TESC vs TSLL: which held to its multiple?
Over the days both have traded, TESC finished 4.4 points from its stated multiple and TSLL 4.3. Corgi TSLA 2x Daily ETF and Direxion Daily TSLA Bull 2X ETF.
TESC returned −37.5% while 2 times TSLA's move would have been −33.1%
TSLL returned −37.4% while 2 times TSLA's move would have been −33.1%
A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | TESC | TSLL | TESC | TSLL | TESC | TSLL |
| 1 month | −9.3% | −9.0% | −7.1% | −7.1% | −2.2 pts | −1.9 pts |
| 3 months | −37.5% | −37.4% | −33.1% | −33.1% | −4.4 pts | −4.3 pts |
| 6 months | not published | −28.3% | not published | −13.9% | not published | −14.4 pts |
| 1 year | not published | −54.8% | not published | −40.4% | not published | −14.4 pts |
| 3 years | not published | −32.8% | not published | +83.6% | not published | −116.4 pts |
| Since launch TESC Jun 2026 · TSLL Aug 2022 | −36.2% | −55.8% | −31.3% | +50.5% | −4.9 pts | −106.3 pts |
TESC and TSLL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
TESC and TSLL on the same fields, as of Sep 30, 2026. Source: ETFIQ.
TESC in plain words
Three months to Sep 30, 2026: TESC returned −37.5% where its own daily promise gave −35.6%, 2.0 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TESC look 4.4 points short. 2.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. TESC aims to return +2 times TSLA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. TSLA moved at 52% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
TSLL in plain words
Three months to Sep 30, 2026: TSLL returned −37.4% where its own daily promise gave −35.6%, 1.9 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TSLL look 4.3 points short. TSLL aims to return +2 times TSLA's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, TESC or TSLL?
- Over the window to Sep 30, 2026, TESC finished 4.4 points from what its multiple implies and TSLL finished 4.3 points from its own, so TSLL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TESC and TSLL levered on the same thing?
- Yes. Both are levered on Tesla, TESC at +2 times and TSLL at +2 times the daily move.
- Which one decays faster, TESC or TSLL?
- Decay follows how much the underlying moves about. Over this window TESC’s moved at 52% annualized and TSLL’s at 52%, so TESC has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TESC or TSLL for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, TESC against TSLL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tesc-vs-tsll
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, TESC against TSLL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tesc-vs-tsll Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, TESC against TSLL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tesc-vs-tsll
- APA
- ETFIQ. (Sep 30, 2026). TESC against TSLL. Retrieved from https://etfiq.com/compare/leverage/tesc-vs-tsll
- Markdown
- [TESC against TSLL (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/tesc-vs-tsll)