TSLS vs. TSLA
Compare and contrast key facts about Direxion Daily TSLA Bear 1X Shares (TSLS) and Tesla, Inc. (TSLA).
TSLS is a passively managed fund by Direxion that tracks the performance of the Tesla Inc (--100%). It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLS or TSLA.
Key characteristics
| TSLS | TSLA | |
|---|---|---|
| YTD Return | -8.87% | -8.56% |
| 1Y Return | -5.24% | -14.75% |
| Sharpe Ratio | -0.11 | -0.27 |
| Daily Std Dev | 54.19% | 54.07% |
| Max Drawdown | -70.65% | -73.63% |
| Current Drawdown | -68.11% | -44.58% |
Correlation
The correlation between TSLS and TSLA 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
TSLS vs. TSLA - Performance Comparison
The year-to-date returns for both investments are quite close, with TSLS having a -8.87% return and TSLA slightly higher at -8.56%. 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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Risk-Adjusted Performance
TSLS vs. TSLA - Risk-Adjusted Performance 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.
Dividends
TSLS vs. TSLA - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 3.78%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 3.78% | 4.52% | 3.46% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% |
Drawdowns
TSLS vs. TSLA - Drawdown Comparison
The maximum TSLS drawdown since its inception was -70.65%, roughly equal to the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLS and TSLA. For additional features, visit the drawdowns tool.
Volatility
TSLS vs. TSLA - Volatility Comparison
Direxion Daily TSLA Bear 1X Shares (TSLS) and Tesla, Inc. (TSLA) have volatilities of 15.45% and 15.79%, 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.