TSXD vs. TSLL

Last updated Jun 30, 2026

TSXD (Direxion Daily Semiconductors Top 5 Bear 2X ETF) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both exchange-traded funds - TSXD is a Inverse Equities fund actively managed by Direxion, while TSLL is a Leveraged Equities fund actively managed by Direxion. Both are actively managed. At a correlation of -0.53, they often move in opposite directions.

Performance

TSXD vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) and Direxion Daily TSLA Bull 2X ETF (TSLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSXD achieves a -69.35% return, which is significantly lower than TSLL's -27.51% return.

TSXD

• 1D: -4.50%
• 1M: -18.13%
• YTD: -69.35%
• 6M: -69.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLL

• 1D: 17.38%
• 1M: -13.65%
• YTD: -27.51%
• 6M: -30.70%
• 1Y: 17.42%
• 3Y*: -3.19%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSXD vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025
TSXD Direxion Daily Semiconductors Top 5 Bear 2X ETF	-69.35%	-19.22%
TSLL Direxion Daily TSLA Bull 2X ETF	-27.51%	-6.27%

Correlation

The correlation between TSXD and TSLL is -0.53, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	-0.53

Return for Risk

TSXD vs. TSLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSXD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSLL

TSLL Risk / Return Rank: 14
TSLL Sharpe Ratio Rank: 12
TSLL Sortino Ratio Rank: 18
TSLL Omega Ratio Rank: 16
TSLL Calmar Ratio Rank: 12
TSLL Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSXD vs. TSLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) and Direxion Daily TSLA Bull 2X ETF (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.

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.

	TSXD	TSLL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.20	—
Sortino ratio: Return per unit of downside risk	—	0.91	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.32	—
Martin ratio: Return relative to average drawdown	—	0.64	—

Drawdowns

TSXD vs. TSLL - Drawdown Comparison

The maximum TSXD drawdown since its inception was -78.82%, roughly equal to the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for TSXD and TSLL.

Drawdown Indicators

	TSXD	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-78.82%	-82.88%	+4.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-82.88%	—
Current Drawdown Current decline from peak	-76.38%	-63.39%	-12.99%
Average Drawdown Average peak-to-trough decline	-38.18%	-53.97%	+15.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.50%	—

Volatility

Volatility by Period

	TSXD	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	32.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	59.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	85.81%	88.92%	-3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.81%	107.05%	-21.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.81%	107.05%	-21.24%

Dividends

TSXD vs. TSLL - Dividend Comparison

TSXD's dividend yield for the trailing twelve months is around 5.68%, less than TSLL's 7.22% yield.

Position	TTM	2025	2024	2023	2022
TSLL Direxion Daily TSLA Bull 2X ETF	7.22%	5.00%	2.47%	4.44%	1.57%
TSXD Direxion Daily Semiconductors Top 5 Bear 2X ETF	5.68%	1.03%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSXD and TSLL in my portfolio?

TSXD and TSLL have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, TSXD or TSLL?

TSLL has the higher dividend yield at 7.22%, compared with 5.68% for TSXD.

What is the main difference between TSXD and TSLL?

TSXD is categorized as Inverse Equities, while TSLL is Leveraged Equities.