Skip to content
etf.net

QCMD vs TSLS

Direxion Daily QCOM Bear 1X Shares

QCMDCNasdaq

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.05pt a year

QCMD1.00%TSLS0.95%

Avg volume · 30D

TSLS 19.6×the volume

QCMD20.9KTSLS410K

QCMD vs TSLS Performance

Oct 31, 2025 – Oct 30, 2026

−14.5%QCMD+1.0%TSLS

Oct 31, 2025 to Oct 30, 2026. QCMD −14.5%. TSLS +1.0%. Use the arrow keys to read each point.−40%20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
QCMD 1.00%
TSLS 0.95%, better
Fund size
QCMD $2M
TSLS $39M
1Y total return
QCMD −14.5%
TSLS +1.0%, better
Yield (12M)
QCMD 3.20%, better
TSLS 3.11%
Holdings
QCMD 4
TSLS 4
Avg volume (30D)
QCMD 20.9K sh
TSLS 410K sh, better
NAV per share
QCMD $15.58
TSLS $50.04
52W range

ETF.net Grade

QCMD: Cost 89, Risk 65, Mission 82, Tradability 32, Holdings not scored, Durability 41. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for QCMD, TSLS, with each pillar’s weight
PillarQCMDTSLS
Cost30% weightA89A97Higher
Mission25% weightA82A87Higher
Risk15% weightB65A75Higher
Tradability15% weightD32C45Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC41A82Higher

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. QCMD 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 QCMD 28th 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 28CPALDDirexion Daily PANW Bear 1X ETFScore 40
  7. Rank 28CQCMDDirexion Daily QCOM Bear 1X SharesScore 40
  8. Rank 28CRGTZDefiance Daily Target 2X Short RGTI ETFScore 40

Our read on each fund

ETF.net Research

QCMDCDirexion Daily QCOM Bear 1X Shares

TSLSADirexion Daily TSLA Bear 1X ETF

In short

QCMD A one-for-one short on Qualcomm in an ETF wrapper: no margin account, no borrow, just -100% of QCOM's move, reset daily. Priced at 1.00% net of a waiver through September 1, 2027.

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

QCMD The fund seeks daily inverse investment results, before fees and expenses, corresponding to the performance of QUALCOMM Incorporated 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

  • QCMD Fee runs 1.00% net of a waiver through September 1, 2027, under the category median and a whisker from the cheapest bear funds around (AAPD 0.96%, TSLS 0.95%).
  • Inverse, not leveraged: the daily target is -100% of QCOM, not -200% or -300%, so a bad day lands one-for-one instead of magnified.direxion.com
  • Short exposure to one chipmaker that trades like any share: no short sale to arrange, no borrow to locate, no margin account required.direxion.com
  • 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

  • QCMD Daily reset means multi-day results compound. Hold past one session and your return can drift from -100% of QCOM's move over that stretch, especially in choppy tape.direxion.com
  • The 1.00% is a waived price. Gross runs 2.76%, so the cost can step up if the waiver is not renewed after September 1, 2027.
  • A small fund that trades lightly next to the headline single-stock bear names, which can mean wider spreads getting in and out.
  • 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 QCMD profile⁠

Full TSLS profile⁠

QCMD 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.

QCMD vs TSLS Cost

Overpaying QCMD vs TSLS

$819

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

  • QCMD 1.00%

    $18,688

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QCMD 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$20K051015202530QCMD $18,688TSLS $17,869

Year by year

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

Expense ratio

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

TSLS 2nd cheapest of 43 funds

QCMD 8th cheapest of 43 funds

QCMD vs TSLS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QCMD 3.20%, better
TSLS 3.11%
Payout (12M)
QCMD $0.55
TSLS $1.57
Last payment
QCMD $0.11
TSLS $0.40
Ex-dividend
QCMD Sep 22, 2026
TSLS Sep 22, 2026
Paid on
QCMD Sep 29, 2026
TSLS Sep 29, 2026
Frequency
QCMD Quarterly
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

QCMDQuarterly · 5 paymentsAll QCMD payments⁠
One bar per payment. 5 payments from 2022 to 2026 YTD. Sep 23, 2025 $0.20; Dec 23, 2025 $0.19; Mar 24, 2026 $0.13; Jun 23, 2026 $0.13; 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

QCMD vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QCMD 59.4%since Jul 2025TSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
QCMD −0.15since Jul 2025TSLS −0.76
Worst fallMax drawdown, 5 years
QCMD −56.0%since Jun 2025TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
QCMD −3.60TSLS −1.41

QCMD and TSLS in the news

All news⁠

Popular comparisons

  • QCMDCvsAAPDA

    Direxion Daily QCOM Bear 1X Shares · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    1.00% · 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.

  • QCMDCvsTSDDA

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

    Expense ratio
    1.00% · 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.

  • QCMDCvsSKHZA

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

    Expense ratio
    1.00% · 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.