FAZ vs TSLQ
Direxion Daily Financial Bear 3X ETF vs Tradr 2X Short TSLA Daily ETF
Which is better, FAZ or TSLQ?
FAZ has been ahead.
FAZ has a lower expense ratio. FAZ led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FAZ | TSLQ |
|---|---|---|
| Expense Ratio | 1.04%Best | 1.15% |
| AUM | $93M | $92M |
| Dividend Yield | 2.53% | 9.89% |
| Holdings | 16 | 12 |
| YTD Return | -0.09%Best | -6.17% |
| 1Y Return | -8.61%Best | -19.23% |
| 3Y Return (annualized) | -40.22%Best | -65.37% |
| 5Y Return (annualized) | -26.94% | - |
| Volatility (annualized) | 48.8%Best | 86.8% |
| Max Drawdown | -88.8%Best | -98.7% |
| $10,000 over 4.3 years | $1,349Best | $264 |
| Fund Family | Direxion Shares ETF Trust | Tradr ETFs |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Nov 6, 2008 | Jul 13, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jul 14, 2022 to Oct 14, 2026 (4.3 years).
FAZ vs TSLQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.3 years both funds cover.
FAZ vs TSLQ Performance
Direxion Daily Financial Bear 3X ETF (FAZ) is an ETF from Direxion Shares ETF Trust and Tradr 2X Short TSLA Daily ETF (TSLQ) is an ETF from Tradr ETFs. Over the past year FAZ returned -8.61% while TSLQ returned -19.23%. Year to date, FAZ is down 0.09% versus a loss of 6.17% for TSLQ.
Over three years, FAZ compounded at -40.22% per year against -65.37% for TSLQ. Across the full 4-year window we track, FAZ has the edge at -37.24% annualized vs -57.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLQ has been the more volatile fund, with annualized monthly volatility of 86.8% compared with 48.8% for FAZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.8% for FAZ and -98.7% for TSLQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.08. They move largely independently of each other.
Fees and Cost Over Time
FAZ charges 1.04% per year while TSLQ charges 1.15%. On a $10,000 position that is $104 vs $115 annually, a gap of $11 per year that compounds over a long holding period. On income, FAZ currently yields 2.53% against 9.89% for TSLQ.
Holdings Overlap
We hold position weights for 3 holdings in FAZ and 1 in TSLQ, totalling 102.9% and 5.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in FAZ and 1 in TSLQ, against full books of 16 and 12.
You are not choosing between two funds in isolation.
Whichever of FAZ and TSLQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FAZ or TSLQ?
FAZ has an expense ratio of 1.04% while TSLQ charges 1.15%. FAZ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, FAZ or TSLQ?
Over the past year FAZ returned -8.61% vs -19.23% for TSLQ, so FAZ leads on 1-year performance. Over the longest common window we track (4 years), FAZ annualized -37.24% vs -57.06% for TSLQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FAZ or TSLQ?
TSLQ has been the more volatile fund at 86.8% annualized versus 48.8% for FAZ. Worst drawdown: FAZ -88.8% vs TSLQ -98.7%.
Should I hold both FAZ and TSLQ?
FAZ and TSLQ have a monthly-return correlation of 0.08, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FAZ or TSLQ?
FAZ yields 2.53% while TSLQ yields 9.89%, so TSLQ currently pays the higher dividend yield.
Is TSLQ better than FAZ?
FAZ has a lower expense ratio. FAZ led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.