. 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
TSLL vs. TSLQ - Performance Comparison
In the year-to-date period, TSLL achieves a 42.44% return, which is significantly higher than TSLQ's -71.07% 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. TSLQ - Expense Ratio Comparison
TSLL has a 1.08% expense ratio, which is lower than TSLQ's 1.15% expense ratio.
Risk-Adjusted Performance
TSLL vs. TSLQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 1.5X Shares (TSLL) and AXS TSLA Bear Daily ETF (TSLQ). 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. TSLQ - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 3.21%, less than TSLQ's 46.13% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.21% | 4.43% | 1.58% |
TSLQ AXS TSLA Bear Daily ETF | 46.13% | 13.35% | 2.56% |
Drawdowns
TSLL vs. TSLQ - Drawdown Comparison
The maximum TSLL drawdown since its inception was -81.21%, smaller than the maximum TSLQ drawdown of -90.86%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLQ. For additional features, visit the drawdowns tool.
Volatility
TSLL vs. TSLQ - Volatility Comparison
The current volatility for Direxion Daily TSLA Bull 1.5X Shares (TSLL) is 52.60%, while AXS TSLA Bear Daily ETF (TSLQ) has a volatility of 72.53%. This indicates that TSLL experiences smaller price fluctuations and is considered to be less risky than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.