TSLS vs. SOXS
Compare and contrast key facts about Direxion Daily TSLA Bear 1X Shares (TSLS) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
TSLS and SOXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLS is a passively managed fund by Direxion that tracks the performance of the Tesla Inc (--100%). It was launched on Aug 8, 2022. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010. Both TSLS and SOXS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TSLS vs. SOXS - Performance Comparison
Loading graphics...
TSLS vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 19.60% | -34.95% | -55.71% | -60.12% | 100.52% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -35.85% | -85.53% | -59.55% | -84.56% | -6.94% |
Returns By Period
In the year-to-date period, TSLS achieves a 19.60% return, which is significantly higher than SOXS's -35.85% return.
TSLS
- 1D
- -4.60%
- 1M
- 7.51%
- YTD
- 19.60%
- 6M
- 13.90%
- 1Y
- -44.43%
- 3Y*
- -36.45%
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -18.22%
- 1M
- 12.17%
- YTD
- -35.85%
- 6M
- -60.64%
- 1Y
- -92.86%
- 3Y*
- -75.94%
- 5Y*
- -69.51%
- 10Y*
- -74.41%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TSLS vs. SOXS - Expense Ratio Comparison
TSLS has a 1.07% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Return for Risk
TSLS vs. SOXS — Risk / Return Rank
TSLS
SOXS
TSLS vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X Shares (TSLS) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.
| TSLS | SOXS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.80 | -0.78 | -0.03 |
Sortino ratioReturn per unit of downside risk | -1.02 | -1.97 | +0.95 |
Omega ratioGain probability vs. loss probability | 0.87 | 0.75 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.96 | +0.27 |
Martin ratioReturn relative to average drawdown | -0.89 | -1.09 | +0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TSLS | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | -0.78 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | -0.75 | +0.25 |
Correlation
The correlation between TSLS and SOXS is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TSLS vs. SOXS - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 2.92%, less than SOXS's 8.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 2.92% | 4.30% | 7.62% | 4.52% | 3.46% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 8.42% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Drawdowns
TSLS vs. SOXS - Drawdown Comparison
The maximum TSLS drawdown since its inception was -90.73%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TSLS and SOXS.
Loading graphics...
Drawdown Indicators
| TSLS | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.73% | -100.00% | +9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -62.78% | -96.52% | +33.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -87.94% | -100.00% | +12.06% |
Average DrawdownAverage peak-to-trough decline | -62.27% | -92.52% | +30.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.80% | 85.40% | -36.60% |
Volatility
TSLS vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily TSLA Bear 1X Shares (TSLS) is 11.33%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 40.43%. This indicates that TSLS experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TSLS | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.33% | 40.43% | -29.10% |
Volatility (6M)Calculated over the trailing 6-month period | 30.25% | 78.54% | -48.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.71% | 119.87% | -64.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.46% | 106.45% | -46.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.46% | 99.17% | -39.71% |