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TSLL STOCK LEVERAGED ETF INTELLIGENCE
TSLL ETF: Performance, Holdings & TSLL vs TSLA
Explore Direxion Daily TSLA Bull 2X Shares returns by year from 2023 to present. Analyze the current-year return, 1-year and 3-year returns, average historical returns, positive and negative market years, and long-term market performance using the interactive research explorer.
Research & Analysis by Kamal Khondkar • Quant Researcher • TradingNInvestment
Direxion Daily TSLA Bull 2X Shares Historical Return Statistics
Historical Direxion Daily TSLA Bull 2X Shares annual price-return statistics from 2023 to present, with the current year reported separately as year-to-date.
Historical Coverage
2023 to Present
Latest verified market data
Average Annual Return
+63.63%
Completed calendar years
Median Annual Return
+91.71%
Completed calendar years
Positive / Non-Negative Years
2
66.67% of completed years
Negative Years
1
33.33% of completed years
Best Year
+129.76%
2023
Worst Year
-30.58%
2025
Current Year Return
-48.06%
2026 YTD · YTD
Direxion Daily TSLA Bull 2X Shares 1-Year and 3-Year Returns
Period returns are compounded from the latest completed calendar-year Direxion Daily TSLA Bull 2X Shares price returns. Multi-year cards also show the annualized return for the same completed-year period.
1-Year Return
-30.58%
2025 completed calendar year
3-Year Return
+45.14%
2023–2025 • Annualized
TSLL Research Context
What This TSLL Analysis Examines
TSLL is a 2× long ETF with a daily investment objective. Because the objective resets daily, returns over a week, month, year, or longer period should not be assumed to equal the stated leverage multiple applied to the corresponding long-term return of TSLA. Daily compounding, market volatility, financing costs, fund expenses, and the path of returns can materially affect the outcome.
This TNI research therefore examines TSLL across the historical periods supported by the available data. The analysis includes annual returns, drawdowns, and synchronized comparisons with TSLA. The objective is to show how TSLL has behaved across different market periods and holding horizons—not to imply that historical performance predicts future results.
Leveraged ETF results should be interpreted in the context of the fund's stated daily objective, underlying exposure, implementation structure, costs, and available operating history. TNI calculates its historical return comparisons independently from market-price data.
Growth of $10,000
See how a hypothetical $10,000 investment in TSLL grew over time.
2023–2025Long-term growth
RETURN BREAKDOWN3-Year Comparison
| Return Component | Ending Value | CAGR | Contribution |
|---|---|---|---|
| Price Return | $30,576 | 45.1% | 87.2% |
| Dividend + Reinvestment | +$4,469 | — | 12.8% |
| Total Return | $35,045 | 51.9% | 100.0% |
CONTRIBUTION THROUGH TIMEHow Reinvestment Compounded
| Year | Price Wealth | Total Wealth | Dividend + Reinvestment | Contribution |
|---|---|---|---|---|
| 2023 | $22,976 | $23,984 | +$1,008 | 4.2% |
| 2024 | $44,048 | $47,881 | +$3,833 | 8.0% |
| 2025 | $30,576 | $35,045 | +$4,469 | 12.8% |
Contribution % represents the share of ending total-return wealth associated with the difference between the dividend-reinvested total-return path and the price-only path. It is not the historical dividend yield.
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Annual Returns
Direxion Daily TSLA Bull 2X Shares Annual Price Returns by Year
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Direxion Daily TSLA Bull 2X Shares vs. TSLA Returns
Annual price-return comparison across overlapping completed calendar years from 2023 through 2025. Excess return is Direxion Daily TSLA Bull 2X Shares return minus TSLA return.
Years Compared
3
Direxion Daily TSLA Bull 2X Shares Avg. Return
+63.63%
TSLA Avg. Return
+58.54%
Avg. Excess Return
+5.09%
Outperformed
2 years
66.7% of comparable years
Underperformed
1 years
| Year | Direxion Daily TSLA Bull 2X Shares | TSLA | Difference | Result |
|---|---|---|---|---|
| 2025 | -30.58% | +11.36% | -41.95% | Underperformed |
| 2024 | +91.71% | +62.52% | +29.19% | Outperformed |
| 2023 | +129.76% | +101.72% | +28.04% | Outperformed |
Comparison uses calendar-year price returns over the common historical period. Current-year YTD performance is shown separately and is excluded from completed-year statistics.
DRAWDOWN & RECOVERY
TSLL vs TSLA Drawdowns
Drawdown measures the decline from a previous investment peak. For a daily leveraged ETF, drawdown helps show how leverage, volatility and compounding can change the depth of losses and the time required to recover.
How severe can a TSLL drawdown be?
In this synchronized TSLL–TSLA dataset, TSLL's maximum adjusted-close drawdown was -82.88%, compared with -65.05% for TSLA.
A hypothetical $10,000 investment made at TSLL's prior peak would have fallen to approximately $1,712 at the trough. Recovering from that loss requires a subsequent gain of approximately 484% just to return to the previous peak.
The same comparison for TSLA would reduce $10,000 to approximately $3,495, requiring roughly 186% to recover. This illustrates why the magnitude of a percentage loss matters: the gain required to recover becomes increasingly large as drawdowns deepen. For a different long-term equity perspective, see TNI's Berkshire Hathaway historical returns.
TSLL DRAWDOWN HISTORY
From peak to recovery
The timeline of TSLL's deepest historical decline.
TOTAL TIME BELOW PREVIOUS PEAK
Ongoing
Drawdown perspective
TSLL declined from its Dec 17, 2024 peak to its lowest point on Apr 21, 2025. The stock had not regained its previous peak by the end of the comparison period.
Source: Yahoo Finance. Drawdowns are calculated from synchronized daily adjusted-close observations from 2022-08-09 through 2026-10-13. Each series is measured from its own running peak over the identical comparison period. Past performance does not guarantee future results.
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Direxion Daily TSLA Bull 2X Shares Annual Returns by Year: 2023 to Present
Showing 3 annual price-return observations for 2023–2025.
● Negative● 0% – <10%● ≥10%
| Year | TSLL Price Return | Return Category |
|---|---|---|
| 2025 | -30.58% | Negative |
| 2024 | +91.71% | ≥10% |
| 2023 | +129.76% | ≥10% |
The current year is reported as year-to-date (YTD). Historical figures shown on this page are Direxion Daily TSLA Bull 2X Shares price returns.
Interactive Direxion Daily TSLA Bull 2X Shares Return Statistics
Statistics below update with the selected filters. Average, median, best and worst annual returns use completed calendar years only, so the current YTD period does not distort historical annual statistics.
Average Annual Return
+63.63%
3 completed years
Median Annual Return
+91.71%
Completed years only
Positive Years
2
66.67% of completed years
Negative Years
1
33.33% of completed years
Best Year
+129.76%
2023
Worst Year
-30.58%
2025
Historical Coverage
2023 to Present
Return Type
TSLL Price Return
Data Source
Yahoo Finance — Direxion Daily TSLA Bull 2X Shares (TSLL)
Direxion Daily TSLA Bull 2X Shares Historical Returns: What the Available Market History Shows
The history of Direxion Daily TSLA Bull 2X Shares returns shows how annual performance has varied across the available historical record.
This Direxion Daily TSLA Bull 2X Shares yearly returns database contains 3 completed calendar years from 2023 through 2025, plus the current 2026 year-to-date observation.
Across those 3 completed years, the average annual Direxion Daily TSLA Bull 2X Shares price return was +63.63%.
The median annual return was +91.71%.
Those summary statistics are useful, but the complete Direxion Daily TSLA Bull 2X Shares annual-return history provides more detail about how yearly performance has varied across the available record.
Looking at individual annual observations makes it possible to compare yearly outcomes using the same verified historical dataset.
Positive Direxion Daily TSLA Bull 2X Shares Years: Average Return +110.74%
One of the strongest findings in the historical Direxion Daily TSLA Bull 2X Shares returns dataset is the frequency of non-negative calendar years.
Of the 3 completed calendar years, 2 were non-negative.
That represents 66.67% of all completed years in the historical dataset.
In other words, roughly two-thirds of the completed calendar-year observations finished at or above where they began.
Across those 2 non-negative years, the average annual Direxion Daily TSLA Bull 2X Shares price return was +110.74%.
The median return among those non-negative years was +110.74%.
That median is useful because it shows that the positive-year average was not driven solely by a small number of extraordinary market gains.
Strongest Positive Direxion Daily TSLA Bull 2X Shares Year
The strongest completed year in the entire dataset was 2023, when the Direxion Daily TSLA Bull 2X Shares price return reached +129.76%.
For this research, a zero return is included in the non-negative group.
Negative Direxion Daily TSLA Bull 2X Shares Years: Average Loss -30.58%
Negative years tell the other side of Direxion Daily TSLA Bull 2X Shares performance history.
Across the same 3 completed calendar years, 1 years were negative.
That represents 33.33% of completed years.
Looking only at those 1 negative years, the average annual Direxion Daily TSLA Bull 2X Shares price return was -30.58%.
The median negative-year return was -30.58%.
These figures show that a negative calendar year historically meant considerably more than simply finishing slightly below zero.
Worst Direxion Daily TSLA Bull 2X Shares Year
The worst calendar year in the dataset was 2025, when the Direxion Daily TSLA Bull 2X Sharesprice return fell -30.58%.
Negative calendar years occurred less frequently than non-negative calendar years, but several historical losses were substantial.
What Positive and Negative Direxion Daily TSLA Bull 2X Shares Returns Show Together
Putting both groups together reveals one of the most important characteristics of historical Direxion Daily TSLA Bull 2X Shares returns.
There were 2 non-negative completed years compared with 1 negative completed years.
The average return during the 2 non-negative years was +110.74%.
The average return during the 1 negative years was -30.58%.
Across all 3 completed years together, the average annual Direxion Daily TSLA Bull 2X Shares price return was +63.63%.
The median annual return across the full historical period was +91.71%.
An investor rarely experiences the long-term historical average in any particular calendar year.
Instead, individual Direxion Daily TSLA Bull 2X Shares annual returns can vary substantially around that average.
That is one reason the complete Direxion Daily TSLA Bull 2X Shares historical returns by year table can be more informative than relying on a single long-term number.
What Does the Direxion Daily TSLA Bull 2X Shares Average Return of +63.63% Mean?
Across the 3 completed calendar years in this dataset, the arithmetic Direxion Daily TSLA Bull 2X Shares average return was +63.63% per completed calendar year.
This is the arithmetic average of the individual annual price returns in the historical dataset.
It does not mean the market gained exactly 63.63% in a typical year.
Individual Direxion Daily TSLA Bull 2X Shares yearly returns frequently differed substantially from that number.
The median annual return of +91.71% provides a second way to evaluate the distribution.
Looking at both the average and median gives readers more information about historical Direxion Daily TSLA Bull 2X Shares returns than either statistic provides by itself.
These figures represent Direxion Daily TSLA Bull 2X Shares price returns, not total returns.
Direxion Daily TSLA Bull 2X Shares 3-Year Return View
The current Direxion Daily TSLA Bull 2X Shares 3-year return view covers 2024 through 2026 YTD.
Within that window, there are 2 completed calendar years.
The average annual price return across those completed years was +30.56%.
The median annual return was +30.56%.
1 of the 2 completed years were non-negative, representing 50.00% of completed observations.
1 completed year was negative, representing 50.00%.
The strongest completed year in the period was 2024 at +91.71%.
The weakest completed year was 2025 at -30.58%.
The current 2026 YTD return of -48.06% remains separate from those completed-year statistics.
3-Year Average Return Is Not the Same as 3-Year CAGR
The +30.56% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 3-year cumulative return or compound annual growth rate.
A true 3-year cumulative return or CAGR requires a different calculation.
This completed-year sample can be compared with the full 3-year historical record when interpreting recent-period results.
Best and Worst Direxion Daily TSLA Bull 2X Shares Annual Returns
The strongest calendar-year price return in the dataset occurred in 2023 at +129.76%.
The worst annual price return occurred in 2025 at -30.58%.
These extremes are far removed from the full-dataset Direxion Daily TSLA Bull 2X Shares average return of +63.63%.
Direxion Daily TSLA Bull 2X Shares Price Return vs. Total Return
Understanding the type of return used on this page is essential.
The historical figures presented here are Direxion Daily TSLA Bull 2X Shares price returns.
Price return measures the change in the market price of the asset between periods.
The figures on this page do not include dividends.
Therefore, these results should not be interpreted as Direxion Daily TSLA Bull 2X Shares total returns.
A total-return series would incorporate dividends or other distributions according to the methodology of that series.
The chart, historical table, filters, and statistics on this page represent Direxion Daily TSLA Bull 2X Shares price performance only.
Direxion Daily TSLA Bull 2X Shares Return 2026 YTD
The current dataset shows the Direxion Daily TSLA Bull 2X Shares return for 2026 at -48.06% YTD.
Unlike the completed historical calendar-year observations, 2026 is still in progress.
TradingNInvestment therefore displays the 2026 YTD return separately.
It is excluded from calculations such as the historical average, median, best completed year, and worst completed year.
This prevents a partial-year observation from being treated as though it were directly comparable with a completed calendar year.
The 2026 YTD result can change when the underlying verified market data is updated.
Why the Median Direxion Daily TSLA Bull 2X Shares Annual Return Matters
Average return is one of the most commonly quoted historical stock market statistics.
But the median provides useful additional information.
Across the 3 completed years, the median annual Direxion Daily TSLA Bull 2X Shares price return was +91.71%, compared with an average of +63.63%.
The difference indicates that the distribution of historical annual returns is not perfectly symmetrical.
Large negative years can pull the arithmetic average downward.
Average, median, positive-year frequency, negative-year frequency, best year, and worst year together provide a more complete view of historical Direxion Daily TSLA Bull 2X Shares returns.
No single statistic captures the entire history.
How Often Have Direxion Daily TSLA Bull 2X Shares Returns Been Positive?
The dataset contains 2 non-negative years out of 3 completed years.
That corresponds to 66.67% of completed calendar years.
This is a historical frequency, not a probability forecast.
It would be incorrect to say that Direxion Daily TSLA Bull 2X Shares has a 66.67% probability of rising next year simply because 66.67% of these historical observations were non-negative.
Future market conditions can differ substantially from historical conditions.
The statistic describes what occurred across the observed period, not what must happen in the future.
Why Study Historical Direxion Daily TSLA Bull 2X Shares Returns?
Historical Direxion Daily TSLA Bull 2X Shares returns provide context that recent performance alone cannot provide.
A large gain or decline can appear unusual when viewed only against the most recent observations.
Comparing the current period with the available historical distribution helps show how it relates to earlier outcomes.
Historical returns can help investors, researchers, students, and analysts examine how annual performance has varied through the available record.
They can also reduce the tendency to use only recent performance as the reference point for evaluating the current year.
How to Use the Direxion Daily TSLA Bull 2X Shares Return Explorer
The TradingNInvestment Return Explorer is designed to make historicalDirexion Daily TSLA Bull 2X Shares returns easier to investigate.
Instead of presenting only a static chart, the tool allows readers to filter the same verified annual-return dataset.
Readers can examine all available years, non-negative years, negative years, and available historical periods.
The chart, annual-returns table, and summary statistics update from the same selected data.
Readers interested in downside history can examine the 1 negative calendar year in the completed-year dataset.
Readers studying non-negative historical performance can examine the 2 non-negative calendar years in the completed-year dataset.
When sufficient history is available, readers can also use the available period views to focus on more recent performance.
The purpose is not to predict the next Direxion Daily TSLA Bull 2X Shares return, but to make the available historical observations easier to explore and understand.
Reading Direxion Daily TSLA Bull 2X Shares Performance History in Context
One of the biggest risks when studying historical returns is selecting a period that confirms an existing belief.
A short period can appear exceptionally strong or exceptionally weak depending on its starting and ending years.
Using the broader available Direxion Daily TSLA Bull 2X Shares history provides additional context for interpreting shorter periods.
Different historical windows can produce different average returns, frequencies of positive and negative years, and extreme outcomes.
None of those periods is inherently the single correct measure of historical performance. They answer different questions about different parts of the available record.
This is why TradingNInvestment provides both the available historical series and interactive period filters.
What the Available Direxion Daily TSLA Bull 2X Shares Return History Shows
The dataset contains 3 completed calendar years of Direxion Daily TSLA Bull 2X Shares price-return observations.
Of those completed years, 2 were non-negative and 1 were negative.
When completed years were non-negative, the average annual return was +110.74%.
When completed years were negative, the average annual return was -30.58%.
The strongest completed calendar year in the dataset was 2023 at +129.76%, while the weakest was 2025 at -30.58%.
The overall average annual Direxion Daily TSLA Bull 2X Shares price return across the 3 completed calendar years was +63.63%.
Together, these statistics provide a broader view of the historical return distribution than the average alone.
The complete Direxion Daily TSLA Bull 2X Shares annual-return dataset allows readers to examine the individual yearly observations behind the summary statistics.
TradingNInvestment aims to make market history simple to read, easy to understand, and rigorous enough to support serious market research.
Research Context
Direxion Daily TSLA Bull 2X Shares Historical Returns Research
This TNI research page examines Direxion Daily TSLA Bull 2X Shares annual price returns by calendar year. The published dataset covers 2023–2025and separates completed historical years from current-year performance.
Annual price return is calculated from the final available closing price of each calendar year relative to the final available closing price of the prior calendar year. The page provides the year-by-year dataset, historical statistics, interactive visualization, and research methodology.
Risk & Due Diligence
Risk & Due Diligence
TSLL should be evaluated as a leveraged instrument with a daily investment objective. Returns over holding periods longer than one day can differ substantially from the fund's stated daily leverage multiple applied to TSLA. Daily compounding, volatility, derivatives, financing costs and fund expenses can materially affect longer-period results and the potential for loss.
Key due-diligence questions include:
- Daily objective: Is the investor evaluating TSLL based on the daily exposure it is designed to provide?
- Compounding: How did the sequence of daily TSLA returns affect the cumulative TSLL result?
- Volatility: How did periods of high volatility affect the difference between TSLL and its underlying benchmark?
- Drawdown: How large were historical declines from previous peaks, and how long did recovery take?
- Holding period: How did TSLL perform over individual days, weeks, months, and longer periods?
- Benchmark comparison: How did the leveraged ETF compare with TSLA over the same synchronized periods?
- Costs and implementation: How might fund expenses, financing associated with derivatives, trading costs, and the difference between market price and NAV affect an investor's realized result?
Important: Historical returns and drawdowns are observations from the available dataset. They are not forecasts or guarantees of future performance. For broader historical context across major market cycles, explore TNI's stock market historical returns. Investors should review the fund's current prospectus, financial statements, and other official fund documents before making an investment decision.
TNI uses Yahoo Finance historical price and adjusted-close data for the independent return calculations and visualizations on this page. Official issuer information, fund objectives, portfolio composition and fund documents are presented separately in the fund-facts section below.
OFFICIAL FUND FACTS
Direxion Daily TSLA Bull 2X Shares (TSLL)
Currently seeks 200% of the daily performance of Tesla, Inc. (TSLA), before fees and expenses. Historical leverage objectives may differ. Because the investment objective is daily, the fund's return over periods longer than one trading day should not be assumed to equal its stated leverage multiple applied to the longer-period return of TSLA.
IssuerDirexion
Daily Exposure2× long
UnderlyingTSLA
Inception2022-08-09
TSLL Holdings & Portfolio Structure
TSLL obtains leveraged daily exposure to Tesla through financial instruments, including derivatives. Its exposure is reset daily, so longer-term performance can differ substantially from twice Tesla's cumulative return.
- TSLL currently targets 2× Tesla's daily performance before fees and expenses.
- Historical leverage change: TSLL targeted 1.5× Tesla's daily performance from inception on August 9, 2022 through April 1, 2024. Effective April 2, 2024, its daily objective increased to 2×. The 2024 annual return spans both leverage regimes.
- Daily rebalancing, compounding, volatility and financing costs affect multi-day returns.
- Derivative exposure, counterparties and collateral holdings can change over time.
- Review Direxion's current holdings, prospectus and historical fund documents before investing.
Official fund information: Direxion — TSLL. TNI uses Yahoo Finance historical price and adjusted-close data for independent return, growth and drawdown calculations.
TSLL STOCK LEVERAGED ETF INTELLIGENCE
TSLL Returns FAQ
Frequently asked questions about historical returns, total return, leverage, compounding, benchmark performance and drawdown risk.
What is the TSLL ETF?
TSLL is Direxion Daily TSLA Bull 2X Shares, a leveraged ETF from Direxion. Currently seeks 200% of the daily performance of Tesla, Inc. (TSLA), before fees and expenses. Historical leverage objectives may differ. Its objective applies to a single trading day, so returns over longer periods can differ materially from the stated daily leverage multiple.
Is TSLL a safe investment?
TSLL is a leveraged ETF and can experience substantially larger gains and losses than TSLA. Whether it is appropriate depends on an investor's objectives, holding period and ability to tolerate large drawdowns. The fund's daily reset, leverage, compounding and volatility can make longer-period results materially different from the underlying asset.
What is the difference between TSLA and TSLL?
TSLA is the underlying exposure used for comparison on this page, while TSLL is a leveraged ETF seeking 2× long daily exposure linked to TSLA. TSLL resets its leverage daily, so owning TSLL is not economically identical to simply owning TSLA at a fixed multiple for a long period.
What does TSLL invest in?
TSLL obtains leveraged daily exposure to Tesla through financial instruments, including derivatives. Its exposure is reset daily, so longer-term performance can differ substantially from twice Tesla's cumulative return. The exact instruments, counterparties, collateral and portfolio weights can change over time, so current composition should be checked against the latest official Direxion fund information.
What are TSLL's holdings?
TSLL currently targets 2× Tesla's daily performance before fees and expenses. Historical leverage change: TSLL targeted 1.5× Tesla's daily performance from inception on August 9, 2022 through April 1, 2024. Effective April 2, 2024, its daily objective increased to 2×. The 2024 annual return spans both leverage regimes. Daily rebalancing, compounding, volatility and financing costs affect multi-day returns. Derivative exposure, counterparties and collateral holdings can change over time. Review Direxion's current holdings, prospectus and historical fund documents before investing.
Does TSLL ETF pay dividends?
Distribution payments can vary over time. For performance analysis, TNI separates price return from total return: the total-return analysis uses adjusted-close history to incorporate distributions and their reinvestment effect, while the annual price-return series uses historical closing prices.
What is TSLL's historical average annual return?
Across 3 completed calendar years in this dataset, TSLL's average annual tsll price return was +63.63%. The current partial year is excluded from this historical average.
What were TSLL's best and worst years?
TSLL's strongest completed calendar year in this dataset was 2023, with a price return of +129.76%. Its weakest was 2025, with a price return of -30.58%.
How does TSLL compare with TSLA?
TNI compares TSLL with TSLA using synchronized historical periods, including year-by-year annual returns, daily, weekly and monthly period returns, growth analysis and daily adjusted-close drawdowns. A rolling 10-year comparison is not shown because TSLL does not yet have ten years of trading history.
Why doesn't TSLL return exactly 2× long of TSLA over longer periods?
TSLL targets leveraged performance on a daily basis rather than promising a fixed multiple over longer holding periods. Daily resetting and compounding mean that the sequence of returns, volatility, fees and financing effects can cause longer-period performance to differ substantially from simply multiplying TSLA's longer-period return.
What happens to TSLL when TSLA falls?
TSLL seeks 2× long daily exposure linked to TSLA. A decline in TSLA can therefore produce a magnified daily decline in TSLL, before considering fees, expenses, tracking differences and market effects.
What is volatility drag in a daily leveraged ETF?
Volatility drag describes a compounding effect that can occur when returns fluctuate from day to day. Because percentage losses and gains compound from different portfolio values, repeated market swings can reduce longer-period compounded performance even when the underlying later returns near an earlier level.
How severe have TSLL's historical drawdowns been?
The drawdown analysis measures TSLL and TSLA from synchronized daily adjusted-close data. It reports each series' maximum decline from a running peak, peak and trough dates, recovery timing, and the gain required to recover from the deepest observed loss in the available dataset.
Methodology & Source
How the annual returns are calculated
Annual price return is calculated using the final available close of each calendar year relative to the final available close of the prior calendar year. The current calendar year is shown as YTD and is excluded from completed-year summary statistics.
Data Source: Yahoo Finance — Direxion Daily TSLA Bull 2X Shares (TSLL). Return Type: TSLL Price Return.
Historical Returns Tell You What Happened Before. See What Is Happening Now.
Historical Direxion Daily TSLA Bull 2X Shares returns provide context for long-term market performance, strong years, drawdowns, and changing market conditions. TNI Intelligence tracks current market-moving news and live market intelligence as conditions change.
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