TSLS vs VOO
Direxion Daily TSLA Bear 1X ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | TSLS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $63M | $997.4B | |
| Dividend Yield | 2.36% | 1.08% | |
| Holdings | 9 | 509 | |
| YTD Return | +8.64% | +12.87% | |
| 1Y Return | -21.99% | +21.15% | |
| 3Y Return (annualized) | -32.75% | +20.93% | |
| 5Y Return (annualized) | - | +12.76% | |
| Volatility (annualized) | 60.4% | 14.1% | |
| Max Drawdown | -90.7% | -34.3% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | Sep 7, 2010 |
TSLS vs VOO Performance
Direxion Daily TSLA Bear 1X ETF (TSLS) is a ETF from Direxion Shares ETF Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TSLS returned -21.99% while VOO returned +21.15%. Year to date, TSLS is up 8.64% versus a gain of 12.87% for VOO.
Over three years, TSLS compounded at -32.75% per year against +20.93% for VOO. Across the full 4-year window we track, VOO has the edge at +13.46% annualized vs -28.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLS has been the more volatile fund, with annualized monthly volatility of 60.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -90.7% for TSLS and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TSLS charges 0.95% per year while VOO charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, TSLS currently yields 2.36% against 1.08% for VOO.
Holdings Overlap
TSLS and VOO share 0 holdings out of 508 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TSLS or VOO?
TSLS has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, TSLS or VOO?
Over the past year TSLS returned -21.99% vs +21.15% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), TSLS annualized -28.39% vs +13.46% for VOO. Past performance does not guarantee future results.
Which is riskier, TSLS or VOO?
TSLS has been the more volatile fund at 60.4% annualized versus 14.1% for VOO. Worst drawdown: TSLS -90.7% vs VOO -34.3%.
Should I hold both TSLS and VOO?
TSLS and VOO have a monthly-return correlation of -0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TSLS and VOO?
TSLS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, TSLS or VOO?
TSLS yields 2.36% while VOO yields 1.08%, so TSLS currently pays the higher dividend yield.
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