Which came closer to its stated multiple, TSLG or TSLL?

Over the window to Sep 30, 2026, TSLG finished 4.2 points from what its multiple implies and TSLL finished 4.3 points from its own, so TSLG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TSLG and TSLL levered on the same thing?

Yes. Both are levered on Tesla, TSLG at +2 times and TSLL at +2 times the daily move.

Which one decays faster, TSLG or TSLL?

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

Can I hold TSLG 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.

Which is cheaper, TSLG or TSLL?

TSLG charges 0.80% a year and TSLL charges 0.83%, so TSLG is cheaper. Fees come from each fund's prospectus.

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TSLG vs TSLL: which held to its multiple?

Over the days both have traded, TSLG finished 4.2 points from its stated multiple and TSLL 4.3. Leverage Shares 2X Long TSLA Daily ETF and Direxion Daily TSLA Bull 2X ETF.

−37.4%

TSLG returned, 3 months

−37.4%

TSLL returned, 3 months

−4.2 pts

TSLG from its stated multiple

−4.3 pts

TSLL from its stated multiple

TSLG · 3 months to Sep 30, 20264.2 pts short of its stated multiple

TSLG returned −37.4% while 2 times TSLA's move would have been −33.1%

TSLL · 3 months to Sep 30, 20264.3 pts short of its stated multiple

TSLL returned −37.4% while 2 times TSLA's move would have been −33.1%

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

TSLG 76.9

TSLL 73.2

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

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	TSLG	TSLL	TSLG	TSLL	TSLG	TSLL
1 month	−9.3%	−9.0%	−7.1%	−7.1%	−2.1 pts	−1.9 pts
3 months	−37.4%	−37.4%	−33.1%	−33.1%	−4.2 pts	−4.3 pts
6 months	−28.4%	−28.3%	−13.9%	−13.9%	−14.5 pts	−14.4 pts
1 year	−54.6%	−54.8%	−40.4%	−40.4%	−14.2 pts	−14.4 pts
3 years	not published	−32.8%	not published	+83.6%	not published	−116.4 pts
Since launch TSLG Dec 2024 · TSLL Aug 2022	−70.5%	−55.8%	−37.3%	+50.5%	−33.1 pts	−106.3 pts

TSLG 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

TSLG

Leverage Shares 2X Long TSLA Daily ETF · Aims to return twice the daily move of Tesla (TSLA)

TSLL

Direxion Daily TSLA Bull 2X ETF · Aims to return twice the daily move of Tesla (TSLA)

Issuer Leverage Shares Direxion

Sets out to return +2x +2x

Underlying asset TSLA TSLA

Segment company company

Fund returned, 3 months or since launch −37.4% −37.4%

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

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

Difference from stated, over that window −4.2 pts −4.3 pts

Fund returned, 1 year or since launch −54.6% −54.8%

Difference from stated, over that window −14.2 pts −14.4 pts

Underlying volatility 52% 52%

Difference over the days both have traded −4.2 pts −4.3 pts

Expense ratio 0.80% 0.83%

Launched Dec 13, 2024 Aug 9, 2022

Net assets $40m $3.8bn

TSLG and TSLL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TSLG in plain words

Three months to Sep 30, 2026: TSLG returned −37.4% where its own daily promise gave −35.6%, 1.8 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TSLG look 4.2 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. TSLG 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, TSLG or TSLL?: Over the window to Sep 30, 2026, TSLG finished 4.2 points from what its multiple implies and TSLL finished 4.3 points from its own, so TSLG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TSLG and TSLL levered on the same thing?: Yes. Both are levered on Tesla, TSLG at +2 times and TSLL at +2 times the daily move.
Which one decays faster, TSLG or TSLL?: Decay follows how much the underlying moves about. Over this window TSLG’s moved at 52% annualized and TSLL’s at 52%, so TSLG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TSLG 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.
Which is cheaper, TSLG or TSLL?: TSLG charges 0.80% a year and TSLL charges 0.83%, so TSLG is cheaper. Fees come from each fund's prospectus.

Other comparisons

TSLG vs TSLQ TSLG vs TSLR TSLG vs TSLS TSLG vs TSLT TSLL vs TSLQ TSLL vs TSLR TSLL vs TSLS TSLL vs TSLT

TSLG on its own →TSLL on its own →How every figure is computed →Standards and sources →

Where these figures came from

TSLG filings on SEC EDGAR ↗TSLG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗TSLL filings on SEC EDGAR ↗TSLL 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, TSLG against TSLL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tslg-vs-tsll

Open data

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