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ETFs

Direxion Shares ETF Trust Direxion Daily TSLA Bull 1.5X Shares

TSLL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2022
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$253,852,748
AUM
$981,562,055
Associated Index
None
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
18.95%
TSLA
Tesla Inc
8.70%
n/a
GOLDMAN FINL SQ TRSRY INST 506
8.42%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
6.97%
n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
3.47%
Invest with TSLL

What is TSLL?

The Direxion Daily TSLA Bull 1.5X Shares (TSLL) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying TSLA performance itself. As a result, the fund may be riskier than alternatives that do not use leverage because the fund's objective is to magnify the daily performance of the common shares of Tesla, Inc. (NASDAQ: TSLA). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of TSLA for the period. The return of the fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 150% of the return of TSLA for that period. Longer holding periods, higher volatility of TSLA and leverage increase the impact of compounding on an investor's returns. During periods of higher TSLA volatility, the volatility of TSLA may affect the fund's performance.

ETFs related toTSLL

ETFs correlated to TSLL include TSL, TSLR, TSLY

TSLL
Direxion Shares ETF Trust - Direxion Daily TSLA Bull 1.5X Shares
TSL
GraniteShares ETF Trust - GraniteShares 1.25x Long Tesla Daily ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
TSLY
Tidal Trust II - YieldMax TSLA Option Income Strategy ETF
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTSLL

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with TSLL using Composer

FAQ

TSLL is a US Equities ETF. The Direxion Daily TSLA Bull 1.5X Shares (TSLL) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying TSLA performance itself. As a result, the fund may be riskier than alternatives that do not use leverage because the fund's objective is to magnify the daily performance of the common shares of Tesla, Inc. (NASDAQ: TSLA). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of TSLA for the period. The return of the fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 150% of the return of TSLA for that period. Longer holding periods, higher volatility of TSLA and leverage increase the impact of compounding on an investor's returns. During periods of higher TSLA volatility, the volatility of TSLA may affect the fund's performance.

Yes, TSLL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TSLL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TSLL is 0.0946%. This is the percent change in the value of TSLL over the most recent 1-month period. The 3-month return on TSLL is -0.0052%. This is the percent change in the value of TSLL over the most recent 3-month period.

The standard deviation of TSLL for the past year is 0.9175%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TSLL include SSO, SPXL, and SDS.

ETFs correlated to TSLL include TSL, TSLR, and TSLY.

ETFs that are inversely correlated to TSLL include TSLQ, TSLS, and SARK.

Yes, TSLL is a Leveraged (1.5x) ETF.

Yes, TSLL is a Leveraged (1.5x) leveraged ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.