A side-by-side comparison of Defiance Daily Target 2X Long SOFI ETF (SOFX) and Daily TSLA Bull 2X ETF (TSLL) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | SOFX | TSLL |
|---|---|---|
| YTD Return | -29.18% | -19.57%✓ |
| 1-Day Change | -1.98% | +0.98%✓ |
| 1-Week Change | -2.53% | +15.58%✓ |
| 1-Month Change | -27.22% | +12.68%✓ |
| Current Price | $6.94 | $10.31 |
| AUM | $55M | $4.09B✓ |
| MER (Expense Ratio) | 129% | 0.96%✓ |
| Dividend Yield | 51.92%✓ | 4.04% |
| Distribution Frequency | — | — |
| Inception Date | 2025-01-15 | 2022-08-08 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Trading--Leveraged Equity | Trading--Leveraged Equity |
| Beta | 0.00 | 3.68 |
| 52-Week High | $49.53 | $23.10 |
| 52-Week Low | $6.75 | $6.65 |
| 50-Day MA | $8.89 | $8.98 |
| 200-Day MA | $13.32 | $13.22 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | SOFX | TSLL |
|---|---|---|
| YTD | -29.18% | -19.57%✓ |
| 1 Year | -79.26% | -48.67%✓ |
| 3 Year | — | -10.15% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 71.10% | 75.85% |
| Sharpe Ratio (3Y) | — | 0.31 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | FGXXX | First American Funds Inc. - Government Obligations Fund | 12.39% |
| 1 | TSLA | Tesla Inc | 5.40% |
Sector Weights
| Sector | SOFX | TSLL |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 100.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About SOFX
The fund is an actively managed exchange traded fund ("ETF") that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.
About TSLL
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. The fund is non-diversified.
Which ETF is Right for You?
Both SOFX and TSLL are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, TSLL scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between SOFX and TSLL?
SOFX (Defiance Daily Target 2X Long SOFI ETF) and TSLL (Daily TSLA Bull 2X ETF) are both Canadian-listed ETFs. Key differences include their AUM ($55M vs $4.09B), dividend yield (51.92% vs 4.04%), and year-to-date performance (-29.18% vs -19.57%).
Is SOFX better than TSLL?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy SOFX and TSLL on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both SOFX and TSLL should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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