TSLS vs HDGE

Comparison between Direxion Daily TSLA Bear 1X Shares (TSLS, ETF) and ADVISORSHARES RANGER EQUITY BEAR ETF (HDGE, ETF).

TSLS vs HDGE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSLS(ETF)	HDGE(ETF)
Net Assets	$66M	$66M
Expense Ratio	0.95%	3.62%
Max Drawdown	91.60%	94.83%
Sharpe Ratio	-0.43	-0.20
5Y Beta	-2.30	-0.78
5Y Dividends CAGR	N/A	72.63%

Net Assets

TSLS

$66M

Winner

HDGE

$66M

Expense Ratio

Winner

TSLS

0.95%

HDGE

3.62%

Max Drawdown

Winner

TSLS

91.60%

HDGE

94.83%

Sharpe Ratio

TSLS

-0.43

Winner

HDGE

-0.20

5Y Beta

Winner

TSLS

-2.30

HDGE

-0.78

5Y Dividends CAGR

TSLS

N/A

HDGE

72.63%

TSLS vs HDGE - Historical Returns

Returns include dividend reinvestment.

Period	TSLS	HDGE
1 month	+4.60%	-6.50%
3 months	-1.92%	-2.38%
6 months	+7.39%	-1.05%
1 year	-23.16%	-1.57%
5 years(CAGR)	N/A	-3.97%
10 years(CAGR)	N/A	-14.97%
Max(CAGR)	-29.06%	-15.12%

Winner

TSLS

+4.60%

HDGE

-6.50%

Winner

TSLS

-1.92%

HDGE

-2.38%

Winner

TSLS

+7.39%

HDGE

-1.05%

TSLS

-23.16%

Winner

HDGE

-1.57%

5Y(CAGR)

TSLS

N/A

HDGE

-3.97%

10Y(CAGR)

TSLS

N/A

HDGE

-14.97%

Max(CAGR)

TSLS

-29.06%

Winner

HDGE

-15.12%

TSLS vs HDGE - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	TSLS	HDGE
2026	+8.63%	-1.11%
2025	-38.69%	+1.31%
2024	-55.67%	-8.56%
2023	-64.52%	-27.57%
2022	+100.47%	+17.59%
2021	N/A	-19.94%
2020	N/A	-43.36%
2019	N/A	-36.05%
2018	N/A	+8.77%
2017	N/A	-14.78%
2016	N/A	-15.25%
2015	N/A	-6.27%
2014	N/A	-11.12%
2013	N/A	-28.60%
2012	N/A	-25.75%
2011	N/A	+0.88%

TSLS vs HDGE 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 HDGE was -93.87%, occurring on Jan 21, 2025. This drawdown has not yet recovered.

The current TSLS drawdown is -88.72%. The current HDGE drawdown is -93.45%.

Rank	TSLS	HDGE
#1	-90.72% Dec 27, 2022 - Dec 16, 2025	-93.87% Oct 3, 2011 - Jan 21, 2025
#2	-14.83% Nov 21, 2022 - Dec 13, 2022	-14.93% Jan 28, 2011 - Aug 4, 2011
#3	-13.29% Sep 2, 2022 - Sep 30, 2022	-9.43% Aug 22, 2011 - Sep 22, 2011
#4	-11.35% Oct 14, 2022 - Nov 7, 2022	-6.69% Aug 10, 2011 - Aug 19, 2011
#5	-9.86% Nov 9, 2022 - Nov 21, 2022	-6.11% Sep 22, 2011 - Oct 3, 2011
#6	-9.07% Aug 9, 2022 - Aug 30, 2022	-2.75% Aug 8, 2011 - Aug 10, 2011
#7	-2.50% Oct 11, 2022 - Oct 14, 2022	N/A
#8	-2.35% Oct 3, 2022 - Oct 5, 2022	N/A
#9	-0.80% Dec 14, 2022 - Dec 16, 2022	N/A
#10	-0.29% Aug 31, 2022 - Sep 2, 2022	N/A