TSLL vs TSLW

TSLLADirexion Daily TSLA Bull 2X ETF

TSLWCRoundhill TSLA WeeklyPay 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.

TSLW The Tesla leverage aisle runs on daily resets and pays nothing. TSLW takes the other road: 1.2x Tesla's calendar-week total return, reset weekly, with a distribution scheduled every week.

Stated mandate

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

TSLW TSLW's primary objective is to pay weekly distributions; its secondary objective is to target calendar-week returns, before fees and expenses, equal to 1.2 times the total return of Tesla common shares.

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

• TSLW The clock resets on the calendar week, not overnight, so the fund tracks 1.2x Tesla's week-over-week total return rather than compounding a fresh daily multiple every session.roundhillinvestments.comsec.gov
• 1.2x is the lightest leverage on the shelf here. The daily bull peers (TSLL, TSLR, TSLT) all target 2x, so this dials the amplification down rather than up.roundhillinvestments.com
• 0.99% expense ratio, below the median for leveraged Tesla funds, which is unusual for a structure that also runs a weekly payout schedule.

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.

• TSLW The adviser expects all or a significant portion of the weekly distributions to be return of capital. That is your own principal cycling back, not income or profit.sec.gov
• Exposure comes from total return swaps, not Tesla shares, and over stretches longer than a week returns can vary in size and direction from the 1.2x target.sec.gov
• Launched in 2025 and moderately traded, so the record is short and the order book is thinner than the aisle's heaviest names. Spreads deserve a look before you click.

Full TSLL profile⁠

Full TSLW profile⁠