TSLS vs CPSM
Comparison between Direxion Daily TSLA Bear 1X Shares (TSLS, ETF) and CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - MAY (CPSM, ETF).
TSLS vs CPSM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TSLS
$55M
Winner
CPSM
$55M
Expense Ratio
TSLS
0.95%
Winner
CPSM
0.69%
Max Drawdown
TSLS
91.60%
Winner
CPSM
5.19%
Sharpe Ratio
TSLS
-0.61
Winner
CPSM
1.07
5Y Beta
Winner
TSLS
-2.32
CPSM
0.24
TSLS vs CPSM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TSLS
+5.13%
CPSM
+0.24%
3M
TSLS
-5.86%
Winner
CPSM
+1.49%
6M
Winner
TSLS
+8.00%
CPSM
+2.58%
1Y
TSLS
-30.06%
Winner
CPSM
+5.51%
Max(CAGR)
TSLS
-30.63%
Winner
CPSM
+7.63%
TSLS vs CPSM - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | TSLS | CPSM |
|---|---|---|
| 2026 | +3.39% | +2.11% |
| 2025 | -38.69% | +6.93% |
| 2024 | -55.67% | +6.67% |
| 2023 | -64.52% | N/A |
| 2022 | +100.47% | N/A |
TSLS vs CPSM Drawdown Comparison
The maximum drawdown for TSLS was -90.72%, occurring on Dec 16, 2025. This drawdown has not yet recovered.
The maximum drawdown for CPSM was -5.19%, occurring on Apr 8, 2025. Recovery took 47 trading sessions.
The current TSLS drawdown is -89.26%. The current CPSM drawdown is -0.18%.
| Rank | TSLS | CPSM |
|---|---|---|
| #1 | -90.72% Dec 27, 2022 - Dec 16, 2025 | -5.19% Feb 19, 2025 - Apr 28, 2025 |
| #2 | -14.83% Nov 21, 2022 - Dec 13, 2022 | -1.16% Jul 15, 2024 - Aug 13, 2024 |
| #3 | -13.29% Sep 2, 2022 - Sep 30, 2022 | -0.59% Aug 30, 2024 - Sep 12, 2024 |
| #4 | -11.35% Oct 14, 2022 - Nov 7, 2022 | -0.49% Jun 2, 2026 - Jun 10, 2026 |
| #5 | -9.86% Nov 9, 2022 - Nov 21, 2022 | -0.45% Sep 25, 2024 - Oct 14, 2024 |
| #6 | -9.07% Aug 9, 2022 - Aug 30, 2022 | -0.45% Nov 11, 2025 - Nov 26, 2025 |
| #7 | -2.50% Oct 11, 2022 - Oct 14, 2022 | -0.43% Dec 16, 2024 - Dec 24, 2024 |
| #8 | -2.35% Oct 3, 2022 - Oct 5, 2022 | -0.38% Mar 23, 2026 - Apr 1, 2026 |
| #9 | -0.80% Dec 14, 2022 - Dec 16, 2022 | -0.35% May 28, 2024 - Jun 5, 2024 |
| #10 | -0.29% Aug 31, 2022 - Sep 2, 2022 | -0.35% Jan 6, 2025 - Jan 15, 2025 |
| #11 | N/A | -0.31% Jan 24, 2025 - Feb 10, 2025 |
| #12 | N/A | -0.31% Aug 21, 2024 - Aug 23, 2024 |
| #13 | N/A | -0.30% Oct 14, 2024 - Oct 28, 2024 |
| #14 | N/A | -0.29% Aug 27, 2024 - Aug 30, 2024 |
| #15 | N/A | -0.27% May 15, 2024 - May 28, 2024 |
Correlation
Correlation between TSLS and CPSM is -0.89 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.89
-101
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