TSLS vs. TSLA

Last updated Aug 1, 2026

TSLS (Direxion Daily TSLA Bear 1X ETF) is Inverse Equities fund tracking the Tesla, Inc. (-100% Daily), while TSLA (Tesla, Inc.) is a stock. Over the past 3 years, TSLS returned -27.51%/yr vs 6.03%/yr for TSLA. Their -1.00 correlation means they have often moved in opposite directions in the past.

Performance

TSLS vs. TSLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bear 1X ETF (TSLS) and Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLS achieves a 33.30% return, which is significantly higher than TSLA's -30.80% return.

TSLS

• 1D: -0.74%
• 1M: 22.65%
• 6M: 27.99%
• YTD: 33.30%
• 1Y: -14.97%
• 3Y*: -27.51%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -25.22%

TSLA

• 1D: 0.76%
• 1M: -20.90%
• 6M: -27.69%
• YTD: -30.80%
• 1Y: 2.84%
• 3Y*: 6.03%
• 5Y*: 6.32%
• 10Y*: 35.29%
• ALL TIME*: 40.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSLA Tesla, Inc.	$15.40B	$15.32B	$18.68B
TSLS Direxion Daily TSLA Bear 1X ETF	$28.97M	$27.46M	$30.88M

TSLS vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TSLS Direxion Daily TSLA Bear 1X ETF	33.30%	-34.95%	-55.71%	-60.12%	105.60%
TSLA Tesla, Inc.	-30.80%	11.36%	62.52%	101.72%	-57.59%

Correlation

The correlation between TSLS and TSLA is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-1.00
Correlation (3Y) Balances recent behavior with more history.	-1.00
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	-1.00

The correlation between TSLS and TSLA has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.

Return for Risk

TSLS vs. TSLA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSLS

TSLS Risk / Return Rank: 8
TSLS Sharpe Ratio Rank: 7
TSLS Sortino Ratio Rank: 8
TSLS Omega Ratio Rank: 8
TSLS Calmar Ratio Rank: 7
TSLS Martin Ratio Rank: 8

TSLA

TSLA Risk / Return Rank: 44
TSLA Sharpe Ratio Rank: 45
TSLA Sortino Ratio Rank: 42
TSLA Omega Ratio Rank: 41
TSLA Calmar Ratio Rank: 46
TSLA Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSLS vs. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X ETF (TSLS) and Tesla, Inc. (TSLA). 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.

	TSLS	TSLA	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	0.02	-0.31
Sortino ratio: Return per unit of downside risk	-0.11	0.36	-0.46
Omega ratio: Gain probability vs. loss probability	0.99	1.04	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.32	0.02	-0.35
Martin ratio: Return relative to average drawdown	-0.45	0.06	-0.51

TSLS vs. TSLA - Sharpe Ratio Comparison

The current TSLS Sharpe Ratio is -0.28, which is lower than the TSLA Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of TSLS and TSLA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLS vs. TSLA - Drawdown Comparison

The maximum TSLS drawdown since its inception was -90.73%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLS and TSLA.

Drawdown Indicators

	TSLS	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-90.73%	-73.63%	-17.10%
Max Drawdown (1Y) Largest decline over 1 year	-41.36%	-39.10%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	-84.16%	-53.77%	-30.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-73.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.63%	—
Current Drawdown Current decline from peak	-86.56%	-36.47%	-50.09%
Average Drawdown Average peak-to-trough decline	-64.44%	-22.72%	-41.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.53%	15.31%	+14.22%

Volatility

TSLS vs. TSLA - Volatility Comparison

The current volatility for Direxion Daily TSLA Bear 1X ETF (TSLS) is 19.07%, while Tesla, Inc. (TSLA) has a volatility of 20.43%. This indicates that TSLS experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLS	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.07%	20.43%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	33.98%	34.55%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	46.81%	46.36%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.98%	59.65%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.98%	59.43%	-0.45%

Dividends

TSLS vs. TSLA - Dividend Comparison

TSLS's dividend yield for the trailing twelve months is around 2.36%, while TSLA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
TSLA Tesla, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%
TSLS Direxion Daily TSLA Bear 1X ETF	2.36%	4.30%	7.62%	4.52%	3.46%

Frequently Asked Questions

Can I hold both TSLS and TSLA in my portfolio?

TSLS and TSLA have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLS or TSLA?

TSLA has higher volatility (20.43%) compared to TSLS (19.07%). In terms of maximum drawdown, TSLS dropped -90.73% vs TSLA's -73.63%.

Which has better risk-adjusted returns?

TSLA currently has the higher Sharpe Ratio (0.02 vs -0.28), 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.