US-listed · NASDAQ · FIF-eligible (above NZ$50K)
Direxion TSLL Direxion Daily TSLA Bull 2X Shares
Designed to deliver 2× the daily return of Tesla (TSLA) common stock. Single-stock leverage; daily rebalancing produces decay over multi-day holds.
Updated Reviewed quarterly
TSLL is a 2× leveraged single-stock ETF — leverage decay PLUS company-specific event risk with no diversification. Tesla single-day moves of ±15-20% on news are routine; TSLL doubles those to ±30-40%. Designed by Direxion for daily-cycle trading by sophisticated investors — not for buy-and-hold portfolios. Single-stock leveraged products are a relatively new and untested product class with elevated risk versus broader-index leveraged ETFs. Read our full leveraged-ETF risk explainer at /learn/leveraged-etfs-risk-nz/ before considering this fund.
About this fund
What is TSLL?
TSLL is the US-listed ticker for Direxion Daily TSLA Bull 2X Shares, issued by Direxion. Designed to deliver 2× the daily return of Tesla (TSLA) common stock. Single-stock leverage; daily rebalancing produces decay over multi-day holds. TER is 0.95% per year.
TSLL does not distribute. Returns are reflected in unit price (accumulating / no distribution).
Platform availability
Where to buy TSLL from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 Sharesies Sharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Hatch Hatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 Stake Stake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive Brokers Interactive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger Brokers Tiger Brokers | US$1.99 per US trade | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Jarden Direct Jarden Direct | NZ$29.90 per NZX trade | ~0.40% | NZ$0 | Larger NZX trades and global market access through one NZ broker |
 ASB Securities ASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is TSLL taxed for NZ investors?
TSLL is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000 (source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to TSLL
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| FNZ | NZ Top 50 (FNZ) Smartshares · NZX | 0.52% | 3.8% | Quarterly | PIE | TSLL vs FNZ |
| NZ20 | Kernel NZ 20 Kernel · NZX | 0.29% | 3.2% | Quarterly | PIE | TSLL vs NZ20 |
| TNZ | NZ Top 10 (TNZ) Smartshares · NZX | 0.60% | — | Quarterly | PIE | TSLL vs TNZ |
| MZY | NZ Mid Cap (MZY) Smartshares · NZX | 0.75% | — | Quarterly | PIE | TSLL vs MZY |
| KSC | Kernel NZ 20 (KSC) Kernel · NZX | 0.25% | — | Quarterly | PIE | TSLL vs KSC |
Distribution history
Last 12 distributions — TSLL
TSLL does not pay distributions. Returns are reflected in the unit price (accumulating). There is no distribution-payment history to display.
FAQ
Common questions about TSLL
What is the TSLL ETF? ⌄
TSLL is the Direxion Daily TSLA Bull 2X Shares — a leveraged ETF designed to deliver 2× the daily return of Tesla (TSLA) common stock. The 2× exposure resets every trading day at market close. TER is 0.95%. Single-stock leveraged ETFs are a relatively new product class (most launched 2022-2023). Direxion explicitly markets TSLL for "daily trading objectives".
Why is single-stock leverage especially risky? ⌄
Single-stock products inherit all the leverage decay of broader-index leveraged ETFs PLUS company-specific event risk: earnings surprises, regulatory action, key-personnel departures, product-launch failures. Tesla in particular has historical 1-day moves of ±15-20% on news; TSLL doubles those moves to ±30-40%. There is no diversification cushion. A single bad earnings report can produce drawdowns >50% in a few sessions, and decay then prevents recovery even if Tesla itself recovers.
Can NZ residents buy TSLL? ⌄
Yes. TSLL is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50,000 cost basis FIF rules apply. Single-stock leveraged ETFs interact particularly badly with the FDR floor — high volatility = large decay; FDR taxes 5% × opening MV regardless of actual return. Multi-month buy-and-hold positions are likely to be tax-heavy and decay-heavy simultaneously. See our risk explainer.
Why not just buy 2× as much TSLA stock directly? ⌄
That's actually a less-bad choice for buy-and-hold, because direct TSLA holds don't suffer daily-reset decay. The reason TSLL exists is for short-term tactical trading: it lets a trader take a 2× directional bet on Tesla's near-term move with smaller capital outlay than buying twice as much stock. For any holding period longer than a few days, the leveraged ETF underperforms the equivalent unleveraged 2× TSLA position.
Where to buy TSLL from New Zealand
The platforms below all support TSLL. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch 
Sharesies 
Interactive Brokers 
Stake 
Tiger Brokers Fees + platform details verified against each provider's published rate card. Always check the current schedule before transacting. Full platform comparison →
Sources for this TSLL data
Every TER, yield, and holdings figure on this page traces to one of the documents below. We do not pull live prices; the data is reviewed monthly against issuer fact sheets and exchange listings (last reviewed 2026-05-04).
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Related ETFs and resources
Leveraged ETFs — risk explainer (READ FIRST)
Why TSLL / TQQQ / SOXL are not buy-and-hold instruments.
TQQQ — 3× Nasdaq-100
Diversified-index leveraged ETF (less single-stock event risk).
SOXL — 3× semiconductor
Sector-leveraged alternative if you want tech exposure with sector diversification.
QQQM — unleveraged Nasdaq-100
Tesla is in the Nasdaq-100; QQQM gives unleveraged tech exposure including TSLA.
FIF tax explained
How FIF interacts with high-volatility leveraged ETFs.
