TLA vs. EIPI
TLA (GraniteShares Autocallable TSLA ETF) and EIPI (FT Energy Income Partners Enhanced Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.20 correlation means they have often moved in opposite directions in the past. TLA charges 1.07%/yr vs 1.11%/yr for EIPI.
Performance
TLA vs. EIPI - Performance Comparison
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Returns By Period
TLA
- 1D
- 0.68%
- 1M
- -8.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EIPI
- 1D
- 0.63%
- 1M
- 2.76%
- 6M
- 10.54%
- YTD
- 17.27%
- 1Y
- 21.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.90M | $2.89M | $2.19M | |
| $81.43K | $70.64K | $69.71K |
TLA vs. EIPI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | -2.43% |
EIPI FT Energy Income Partners Enhanced Income ETF | 11.29% |
Correlation
The correlation between TLA and EIPI is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026 | -0.20 |
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Return for Risk
TLA vs. EIPI — Risk / Return Rank
TLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EIPI
TLA vs. EIPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) and FT Energy Income Partners Enhanced Income ETF (EIPI). 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.
| TLA | EIPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.40 | — |
| Martin ratioReturn relative to average drawdown | — | 12.73 | — |
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Drawdowns
TLA vs. EIPI - Drawdown Comparison
The maximum TLA drawdown since its inception was -11.80%, roughly equal to the maximum EIPI drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for TLA and EIPI.
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Drawdown Indicators
| TLA | EIPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.80% | -12.33% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.77% | — |
Current DrawdownCurrent decline from peak | -8.79% | -1.06% | -7.73% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -1.70% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.65% | — |
Volatility
TLA vs. EIPI - Volatility Comparison
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Volatility by Period
| TLA | EIPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 10.11% | +6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 13.01% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 13.01% | +3.62% |
TLA vs. EIPI - Expense Ratio Comparison
TLA has a 1.07% expense ratio, which is lower than EIPI's 1.11% expense ratio.
Dividends
TLA vs. EIPI - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 8.86%, more than EIPI's 6.70% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EIPI FT Energy Income Partners Enhanced Income ETF | 6.70% | 9.71% | 6.31% |
TLA GraniteShares Autocallable TSLA ETF | 8.86% | 0.00% | 0.00% |
Frequently Asked Questions
TLA and EIPI have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLA is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLA is cheaper with a 1.07% expense ratio, compared with 1.11% for EIPI.
TLA has the higher dividend yield at 8.86%, compared with 6.70% for EIPI.
They also come from different issuers: GraniteShares and First Trust. Their fees differ too: 1.07% for TLA and 1.11% for EIPI.
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