TSLL vs. TSLT
Compare and contrast key facts about Direxion Daily TSLA Bull 1.5X Shares (TSLL) and T-Rex 2X Long Tesla Daily Target ETF (TSLT).
TSLL and TSLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022. TSLT is an actively managed fund by T-Rex. It was launched on Oct 18, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLL or TSLT.
Correlation
The correlation between TSLL and TSLT is 1.00, 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
TSLL vs. TSLT - Performance Comparison
Key characteristics
TSLL:
0.75
TSLT:
0.59
TSLL:
1.92
TSLT:
1.76
TSLL:
1.22
TSLT:
1.20
TSLL:
1.20
TSLT:
1.02
TSLL:
3.40
TSLT:
2.49
TSLL:
28.10%
TSLT:
30.39%
TSLL:
126.96%
TSLT:
128.34%
TSLL:
-81.21%
TSLT:
-73.98%
TSLL:
-54.62%
TSLT:
-54.94%
Returns By Period
The year-to-date returns for both stocks are quite close, with TSLL having a -34.22% return and TSLT slightly lower at -34.58%.
TSLL
-34.22%
-36.01%
80.31%
90.49%
N/A
N/A
TSLT
-34.58%
-36.05%
76.75%
69.84%
N/A
N/A
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TSLL vs. TSLT - Expense Ratio Comparison
TSLL has a 1.08% expense ratio, which is higher than TSLT's 1.05% expense ratio.
Risk-Adjusted Performance
TSLL vs. TSLT — Risk-Adjusted Performance Rank
TSLL
TSLT
TSLL vs. TSLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bull 1.5X Shares (TSLL) and T-Rex 2X Long Tesla Daily Target ETF (TSLT). 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
TSLL vs. TSLT - Dividend Comparison
TSLL's dividend yield for the trailing twelve months is around 3.76%, while TSLT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.76% | 2.47% | 4.43% | 1.58% |
TSLT T-Rex 2X Long Tesla Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TSLL vs. TSLT - Drawdown Comparison
The maximum TSLL drawdown since its inception was -81.21%, which is greater than TSLT's maximum drawdown of -73.98%. Use the drawdown chart below to compare losses from any high point for TSLL and TSLT. For additional features, visit the drawdowns tool.
Volatility
TSLL vs. TSLT - Volatility Comparison
Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a higher volatility of 27.73% compared to T-Rex 2X Long Tesla Daily Target ETF (TSLT) at 26.08%. This indicates that TSLL's price experiences larger fluctuations and is considered to be riskier than TSLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.