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TSLI vs TSLL

ProShares Ultra TSLA

TSLICNYSE Arca

Direxion Daily TSLA Bull 2X ETF

TSLLANasdaq

Overlap

Expense ratio

TSLL −0.12pt a year

TSLI0.95%TSLL0.83%

Avg volume · 30D

TSLL 4125.9×the volume

TSLI18.2KTSLL74.9M

TSLI vs TSLL Performance

Oct 31, 2025 – Oct 30, 2026

−45.5%TSLI−45.1%TSLL

Oct 31, 2025 to Oct 30, 2026. TSLI −45.5%. TSLL −45.1%. Use the arrow keys to read each point.−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
TSLI 0.95%
TSLL 0.83%, better
Fund size
TSLI $4M
TSLL $3.8B
1Y total return
TSLI −45.5%
TSLL −45.1%, better
Yield (12M)
TSLI 12.36%, better
TSLL 8.65%
Holdings
TSLI 1
TSLL 12
Avg volume (30D)
TSLI 18.2K sh
TSLL 74.9M sh, better
NAV per share
TSLI $20.85
TSLL $11.39
52W range

ETF.net Grade

TSLI: Cost 65, Risk 39, Mission 92, Tradability 38, Holdings not scored, Durability 41. TSLL: Cost 74, Risk 44, Mission 90, Tradability 64, Holdings not scored, Durability 80.
Pillar letters and Scores for TSLI, TSLL, with each pillar’s weight
PillarTSLITSLL
Cost30% weightB65A74Higher
Mission25% weightA92HigherA90
Risk15% weightD39C44Higher
Tradability15% weightD38B64Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC41A80Higher

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. TSLI 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 TSLI 8th 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 8CTESCCorgi TSLA 2x Daily ETFScore 40
  4. Rank 8CTSLIProShares Ultra TSLAScore 40

Our read on each fund

ETF.net Research

TSLICProShares Ultra TSLA

TSLLADirexion Daily TSLA Bull 2X ETF

In short

TSLI The leveraged-ETF old guard, late to the Tesla party. ProShares has been running daily-reset funds since 2006, and TSLI, launched in 2025, is one of the newest of roughly ten funds chasing twice TSLA's daily move.

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

TSLI The fund seeks daily results, before fees and expenses, equal to twice the daily performance of Tesla common stock.

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

Why people hold it

  • TSLI Aims to deliver twice Tesla's daily move, before fees, built by a shop that has specialized in leveraged and inverse ETFs since 2006.proshares.comwikipedia.org
  • Day to day it has stayed close to its stated 2x target. The engine does what the label says.
  • Charges 0.95% net of a waiver through September 30, 2027, in line with the typical Tesla 2x fund. The gross fee is 1.95%.
  • 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

  • TSLI The 2x target resets every day, so over longer holds compounding can pull results away from twice Tesla's return, especially in choppy stretches.
  • Smaller and less traded than the established names in this aisle, which can show up as wider spreads getting in and out.
  • Cheaper twins chase the same 2x TSLA daily target: TSLG at 0.80% and TSLL at 0.83% net of a waiver through September 1, 2027.
  • 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 TSLI profile⁠

Full TSLL profile⁠

TSLI 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.

TSLI vs TSLL Cost

Overpaying TSLI vs TSLL

$2,010

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

  • TSLI 0.95%

    $17,869

  • TSLL 0.83%

    $15,859

$10,000
30 years

Cost over time

  • TSLI 0.95%
  • 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$20K051015202530TSLI $17,869TSLL $15,859

Year by year

YearTSLITSLLOverpaying
10$1,678$1,474$204
20$6,322$5,581$741
30$17,869$15,859$2,010

Expense ratio

  • 0.95%TSLI
  • 0.83%TSLL, cheaper
  • Middle half of 2x Long Tesla (TSLA) funds
  • Median 0.97%

TSLL 3rd cheapest of 10 funds

TSLI 4th cheapest of 10 funds

TSLI vs TSLL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TSLI 12.36%, better
TSLL 8.65%
Payout (12M)
TSLI $2.57
TSLL $0.97
Last payment
TSLI $0.10
TSLL $0.07
Ex-dividend
TSLI Sep 23, 2026
TSLL Sep 22, 2026
Paid on
TSLI Sep 29, 2026
TSLL Sep 29, 2026
Frequency
TSLI Quarterly
TSLL Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

TSLIQuarterly · 5 paymentsAll TSLI payments⁠
One bar per payment. 5 payments from 2022 to 2026 YTD. Dec 28, 2022 $4.74; Dec 24, 2025 $2.19; Mar 25, 2026 $0.17; Jun 24, 2026 $0.10; Sep 23, 2026 $0.10. 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

TSLI vs TSLL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TSLI 77.6%since Oct 2025TSLL 102.3%
Return per unit of riskSharpe ratio, 3 years
TSLI −0.34since Oct 2025TSLL 0.48
Worst fallMax drawdown, 5 years
TSLI −70.3%since Sep 2025TSLL −82.9%since Aug 2022
Market sensitivityBeta, 5 years
TSLI 2.43TSLL 3.20

TSLI and TSLL in the news

All news⁠

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