ETF overview
TSLL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to April 2, 2024, the fund was named Direxion Daily TSLA Bull 1.5X Shares, seeking to provide a 1.5x leverage exposure. Effective February 27, 2026, the fund replaced the term Shares in its name with ETF.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 0.95%
- Fund assets
- 3.65B USD (all share classes)
- Issuer
- Direxion
- Inception date
- Aug 9, 2022
- Number of holdings
- 10
Holdings (10)
| Name | Ticker | Exposure |
|---|---|---|
| TSLA SWAP ASSET LEG (TSLABCL) | 41.81% | |
| TSLA SWAP ASSET LEG (TSLACTL) | 31.50% | |
| TSLA SWAP ASSET LEG (TSLABPL) | 27.24% | |
| JP MORGAN 100 US TRSY CAPITAL 3163 | 26.09% | |
| TSLA SWAP ASSET LEG (TSLAGSL) | 25.90% | |
| TSLA SWAP ASSET LEG (TSLAJPL) | 22.85% | |
| GOLDMAN FINL SQ TRSRY INST 506 | 21.82% | |
| TSLA SWAP ASSET LEG (TSLANML) | 21.51% | |
| TESLA INC | TSLA | 17.60% |
| TSLA SWAP ASSET LEG (TSLAMLL) | 11.56% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
Historical returns do not guarantee future returns. This is not investment advice.
- Leverage
- 2x daily
- Expense ratio
- 0.95%
- Fund assets
- 3.65B USD (all share classes)
- Issuer
- Direxion
- Inception date
- Aug 9, 2022
- Number of holdings
- 10
| Name | Ticker | Exposure |
|---|---|---|
| TSLA SWAP ASSET LEG (TSLABCL) | 41.81% | |
| TSLA SWAP ASSET LEG (TSLACTL) | 31.50% | |
| TSLA SWAP ASSET LEG (TSLABPL) | 27.24% | |
| JP MORGAN 100 US TRSY CAPITAL 3163 | 26.09% | |
| TSLA SWAP ASSET LEG (TSLAGSL) | 25.90% | |
| TSLA SWAP ASSET LEG (TSLAJPL) | 22.85% | |
| GOLDMAN FINL SQ TRSRY INST 506 | 21.82% | |
| TSLA SWAP ASSET LEG (TSLANML) | 21.51% | |
| TESLA INC | TSLA | 17.60% |
| TSLA SWAP ASSET LEG (TSLAMLL) | 11.56% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
TSLL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 2x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to April 2, 2024, the fund was named Direxion Daily TSLA Bull 1.5X Shares, seeking to provide a 1.5x leverage exposure. Effective February 27, 2026, the fund replaced the term Shares in its name with ETF.
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