TSL vs. FNGU
Compare and contrast key facts about GraniteShares 1.25x Long Tsla Daily ETF (TSL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
TSL and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSL is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSL or FNGU.
Correlation
The correlation between TSL and FNGU is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSL vs. FNGU - Performance Comparison
Key characteristics
TSL:
1.41
FNGU:
2.17
TSL:
2.21
FNGU:
2.44
TSL:
1.26
FNGU:
1.32
TSL:
1.64
FNGU:
3.36
TSL:
6.00
FNGU:
9.16
TSL:
18.91%
FNGU:
17.73%
TSL:
80.76%
FNGU:
74.61%
TSL:
-74.52%
FNGU:
-92.34%
TSL:
-15.03%
FNGU:
-10.79%
Returns By Period
The year-to-date returns for both investments are quite close, with TSL having a 6.09% return and FNGU slightly higher at 6.24%.
TSL
6.09%
0.37%
87.57%
117.84%
N/A
N/A
FNGU
6.24%
0.82%
34.70%
144.43%
51.55%
N/A
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TSL vs. FNGU - Expense Ratio Comparison
TSL has a 1.15% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
TSL vs. FNGU — Risk-Adjusted Performance Rank
TSL
FNGU
TSL vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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.
Dividends
TSL vs. FNGU - Dividend Comparison
Neither TSL nor FNGU has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 60.47% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% |
Drawdowns
TSL vs. FNGU - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for TSL and FNGU. For additional features, visit the drawdowns tool.
Volatility
TSL vs. FNGU - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 25.59% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 24.03%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.