Skip to content
etf.net

MUD vs TSLS

Direxion Daily MU Bear 1X ETF

MUDBNasdaq

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.07pt a year

MUD1.02%TSLS0.95%

Avg volume · 30D

MUD 30.2×the volume

MUD12.4MTSLS410K

MUD vs TSLS Performance

Oct 31, 2025 – Oct 30, 2026

−98.6%MUD+1.0%TSLS

Oct 31, 2025 to Oct 30, 2026. MUD −98.6%. TSLS +1.0%. Use the arrow keys to read each point.−75%−50%−25%25%Oct 2025Apr 2026Oct 2026
Expense ratio
MUD 1.02%
TSLS 0.95%, better
Fund size
MUD $32M
TSLS $39M
1Y total return
MUD −98.6%
TSLS +1.0%, better
Yield (12M)
MUD No data
TSLS 3.11%
Holdings
MUD 4
TSLS 4
Avg volume (30D)
MUD 12.4M sh, better
TSLS 410K sh
NAV per share
MUD $10.15
TSLS $50.04
52W range

ETF.net Grade

MUD: Cost 78, Risk 16, Mission not scored, Tradability 66, Holdings not scored, Durability 73. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for MUD, TSLS, with each pillar’s weight
PillarMUDTSLS
Cost30% weightA78A97Higher
Mission25% weightNot scoredA87
Risk15% weightF16A75Higher
Tradability15% weightB66HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightA73A82Higher

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. MUD 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 MUD 20th 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 19BNVDQT-REX 2X Inverse NVIDIA Daily Target ETFScore 64
  7. Rank 20BMUDDirexion Daily MU Bear 1X ETFScore 60
  8. Rank 20BSMSTDefiance Daily Target 2x Short MSTR ETFScore 60

Our read on each fund

ETF.net Research

MUDBDirexion Daily MU Bear 1X ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

MUD 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

MUD 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

MUD 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

MUD 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 MUD profile⁠

Full TSLS profile⁠

MUD 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.

MUD vs TSLS Cost

Overpaying MUD vs TSLS

$1,143

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

  • MUD 1.02%

    $19,012

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • MUD 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$20K051015202530MUD $19,012TSLS $17,869

Year by year

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

Expense ratio

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

TSLS 2nd cheapest of 43 funds

MUD 12th cheapest of 43 funds

MUD vs TSLS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MUD No data
TSLS 3.11%
Payout (12M)
MUD No data
TSLS $1.57
Last payment
MUD $0.15
TSLS $0.40
Ex-dividend
MUD Sep 22, 2026
TSLS Sep 22, 2026
Paid on
MUD Sep 29, 2026
TSLS Sep 29, 2026
Frequency
MUD Quarterly
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

MUDQuarterly · 3 paymentsAll MUD payments⁠
One bar per payment. 3 payments from 2022 to 2026 YTD. Mar 24, 2026 $0.27; Jun 23, 2026 $0.05; Sep 22, 2026 $0.15. 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

MUD vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MUD 84.7%since Nov 2024TSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
MUD −2.10since Nov 2024TSLS −0.76
Worst fallMax drawdown, 5 years
MUD −99.7%since Oct 2024TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
MUD −3.03TSLS −1.41

Popular comparisons

  • MUDBvsAAPDA

    Direxion Daily MU Bear 1X ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    1.02% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSLSAvsAAPDA

    Direxion Daily TSLA Bear 1X ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    0.95% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MUDBvsTSDDA

    Direxion Daily MU Bear 1X ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    1.02% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSLSAvsTSDDA

    Direxion Daily TSLA Bear 1X ETF · GraniteShares 2x Short TSLA Daily ETF

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

  • MUDBvsSKHZA

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

    Expense ratio
    1.02% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSLSAvsSKHZA

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

    Expense ratio
    0.95% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.