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CSCS vs TSLS

Direxion Daily CSCO Bear 1X ETF

CSCSCNasdaq

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.05pt a year

CSCS1.00%TSLS0.95%

Avg volume · 30D

TSLS 23.6×the volume

CSCS12.9KTSLS304K

CSCS vs TSLS Performance

Nov 7, 2025 – Nov 9, 2026

−34.4%CSCS−0.7%TSLS

Nov 7, 2025 to Nov 9, 2026. CSCS −34.4%. TSLS −0.7%. Use the arrow keys to read each point.−20%20%Nov 2025May 2026Nov 2026
Expense ratio
CSCS 1.00%
TSLS 0.95%, better
Fund size
CSCS $2M
TSLS $44M
1Y total return
CSCS −34.4%
TSLS −0.7%, better
Yield (12M)
CSCS 3.28%, better
TSLS 2.99%
Holdings
CSCS 4
TSLS 4
Avg volume (30D)
CSCS 12.9K sh
TSLS 304K sh, better
NAV per share
CSCS $15.92
TSLS $55.63
52W range

ETF.net Grade

CSCS: Cost 89, Risk 57, Mission 96, Tradability 26, Holdings not scored, Durability 43. TSLS: Cost 97, Risk 76, Mission 87, Tradability 45, Holdings not scored, Durability 81.
Pillar letters and Scores for CSCS, TSLS, with each pillar’s weight
PillarCSCSTSLS
Cost30% weightA89A97Higher
Mission25% weightA96HigherA87
Risk15% weightB57A76Higher
Tradability15% weightD26C45Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC43A81Higher

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. CSCS 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 CSCS 27th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 84
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 83
  3. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  4. Rank 4AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
  5. Rank 26CSNDQTradr 2X Short SNDK Daily ETFScore 42
  6. Rank 27CCSCSDirexion Daily CSCO Bear 1X ETFScore 40
  7. Rank 27CNFXSDirexion Daily NFLX Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

CSCSCDirexion Daily CSCO Bear 1X ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

CSCS A straight bet against Cisco, the networking giant: CSCS aims for -100% of CSCO's daily move, no leverage stacked on top, in a category crowded with 2x and 3x shorts.

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

CSCS The fund seeks daily investment results, before fees and expenses, equal to 100% of the inverse performance of Cisco Systems, Inc. common shares.

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

  • CSCS The daily target is -100% of Cisco's move, not -2x or -3x. The inverse exposure comes without a leverage multiplier amplifying each day's swing.direxion.com
  • Costs 1.00% net of a waiver through September 1, 2027, below the category median fee across the 54 peers with fee data.
  • Short exposure arrives as an ordinary fund share: no margin account, no shares to borrow, no short-sale position to maintain overnight.direxion.com
  • Since its June 2025 launch, day-to-day results have tracked the stated inverse target closely.
  • 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

  • CSCS One stock, no diversification cushion, and a daily reset: hold past a day and your result depends on Cisco's path, not just where the stock lands.direxion.com
  • Smaller and more thinly traded than the headline names in this category, so spreads can run wider. Limit orders matter here.
  • That 1.00% is a waived rate. Gross is 2.99%, and the waiver runs only through September 1, 2027.
  • 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 CSCS profile⁠

Full TSLS profile⁠

CSCS 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.

CSCS vs TSLS Cost

Overpaying CSCS vs TSLS

$819

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

  • CSCS 1.00%

    $18,688

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • CSCS 1.00%
  • TSLS 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530CSCS $18,688TSLS $17,869

Year by year

YearCSCSTSLSOverpaying
10$1,763$1,678$85
20$6,625$6,322$303
30$18,688$17,869$819

Expense ratio

  • 1.00%CSCS
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

CSCS 8th cheapest of 43 funds

CSCS vs TSLS Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
CSCS 3.28%, better
TSLS 2.99%
Payout (12M)
CSCS $0.50
TSLS $1.57
Last payment
CSCS $0.11
TSLS $0.40
Ex-dividend
CSCS Sep 22, 2026
TSLS Sep 22, 2026
Paid on
CSCS Sep 29, 2026
TSLS Sep 29, 2026
Frequency
CSCS Quarterly
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

CSCSQuarterly · 5 paymentsAll CSCS payments⁠
One bar per payment. 5 payments from 2022 to 2026 YTD. Sep 23, 2025 $0.23; Dec 23, 2025 $0.15; Mar 24, 2026 $0.13; Jun 23, 2026 $0.11; Sep 22, 2026 $0.11. 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

CSCS vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CSCS 27.1%since Jul 2025TSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
CSCS −1.34since Jul 2025TSLS −0.76
Worst fallMax drawdown, 5 years
CSCS −51.6%since Jun 2025TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
CSCS −1.45TSLS −1.37

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