TSLS vs. VOO
TSLS (Direxion Daily TSLA Bear 1X ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - TSLS is a Inverse Equities fund tracking the Tesla, Inc. (-100% Daily), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, TSLS returned -27.51%/yr vs 19.42%/yr for VOO. Their -0.56 correlation means they have often moved in opposite directions in the past. TSLS charges 0.95%/yr vs 0.03%/yr for VOO.
Performance
TSLS vs. VOO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSLS achieves a 33.30% return, which is significantly higher than VOO's 10.16% return.
TSLS
- 1D
- -0.74%
- 1M
- 22.65%
- 6M
- 27.99%
- YTD
- 33.30%
- 1Y
- -14.97%
- 3Y*
- -27.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -25.22%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.97M | $27.46M | $30.88M | |
| $3.82B | $3.78B | $5.44B |
TSLS vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X ETF | 33.30% | -34.95% | -55.71% | -60.12% | 105.60% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -6.60% |
Correlation
The correlation between TSLS and VOO is -0.62, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.62 |
Correlation (3Y) Balances recent behavior with more history. | -0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.56 |
The correlation between TSLS and VOO has been stable across timeframes, ranging from -0.62 to -0.56 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSLS vs. VOO — Risk / Return Rank
TSLS
VOO
TSLS vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X ETF (TSLS) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.21 | -2.53 |
| Martin ratioReturn relative to average drawdown | -0.45 | 9.44 | -9.89 |
Loading charts...
Drawdowns
TSLS vs. VOO - Drawdown Comparison
The maximum TSLS drawdown since its inception was -90.73%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TSLS and VOO.
Loading charts...
Drawdown Indicators
| TSLS | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.73% | -33.99% | -56.74% |
Max Drawdown (1Y)Largest decline over 1 year | -41.36% | -8.90% | -32.46% |
Max Drawdown (3Y)Largest decline over 3 years | -84.16% | -18.69% | -65.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -86.56% | -1.38% | -85.18% |
Average DrawdownAverage peak-to-trough decline | -64.44% | -3.67% | -60.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.53% | 2.08% | +27.45% |
Volatility
TSLS vs. VOO - Volatility Comparison
Direxion Daily TSLA Bear 1X ETF (TSLS) has a higher volatility of 19.07% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that TSLS's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSLS | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.07% | 3.54% | +15.53% |
Volatility (6M)Calculated over the trailing 6-month period | 33.98% | 10.10% | +23.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.81% | 12.82% | +33.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.98% | 16.93% | +42.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.98% | 18.01% | +40.97% |
TSLS vs. VOO - Expense Ratio Comparison
TSLS has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
TSLS vs. VOO - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 2.36%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X ETF | 2.36% | 4.30% | 7.62% | 4.52% | 3.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
TSLS and VOO have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLS has higher volatility (19.07%) compared to VOO (3.54%). In terms of maximum drawdown, TSLS dropped -90.73% vs VOO's -33.99%.
On 3-year performance, VOO leads with 19.42% vs -27.51% for TSLS. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VOO has performed better with a 19.42% return vs -27.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.95% for TSLS.
TSLS has the higher dividend yield at 2.36%, compared with 1.07% for VOO.
TSLS is categorized as Inverse Equities, while VOO is S&P 500. TSLS tracks Tesla, Inc. (-100% Daily), while VOO tracks S&P 500 Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 0.95% for TSLS and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.28), 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.
Find the right allocation for TSLS and VOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer