TSLL’s worst drop since 2022 was 83%
Direxion Daily TSLA Bull 2X (TSLL) fell 83% from Dec 2024 to Apr 2025. It has not closed above that Dec 2024 peak since, 1.8 years later. Over the same years the S&P 500 fell as much as 19%.
That drop is milder than most. It ranks 7th of the 12 leveraged ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2022 to now
How TSLL held up in each crash
| Crash | Years | TSLL | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | not trading yet | −33.7% |
| 2022 rate shock | 2022 | not trading yet | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how TSLL behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was TSLL’s maximum drawdown?
TSLL’s deepest fall since 2022 was 82.9%, from its high on December 17, 2024 to its low on April 21, 2025. The figure uses daily prices with dividends reinvested.
How long did TSLL take to recover?
It has not recovered yet. As of October 13, 2026 it sits 73.0% below that Dec 2024 high.
Was TSLL riskier than the S&P 500?
Over the same years, TSLL’s worst drop was 82.9% against 18.8% for the S&P 500 (SPY), and its worst 12 months were −56.3% against −2.9%.
Compare with
Daily adjusted closes from Yahoo Finance, August 10, 2022 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.