Which came closer to its stated multiple, TESC or TSLS?

Over the window to Sep 30, 2026, TESC finished 4.4 points from what its multiple implies and TSLS finished 2.6 points from its own, so TSLS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TESC and TSLS levered on the same thing?

Yes. Both are levered on Tesla, TESC at +2 times and TSLS at -1 times the daily move.

Which one decays faster, TESC or TSLS?

Decay follows how much the underlying moves about. Over this window TESC’s moved at 52% annualized and TSLS’s at 52%, so TESC has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold TESC or TSLS 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.

Which is cheaper, TESC or TSLS?

TESC charges 0.45% a year and TSLS charges 0.95%, so TESC is cheaper. Fees come from each fund's prospectus.

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TESC vs TSLS: which held to its multiple?

Over three months against its own daily promise, TESC finished 2.0 points short and TSLS 2.1 points over. Corgi TSLA 2x Daily ETF and Direxion Daily TSLA Bear 1X ETF.

−37.5%

TESC returned, 3 months

+14.0%

TSLS returned, 3 months

−4.4 pts

TESC from its stated multiple

−2.6 pts

TSLS from its stated multiple

TESC · 3 months to Sep 30, 20264.4 pts short of its stated multiple

TESC returned −37.5% while 2 times TSLA's move would have been −33.1%

TSLS · 3 months to Sep 30, 20262.6 pts short of its stated multiple

TSLS returned +14.0% while −1 times TSLA's move would have been +16.6%

ETFIQ Decay Resistance Score · TESC scores higherDid it keep up with its own daily multiple, compounded day by day?

TESC among the 470 leveraged ETFs, long, over three months

TESC 70.1

0.1, the lowest in this set99.9, the highest

TSLS among the 125 inverse ETFs over three months

TSLS 66.8

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. TSLS is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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	TSLS	TESC	TSLS	TESC	TSLS
1 month	−9.3%	+2.8%	−7.1%	+3.6%	−2.2 pts	−0.7 pts
3 months	−37.5%	+14.0%	−33.1%	+16.6%	−4.4 pts	−2.6 pts
6 months	not published	−1.3%	not published	+6.9%	not published	−8.3 pts
1 year	not published	+9.5%	not published	+20.2%	not published	−10.7 pts
3 years	not published	−67.6%	not published	−41.8%	not published	−25.8 pts
Since launch TESC Jun 2026 · TSLS Aug 2022	−36.2%	−73.5%	−31.3%	−25.2%	−4.9 pts	−48.3 pts

TESC and TSLS 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

Corgi TSLA 2x Daily ETF · Aims to return twice the daily move of Tesla (TSLA)

TSLS

Direxion Daily TSLA Bear 1X ETF · Aims to return 1 times the opposite of the daily move of Tesla (TSLA)

Issuer Corgi Direxion

Sets out to return +2x -1x

Underlying asset TSLA TSLA

Segment company company

Fund returned, 3 months or since launch −37.5% +14.0%

Underlying returned, over that window −16.6% −16.6%

What the stated multiple implies, over that window −33.1% +16.6%

Difference from stated, over that window −4.4 pts −2.6 pts

Fund returned, 1 year or since launch −36.2% +9.5%

Difference from stated, over that window −4.9 pts −10.7 pts

Underlying volatility 52% 52%

Difference over the days both have traded −4.4 pts no shared window

Expense ratio 0.45% 0.95%

Launched Jun 30, 2026 Aug 9, 2022

Net assets $299,606 $59m

TESC and TSLS 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.

TSLS in plain words

Three months to Sep 30, 2026: TSLS returned +14.0% where its own daily promise gave +11.9%, 2.1 points over. Read the multiple against the whole window instead and −1 times TSLA's −16.6% implies +16.6%, which makes TSLS look 2.6 points short. 4.7 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. TSLS aims to return -1 times TSLA's move each day, then resets. Over longer, the daily results compound, so the total is not -1 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.

Questions people ask

Which came closer to its stated multiple, TESC or TSLS?: Over the window to Sep 30, 2026, TESC finished 4.4 points from what its multiple implies and TSLS finished 2.6 points from its own, so TSLS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TESC and TSLS levered on the same thing?: Yes. Both are levered on Tesla, TESC at +2 times and TSLS at -1 times the daily move.
Which one decays faster, TESC or TSLS?: Decay follows how much the underlying moves about. Over this window TESC’s moved at 52% annualized and TSLS’s at 52%, so TESC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TESC or TSLS 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.
Which is cheaper, TESC or TSLS?: TESC charges 0.45% a year and TSLS charges 0.95%, so TESC is cheaper. Fees come from each fund's prospectus.

Other comparisons

TESC vs TSLR TESC vs TSLQ TESC vs TSLT TESC vs TSLZ TSLS vs TSLT TSLS vs TSLZ TSLS vs TSDD TSLS vs TSL

TESC on its own →TSLS on its own →How every figure is computed →Standards and sources →

Where these figures came from

TESC filings on SEC EDGAR ↗TESC prospectus with the expense ratio (SEC) ↗Corgi website ↗TSLS filings on SEC EDGAR ↗TSLS prospectus with the expense ratio (SEC) ↗Direxion website ↗

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.

Cite this page

ETFIQ, TESC against TSLS, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tesc-vs-tsls

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.