TSLR vs. TSLT
TSLR (GraniteShares 2x Long TSLA Daily ETF) and TSLT (T-Rex 2X Long Tesla Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, TSLR returned 8.94% vs 3.78% for TSLT. With a 1.00 correlation, they move nearly in lockstep. TSLR charges 1.50%/yr vs 1.05%/yr for TSLT.
Performance
TSLR vs. TSLT - Performance Comparison
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Returns By Period
In the year-to-date period, TSLR achieves a -20.05% return, which is significantly higher than TSLT's -21.79% return.
TSLR
- 1D
- -0.17%
- 1M
- 13.88%
- YTD
- -20.05%
- 6M
- -20.52%
- 1Y
- 8.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLT
- 1D
- -0.05%
- 1M
- 13.53%
- YTD
- -21.79%
- 6M
- -22.60%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLR vs. TSLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -20.05% | -25.97% | 67.57% | 18.34% |
TSLT T-Rex 2X Long Tesla Daily Target ETF | -21.79% | -29.49% | 54.17% | 20.11% |
Correlation
The correlation between TSLR and TSLT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023 | 1.00 |
The correlation between TSLR and TSLT has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
TSLR vs. TSLT - Sectors Allocation Comparison
Sectors
TSLR
TSLT
Consumer Cyclical
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Cyclical
TSLR
TSLT
Basic Materials
TSLR
-
TSLT
-
Communication Services
TSLR
-
TSLT
-
Consumer Defensive
TSLR
-
TSLT
-
Energy
TSLR
-
TSLT
-
Financial Services
TSLR
-
TSLT
-
Healthcare
TSLR
-
TSLT
-
Industrials
TSLR
-
TSLT
-
Real Estate
TSLR
-
TSLT
-
Technology
TSLR
-
TSLT
-
Utilities
TSLR
-
TSLT
-
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Return for Risk
TSLR vs. TSLT — Risk / Return Rank
TSLR
TSLT
TSLR vs. TSLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and T-Rex 2X Long Tesla Daily Target ETF (TSLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TSLR | TSLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.07 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.14 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLR | TSLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.04 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.01 | 0.00 |
Drawdowns
TSLR vs. TSLT - Drawdown Comparison
The maximum TSLR drawdown since its inception was -82.80%, roughly equal to the maximum TSLT drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for TSLR and TSLT.
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Drawdown Indicators
| TSLR | TSLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.80% | -83.16% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -55.08% | +0.71% |
Current DrawdownCurrent decline from peak | -59.09% | -62.01% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -50.24% | -50.23% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.45% | 27.07% | -0.62% |
Volatility
TSLR vs. TSLT - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) and T-Rex 2X Long Tesla Daily Target ETF (TSLT) have volatilities of 24.40% and 24.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLR | TSLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.40% | 24.38% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 54.65% | 54.35% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.75% | 92.40% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.54% | 117.05% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.54% | 117.05% | -1.51% |
TSLR vs. TSLT - Expense Ratio Comparison
TSLR has a 1.50% expense ratio, which is higher than TSLT's 1.05% expense ratio.
Dividends
TSLR vs. TSLT - Dividend Comparison
Neither TSLR nor TSLT has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, TSLR and TSLT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSLR has higher volatility (24.40%) compared to TSLT (24.38%). In terms of maximum drawdown, TSLR dropped -82.80% vs TSLT's -83.16%.
On 1-year performance, TSLR leads with 8.94% vs 3.78% for TSLT. On fees, TSLT is cheaper at 1.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLR has performed better with a 8.94% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLT is cheaper with a 1.05% expense ratio, compared with 1.50% for TSLR.
TSLR and TSLT have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and T-Rex. Their fees differ too: 1.50% for TSLR and 1.05% for TSLT.
TSLR currently has the higher Sharpe Ratio (0.10 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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