# TSLL (Direxion Daily TSLA Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TSLL returned −27.9% where its own daily promise gave −25.7%, 2.2 points short.

## Key facts

- TSLL, what TSLA did: −10.1%, as of Sep 11, 2026.
- TSLL, what +2 times a day gives: −25.7%, as of Sep 11, 2026.
- TSLL, what the fund returned: −27.9%, as of Sep 11, 2026.
- TSLL, the fund itself cost: −2.2 pts, as of Sep 11, 2026.
- TSLL, net assets: $5.0bn (source, as filed for Apr 30, 2026).
- TSLL, expense ratio: 0.83% (485BPOS XBRL, Feb 26, 2026).

## TSLL over each window to Sep 11, 2026

| Window | Fund | TSLA | +2x the move | Difference | TSLA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +20.6% | +11.6% | +23.2% | −2.5 pts | 50% |
| 3 months | −27.9% | −10.1% | −20.2% | −7.7 pts | 56% |
| 6 months | −28.3% | −6.6% | −13.2% | −15.2 pts | 51% |
| 1 year | −30.8% | −0.9% | −1.8% | −29.0 pts | 47% |
| 3 years | −35.3% | +36.6% | +73.2% | −108.5 pts | 58% |
| Since launch | −52.7% | +29.0% | +58.0% | −110.7 pts | 58% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TSLA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.77 times, against +2 stated | ETFIQ |
| Underlying | TSLA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $5.0bn | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.83% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Aug 9, 2022 | ETFIQ |
| Underlying volatility over the window | 56% annualized | ETFIQ |

## Questions

### Did TSLL return +2 times TSLA?

Over the window to Sep 11, 2026, TSLA moved −10.1% and TSLL returned −27.9%. 2 times that move is −20.2%, so the fund came out 7.7 points short of it.

### Why does TSLL not return +2 times over a year?

Because it resets daily. TSLL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x TSLA ETF tracked its stated multiple most closely?

5 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, TSLL, data as of Sep 11, 2026. https://etfiq.com/funds/TSLL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/TSLL  ·  JSON: https://etfiq.com/funds/TSLL.json