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CRCD vs TSLS

T-Rex 2x Inverse CRCL Daily Target ETF

CRCDDCboe

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.55pt a year

CRCD1.50%TSLS0.95%

Avg volume · 30D

CRCD 7.8×the volume

CRCD3.2MTSLS410K

CRCD vs TSLS Performance

Oct 31, 2025 – Oct 30, 2026

−87.1%CRCD+1.0%TSLS

Oct 31, 2025 to Oct 30, 2026. CRCD −87.1%. TSLS +1.0%. Use the arrow keys to read each point.100%200%Oct 2025Apr 2026Oct 2026
Expense ratio
CRCD 1.50%
TSLS 0.95%, better
Fund size
CRCD $4M
TSLS $39M
1Y total return
CRCD −87.1%
TSLS +1.0%, better
Yield (12M)
CRCD No data
TSLS 3.11%
Holdings
CRCD 2
TSLS 4
Avg volume (30D)
CRCD 3.2M sh, better
TSLS 410K sh
NAV per share
CRCD $2.16
TSLS $50.04
52W range

ETF.net Grade

CRCD: Cost 25, Risk 28, Mission not scored, Tradability 26, Holdings not scored, Durability 37. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for CRCD, TSLS, with each pillar’s weight
PillarCRCDTSLS
Cost30% weightD25A97Higher
Mission25% weightNot scoredA87
Risk15% weightD28A75Higher
Tradability15% weightD26C45Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD37A82Higher

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. CRCD 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 CRCD 42nd 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 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  5. Rank 5AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
  6. Rank 41DSKDDGraniteShares 2x Short SK Hynix Daily ETFScore 31
  7. Rank 42DCRCDT-Rex 2x Inverse CRCL Daily Target ETFScore 26
  8. SKHQNot yet graded

Our read on each fund

ETF.net Research

CRCDDT-Rex 2x Inverse CRCL Daily Target ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

CRCD No data

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

CRCD No data

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

CRCD No data

  • 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

CRCD No data

  • 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 CRCD profile⁠

Full TSLS profile⁠

CRCD 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.

CRCD vs TSLS Cost

Overpaying CRCD vs TSLS

$8,414

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

  • CRCD 1.50%

    $26,283

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • CRCD 1.50%
  • 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$30K051015202530CRCD $26,283TSLS $17,869

Year by year

YearCRCDTSLSOverpaying
10$2,590$1,678$912
20$9,519$6,322$3,197
30$26,283$17,869$8,414

Expense ratio

  • 1.50%CRCD
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

CRCD 35th cheapest of 43 funds

CRCD vs TSLS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CRCD No data
TSLS 3.11%
Payout (12M)
CRCD None
TSLS $1.57
Last payment
CRCD No data
TSLS $0.40
Ex-dividend
CRCD No data
TSLS Sep 22, 2026
Paid on
CRCD No data
TSLS Sep 29, 2026
Frequency
CRCD No data
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

CRCDAll CRCD payments⁠

No distribution history available.

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

CRCD vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRCD 223.8%since Oct 2025TSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
CRCD 0.09since Oct 2025TSLS −0.76
Worst fallMax drawdown, 5 years
CRCD −97.7%since Sep 2025TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
CRCD −2.28TSLS −1.41

Popular comparisons

  • CRCDDvsAAPDA

    T-Rex 2x Inverse CRCL Daily Target ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
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    Category
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  • TSLSAvsAAPDA

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    Expense ratio
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    Category
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  • CRCDDvsTSDDA

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    Expense ratio
    1.50% · 0.98%
    Category
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  • TSLSAvsTSDDA

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    Expense ratio
    0.95% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CRCDDvsSKHZA

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    Expense ratio
    1.50% · 0.75%
    Category
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  • TSLSAvsSKHZA

    Direxion Daily TSLA Bear 1X ETF · Leverage Shares 1X Short SK Hynix Daily ETF

    Expense ratio
    0.95% · 0.75%
    Category
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