RVNL vs. TSYY

Last updated Jul 12, 2026

RVNL (GraniteShares 2x Long RIVN Daily ETF) and TSYY (GraniteShares YieldBOOST TSLA ETF) are both exchange-traded funds - RVNL is a Leveraged Equities fund actively managed by GraniteShares, while TSYY is a Derivative Income fund actively managed by GraniteShares. Both are actively managed. Over the past year, RVNL returned -2.20% vs -7.76% for TSYY. At a 0.36 correlation, their price movements are largely independent. Both charge a 1.15% expense ratio.

Performance

RVNL vs. TSYY - Performance Comparison

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

Returns By Period

In the year-to-date period, RVNL achieves a -44.58% return, which is significantly lower than TSYY's -15.69% return.

RVNL

• 1D: -6.91%
• 1M: 13.94%
• 6M: -41.25%
• YTD: -44.58%
• 1Y: -2.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSYY

• 1D: 0.27%
• 1M: 1.27%
• 6M: -14.52%
• YTD: -15.69%
• 1Y: -7.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RVNL vs. TSYY - Yearly Performance Comparison

	2026 (YTD)	2025
RVNL GraniteShares 2x Long RIVN Daily ETF	-44.58%	109.17%
TSYY GraniteShares YieldBOOST TSLA ETF	-15.69%	29.79%

Correlation

The correlation between RVNL and TSYY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Apr 22, 2025	0.36

Return for Risk

RVNL vs. TSYY — Risk / Return Rank

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

RVNL

RVNL Risk / Return Rank: 14
RVNL Sharpe Ratio Rank: 9
RVNL Sortino Ratio Rank: 22
RVNL Omega Ratio Rank: 21
RVNL Calmar Ratio Rank: 8
RVNL Martin Ratio Rank: 8

TSYY

TSYY Risk / Return Rank: 7
TSYY Sharpe Ratio Rank: 7
TSYY Sortino Ratio Rank: 7
TSYY Omega Ratio Rank: 7
TSYY Calmar Ratio Rank: 7
TSYY Martin Ratio Rank: 8

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.

RVNL vs. TSYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RIVN Daily ETF (RVNL) and GraniteShares YieldBOOST TSLA ETF (TSYY). 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.

	RVNL	TSYY	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	-0.21	+0.15
Sortino ratio: Return per unit of downside risk	1.01	-0.08	+1.09
Omega ratio: Gain probability vs. loss probability	1.12	0.99	+0.13
Calmar ratio: Return relative to maximum drawdown	-0.10	-0.22	+0.12
Martin ratio: Return relative to average drawdown	-0.17	-0.37	+0.20

RVNL vs. TSYY - Sharpe Ratio Comparison

The current RVNL Sharpe Ratio is -0.05, which is higher than the TSYY Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of RVNL and TSYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RVNL vs. TSYY - Drawdown Comparison

The maximum RVNL drawdown since its inception was -72.92%, which is greater than TSYY's maximum drawdown of -41.52%. Use the drawdown chart below to compare losses from any high point for RVNL and TSYY.

Drawdown Indicators

	RVNL	TSYY	Difference
Max Drawdown Largest peak-to-trough decline	-72.92%	-41.52%	-31.40%
Max Drawdown (1Y) Largest decline over 1 year	-72.92%	-28.39%	-44.53%
Current Drawdown Current decline from peak	-57.50%	-36.00%	-21.50%
Average Drawdown Average peak-to-trough decline	-41.52%	-26.55%	-14.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.45%	16.55%	+26.90%

Volatility

RVNL vs. TSYY - Volatility Comparison

GraniteShares 2x Long RIVN Daily ETF (RVNL) has a higher volatility of 66.41% compared to GraniteShares YieldBOOST TSLA ETF (TSYY) at 6.61%. This indicates that RVNL's price experiences larger fluctuations and is considered to be riskier than TSYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RVNL	TSYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.41%	6.61%	+59.80%
Volatility (6M) Calculated over the trailing 6-month period	105.15%	18.17%	+86.98%
Volatility (1Y) Calculated over the trailing 1-year period	140.21%	30.50%	+109.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	132.36%	36.84%	+95.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	132.36%	36.84%	+95.52%

RVNL vs. TSYY - Expense Ratio Comparison

Both RVNL and TSYY have an expense ratio of 1.15%.

Dividends

RVNL vs. TSYY - Dividend Comparison

RVNL has not paid dividends to shareholders, while TSYY's dividend yield for the trailing twelve months is around 250.83%.

Position	TTM	2025	2024
RVNL GraniteShares 2x Long RIVN Daily ETF	0.00%	0.00%	0.00%
TSYY GraniteShares YieldBOOST TSLA ETF	242.33%	256.64%	0.19%

Frequently Asked Questions

Can I hold both RVNL and TSYY in my portfolio?

RVNL and TSYY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVNL or TSYY?

RVNL has higher volatility (66.41%) compared to TSYY (6.61%). In terms of maximum drawdown, RVNL dropped -72.92% vs TSYY's -41.52%.

Which ETF is better, RVNL or TSYY?

On 1-year performance, RVNL leads with -2.20% vs -7.76% for TSYY. Both ETFs have the same 1.15% expense ratio. On volatility, TSYY has been the lower-risk option at 6.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RVNL or TSYY?

Over the 1-year period, RVNL has performed better with a -2.20% return vs -7.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RVNL or TSYY?

RVNL and TSYY have the same expense ratio: 1.15% per year.

Which ETF pays a higher dividend yield, RVNL or TSYY?

TSYY has the higher dividend yield at 242.33%, compared with 0.00% for RVNL.

What is the main difference between RVNL and TSYY?

RVNL is categorized as Leveraged Equities, while TSYY is Derivative Income.

Which has better risk-adjusted returns?

RVNL currently has the higher Sharpe Ratio (-0.05 vs -0.21), 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.