TSLS vs. TSLQ
Compare and contrast key facts about Direxion Daily TSLA Bear 1X Shares (TSLS) and AXS TSLA Bear Daily ETF (TSLQ).
TSLS and TSLQ 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. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLS or TSLQ.
Key characteristics
| TSLS | TSLQ | |
|---|---|---|
| YTD Return | -43.76% | -71.07% |
| 1Y Return | -46.52% | -72.47% |
| Sharpe Ratio | -0.81 | -0.76 |
| Sortino Ratio | -1.02 | -1.05 |
| Omega Ratio | 0.86 | 0.84 |
| Calmar Ratio | -0.61 | -0.82 |
| Martin Ratio | -1.59 | -2.26 |
| Ulcer Index | 31.20% | 32.74% |
| Daily Std Dev | 61.14% | 97.32% |
| Max Drawdown | -81.35% | -90.86% |
| Current Drawdown | -80.32% | -89.86% |
Correlation
The correlation between TSLS and TSLQ is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSLS vs. TSLQ - Performance Comparison
In the year-to-date period, TSLS achieves a -43.76% return, which is significantly higher than TSLQ's -71.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. TSLQ - Expense Ratio Comparison
TSLS has a 1.07% expense ratio, which is lower than TSLQ's 1.15% expense ratio.
Risk-Adjusted Performance
TSLS vs. TSLQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X Shares (TSLS) and AXS TSLA Bear Daily ETF (TSLQ). 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. TSLQ - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 7.53%, less than TSLQ's 46.13% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 7.53% | 4.52% | 3.46% |
TSLQ AXS TSLA Bear Daily ETF | 46.13% | 13.35% | 2.56% |
Drawdowns
TSLS vs. TSLQ - Drawdown Comparison
The maximum TSLS drawdown since its inception was -81.35%, smaller than the maximum TSLQ drawdown of -90.86%. Use the drawdown chart below to compare losses from any high point for TSLS and TSLQ. For additional features, visit the drawdowns tool.
Volatility
TSLS vs. TSLQ - Volatility Comparison
The current volatility for Direxion Daily TSLA Bear 1X Shares (TSLS) is 32.43%, while AXS TSLA Bear Daily ETF (TSLQ) has a volatility of 72.53%. This indicates that TSLS experiences smaller price fluctuations and is considered to be less risky than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.