TSLS vs TSMZ
Direxion Daily TSLA Bear 1X ETF vs Direxion Daily TSM Bear 1X ETF
Which is better, TSLS or TSMZ?
TSLS has been ahead.
TSLS has a lower expense ratio. TSLS 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 | TSLS | TSMZ |
|---|---|---|
| Expense Ratio | 0.94%Best | 1.01% |
| AUM | $48M | $3M |
| Dividend Yield | 2.74% | 4.42% |
| Holdings | 18 | 14 |
| YTD Return | +7.85%Best | -32.28% |
| 1Y Return | +3.45%Best | -37.86% |
| 3Y Return (annualized) | -31.79% | - |
| Volatility (annualized) | 52.9% | 33.3%Best |
| Max Drawdown | -72.2%Best | -75.1% |
| $10,000 over 2 years | $3,809Best | $3,361 |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse 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).
TSLS vs TSMZ 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.
TSLS vs TSMZ Performance
Direxion Daily TSLA Bear 1X ETF (TSLS) is an ETF from Direxion Shares ETF Trust and Direxion Daily TSM Bear 1X ETF (TSMZ) is an ETF from Direxion Shares ETF Trust. Over the past year TSLS returned +3.45% while TSMZ returned -37.86%. Year to date, TSLS is up 7.85% versus a loss of 32.28% for TSMZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLS has been the more volatile fund, with annualized monthly volatility of 52.9% compared with 33.3% for TSMZ. 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 -72.2% for TSLS and -75.1% for TSMZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TSLS charges 0.94% per year while TSMZ charges 1.01%. On a $10,000 position that is $94 vs $101 annually, a gap of $7 per year that compounds over a long holding period. On income, TSLS currently yields 2.74% against 4.42% for TSMZ.
Holdings Overlap
We hold position weights for 3 holdings in TSLS and 3 in TSMZ, totalling 122.2% and 122.4% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 3 positions we hold weights for in TSLS and 3 in TSMZ, against full books of 18 and 14.
You are not choosing between two funds in isolation.
Whichever of TSLS and TSMZ 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, TSLS or TSMZ?
TSLS has an expense ratio of 0.94% while TSMZ charges 1.01%. TSLS is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, TSLS or TSMZ?
Over the past year TSLS returned +3.45% vs -37.86% for TSMZ, so TSLS leads on 1-year performance. Over the longest common window we track (2 years), TSLS annualized -38.28% vs -42.03% for TSMZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TSLS or TSMZ?
TSLS has been the more volatile fund at 52.9% annualized versus 33.3% for TSMZ. Worst drawdown: TSLS -72.2% vs TSMZ -75.1%.
Should I hold both TSLS and TSMZ?
TSLS and TSMZ have a monthly-return correlation of 0.50, 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, TSLS or TSMZ?
TSLS yields 2.74% while TSMZ yields 4.42%, so TSMZ currently pays the higher dividend yield.
Is TSMZ better than TSLS?
TSLS has a lower expense ratio. TSLS 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.