Direxion Daily TSLA Bull 2X ETF
This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$10.35+0.05 (+0.52%)
History starts Aug 9, 2022.
- Expense ratio
- 0.95%
- Fund size
- $3.8B
- 1Y return
- −46.2%
- Yield · Last 12 months
- 10.25%
- Holdings
- 12
- Volume · 30D
- 78.4M sh
- NAV per share
- $9.73
- 52W range
The ETF.net TSLL Grade
Score 75 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 74Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 93Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 81Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 80Category rank
Our read on TSLL
ATesla, doubled, one day at a time. Running since 2022, TSLL is the low-cost seat in the 2x TSLA aisle at 0.95% a year, with a multi-billion-dollar book and a mandate that resets every session.
The fund seeks daily investment results equal to 200% of the performance of its underlying, with correspondingly higher volatility.
Why people hold it
- 0.95% a year, the cheapest fee among the 2x Tesla crowd: the GraniteShares and T-REX versions (TSLR, TSLT) both charge 1.05%.
- Sticks close to its job: 200% of Tesla's daily move, one of the tightest implementations in its peer group.direxion.com
- A multi-billion-dollar fund and very actively traded, which generally means tight spreads and easy fills for size.
- Trading since 2022, so the daily 2x machinery has run through several full Tesla boom-and-bust cycles.
Worth knowing
- The leverage resets daily. Hold longer and compounding takes over: a choppy stretch can leave you well short of 2x Tesla's move over that span.
- One stock, amplified. An earnings call or a single headline out of Tesla drives the whole fund, and the swings run bigger than the stock's.
- Distributions come quarterly, but this is a price-movement instrument, not an income one.
TSLL Holdings
- Stocks
- 12
- 91%
- TSLA SWAP ASSET LEG (TSLABCL)
Sectors
- Consumer Discr.100.0%
Geography
- United States100.00%
TSLL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TSLL$5,385
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TSLL |
|---|---|
| Year to date | −44.8% |
| 1 month | +6.1% |
| 3 months | −22.3% |
| 1 year | −46.2% |
| 3 years | −7.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TSLL |
|---|---|---|
| 2026 YTD | −44.8% | |
| 2025 | −26.9% | |
| 2024 | +99.6% | |
| 2023 | +139.7% | |
| 2022 | −73.8% |
TSLL in the news
TSLL Dividends
- 10.25%
- $1.06
- $0.07 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.07 |
| Jun 23, 2026 | Jun 30, 2026 | $0.10 |
| Mar 24, 2026 | Mar 31, 2026 | $0.10 |
| Dec 23, 2025 | Dec 31, 2025 | $0.11 |
| Dec 10, 2025 | Dec 17, 2025 | $0.58 |
| Sep 23, 2025 | Sep 30, 2025 | $0.09 |
| Jun 24, 2025 | Jul 1, 2025 | $0.09 |
| Mar 25, 2025 | Apr 1, 2025 | $0.08 |
| Dec 23, 2024 | Dec 31, 2024 | $0.14 |
| Dec 12, 2024 | Dec 19, 2024 | $0.30 |
| Sep 24, 2024 | Oct 1, 2024 | $0.08 |
| Jun 25, 2024 | Jul 2, 2024 | $0.08 |
TSLL Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 103.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.32
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −82.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 3.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TSLL Cost
0.95%
TSLL0.95%
- The middle half of 2x Long Tesla (TSLA) funds
- Median 0.99%
2 of the 10 2x Long Tesla (TSLA) funds charge less.