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METD vs TSLS

Direxion Daily META Bear 1X ETF

METDANasdaq

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.07pt a year

METD1.02%TSLS0.95%

Avg volume · 30D

METD 1.9×the volume

METD761KTSLS410K

METD vs TSLS Performance

Oct 31, 2025 – Oct 30, 2026

−5.3%METD+1.0%TSLS

Oct 31, 2025 to Oct 30, 2026. METD −5.3%. TSLS +1.0%. Use the arrow keys to read each point.−20%10%20%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
METD 1.02%
TSLS 0.95%, better
Fund size
METD $9M
TSLS $39M
1Y total return
METD −5.3%
TSLS +1.0%, better
Yield (12M)
METD 2.40%
TSLS 3.11%, better
Holdings
METD 4
TSLS 4
Avg volume (30D)
METD 761K sh, better
TSLS 410K sh
NAV per share
METD $14.79
TSLS $50.04
52W range

ETF.net Grade

METD: Cost 78, Risk 73, Mission 83, Tradability 41, Holdings not scored, Durability 62. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for METD, TSLS, with each pillar’s weight
PillarMETDTSLS
Cost30% weightA78A97Higher
Mission25% weightA83A87Higher
Risk15% weightA73A75Higher
Tradability15% weightC41C45Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB62A82Higher

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. METD 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 METD 13th 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 11AORCSDirexion Daily ORCL Bear 1X ETFScore 73
  7. Rank 13AMETDDirexion Daily META Bear 1X ETFScore 71
  8. Rank 14ANVDGraniteShares 2x Short NVDA Daily ETFScore 70

Our read on each fund

ETF.net Research

METDADirexion Daily META Bear 1X ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

METD A one-for-one short on Meta, wrapped in an ETF. METD targets 100% of the inverse of Meta's daily move: no leverage multiplier, no margin account, and exposure that resets every day.

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

METD The fund seeks daily investment results equal to 100% of the inverse performance of Meta Platforms, Inc. common shares, 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

  • METD Bearish on Meta without the multiplier. The fund targets 100% of the inverse of Meta's daily move, bought and sold like any share, with no margin account or stock borrow to arrange.direxion.com
  • Fee is 1.02% net of a waiver through September 1, 2027 (1.19% gross), below the category median and a hair under sibling AVS at 1.03% net, also waived to that same date.
  • One of the stronger implementations in a crowded field of bearish single-stock funds, and it has stayed close to its stated daily target.
  • 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

  • METD Daily reset. Hold past a day and Meta's path matters as much as its direction: choppy stretches can grind value down even when the stock ends lower.direxion.com
  • A small fund by assets. It trades actively for its size, but spreads can matter more than the headline fee on bigger orders.
  • One company carries the whole thing. An earnings night or a single Meta headline moves this fund in full, and it pays out quarterly rather than monthly.
  • 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 METD profile⁠

Full TSLS profile⁠

METD 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.

METD vs TSLS Cost

Overpaying METD vs TSLS

$1,143

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

  • METD 1.02%

    $19,012

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • METD 1.02%
  • 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$20K051015202530METD $19,012TSLS $17,869

Year by year

YearMETDTSLSOverpaying
10$1,797$1,678$119
20$6,746$6,322$424
30$19,012$17,869$1,143

Expense ratio

  • 1.02%METD
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

METD 12th cheapest of 43 funds

METD vs TSLS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
METD 2.40%
TSLS 3.11%, better
Payout (12M)
METD $0.36
TSLS $1.57
Last payment
METD $0.06
TSLS $0.40
Ex-dividend
METD Sep 22, 2026
TSLS Sep 22, 2026
Paid on
METD Sep 29, 2026
TSLS Sep 29, 2026
Frequency
METD Quarterly
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

METDQuarterly · 10 paymentsAll METD payments⁠
One bar per payment. 10 payments from 2022 to 2026 YTD. Jun 25, 2024 $0.05; Sep 24, 2024 $0.18; Dec 23, 2024 $0.22; Mar 25, 2025 $0.17; Jun 24, 2025 $0.10; Sep 23, 2025 $0.13; Dec 23, 2025 $0.13; Mar 24, 2026 $0.07; Jun 23, 2026 $0.10; Sep 22, 2026 $0.06. 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

METD vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
METD 34.3%since Jul 2024TSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
METD −0.43since Jul 2024TSLS −0.76
Worst fallMax drawdown, 5 years
METD −50.6%since Jun 2024TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
METD −1.52TSLS −1.41

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