Direxion Daily TSLA Bear 1X ETF
AThis 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.
$54.11+0.39 (+0.73%)
- 0.95%
- $47M
- −3.6%
- 2.92%
- 0.4M sh
- $53.03
- low $46.20high $69.83
The ETF.net TSLS Grade
A
Score 81 out of 100
- 3 of 58
Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A97 out of 100Rank 2 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A83 out of 100Rank 29 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A77 out of 100Rank 4 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 24 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 1 of 58
Our read on TSLS
AThe plain short on Tesla: TSLS aims for -1x the stock's daily move, with no leverage stacked on top. Among the small group of Tesla bear funds, it is the cheapest, and the one that dials risk down rather than up.
The Fund seeks daily inverse investment results by maintaining short exposure to TSLA of approximately -100% of its net assets and generally rebalancing that exposure each trading day.
Why people hold it
- Cheapest of the Tesla short funds at 0.95%, undercutting TSDD (1.13%) and TSLZ (1.05%), and running well below the typical inverse single-stock ETF.
- Inverse, not leveraged inverse. One unit of short Tesla exposure per dollar, which keeps daily compounding drag milder than the -2x versions of the same trade.direxion.com
- Trading since 2022 and one of the stronger implementations in the inverse single-stock crowd, with enough daily volume to make in-and-out trading practical.
Worth knowing
- Exposure resets every trading day. Over any stretch longer than a day, Tesla's volatility compounds and results can drift well away from -1x the stock's move.direxion.com
- Direxion calls it a short-term trading vehicle that is not appropriate for investors who will not actively monitor it.sec.gov
- One company, one story. An earnings print, a product event or a headline about its CEO moves the whole position.
TSLS Holdings
- Other
- 4
- 5538%
- Dreyfus Govt Cash Man Ins
TSLS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
TSLS$9,640
Returns run to the Oct 12, 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 | TSLS |
|---|---|
| Year to date | +8.0% |
| 1 month | −3.4% |
| 3 months | +3.7% |
| 1 year | −3.6% |
| 3 years | −31.9% |
| 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 | TSLS |
|---|---|---|
| 2026 YTD | +8.0% | |
| 2025 | −35.0% | |
| 2024 | −55.7% | |
| 2023 | −60.1% | |
| 2022 | +100.5% |
TSLS in the news
TSLS Dividends
- 2.92%
- $1.57
- $0.40 per share
- Quarterly
Distribution history
TSLS 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.
- 53.5%
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.
- −0.52
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.
- −90.7%
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.
- −1.41
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TSLS Cost
0.95%
TSLS0.95%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
1 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- ATSDDGraniteShares 2x Short TSLA Daily ETFExpense ratio 1.13%1 year return −31.5%
- AAVSDirexion Daily AVGO Bear 1X SharesExpense ratio 1.21%1 year return −22.1%
- APLTDDirexion Shares ETF Trust - Direxion Daily PLTR Bear 1X ETFExpense ratio 0.99%1 year return −36.9%
- ATSLQTradr 2X Short TSLA Daily ETFExpense ratio 1.23%1 year return −29.7%
- AMSFDDirexion Daily MSFT Bear 1X ETFExpense ratio 1.16%1 year return −10.6%