TSL vs. QQQ
Compare and contrast key facts about GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Invesco QQQ (QQQ).
TSL and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSL or QQQ.
Correlation
The correlation between TSL and QQQ is 0.58, 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. QQQ - Performance Comparison
Key characteristics
TSL:
1.41
QQQ:
1.53
TSL:
2.21
QQQ:
2.07
TSL:
1.26
QQQ:
1.27
TSL:
1.64
QQQ:
2.05
TSL:
6.00
QQQ:
7.16
TSL:
18.91%
QQQ:
3.89%
TSL:
80.76%
QQQ:
18.14%
TSL:
-74.52%
QQQ:
-82.98%
TSL:
-15.03%
QQQ:
-2.33%
Returns By Period
In the year-to-date period, TSL achieves a 6.09% return, which is significantly higher than QQQ's 2.65% return.
TSL
6.09%
0.37%
87.57%
117.84%
N/A
N/A
QQQ
2.65%
1.35%
9.52%
25.18%
19.35%
18.53%
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TSL vs. QQQ - Expense Ratio Comparison
TSL has a 1.15% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
TSL vs. QQQ — Risk-Adjusted Performance Rank
TSL
QQQ
TSL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
TSL has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.54%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSL 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% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
TSL vs. QQQ - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TSL and QQQ. For additional features, visit the drawdowns tool.
Volatility
TSL vs. QQQ - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 25.59% compared to Invesco QQQ (QQQ) at 6.48%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.