# TSLL (Direxion Daily TSLA Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: TSLL returned −37.4% where its own daily promise gave −35.6%, 1.9 points short.

## Key facts

- TSLL, what TSLA did: −16.6%, as of Sep 30, 2026.
- TSLL, what 2 times a day gives: −35.6%, as of Sep 30, 2026.
- TSLL, what the fund returned: −37.4%, as of Sep 30, 2026.
- TSLL, the fund itself cost: −1.9 pts, as of Sep 30, 2026.
- TSLL, net assets: $3.8bn (issuer page, as of Sep 30, 2026).
- TSLL, expense ratio: 0.83% (485BPOS XBRL, Feb 26, 2026).

## TSLL over each window to Sep 30, 2026

| Window | Fund | TSLA | +2x the move | Difference | TSLA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −9.0% | −3.6% | −7.1% | −1.9 pts | 40% |
| 3 months | −37.4% | −16.6% | −33.1% | −4.3 pts | 52% |
| 6 months | −28.3% | −6.9% | −13.9% | −14.4 pts | 50% |
| 1 year | −54.8% | −20.2% | −40.4% | −14.4 pts | 46% |
| 3 years | −32.8% | +41.8% | +83.6% | −116.4 pts | 58% |
| Since launch | −55.8% | +25.2% | +50.5% | −106.3 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 | +2.26 times, against +2 stated | ETFIQ |
| Underlying | TSLA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $3.8bn | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.83% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Aug 9, 2022 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did TSLL return +2 times TSLA?

Over the window to Sep 30, 2026, TSLA moved −16.6% and TSLL returned −37.4%. 2 times that move is −33.1%, so the fund came out 4.3 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 figure itself.


## Cite this page

ETFIQ, TSLL, data as of Sep 30, 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