NBIL vs. TSLR
NBIL (GraniteShares 2X Long NBIS Daily ETF) and TSLR (GraniteShares 2x Long TSLA Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. NBIL charges 1.50%/yr vs 0.95%/yr for TSLR.
Performance
NBIL vs. TSLR - Performance Comparison
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Returns By Period
In the year-to-date period, NBIL achieves a 272.68% return, which is significantly higher than TSLR's -29.70% return.
NBIL
- 1D
- 3.03%
- 1M
- -12.64%
- 6M
- 176.66%
- YTD
- 272.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLR
- 1D
- 0.54%
- 1M
- 0.58%
- 6M
- -27.74%
- YTD
- -29.70%
- 1Y
- 24.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBIL vs. TSLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBIL GraniteShares 2X Long NBIS Daily ETF | 272.68% | -65.28% |
TSLR GraniteShares 2x Long TSLA Daily ETF | -29.70% | -8.70% |
Correlation
The correlation between NBIL and TSLR is 0.27, 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 7, 2025 | 0.27 |
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Return for Risk
NBIL vs. TSLR — Risk / Return Rank
NBIL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLR
NBIL vs. TSLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long NBIS Daily ETF (NBIL) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NBIL | TSLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.50 | — |
| Martin ratioReturn relative to average drawdown | — | 0.97 | — |
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Drawdowns
NBIL vs. TSLR - Drawdown Comparison
The maximum NBIL drawdown since its inception was -77.87%, smaller than the maximum TSLR drawdown of -82.80%. Use the drawdown chart below to compare losses from any high point for NBIL and TSLR.
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Drawdown Indicators
| NBIL | TSLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.87% | -82.80% | +4.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.37% | — |
Current DrawdownCurrent decline from peak | -46.63% | -64.02% | +17.39% |
Average DrawdownAverage peak-to-trough decline | -42.31% | -50.66% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.04% | — |
Volatility
NBIL vs. TSLR - Volatility Comparison
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Volatility by Period
| NBIL | TSLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 35.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 62.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 201.96% | 90.00% | +111.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 201.96% | 115.76% | +86.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 201.96% | 115.76% | +86.20% |
NBIL vs. TSLR - Expense Ratio Comparison
NBIL has a 1.50% expense ratio, which is higher than TSLR's 0.95% expense ratio.
Dividends
NBIL vs. TSLR - Dividend Comparison
Neither NBIL nor TSLR has paid dividends to shareholders.
Frequently Asked Questions
NBIL and TSLR have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLR is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLR is cheaper with a 0.95% expense ratio, compared with 1.50% for NBIL.
NBIL and TSLR have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.50% for NBIL and 0.95% for TSLR.
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