TSL vs. NVDA
Compare and contrast key facts about GraniteShares 1.25x Long Tsla Daily ETF (TSL) and NVIDIA Corporation (NVDA).
TSL is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSL or NVDA.
Correlation
The correlation between TSL and NVDA is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TSL vs. NVDA - Performance Comparison
Key characteristics
TSL:
1.41
NVDA:
2.77
TSL:
2.21
NVDA:
3.17
TSL:
1.26
NVDA:
1.39
TSL:
1.64
NVDA:
5.42
TSL:
6.00
NVDA:
16.33
TSL:
18.91%
NVDA:
8.98%
TSL:
80.76%
NVDA:
52.98%
TSL:
-74.52%
NVDA:
-89.73%
TSL:
-15.03%
NVDA:
-5.76%
Returns By Period
In the year-to-date period, TSL achieves a 6.09% return, which is significantly higher than NVDA's 4.87% return.
TSL
6.09%
0.37%
87.57%
117.84%
N/A
N/A
NVDA
4.87%
4.55%
14.90%
136.13%
86.64%
76.16%
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Risk-Adjusted Performance
TSL vs. NVDA — Risk-Adjusted Performance Rank
TSL
NVDA
TSL vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and NVIDIA Corporation (NVDA). 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. NVDA - Dividend Comparison
TSL has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 60.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVIDIA Corporation | 0.02% | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% |
Drawdowns
TSL vs. NVDA - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for TSL and NVDA. For additional features, visit the drawdowns tool.
Volatility
TSL vs. NVDA - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 25.59% compared to NVIDIA Corporation (NVDA) at 12.84%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.