NUG vs. TSLR
NUG (Leverage Shares 2X Long NU Daily ETF) and TSLR (GraniteShares 2x Long TSLA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. NUG charges 0.75%/yr vs 1.50%/yr for TSLR.
Performance
NUG vs. TSLR - Performance Comparison
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Returns By Period
In the year-to-date period, NUG achieves a -49.34% return, which is significantly lower than TSLR's -28.33% return.
NUG
- 1D
- 1.13%
- 1M
- -1.26%
- YTD
- -49.34%
- 6M
- -48.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLR
- 1D
- 2.32%
- 1M
- -11.83%
- YTD
- -28.33%
- 6M
- -39.59%
- 1Y
- 16.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUG vs. TSLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUG Leverage Shares 2X Long NU Daily ETF | -49.34% | 9.30% |
TSLR GraniteShares 2x Long TSLA Daily ETF | -28.33% | 19.93% |
Correlation
The correlation between NUG 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 Nov 17, 2025 | 0.27 |
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Return for Risk
NUG vs. TSLR — Risk / Return Rank
NUG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLR
NUG vs. TSLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NU Daily ETF (NUG) 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.
| NUG | TSLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.31 | — |
| Martin ratioReturn relative to average drawdown | — | 0.61 | — |
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Drawdowns
NUG vs. TSLR - Drawdown Comparison
The maximum NUG drawdown since its inception was -66.15%, smaller than the maximum TSLR drawdown of -82.80%. Use the drawdown chart below to compare losses from any high point for NUG and TSLR.
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Drawdown Indicators
| NUG | TSLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.15% | -82.80% | +16.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.37% | — |
Current DrawdownCurrent decline from peak | -59.01% | -63.32% | +4.31% |
Average DrawdownAverage peak-to-trough decline | -31.80% | -50.40% | +18.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.31% | — |
Volatility
NUG vs. TSLR - Volatility Comparison
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Volatility by Period
| NUG | TSLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.90% | 88.87% | -8.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.90% | 115.27% | -35.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.90% | 115.27% | -35.37% |
NUG vs. TSLR - Expense Ratio Comparison
NUG has a 0.75% expense ratio, which is lower than TSLR's 1.50% expense ratio.
Dividends
NUG vs. TSLR - Dividend Comparison
Neither NUG nor TSLR has paid dividends to shareholders.
Frequently Asked Questions
NUG 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, NUG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUG is cheaper with a 0.75% expense ratio, compared with 1.50% for TSLR.
NUG and TSLR have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for NUG and 1.50% for TSLR.
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