SPXL vs TSLT
Direxion Daily S&P 500 Bull 3X ETF vs T-Rex 2X Long Tesla Daily Target ETF
Which is better, SPXL or TSLT?
SPXL has been ahead.
SPXL has a lower expense ratio. SPXL 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 | SPXL | TSLT |
|---|---|---|
| Expense Ratio | 0.87%Best | 1.05% |
| AUM | $7.4B | $160M |
| Dividend Yield | 0.52% | 0.00% |
| Holdings | 1,030 | 22 |
| YTD Return | +30.47%Best | -47.03% |
| 1Y Return | +39.94%Best | -48.93% |
| 3Y Return (annualized) | +52.99%Best | -13.20% |
| 5Y Return (annualized) | +20.66% | - |
| Volatility (annualized) | 38.6%Best | 104.7% |
| Max Drawdown | -49.0%Best | -83.2% |
| $10,000 over 3 years | $38,529Best | $6,540 |
| Fund Family | Direxion Shares ETF Trust | REX Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 5, 2008 | Oct 19, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 19, 2023 to Oct 14, 2026 (3 years).
SPXL vs TSLT 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 3 years both funds cover.
SPXL vs TSLT Performance
Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust and T-Rex 2X Long Tesla Daily Target ETF (TSLT) is an ETF from REX Shares. Over the past year SPXL returned +39.94% while TSLT returned -48.93%. Year to date, SPXL is up 30.47% versus a loss of 47.03% for TSLT.
Over three years, SPXL compounded at +52.99% per year against -13.20% for TSLT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLT has been the more volatile fund, with annualized monthly volatility of 104.7% compared with 38.6% for SPXL. 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 -49.0% for SPXL and -83.2% for TSLT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPXL charges 0.87% per year while TSLT charges 1.05%. On a $10,000 position that is $87 vs $105 annually, a gap of $18 per year that compounds over a long holding period. On income, SPXL currently yields 0.52% against 0.00% for TSLT.
You are not choosing between two funds in isolation.
Whichever of SPXL and TSLT 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, SPXL or TSLT?
SPXL has an expense ratio of 0.87% while TSLT charges 1.05%. SPXL is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, SPXL or TSLT?
Over the past year SPXL returned +39.94% vs -48.93% for TSLT, so SPXL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXL or TSLT?
TSLT has been the more volatile fund at 104.7% annualized versus 38.6% for SPXL. Worst drawdown: SPXL -49.0% vs TSLT -83.2%.
Should I hold both SPXL and TSLT?
SPXL and TSLT have a monthly-return correlation of 0.42, 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, SPXL or TSLT?
SPXL yields 0.52% while TSLT yields 0.00%, so SPXL currently pays the higher dividend yield.
Is TSLT better than SPXL?
SPXL has a lower expense ratio. SPXL 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.