SPXS vs TSLQ
Direxion Daily S&P 500 Bear 3X ETF vs Tradr 2X Short TSLA Daily ETF
Which is better, SPXS or TSLQ?
Each has led over a different period.
SPXS has a lower expense ratio. SPXS led over 3Y and the full window, TSLQ over 1Y.
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 | SPXS | TSLQ |
|---|---|---|
| Expense Ratio | 1.02%Best | 1.15% |
| AUM | $336M | $92M |
| Dividend Yield | 4.64% | 9.89% |
| Holdings | 22 | 12 |
| YTD Return | -29.24% | -6.17%Best |
| 1Y Return | -35.00% | -19.23%Best |
| 3Y Return (annualized) | -43.34%Best | -65.37% |
| 5Y Return (annualized) | -33.13% | - |
| Volatility (annualized) | 41.0%Best | 86.8% |
| Max Drawdown | -90.8%Best | -98.7% |
| $10,000 over 4.3 years | $1,036Best | $264 |
| Fund Family | Direxion Shares ETF Trust | Tradr ETFs |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Nov 5, 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).
SPXS 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.
SPXS vs TSLQ Performance
Direxion Daily S&P 500 Bear 3X ETF (SPXS) 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 SPXS returned -35.00% while TSLQ returned -19.23%. Year to date, SPXS is down 29.24% versus a loss of 6.17% for TSLQ.
Over three years, SPXS compounded at -43.34% per year against -65.37% for TSLQ. Across the full 4-year window we track, SPXS has the edge at -40.98% 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 41.0% for SPXS. 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 -90.8% for SPXS 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
SPXS charges 1.02% per year while TSLQ charges 1.15%. On a $10,000 position that is $102 vs $115 annually, a gap of $13 per year that compounds over a long holding period. On income, SPXS currently yields 4.64% against 9.89% for TSLQ.
Holdings Overlap
We hold position weights for 3 holdings in SPXS and 1 in TSLQ, totalling 89.9% 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 SPXS and 1 in TSLQ, against full books of 22 and 12.
You are not choosing between two funds in isolation.
Whichever of SPXS 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, SPXS or TSLQ?
SPXS has an expense ratio of 1.02% while TSLQ charges 1.15%. SPXS is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, SPXS or TSLQ?
Over the past year SPXS returned -35.00% vs -19.23% for TSLQ, so TSLQ leads on 1-year performance. Over the longest common window we track (4 years), SPXS annualized -40.98% vs -57.06% for TSLQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXS or TSLQ?
TSLQ has been the more volatile fund at 86.8% annualized versus 41.0% for SPXS. Worst drawdown: SPXS -90.8% vs TSLQ -98.7%.
Should I hold both SPXS and TSLQ?
SPXS 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, SPXS or TSLQ?
SPXS yields 4.64% while TSLQ yields 9.89%, so TSLQ currently pays the higher dividend yield.
Is TSLQ better than SPXS?
SPXS has a lower expense ratio. SPXS led over 3Y and the full window, TSLQ over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.