DV
Dividend Vision

Security Comparison

TSLL vs TSLA: Daily Leverage, or Just the Shares?

A head-to-head of Direxion Daily TSLA Bull 1.5X Shares and Tesla common stock covering daily reset, cost, and why they are not substitutes.

Updated October 8, 2026

How these figures are calculated: methodology.

Best for

  • TSLAInvestors who want direct ownership of the underlying business, with no fund wrapper or management fee.
  • TSLLInvestors who want higher current income (2.84% while TSLA makes no distribution).

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.

TSLA has outpaced TSLL over the trailing twelve months, posting a -12.76% total return against -45.78%. The lead holds up over 3 years too: TSLA has compounded at 13.80% a year, against -9.64% for TSLL. TSLA has been the steadier holding, though — annualized volatility of 57.7% against 112.5% for TSLL. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD cumulative1Y cumulative3Y annualizedSince Aug 2022Volatility Sharpe Sortino Max drawdown
TSLA-12.64%-12.76%13.80%7.48%57.7%0.150.21-53.8%
TSLL-41.30%-45.78%-9.64%-14.92%112.5%-0.13-0.18-82.9%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 9, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Aug 2022” measures every fund from August 9, 2022 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Not a distribution payer

TSLA (Tesla, Inc.) has no distribution rate on file and its distribution frequency is None. TSLA is not a payer. The blank yield is not a zero yield.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricTSLATSLL
Full nameTesla, Inc.Direxion Daily TSLA Bull 2X Shares
Issuer—Direxion
Last Close$375.00 as of October 8, 2026$10.01 as of October 8, 2026
Distribution rate—2.84%
Trailing 12-month yield—9.65%
Distribution Safety Score™ —69
Safety-Adjusted Yield —1.96%
Expense ratio—0.83%
AUM—$4.09B
Distribution frequencyNoneQuarterly
Underlying index—Tesla (TSLA)
ObjectiveDesigns, develops, manufactures, and sells electric vehicles, energy generation and storage systems, and related services. Operates automotive, energy generation and storage, and services segments.Seeks daily investment results, before fees and expenses, of 200% of the performance of the common shares of Tesla, Inc.
Asset classEquityEquity
Inception dateN/A08/08/2022
Beta1.9163.68
Last dividend—$0.071
Ex-dividend date—09/22/2026

Bottom lineChoose TSLA if you want direct ownership of the underlying business, with no fund wrapper or management fee. Choose TSLL if you want higher current income (2.84% while TSLA makes no distribution).

TSLA vs TSLL: the stock or 1.5x daily?

TSLA is the shares. TSLL seeks 1.5x Tesla's daily move and resets. It is a trading vehicle, not a substitute.

TSLATSLL
What you ownTesla common stock1.5x daily Tesla
Expense ratioNone (common stock)0.83%
Daily resetNoYes

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

  • Daily leverage reset. TSLL targets a multiple of the index's DAILY move, resetting every session. Over weeks and months the compounding of daily resets (volatility decay) can drag returns far below the stated multiple, especially in choppy markets — and losses are magnified the same way gains are.

Learn the mechanics: Why daily-reset leverage decays

Model this comparison:
Compare in my portfolio Forecast income Save to watchlist

Income calculator

See how much monthly income a hypothetical investment would generate in each security at current yields.

Direxion
ETFs133
Total AUM$73.2B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Direxion is known for offering leveraged and inverse ETFs that enable investors to amplify or hedge market exposure across various asset classes and market segments. The firm's fund lineup focuses primarily on income-generating strategies and leveraged products, featuring both daily leveraged long positions and inverse (bearish) funds designed for tactical trading and hedging purposes. The issuer maintains a broad range of tickers covering sectors, commodities, cryptocurrencies, and equity indices, appealing to active traders and investors seeking non-traditional exposure management tools.

See our curated list of related YouTube videos on TSLL.

See all Direxion ETFs

Want to go deeper?

Add these securities to a sample portfolio and forecast your dividend income over 5+ years — free to start, no credit card.

Compare in my portfolio Forecast income Save to watchlist

Quick verdict

TSLA (Tesla, Inc.) is a stock, while TSLL (Direxion Daily TSLA Bull 2X Shares) is an ETF — their trading structures differ.

TSLL currently shows a 2.84% distribution yield. TSLA has not yet established a full distribution history, so a comparable yield figure is not available.

Who should choose each?

Choose TSLA

Tesla, Inc.

  • Want direct stock ownership — full upside and dividend growth potential, no fund wrapper or expense ratio.
  • Prefer lower volatility — a beta of 1.9 vs 3.7 for TSLL.

Choose TSLL

Direxion Daily TSLA Bull 2X Shares

  • Want higher current income — TSLL yields 2.84% while TSLA makes no distribution.
  • Want broad equity exposure.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, TSLA has no reported distribution yield yet, so a cash estimate is not available, while TSLL would produce $71.00 cash per distribution, at current distribution rates.

TSLA yield—
TSLL yield2.84%

Cost & efficiency

TSLL charges a 0.83% expense ratio — roughly $830 over 10 years on $10,000 (simplified, not compounded). TSLA is a stock, not a fund, so it charges no expense ratio.

TSLL ER0.83%

Strategy & risk

TSLA is a stock built around electric vehicles exposure, while TSLL tracks Tesla (TSLA) with a leverage approach. Beta is 1.916 for TSLA and 3.68 for TSLL, making TSLA the less volatile of the two by this measure.

TSLA beta1.916
TSLL beta3.68

Security details

TSLA (Tesla, Inc.) is a stock. TSLL is managed by Direxion (launched 08/08/2022) with $4.09B in assets.

TSLL AUM$4.09B
Ready to act?
Open in Comparator Model in portfolio See pricing

Enjoyed this page?

Do us a favor — if you found this comparison useful, please share it with a friend researching dividend investments.

Frequently asked questions

What is the difference between TSLL and TSLA?

TSLA (Tesla, Inc.) is the common stock. TSLL (Direxion Daily TSLA Bull 2X Shares) seeks one-and-a-half times Tesla's daily move, then resets. That daily reset is the product: compounding helps in a grind higher and hurts in a choppy tape. TSLL charges 0.83%; the stock has no expense ratio. Distributions are 2.84% and — as of October 2026. TSLL is a trading vehicle, not a substitute for the shares.

Which of TSLA or TSLL pays more dividend income?

TSLL currently reports a distribution yield, while TSLA has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between TSLA and TSLL?

TSLA (Tesla, Inc.) is a stock built around electric vehicles exposure, while TSLL (Direxion Daily TSLA Bull 2X Shares) tracks Tesla (TSLA) with a leverage approach. They are issued by — and Direxion respectively.

Can I hold both TSLA and TSLL?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, TSLA or TSLL?

TSLL charges a 0.83% expense ratio. TSLA is a stock, not a fund, so it has no expense ratio — owning it directly costs nothing in ongoing fund fees.

How much income does $10,000 in TSLA vs TSLL generate?

At current rates, TSLA does not pay distributions, so there is no cash income to estimate. The same in TSLL would produce about $71.00 cash per distribution ($284.00 annually).

Which has performed better historically, TSLA or TSLL?

TSLA has outpaced TSLL over the trailing twelve months, posting a -12.76% total return against -45.78%. The lead holds up over 3 years too: TSLA has compounded at 13.80% a year, against -9.64% for TSLL. TSLA has been the steadier holding, though — annualized volatility of 57.7% against 112.5% for TSLL. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

TSLA vs TSLL — at a glance

Generated October 3, 2026.

Overview

TSLA is a stock in Tesla, the electric vehicle and energy storage company.

How they differ

TSLA is an individual stock with no fees or distributions. TSLL is a 2x leveraged derivative product built to track double the daily performance of TSLA through swaps, futures, and cash borrowing. That leverage comes at a cost: 0.83% in annual expenses, plus the drag of daily rebalancing (which compounds gains and losses differently than buy-and-hold). TSLL's AUM of $4.09B reflects investor demand for leveraged Tesla exposure, but that size does not reduce the structural friction of daily reset mechanics. TSLA's beta of 1.845 captures Tesla's intrinsic volatility; TSLL's beta of 3.45 reflects the synthetic amplification, not added stability.

Who each is best for

TSLA: Investors holding a conviction on Tesla's long-term automotive and energy transition thesis, with risk tolerance for a volatile single-name stock and a multi-year time horizon. Those comfortable with no dividend income and willing to manage execution risk around their own entry and exit timing.

TSLL: Traders and tactical allocators betting on near-term upward momentum in Tesla over days or weeks, with high risk tolerance for intraday volatility and reset drag. Designed for short holding periods; unsuitable for buy-and-hold strategies spanning months or years.

Key risks to know

  • Daily reset drag: TSLL rebalances to 2x leverage every trading day. In choppy or sideways markets, this reset accumulates slippage and can cause cumulative performance to lag 2x TSLA returns over longer periods, even if TSLA itself is flat or slightly positive.
  • Leverage amplifies losses: TSLL's 3.45 beta means a 10% drop in TSLA translates to roughly a 20% loss in TSLL. Sustained downturns can erode NAV sharply, and margin calls or forced liquidation of underlying positions to meet leverage maintenance could accelerate losses.
  • High implied cost of borrowing: The 0.83% expense ratio covers the cost of derivatives and financing the 2x leverage. If funding costs rise or implied volatility spikes, those costs can increase, eating into returns without a change in the underlying stock.
  • Decay in prolonged sideways or down markets: TSLL is optimized for daily rallies. Multi-week flat or declining periods can cause significant decay relative to TSLA, even before accounting for the expense ratio. Earnings misses, supply chain disruptions, or competitive pressures affect the entire position.

Bottom line

TSLA is a direct ownership stake in Tesla with market-level volatility and no fees; it fits investors with a multi-year outlook. TSLL is a leveraged bet on Tesla's daily price momentum, with structural headwinds from daily rebalancing and a 0.83% drag—it's a tactical trading vehicle, not a hold-forever security. If you're building a multi-year position in Tesla, TSLA offers straightforward exposure; if you're timing short-term strength or testing momentum, TSLL's leverage carries real costs that can compound against you in choppy markets. Past performance of either does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

How to read a fund's stats How expense ratios eat returns Correlation between two funds

Still deciding? Compare them against your own portfolio

See how each security fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.

Start Free Open in Comparator Browse Screener

These comparisons follow the Dividend Vision methodology.