TSLS vs. TSLL
Compare and contrast key facts about Direxion Daily TSLA Bear 1X Shares (TSLS) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).
TSLS and TSLL 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. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLS or TSLL.
Correlation
The correlation between TSLS and TSLL 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. TSLL - Performance Comparison
Key characteristics
TSLS:
-0.92
TSLL:
0.75
TSLS:
-1.32
TSLL:
1.92
TSLS:
0.83
TSLL:
1.22
TSLS:
-0.68
TSLL:
1.20
TSLS:
-1.22
TSLL:
3.40
TSLS:
48.26%
TSLL:
28.10%
TSLS:
64.45%
TSLL:
126.96%
TSLS:
-86.75%
TSLL:
-81.21%
TSLS:
-82.04%
TSLL:
-54.62%
Returns By Period
In the year-to-date period, TSLS achieves a 15.90% return, which is significantly higher than TSLL's -34.22% return.
TSLS
15.90%
21.48%
-46.08%
-58.40%
N/A
N/A
TSLL
-34.22%
-36.01%
80.31%
90.49%
N/A
N/A
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TSLS vs. TSLL - Expense Ratio Comparison
TSLS has a 1.07% expense ratio, which is lower than TSLL's 1.08% expense ratio.
Risk-Adjusted Performance
TSLS vs. TSLL — Risk-Adjusted Performance Rank
TSLS
TSLL
TSLS vs. TSLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X Shares (TSLS) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). 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. TSLL - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 6.57%, more than TSLL's 3.76% yield.
TTM | 2024 | 2023 | 2022 | |
---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 6.57% | 7.61% | 4.52% | 3.46% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.76% | 2.47% | 4.43% | 1.58% |
Drawdowns
TSLS vs. TSLL - Drawdown Comparison
The maximum TSLS drawdown since its inception was -86.75%, which is greater than TSLL's maximum drawdown of -81.21%. Use the drawdown chart below to compare losses from any high point for TSLS and TSLL. For additional features, visit the drawdowns tool.
Volatility
TSLS vs. TSLL - Volatility Comparison
The current volatility for Direxion Daily TSLA Bear 1X Shares (TSLS) is 13.72%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 27.73%. This indicates that TSLS experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.