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TESL vs TSLL

Simplify Volt TSLA Revolution ETF

TESLCNYSE Arca

Direxion Daily TSLA Bull 2X ETF

TSLLANasdaq

Overlap

Expense ratio

TSLL −0.14pt a year

TESL0.97%TSLL0.83%

Avg volume · 30D

TSLL 10076.8×the volume

TESL7.43KTSLL74.9M

3Y return · a year

TESL +24.8pt

TESL+30.4%TSLL+5.6%

TESL vs TSLL Performance

Oct 31, 2025 – Oct 30, 2026

−40.1%TESL−45.1%TSLL

Oct 31, 2025 to Oct 30, 2026. TESL −40.1%. TSLL −45.1%. Use the arrow keys to read each point.−60%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
TESL 0.97%
TSLL 0.83%, better
Fund size
TESL $13M
TSLL $3.8B
1Y total return
TESL −40.1%, better
TSLL −45.1%
Yield (12M)
TESL 54.22%, better
TSLL 8.65%
Holdings
TESL 1
TSLL 12
Avg volume (30D)
TESL 7.43K sh
TSLL 74.9M sh, better
NAV per share
TESL $12.60
TSLL $11.39
52W range

ETF.net Grade

TESL: Cost 51, Risk 67, Mission not scored, Tradability 24, Holdings 100, Durability 61. TSLL: Cost 74, Risk 44, Mission 90, Tradability 64, Holdings not scored, Durability 80.
Pillar letters and Scores for TESL, TSLL, with each pillar’s weight
PillarTESLTSLL
Cost30% weightC51A74Higher
Mission25% weightNot scoredA90
Risk15% weightB67HigherC44
Tradability15% weightF24B64Higher
Holdings10% weightA100Not scored
Durability5% weightB61A80Higher

Rank among 2x Long Tesla (TSLA) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TESL and TSLL are both graded against the same 10 2x Long Tesla (TSLA) funds, so their Grades compare head to head.

2x Long Tesla (TSLA)⁠

Category · 10 funds
See all 10 ›

TSLL ranks 1st and TESL 5th of 10 funds in the 2x Long Tesla (TSLA) Category.

  1. Rank 1ATSLLDirexion Daily TSLA Bull 2X ETFScore 72
  2. Rank 2ATSLGLeverage Shares 2X Long TSLA Daily ETFScore 70
  3. Rank 4CTSLGraniteShares 1.25x Long Tsla Daily ETFScore 54
  4. Rank 5CTESLSimplify Volt TSLA Revolution ETFScore 49
  5. Rank 6CTSLTT-REX 2X Long Tesla Daily Target ETFScore 48

Our read on each fund

ETF.net Research

TESLCSimplify Volt TSLA Revolution ETF

TSLLADirexion Daily TSLA Bull 2X ETF

In short

TESL Most Tesla funds bolt you to a fixed multiple of yesterday's close. TESL runs a momentum model that dials Tesla exposure between 80%, 100% and 150%, with an options overlay meant to cushion the downside.

TSLL Direxion's 2022-vintage Tesla amplifier: it aims for 200% of TSLA's daily move, resetting every close. It began life at 1.5X and stepped up to 2X in 2024. Fee is 0.83% net of a waiver through September 1, 2027.

Stated mandate

TESL The fund seeks capital appreciation through active investment primarily in Tesla, Inc., using dynamic 80%, 100%, or 150% exposure levels and an options overlay intended to manage downside risk.

TSLL The fund seeks daily investment results equal to 200% of the performance of its underlying, with correspondingly higher volatility.

Why people hold it

  • TESL The exposure dial moves: a momentum screen sets Tesla exposure at 80%, 100% or 150% rather than locking every session to one multiple.simplify.us
  • A 150% ceiling is milder than the 2x daily Tesla funds, and the options overlay is built to hedge downside rather than amplify every move.simplify.us
  • At 0.97%, it prices below the cohort median and below 2x peers TSLR and TSLT, both at 1.05%.
  • Tesla exposure is assembled from stock, swaps and options, giving the manager more levers than a single swap line.simplify.us
  • TSLL The mandate is plain and the delivery is close to it: 200% of Tesla's move, reset each close. Among the tightest implementations in the 2X Tesla crowd.
  • 0.83% net of a waiver through September 1, 2027: below the category median and under same-target rivals TSLT (1.05%) and TSLR (0.95%, net of a waiver through December 31, 2026).
  • A multi-billion-dollar fund and very actively traded, which matters in a product people hold for hours rather than years.
  • Live since August 2022, with a multi-year record to inspect (including the 2024 step up from 1.5X to 2X) rather than a brand-new ticker.sec.gov

Worth knowing

  • TESL Discretion cuts both ways. There is no published multiple to hold the fund to, and at the 80% setting you capture less than Tesla's move.
  • Leveraged exposure resets daily, so multi-day results compound and can drift from any simple multiple of Tesla's move.
  • A small fund that trades thinly, so bid-ask spreads and order size matter more here than with the heavyweight Tesla products.
  • TSLL The 200% target is a daily one. Over longer holds the path drives the outcome, and a choppy stretch can leave you well short of twice Tesla's move for the period.sec.gov
  • One stock, zero diversification. Every Tesla earnings call, delivery number and headline lands here with double the force, up and down.sec.gov
  • That 0.83% is the waived rate; the gross fee is 0.95%, so the cost can step up if the waiver is not renewed past September 1, 2027.

Full TESL profile⁠

Full TSLL profile⁠

TESL vs TSLL 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.

TESL vs TSLL Cost

Overpaying TESL vs TSLL

$2,339

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

  • TESL 0.97%

    $18,198

  • TSLL 0.83%

    $15,859

$10,000
30 years

Cost over time

  • TESL 0.97%
  • TSLL 0.83%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TESL $18,198TSLL $15,859

Year by year

YearTESLTSLLOverpaying
10$1,712$1,474$238
20$6,443$5,581$862
30$18,198$15,859$2,339

Expense ratio

  • 0.97%TESL
  • 0.83%TSLL, cheaper
  • Middle half of 2x Long Tesla (TSLA) funds
  • Median 0.97%

TSLL 3rd cheapest of 10 funds

TESL 5th cheapest of 10 funds

TESL vs TSLL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TESL 54.22%, better
TSLL 8.65%
Payout (12M)
TESL $6.72
TSLL $0.97
Last payment
TESL $6.72
TSLL $0.07
Ex-dividend
TESL Dec 23, 2025
TSLL Sep 22, 2026
Paid on
TESL Dec 31, 2025
TSLL Sep 29, 2026
Frequency
TESL Quarterly
TSLL Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

TESLQuarterly · 6 paymentsAll TESL payments⁠
One bar per payment. 6 payments from 2022 to 2026 YTD. Mar 28, 2022 $0.05; Dec 23, 2024 $0.15; Mar 26, 2025 $0.15; Jun 25, 2025 $0.15; Sep 25, 2025 $1.00; Dec 23, 2025 $6.72. Use the arrow keys to read each point.$0$520232026YTD
TSLLQuarterly · 21 paymentsAll TSLL payments⁠
One bar per payment. 21 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.01; Dec 8, 2022 $0.04; Dec 20, 2022 $0.05; Mar 21, 2023 $0.04; Jun 21, 2023 $0.08; Sep 19, 2023 $0.11; Dec 8, 2023 $0.27; Dec 21, 2023 $0.13; Mar 19, 2024 $0.08; Jun 25, 2024 $0.08; Sep 24, 2024 $0.08; Dec 12, 2024 $0.30; Dec 23, 2024 $0.14; Mar 25, 2025 $0.08; Jun 24, 2025 $0.09; Sep 23, 2025 $0.09; Dec 10, 2025 $0.58; Dec 23, 2025 $0.11; Mar 24, 2026 $0.10; Jun 23, 2026 $0.10; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$520232026YTD

TESL vs TSLL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TESL 62.9%, betterTSLL 102.3%
Return per unit of riskSharpe ratio, 3 years
TESL 0.62, betterTSLL 0.48
Worst fallMax drawdown, 5 years
TESL −69.1%TSLL −82.9%since Aug 2022
Market sensitivityBeta, 5 years
TESL 1.90TSLL 3.20

TESL and TSLL in the news

All news⁠

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