TSLS vs. TSLY
Compare and contrast key facts about Direxion Daily TSLA Bear 1X Shares (TSLS) and YieldMax TSLA Option Income Strategy ETF (TSLY).
TSLS and TSLY 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. TSLY is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLS or TSLY.
Correlation
The correlation between TSLS and TSLY is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSLS vs. TSLY - Performance Comparison
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Key characteristics
TSLS:
-0.93
TSLY:
0.77
TSLS:
-1.48
TSLY:
1.33
TSLS:
0.82
TSLY:
1.17
TSLS:
-0.78
TSLY:
0.84
TSLS:
-1.40
TSLY:
1.93
TSLS:
48.02%
TSLY:
21.65%
TSLS:
72.47%
TSLY:
55.63%
TSLS:
-86.75%
TSLY:
-49.52%
TSLS:
-84.84%
TSLY:
-26.15%
Returns By Period
In the year-to-date period, TSLS achieves a -2.15% return, which is significantly higher than TSLY's -13.97% return.
TSLS
-2.15%
-26.64%
-23.40%
-67.25%
N/A
N/A
TSLY
-13.97%
26.51%
-1.93%
42.45%
N/A
N/A
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TSLS vs. TSLY - Expense Ratio Comparison
TSLS has a 1.07% expense ratio, which is higher than TSLY's 0.99% expense ratio.
Risk-Adjusted Performance
TSLS vs. TSLY — Risk-Adjusted Performance Rank
TSLS
TSLY
TSLS vs. TSLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X Shares (TSLS) and YieldMax TSLA Option Income Strategy ETF (TSLY). 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.
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Dividends
TSLS vs. TSLY - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 5.74%, less than TSLY's 104.50% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 5.74% | 7.61% | 4.52% | 3.46% |
TSLY YieldMax TSLA Option Income Strategy ETF | 104.50% | 82.30% | 76.47% | 0.00% |
Drawdowns
TSLS vs. TSLY - Drawdown Comparison
The maximum TSLS drawdown since its inception was -86.75%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TSLS and TSLY. For additional features, visit the drawdowns tool.
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Volatility
TSLS vs. TSLY - Volatility Comparison
Direxion Daily TSLA Bear 1X Shares (TSLS) has a higher volatility of 18.39% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 13.29%. This indicates that TSLS's price experiences larger fluctuations and is considered to be riskier than TSLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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