WANT vs. TSLL

Last updated Jun 4, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and TSLL (Direxion Daily TSLA Bull 1.5X Shares) are both Leveraged Equities funds from Direxion. WANT is passively managed, while TSLL is actively managed. Over the past 3 years, WANT returned 19.16%/yr vs 9.79%/yr for TSLL. A 0.76 correlation means they provide meaningful diversification when combined. WANT charges 0.98%/yr vs 1.08%/yr for TSLL.

Performance

WANT vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WANT achieves a -14.08% return, which is significantly higher than TSLL's -20.85% return.

WANT

• 1D: -2.18%
• 1M: -3.95%
• YTD: -14.08%
• 6M: -14.66%
• 1Y: 6.37%
• 3Y*: 19.16%
• 5Y*: -5.36%
• 10Y*: —

TSLL

• 1D: 0.00%
• 1M: 13.88%
• YTD: -20.85%
• 6M: -21.38%
• 1Y: 7.17%
• 3Y*: 9.79%
• 5Y*: —
• 10Y*: —

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

WANT vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-14.08%	-6.94%	60.52%	114.43%	-56.00%
TSLL Direxion Daily TSLA Bull 1.5X Shares	-20.85%	-26.80%	99.63%	139.86%	-73.85%

Correlation

The correlation between WANT and TSLL is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.76

The correlation between WANT and TSLL has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.

WANT vs. TSLL - Sectors Allocation Comparison

Sectors	WANT	TSLL
Consumer Cyclical	19.4%	100.0%
Communication Services	0.3%	-
Technology	0.2%	-
Industrials	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

WANT vs. TSLL — Risk / Return Rank

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

WANT

WANT Risk / Return Rank: 11
WANT Sharpe Ratio Rank: 10
WANT Sortino Ratio Rank: 13
WANT Omega Ratio Rank: 12
WANT Calmar Ratio Rank: 10
WANT Martin Ratio Rank: 11

TSLL

TSLL Risk / Return Rank: 12
TSLL Sharpe Ratio Rank: 9
TSLL Sortino Ratio Rank: 15
TSLL Omega Ratio Rank: 15
TSLL Calmar Ratio Rank: 10
TSLL Martin Ratio Rank: 10

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.

WANT vs. TSLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily TSLA Bull 1.5X Shares (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.

	WANT	TSLL	Difference
Sharpe ratio: Return per unit of total volatility	0.12	0.08	+0.04
Sortino ratio: Return per unit of downside risk	0.55	0.77	-0.22
Omega ratio: Gain probability vs. loss probability	1.06	1.09	-0.03
Calmar ratio: Return relative to maximum drawdown	0.16	0.13	+0.02
Martin ratio: Return relative to average drawdown	0.42	0.27	+0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WANT vs. TSLL - Sharpe Ratio Comparison

The current WANT Sharpe Ratio is 0.12, which is higher than the TSLL Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of WANT and TSLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WANT	TSLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	0.08	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	-0.08	+0.19

Drawdowns

WANT vs. TSLL - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, roughly equal to the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for WANT and TSLL.

Drawdown Indicators

	WANT	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-82.88%	-3.01%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	-54.75%	+13.48%
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	-82.88%	+19.35%
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	—	—
Current Drawdown Current decline from peak	-58.58%	-60.03%	+1.45%
Average Drawdown Average peak-to-trough decline	-43.07%	-53.82%	+10.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.11%	26.72%	-11.61%

Volatility

WANT vs. TSLL - Volatility Comparison

The current volatility for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) is 15.45%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 24.26%. This indicates that WANT experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WANT	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.45%	24.26%	-8.81%
Volatility (6M) Calculated over the trailing 6-month period	38.86%	54.47%	-15.61%
Volatility (1Y) Calculated over the trailing 1-year period	53.92%	92.38%	-38.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.65%	106.87%	-36.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.50%	106.87%	-35.37%

WANT vs. TSLL - Expense Ratio Comparison

WANT has a 0.98% expense ratio, which is lower than TSLL's 1.08% expense ratio.

Dividends

WANT vs. TSLL - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.62%, less than TSLL's 6.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TSLL Direxion Daily TSLA Bull 1.5X Shares	6.46%	5.00%	2.47%	4.44%	1.57%	0.00%	0.00%	0.00%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.62%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%

Frequently Asked Questions

Can I hold both WANT and TSLL in my portfolio?

WANT and TSLL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WANT or TSLL?

TSLL has higher volatility (24.26%) compared to WANT (15.45%). In terms of maximum drawdown, WANT dropped -85.89% vs TSLL's -82.88%.

Which ETF is better, WANT or TSLL?

On 3-year performance, WANT leads with 19.16% vs 9.79% for TSLL. On fees, WANT is cheaper at 0.98% per year. On volatility, WANT has been the lower-risk option at 15.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WANT or TSLL?

Over the 3-year period, WANT has performed better with a 19.16% return vs 9.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WANT or TSLL?

WANT is cheaper with a 0.98% expense ratio, compared with 1.08% for TSLL.

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

TSLL has the higher dividend yield at 6.46%, compared with 0.62% for WANT.

What is the main difference between WANT and TSLL?

Their fees differ too: 0.98% for WANT and 1.08% for TSLL.

Which has better risk-adjusted returns?

WANT currently has the higher Sharpe Ratio (0.12 vs 0.08), 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.