TSLS vs. TSLA
TSLS (Direxion Daily TSLA Bear 1X Shares) is Inverse Equities fund tracking the Tesla Inc (--100%), while TSLA (Tesla, Inc.) is a stock. Over the past 3 years, TSLS returned -33.01%/yr vs 15.41%/yr for TSLA. At a correlation of -1.00, they often move in opposite directions.
Performance
TSLS vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLS achieves a 8.13% return, which is significantly higher than TSLA's -10.95% return.
TSLS
- 1D
- -0.93%
- 1M
- 5.25%
- YTD
- 8.13%
- 6M
- 15.67%
- 1Y
- -28.20%
- 3Y*
- -33.01%
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- 1.04%
- 1M
- -5.99%
- YTD
- -10.95%
- 6M
- -16.77%
- 1Y
- 24.31%
- 3Y*
- 15.41%
- 5Y*
- 14.03%
- 10Y*
- 39.21%
TSLS vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 8.13% | -34.95% | -55.71% | -60.12% | 105.60% |
TSLA Tesla, Inc. | -10.95% | 11.36% | 62.52% | 101.72% | -57.59% |
Correlation
The correlation between TSLS and TSLA is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -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.
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Return for Risk
TSLS vs. TSLA — Risk / Return Rank
TSLS
TSLA
TSLS vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X Shares (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 ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.12 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 0.82 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.94 | 1.84 | -2.78 |
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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.
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Drawdown Indicators
| TSLS | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.73% | -73.63% | -17.10% |
Max Drawdown (1Y)Largest decline over 1 year | -43.46% | -29.93% | -13.53% |
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 DrawdownCurrent decline from peak | -89.10% | -18.25% | -70.85% |
Average DrawdownAverage peak-to-trough decline | -63.72% | -22.71% | -41.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.29% | 13.25% | +17.04% |
Volatility
TSLS vs. TSLA - Volatility Comparison
Direxion Daily TSLA Bear 1X Shares (TSLS) and Tesla, Inc. (TSLA) have volatilities of 13.26% and 13.43%, 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.
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Volatility by Period
| TSLS | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 13.43% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 28.62% | 28.33% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.61% | 44.31% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.68% | 58.99% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.68% | 59.15% | -0.47% |
Dividends
TSLS vs. TSLA - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 3.23%, 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 Shares | 3.23% | 4.30% | 7.62% | 4.52% | 3.46% |
Frequently Asked Questions
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.
TSLA has higher volatility (13.43%) compared to TSLS (13.26%). In terms of maximum drawdown, TSLS dropped -90.73% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.55 vs -0.64), 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.
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