TLA vs. NVDL
TLA (GraniteShares Autocallable TSLA ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both exchange-traded funds - TLA is a Derivative Income fund actively managed by GraniteShares, while NVDL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. TLA charges 1.07%/yr vs 1.05%/yr for NVDL.
Performance
TLA vs. NVDL - Performance Comparison
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Returns By Period
TLA
- 1D
- 0.68%
- 1M
- -7.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NVDL
- 1D
- 5.83%
- 1M
- 4.25%
- 6M
- -3.44%
- YTD
- 0.28%
- 1Y
- 5.55%
- 3Y*
- 83.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 135.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $342.72M | $394.98M | $692.33M | |
| $81.43K | $70.64K | $69.71K |
TLA vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | -2.43% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.69% |
Correlation
The correlation between TLA and NVDL is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026 | 0.49 |
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Return for Risk
TLA vs. NVDL — Risk / Return Rank
TLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVDL
TLA vs. NVDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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 | NVDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.06 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.01 | — |
| Martin ratioReturn relative to average drawdown | — | 0.02 | — |
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Drawdowns
TLA vs. NVDL - Drawdown Comparison
The maximum TLA drawdown since its inception was -11.80%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for TLA and NVDL.
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Drawdown Indicators
| TLA | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.80% | -67.55% | +55.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.55% | — |
Current DrawdownCurrent decline from peak | -8.79% | -31.61% | +22.82% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -17.45% | +15.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.63% | — |
Volatility
TLA vs. NVDL - Volatility Comparison
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Volatility by Period
| TLA | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 72.50% | -55.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 90.02% | -73.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 90.02% | -73.39% |
TLA vs. NVDL - Expense Ratio Comparison
TLA has a 1.07% expense ratio, which is higher than NVDL's 1.05% expense ratio.
Dividends
TLA vs. NVDL - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 8.86%, while NVDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
TLA GraniteShares Autocallable TSLA ETF | 8.86% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLA and NVDL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDL is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDL is cheaper with a 1.05% expense ratio, compared with 1.07% for TLA.
TLA has the higher dividend yield at 8.86%, compared with 0.00% for NVDL.
TLA is categorized as Derivative Income, while NVDL is Leveraged Equities. Their fees differ too: 1.07% for TLA and 1.05% for NVDL.
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