ISUL vs. TSLR

Last updated Jun 5, 2026

ISUL (GraniteShares 2X Long ISRG Daily ETF) and TSLR (GraniteShares 2x Long TSLA Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

ISUL vs. TSLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2X Long ISRG Daily ETF (ISUL) and GraniteShares 2x Long TSLA Daily ETF (TSLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISUL achieves a -49.45% return, which is significantly lower than TSLR's -22.05% return.

ISUL

• 1D: 5.64%
• 1M: -15.91%
• YTD: -49.45%
• 6M: -50.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLR

• 1D: -2.50%
• 1M: 12.84%
• YTD: -22.05%
• 6M: -25.02%
• 1Y: 14.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISUL vs. TSLR - Yearly Performance Comparison

	2026 (YTD)	2025
ISUL GraniteShares 2X Long ISRG Daily ETF	-49.45%	56.51%
TSLR GraniteShares 2x Long TSLA Daily ETF	-22.05%	0.28%

Correlation

The correlation between ISUL and TSLR is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.34

Return for Risk

ISUL vs. TSLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLR

TSLR Risk / Return Rank: 14
TSLR Sharpe Ratio Rank: 11
TSLR Sortino Ratio Rank: 18
TSLR Omega Ratio Rank: 18
TSLR Calmar Ratio Rank: 12
TSLR Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISUL vs. TSLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long ISRG Daily ETF (ISUL) and GraniteShares 2x Long TSLA Daily ETF (TSLR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ISUL	TSLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.01	-0.45

Drawdowns

ISUL vs. TSLR - Drawdown Comparison

The maximum ISUL drawdown since its inception was -57.20%, smaller than the maximum TSLR drawdown of -82.80%. Use the drawdown chart below to compare losses from any high point for ISUL and TSLR.

Drawdown Indicators

	ISUL	TSLR	Difference
Max Drawdown Largest peak-to-trough decline	-57.20%	-82.80%	+25.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.37%	—
Current Drawdown Current decline from peak	-53.68%	-60.11%	+6.43%
Average Drawdown Average peak-to-trough decline	-24.28%	-50.26%	+25.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.09%	—

Volatility

Volatility by Period

	ISUL	TSLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	24.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	66.82%	92.79%	-25.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.82%	115.47%	-48.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.82%	115.47%	-48.65%

ISUL vs. TSLR - Expense Ratio Comparison

Both ISUL and TSLR have an expense ratio of 1.50%.

Dividends

ISUL vs. TSLR - Dividend Comparison

Neither ISUL nor TSLR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ISUL and TSLR in my portfolio?

ISUL and TSLR have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISUL or TSLR?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISUL or TSLR?

ISUL and TSLR have the same expense ratio: 1.50% per year.

Which ETF pays a higher dividend yield, ISUL or TSLR?

ISUL and TSLR have nearly identical dividend yields, around 0.00%.