TSL vs. NVDA

Last updated Aug 2, 2026

TSL (GraniteShares 1.25x Long Tsla Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, TSL returned -2.52%/yr vs 62.93%/yr for NVDA. Their 0.41 correlation means their historical movements had little consistent relationship.

Performance

TSL vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 1.25x Long Tsla Daily ETF (TSL) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSL achieves a -39.23% return, which is significantly lower than NVDA's 7.77% return.

TSL

• 1D: 1.55%
• 1M: -26.02%
• 6M: -35.54%
• YTD: -39.23%
• 1Y: -3.12%
• 3Y*: -2.52%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -8.10%

NVDA

• 1D: 2.93%
• 1M: 3.04%
• 6M: 5.16%
• YTD: 7.77%
• 1Y: 15.71%
• 3Y*: 62.93%
• 5Y*: 59.52%
• 10Y*: 64.62%
• ALL TIME*: 36.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVDA NVIDIA Corporation	$25.46B	$26.13B	$31.85B
TSL GraniteShares 1.25x Long Tsla Daily ETF	$7.38M	$7.88M	$12.96M

TSL vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TSL GraniteShares 1.25x Long Tsla Daily ETF	-39.23%	3.49%	64.12%	113.79%	-67.61%
NVDA NVIDIA Corporation	7.77%	38.92%	171.25%	239.02%	-17.82%

Correlation

The correlation between TSL and NVDA is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.36
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.41

Return for Risk

TSL vs. NVDA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSL

TSL Risk / Return Rank: 11
TSL Sharpe Ratio Rank: 9
TSL Sortino Ratio Rank: 13
TSL Omega Ratio Rank: 13
TSL Calmar Ratio Rank: 9
TSL Martin Ratio Rank: 9

NVDA

NVDA Risk / Return Rank: 56
NVDA Sharpe Ratio Rank: 58
NVDA Sortino Ratio Rank: 53
NVDA Omega Ratio Rank: 51
NVDA Calmar Ratio Rank: 60
NVDA Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSL vs. NVDA - Risk-Adjusted Trends 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.

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.

	TSL	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	0.36	-0.45
Sortino ratio: Return per unit of downside risk	0.28	0.76	-0.48
Omega ratio: Gain probability vs. loss probability	1.03	1.09	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.11	0.65	-0.75
Martin ratio: Return relative to average drawdown	-0.27	1.32	-1.58

TSL vs. NVDA - Sharpe Ratio Comparison

The current TSL Sharpe Ratio is -0.09, which is lower than the NVDA Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of TSL and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSL vs. NVDA - Drawdown Comparison

The maximum TSL drawdown since its inception was -74.52%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for TSL and NVDA.

Drawdown Indicators

	TSL	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-74.52%	-89.72%	+15.20%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-20.21%	-28.17%
Max Drawdown (3Y) Largest decline over 3 years	-63.30%	-36.88%	-26.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-49.63%	-14.74%	-34.89%
Average Drawdown Average peak-to-trough decline	-38.51%	-36.07%	-2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.64%	9.90%	+9.74%

Volatility

TSL vs. NVDA - Volatility Comparison

GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 26.08% compared to NVIDIA Corporation (NVDA) at 12.04%. 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.

Volatility by Period

	TSL	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.08%	12.04%	+14.04%
Volatility (6M) Calculated over the trailing 6-month period	43.45%	28.30%	+15.15%
Volatility (1Y) Calculated over the trailing 1-year period	57.86%	36.41%	+21.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.45%	51.87%	+21.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.45%	49.95%	+23.50%

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 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
TSL GraniteShares 1.25x Long Tsla Daily ETF	0.00%	0.00%	0.00%	60.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSL and NVDA in my portfolio?

TSL and NVDA have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSL or NVDA?

TSL has higher volatility (26.08%) compared to NVDA (12.04%). In terms of maximum drawdown, TSL dropped -74.52% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (0.36 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.