{"url":"https://etfiq.com/compare/leverage/tsls-vs-tslz","section":"compare","title":"TSLS vs TSLZ: which held to its multiple? | ETFIQ","description":"TSLS sets out to return -1 times TSLA each day and TSLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.6 pts and \u221215.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, TSLS or TSLZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TSLS finished 2.6 points from what its multiple implies and TSLZ finished 15.5 points from its own, so TSLS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TSLS and TSLZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Tesla, TSLS at -1 times and TSLZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TSLS or TSLZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TSLS\u2019s moved at 52% annualized and TSLZ\u2019s at 52%, so TSLS has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TSLS or TSLZ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, TSLS or TSLZ?","acceptedAnswer":{"@type":"Answer","text":"TSLS charges 0.95% a year and TSLZ charges 1.05%, so TSLS is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"TSLS vs TSLZ","item":"https://etfiq.com/compare/leverage/tsls-vs-tslz"}]},{"@type":"WebPage","name":"TSLS vs TSLZ: which held to its multiple?","description":"TSLS sets out to return -1 times TSLA each day and TSLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.6 pts and \u221215.5 pts away.","url":"https://etfiq.com/compare/leverage/tsls-vs-tslz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, TSLS finished 2.1 points over and TSLZ 0.3 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TSLS and TSLZ","description":"TSLS sets out to return -1 times TSLA each day and TSLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.6 pts and \u221215.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tsls-vs-tslz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6951,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TSLS vs TSLZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TSLS vs TSLZ: which held to its multiple?\n\n Over three months against its own daily promise, TSLS finished 2.1 points over and TSLZ 0.3 points over.\n Copy this for sharing \n \n Direxion Daily TSLA Bear 1X ETF and T-REX 2X INVERSE TESLA DAILY TARGET ETF.\n\n Download as PDF \n\n +14.0% TSLS returned, 3 months \n +17.6% TSLZ returned, 3 months \n \u22122.6 pts TSLS from its stated multiple \n \u221215.5 pts TSLZ from its stated multiple \n\n ETFIQ Decay Resistance Score: TSLS scores higher\n D","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsls-vs-tslz","a":{"ticker":"TSLS","name":"Direxion Daily TSLA Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSLS returned +14.0% where its own daily promise gave +11.9%, 2.1 points over.","url":"https://etfiq.com/funds/tsls","key_facts":[{"label":"What TSLA did","value":"\u221216.6%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+11.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+14.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$59m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"TSLZ","name":"T-REX 2X INVERSE TESLA DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSLZ returned +17.6% where its own daily promise gave +17.3%, 0.3 points over.","url":"https://etfiq.com/funds/tslz","key_facts":[{"label":"What TSLA did","value":"\u221216.6%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+17.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+17.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$30m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 28, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/tsls-vs-tslz"}