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TSLL vs TSLT

Direxion Daily TSLA Bull 2X ETF

TSLLANasdaq

T-REX 2X Long Tesla Daily Target ETF

TSLTCCboe

Overlap

Expense ratio

TSLL −0.22pt a year

TSLL0.83%TSLT1.05%

Avg volume · 30D

TSLL 31.8×the volume

TSLL74.9MTSLT2.35M

3Y return · a year

TSLL +8.9pt

TSLL+1.9%TSLT−7.0%

TSLL vs TSLT Performance

Oct 31, 2025 – Nov 2, 2026

−44.0%TSLL−45.5%TSLT

Oct 31, 2025 to Nov 2, 2026. TSLL −44.0%. TSLT −45.5%. Use the arrow keys to read each point.−20%0%Oct 2025May 2026Nov 2026
Expense ratio
TSLL 0.83%, better
TSLT 1.05%
Fund size
TSLL $3.68B
TSLT $170M
1Y total return
TSLL −44.0%, better
TSLT −45.5%
Yield (12M)
TSLL 8.49%
TSLT No data
Holdings
TSLL 12
TSLT 4
Avg volume (30D)
TSLL 74.9M sh, better
TSLT 2.35M sh
NAV per share
TSLL $11.19
TSLT $15.63
52W range

ETF.net Grade

TSLL: Cost 74, Risk 44, Mission 90, Tradability 64, Holdings not scored, Durability 80. TSLT: Cost 18, Risk 31, Mission 94, Tradability 48, Holdings not scored, Durability 61.
Pillar letters and Scores for TSLL, TSLT, with each pillar’s weight
PillarTSLLTSLT
Cost30% weightA74HigherF18
Mission25% weightA90A94Higher
Risk15% weightC44HigherD31
Tradability15% weightB64HigherC48
Holdings10% weightNot scoredNot scored
Durability5% weightA80HigherB61

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. TSLL and TSLT 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 TSLT 6th 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 5CTESLSimplify Volt TSLA Revolution ETFScore 49
  4. Rank 6CTSLTT-REX 2X Long Tesla Daily Target ETFScore 48
  5. Rank 6CTSLWRoundhill TSLA WeeklyPay ETFScore 48

Our read on each fund

ETF.net Research

TSLLADirexion Daily TSLA Bull 2X ETF

TSLTCT-REX 2X Long Tesla Daily Target ETF

In short

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.

TSLT A 2x daily Tesla trade in an ETF wrapper. TSLT aims to deliver about twice TSLA's move each day, then resets the clock. One of the original single-stock Tesla leverage funds, and a tight take on that job.

Stated mandate

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

TSLT The Fund seeks daily leveraged investment results equal to approximately 2X the daily performance of TSLA and is intended as a short-term trading vehicle.

Why people hold it

  • 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
  • TSLT The mandate is blunt: roughly 2x TSLA's daily move, no index, no stock basket, no manager discretion. The prospectus calls it a short-term trading vehicle.
  • Hitting 2x every single day is engineering, not marketing, and TSLT lands among the tighter implementations in the 2x Tesla group.
  • Actively traded, so getting in and out during market hours is rarely the hard part of the trade.
  • Launched in 2023 as part of the first wave of single-stock leverage funds, and it runs inside a registered 1940 Act fund structure.

Worth knowing

  • 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.
  • TSLT Daily reset means compounding math. Hold past one session and the return can drift well away from 2x TSLA's move over that stretch, especially in choppy tape.
  • At 1.05% a year TSLT sits at the median for 2x Tesla funds, while Direxion's TSLL charges 0.95%.
  • One company, doubled. Tesla headline risk (deliveries, Musk, one product launch) arrives at twice the size here, and there is no distribution stream to cushion it.

Full TSLL profile⁠

Full TSLT profile⁠

TSLL vs TSLT 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.

TSLL vs TSLT Cost

Overpaying TSLT vs TSLL

$3,636

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

  • TSLL 0.83%

    $15,859

  • TSLT 1.05%

    $19,495

$10,000
30 years

Cost over time

  • TSLL 0.83%
  • TSLT 1.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSLT $19,495TSLL $15,859

Year by year

YearTSLLTSLTOverpaying
10$1,474$1,847$373
20$5,581$6,927$1,346
30$15,859$19,495$3,636

Expense ratio

  • 0.83%TSLL, cheaper
  • 1.05%TSLT
  • Middle half of 2x Long Tesla (TSLA) funds
  • Median 0.97%

TSLL 3rd cheapest of 10 funds

TSLT 9th cheapest of 10 funds

TSLL vs TSLT Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
TSLL 8.49%
TSLT No data
Payout (12M)
TSLL $0.97
TSLT None
Last payment
TSLL $0.07
TSLT No data
Ex-dividend
TSLL Sep 22, 2026
TSLT No data
Paid on
TSLL Sep 29, 2026
TSLT No data
Frequency
TSLL Quarterly
TSLT No data

Distribution history

Per share, 2022 to 2026, same scale for both

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$0.5020232026YTD
TSLTAll TSLT payments⁠

No distribution history available.

TSLL vs TSLT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TSLL 102.3%, betterTSLT 105.3%
Return per unit of riskSharpe ratio, 3 years
TSLL 0.48, betterTSLT 0.43
Worst fallMax drawdown, 5 years
TSLL −82.9%since Aug 2022TSLT −83.2%since Oct 2023
Market sensitivityBeta, 5 years
TSLL 3.20TSLT 3.68

TSLL and TSLT in the news

All news⁠

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