TSL vs. SGOV
TSL (GraniteShares 1.25x Long Tsla Daily ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - TSL is a Leveraged Equities fund actively managed by GraniteShares, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. TSL is actively managed, while SGOV is passively managed. Over the past 3 years, TSL returned 20.28%/yr vs 4.72%/yr for SGOV. At a correlation of -0.03, they often move in opposite directions. TSL charges 1.15%/yr vs 0.09%/yr for SGOV.
Performance
TSL vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, TSL achieves a -9.40% return, which is significantly lower than SGOV's 1.51% return.
TSL
- 1D
- -0.11%
- 1M
- 9.37%
- YTD
- -9.40%
- 6M
- -9.11%
- 1Y
- 20.41%
- 3Y*
- 20.28%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
TSL vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | -9.40% | 3.49% | 64.12% | 113.79% | -66.58% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 5.27% | 5.12% | 1.24% |
Correlation
The correlation between TSL and SGOV is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | -0.03 |
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Return for Risk
TSL vs. SGOV — Risk / Return Rank
TSL
SGOV
TSL vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.92 | ||
| Sortino ratioReturn per unit of downside risk | -274.82 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 195.55 | -194.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 398.20 | -397.64 |
| Martin ratioReturn relative to average drawdown | 1.26 | 4,462.00 | -4,460.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSL | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 20.28 | -19.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 12.48 | -12.45 |
Drawdowns
TSL vs. SGOV - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TSL and SGOV.
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Drawdown Indicators
| TSL | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.52% | -0.03% | -74.49% |
Max Drawdown (1Y)Largest decline over 1 year | -36.98% | -0.01% | -36.97% |
Max Drawdown (3Y)Largest decline over 3 years | -63.30% | -0.01% | -63.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -24.91% | 0.00% | -24.91% |
Average DrawdownAverage peak-to-trough decline | -38.71% | -0.00% | -38.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.38% | 0.00% | +16.38% |
Volatility
TSL vs. SGOV - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 15.25% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSL | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.25% | 0.05% | +15.20% |
Volatility (6M)Calculated over the trailing 6-month period | 34.12% | 0.13% | +33.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.94% | 0.20% | +57.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.18% | 0.24% | +72.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.18% | 0.24% | +72.94% |
TSL vs. SGOV - Expense Ratio Comparison
TSL has a 1.15% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
TSL vs. SGOV - Dividend Comparison
TSL has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 0.00% | 60.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSL and SGOV have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSL has higher volatility (15.25%) compared to SGOV (0.05%). In terms of maximum drawdown, TSL dropped -74.52% vs SGOV's -0.03%.
On 3-year performance, TSL leads with 20.28% vs 4.72% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TSL has performed better with a 20.28% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 1.15% for TSL.
SGOV has the higher dividend yield at 3.86%, compared with 0.00% for TSL.
TSL is categorized as Leveraged Equities, while SGOV is Ultrashort Bond. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for TSL and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 0.35), 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.
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