TSLSvsSHETF Comparison
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Direxion Daily TSLA Bear 1X Shares (TSLS) and ProShares Short S&P500 ETF (SH) belong to the same industry segment: Inverse Equity. TSLS is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.89% for SH. TSLS is up 5.2% year-to-date (YTD) with -$36M in YTD flows. SH performs worse with -8.79% YTD performance, and +$187M in YTD flows. Run a side-by-side ETF comparison of TSLS and SH below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TSLS vs SH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSLS SH | -2.14%+1.54% | -16.77%+1.88% | +5.20%-8.79% | +2.24%-9.14% | -73.51%-35.34% | n/a-31.44% |
| Flows | TSLS SH | -$2M-$34M | -$24M+$85M | -$36M+$187M | -$43M-$77M | +$59M-$260M | -+$342M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSLS SH | +39.57%+10.33% | +44.33%+12.89% | +57.62%+14.99% | n/a+17.09% |
| Max drawdown | TSLS SH | -23.23%-3.13% | -28.42%-18.29% | -84.13%-37.27% | n/a-46.00% |
| Max drawdown duration | TSLS SH | 90d43d | 98d219d | 926d1091d | n/a1484d |
Trading data
TSLS | SH | |
Last sale 11/5/2026 at 2:30 PM | $58.05 | $33.83 |
| Previous close 11/04/2026 | $52.39 | $32.41 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 6, 2026
1-year trailing difference
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TSLS | SH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
TSLS | SH | |
|---|---|---|
| Last price | $58.05 | $33.83 |
| 1D performance | +10.80% | +4.38% |
| AuM | $41.12 M | $953.48 M |
| E/R | 0.95% | 0.89% |
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Exposure
Exposure data will be available soon
Frequently asked questions about TSLS and SH
How have the TSLS and SH ETFs performed in 2026?
As of November 4, 2026, TSLS is up 5.2% year-to-date (YTD), while SH has lost -8.79%. That puts TSLS better performer ahead so far this year.
Which ETF is attracting more investor money: TSLS or SH?
Year-to-date, the TSLS ETF saw -$36M in flows, compared to +$187M for SH.
Which ETF is more volatile: TSLS or SH?
Over the past year, TSLS had a volatility of 44.33%, while SH experienced 12.89%.
Which ETF is bigger: TSLS or SH?
As of November 4, 2026, TSLS holds $41.12 M in assets under management (AUM), while SH manages $953.48 M.
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