TSL vs TSMX
GraniteShares 1.25x Long TSLA Daily ETF vs Direxion Daily TSM Bull 2X ETF
Which is better, TSL or TSMX?
TSMX has been ahead.
TSMX has a lower expense ratio. TSMX led over 1Y 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 | TSL | TSMX |
|---|---|---|
| Expense Ratio | 1.15% | 0.99%Best |
| AUM | $12M | $501M |
| Dividend Yield | 0.00% | 4.75% |
| Holdings | 4 | 18 |
| YTD Return | -23.76% | +48.11%Best |
| 1Y Return | -22.82% | +65.91%Best |
| 3Y Return (annualized) | +5.98% | - |
| Volatility (annualized) | 68.5%Best | 71.3% |
| Max Drawdown | -63.3%Best | -63.8% |
| $10,000 over 2 years | $14,056 | $33,390Best |
| Fund Family | GraniteShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Leveraged Equity | Trading-Leveraged Equity |
| Inception | Aug 9, 2022 | Oct 3, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 3, 2024 to Oct 14, 2026 (2 years).
TSL vs TSMX 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 2 years both funds cover.
TSL vs TSMX Performance
GraniteShares 1.25x Long TSLA Daily ETF (TSL) is an ETF from GraniteShares and Direxion Daily TSM Bull 2X ETF (TSMX) is an ETF from Direxion Shares ETF Trust. Over the past year TSL returned -22.82% while TSMX returned +65.91%. Year to date, TSL is down 23.76% versus a gain of 48.11% for TSMX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSMX has been the more volatile fund, with annualized monthly volatility of 71.3% compared with 68.5% for TSL. 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 -63.3% for TSL and -63.8% for TSMX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TSL charges 1.15% per year while TSMX charges 0.99%. On a $10,000 position that is $115 vs $99 annually, a gap of $16 per year that compounds over a long holding period. On income, TSL currently yields 0.00% against 4.75% for TSMX.
You are not choosing between two funds in isolation.
Whichever of TSL and TSMX 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, TSL or TSMX?
TSL has an expense ratio of 1.15% while TSMX charges 0.99%. TSMX is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, TSL or TSMX?
Over the past year TSL returned -22.82% vs +65.91% for TSMX, so TSMX leads on 1-year performance. Over the longest common window we track (2 years), TSL annualized +18.56% vs +82.73% for TSMX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TSL or TSMX?
TSMX has been the more volatile fund at 71.3% annualized versus 68.5% for TSL. Worst drawdown: TSL -63.3% vs TSMX -63.8%.
Should I hold both TSL and TSMX?
TSL and TSMX have a monthly-return correlation of 0.41, 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, TSL or TSMX?
TSL yields 0.00% while TSMX yields 4.75%, so TSMX currently pays the higher dividend yield.
Is TSMX better than TSL?
TSMX has a lower expense ratio. TSMX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.