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AMDD vs TSLS

Direxion Daily AMD Bear 1X ETF

AMDDBNasdaq

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.50pt a year

AMDD1.45%TSLS0.95%

Avg volume · 30D

AMDD 2.9×the volume

AMDD1.19MTSLS410K

AMDD vs TSLS Performance

Oct 31, 2025 – Nov 2, 2026

−63.9%AMDD0.0%TSLS

Oct 31, 2025 to Nov 2, 2026. AMDD −63.9%. TSLS 0.0%. Use the arrow keys to read each point.−40%−20%20%40%Oct 2025May 2026Nov 2026
Expense ratio
AMDD 1.45%
TSLS 0.95%, better
Fund size
AMDD $17M
TSLS $40M
1Y total return
AMDD −63.9%
TSLS 0.0%, better
Yield (12M)
AMDD 11.25%, better
TSLS 3.14%
Holdings
AMDD 4
TSLS 4
Avg volume (30D)
AMDD 1.19M sh, better
TSLS 410K sh
NAV per share
AMDD $26.43
TSLS $50.50
52W range

ETF.net Grade

AMDD: Cost 42, Risk 39, Mission 87, Tradability 48, Holdings not scored, Durability 63. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for AMDD, TSLS, with each pillar’s weight
PillarAMDDTSLS
Cost30% weightC42A97Higher
Mission25% weightA87A87
Risk15% weightD39A75Higher
Tradability15% weightC48HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightB63A82Higher

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AMDD and TSLS are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSLS ranks 3rd and AMDD 21st of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  4. Rank 4AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
  5. Rank 19BSMSTDefiance Daily Target 2x Short MSTR ETFScore 60
  6. Rank 21BAMDDDirexion Daily AMD Bear 1X ETFScore 56
  7. Rank 22BIREZTradr 2X Short IREN Daily ETFScore 55

Our read on each fund

ETF.net Research

AMDDBDirexion Daily AMD Bear 1X ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

AMDD A one-day short on AMD, bought like any stock. AMDD aims for 100% of the inverse of AMD's daily move: no margin account, no borrowed shares, and no extra leverage stacked on top.

TSLS The 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.

Stated mandate

AMDD The Fund seeks daily investment results equal to 100% of the inverse of AMD’s daily performance, before fees and expenses.

TSLS 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

  • AMDD Shorting without the plumbing. One buy order gets inverse AMD exposure, no margin account and no locating shares to borrow.
  • Unleveraged inverse: the daily target is -1x AMD, before fees, so a 5% AMD pop aims for roughly a 5% fund drop, not 10%.
  • Day to day, it has tracked its stated -1x target closely, one of the tighter mandate deliveries among single-stock bear funds.
  • Ordinary 1940 Act fund wrapper, actively traded during market hours, with distributions paid quarterly.
  • TSLS 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

  • AMDD The 1.45% expense ratio sits above other single-stock bear funds, including TSLS at 0.95% and AAPD at 0.96%.
  • The target resets every day. Hold past one session and compounding takes over, so multi-day results can drift far from the inverse of AMD's move.
  • Young and small: launched in 2025 with a modest asset base, and one chipmaker's headlines drive the whole position.
  • TSLS 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.

Full AMDD profile⁠

Full TSLS profile⁠

AMDD vs TSLS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AMDD vs TSLS Cost

Overpaying AMDD vs TSLS

$7,701

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AMDD 1.45%

    $25,570

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • AMDD 1.45%
  • TSLS 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530AMDD $25,570TSLS $17,869

Year by year

YearAMDDTSLSOverpaying
10$2,509$1,678$831
20$9,241$6,322$2,919
30$25,570$17,869$7,701

Expense ratio

  • 1.45%AMDD
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

AMDD 30th cheapest of 43 funds

AMDD vs TSLS Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AMDD 11.25%, better
TSLS 3.14%
Payout (12M)
AMDD $3.20
TSLS $1.57
Last payment
AMDD $0.24
TSLS $0.40
Ex-dividend
AMDD Sep 22, 2026
TSLS Sep 22, 2026
Paid on
AMDD Sep 29, 2026
TSLS Sep 29, 2026
Frequency
AMDD Quarterly
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

AMDDQuarterly · 7 paymentsAll AMDD payments⁠
One bar per payment. 7 payments from 2022 to 2026 YTD. Mar 25, 2025 $0.87; Jun 24, 2025 $1.72; Sep 23, 2025 $1.03; Dec 23, 2025 $1.57; Mar 24, 2026 $1.14; Jun 23, 2026 $0.25; Sep 22, 2026 $0.24. Use the arrow keys to read each point.$0$1020232026YTD
TSLSQuarterly · 18 paymentsAll TSLS payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.23; Dec 8, 2022 $16.19; Dec 20, 2022 $0.56; Mar 21, 2023 $2.55; Jun 21, 2023 $1.86; Sep 19, 2023 $1.80; Dec 21, 2023 $2.29; Mar 19, 2024 $2.40; Jun 25, 2024 $1.68; Sep 24, 2024 $1.39; Dec 23, 2024 $0.66; Mar 25, 2025 $0.76; Jun 24, 2025 $0.53; Sep 23, 2025 $0.40; Dec 23, 2025 $0.49; Mar 24, 2026 $0.34; Jun 23, 2026 $0.34; Sep 22, 2026 $0.40. Use the arrow keys to read each point.$0$1020232026YTD

AMDD vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMDD 65.0%since Mar 2025TSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
AMDD −1.68since Mar 2025TSLS −0.76
Worst fallMax drawdown, 5 years
AMDD −93.4%since Feb 2025TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
AMDD −2.52TSLS −1.41

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