TSL vs. NTSD

Last updated Jun 4, 2026

TSL (GraniteShares 1.25x Long Tsla Daily ETF) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. TSL charges 1.15%/yr vs 0.35%/yr for NTSD.

Performance

TSL vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 1.25x Long Tsla Daily ETF (TSL) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSL

• 1D: -0.11%
• 1M: 9.37%
• YTD: -9.40%
• 6M: -9.11%
• 1Y: 20.41%
• 3Y*: 20.28%
• 5Y*: —
• 10Y*: —

NTSD

• 1D: -1.11%
• 1M: 7.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSL vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
TSL GraniteShares 1.25x Long Tsla Daily ETF	13.02%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	17.91%

Correlation

The correlation between TSL and NTSD is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.60

Return for Risk

TSL vs. NTSD — Risk / Return Rank

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

TSL

TSL Risk / Return Rank: 16
TSL Sharpe Ratio Rank: 14
TSL Sortino Ratio Rank: 17
TSL Omega Ratio Rank: 17
TSL Calmar Ratio Rank: 16
TSL Martin Ratio Rank: 15

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.

TSL vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.

	TSL	NTSD	Difference
Sharpe ratio: Return per unit of total volatility	0.35	—	—
Sortino ratio: Return per unit of downside risk	0.87	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.55	—	—
Martin ratio: Return relative to average drawdown	1.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TSL	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	5.08	-5.05

Drawdowns

TSL vs. NTSD - Drawdown Comparison

The maximum TSL drawdown since its inception was -74.52%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for TSL and NTSD.

Drawdown Indicators

	TSL	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-74.52%	-5.20%	-69.32%
Max Drawdown (1Y) Largest decline over 1 year	-36.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-63.30%	—	—
Current Drawdown Current decline from peak	-24.91%	-1.11%	-23.80%
Average Drawdown Average peak-to-trough decline	-38.71%	-0.84%	-37.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.38%	—	—

Volatility

Volatility by Period

	TSL	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.94%	24.28%	+33.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.18%	24.28%	+48.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.18%	24.28%	+48.90%

TSL vs. NTSD - Expense Ratio Comparison

TSL has a 1.15% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

TSL vs. NTSD - Dividend Comparison

Neither TSL nor NTSD has paid dividends to shareholders.

Position	TTM	2025	2024	2023
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.00%	0.00%	0.00%	0.00%
TSL GraniteShares 1.25x Long Tsla Daily ETF	0.00%	0.00%	0.00%	60.47%

Frequently Asked Questions

Can I hold both TSL and NTSD in my portfolio?

TSL and NTSD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSL or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSL or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 1.15% for TSL.

Which ETF pays a higher dividend yield, TSL or NTSD?

TSL and NTSD have nearly identical dividend yields, around 0.00%.

What is the main difference between TSL and NTSD?

They also come from different issuers: GraniteShares and WisdomTree. Their fees differ too: 1.15% for TSL and 0.35% for NTSD.