SPDN vs TSLQ
Direxion Daily S&P 500 Bear 1X ETF vs Tradr 2X Short TSLA Daily ETF
Which is better, SPDN or TSLQ?
SPDN has been ahead.
SPDN has a lower expense ratio. SPDN 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 | SPDN | TSLQ |
|---|---|---|
| Expense Ratio | 0.47%Best | 1.15% |
| AUM | $279M | $92M |
| Dividend Yield | 3.66% | 9.89% |
| Holdings | 10 | 12 |
| YTD Return | -8.17% | -6.17%Best |
| 1Y Return | -10.01%Best | -19.23% |
| 3Y Return (annualized) | -13.38%Best | -65.37% |
| 5Y Return (annualized) | -8.12% | - |
| Volatility (annualized) | 13.9%Best | 86.8% |
| Max Drawdown | -45.5%Best | -98.7% |
| $10,000 over 4.3 years | $5,805Best | $264 |
| Fund Family | Direxion Shares ETF Trust | Tradr ETFs |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Jun 8, 2016 | 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).
SPDN 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.
SPDN vs TSLQ Performance
Direxion Daily S&P 500 Bear 1X ETF (SPDN) 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 SPDN returned -10.01% while TSLQ returned -19.23%. Year to date, SPDN is down 8.17% versus a loss of 6.17% for TSLQ.
Over three years, SPDN compounded at -13.38% per year against -65.37% for TSLQ. Across the full 4-year window we track, SPDN has the edge at -11.88% 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 13.9% for SPDN. 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 -45.5% for SPDN 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 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPDN charges 0.47% per year while TSLQ charges 1.15%. On a $10,000 position that is $47 vs $115 annually, a gap of $68 per year that compounds over a long holding period. On income, SPDN currently yields 3.66% against 9.89% for TSLQ.
Holdings Overlap
We hold position weights for 2 holdings in SPDN and 1 in TSLQ, totalling 93.8% 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 2 positions we hold weights for in SPDN and 1 in TSLQ, against full books of 10 and 12.
You are not choosing between two funds in isolation.
Whichever of SPDN 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, SPDN or TSLQ?
SPDN has an expense ratio of 0.47% while TSLQ charges 1.15%. SPDN is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, SPDN or TSLQ?
Over the past year SPDN returned -10.01% vs -19.23% for TSLQ, so SPDN leads on 1-year performance. Over the longest common window we track (4 years), SPDN annualized -11.88% vs -57.06% for TSLQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPDN or TSLQ?
TSLQ has been the more volatile fund at 86.8% annualized versus 13.9% for SPDN. Worst drawdown: SPDN -45.5% vs TSLQ -98.7%.
Should I hold both SPDN and TSLQ?
SPDN and TSLQ have a monthly-return correlation of 0.34, 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, SPDN or TSLQ?
SPDN yields 3.66% while TSLQ yields 9.89%, so TSLQ currently pays the higher dividend yield.
Is TSLQ better than SPDN?
SPDN has a lower expense ratio. SPDN 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.