TSL vs. SKRE
TSL (GraniteShares 1.25x Long Tsla Daily ETF) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - TSL is a Leveraged Equities fund actively managed by GraniteShares, while SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry. TSL is actively managed, while SKRE is passively managed. Over the past year, TSL returned 0.94% vs -50.55% for SKRE. Their -0.29 correlation means they have often moved in opposite directions in the past. TSL charges 1.15%/yr vs 0.75%/yr for SKRE.
Performance
TSL vs. SKRE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TSL having a -36.68% return and SKRE slightly higher at -35.15%.
TSL
- 1D
- 4.19%
- 1M
- -22.91%
- 6M
- -31.12%
- YTD
- -36.68%
- 1Y
- 0.94%
- 3Y*
- 0.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -7.13%
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.93K | $143.27K | $245.32K | |
| $7.63M | $7.71M | $12.52M |
TSL vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | -36.68% | 3.49% | 72.75% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -31.29% | -44.47% |
Correlation
The correlation between TSL and SKRE is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.29 |
The correlation between TSL and SKRE shifts across timeframes, from -0.29 (all time) to -0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSL vs. SKRE — Risk / Return Rank
TSL
SKRE
TSL vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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 | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.80 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.99 | +1.00 |
| Martin ratioReturn relative to average drawdown | 0.05 | -1.65 | +1.69 |
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Drawdowns
TSL vs. SKRE - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, smaller than the maximum SKRE drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for TSL and SKRE.
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Drawdown Indicators
| TSL | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.52% | -79.33% | +4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -51.44% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -63.30% | — | — |
Current DrawdownCurrent decline from peak | -47.52% | -78.96% | +31.44% |
Average DrawdownAverage peak-to-trough decline | -38.51% | -49.09% | +10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.82% | 30.75% | -10.93% |
Volatility
TSL vs. SKRE - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 25.38% compared to Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) at 10.82%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSL | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.38% | 10.82% | +14.56% |
Volatility (6M)Calculated over the trailing 6-month period | 43.47% | 30.42% | +13.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.91% | 45.86% | +12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.44% | 54.75% | +18.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.44% | 54.75% | +18.69% |
TSL vs. SKRE - Expense Ratio Comparison
TSL has a 1.15% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
TSL vs. SKRE - Dividend Comparison
TSL has not paid dividends to shareholders, while SKRE's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% | 0.00% |
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 0.00% | 60.47% |
Frequently Asked Questions
TSL and SKRE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSL has higher volatility (25.38%) compared to SKRE (10.82%). In terms of maximum drawdown, TSL dropped -74.52% vs SKRE's -79.33%.
On 1-year performance, TSL leads with 0.94% vs -50.55% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 10.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSL has performed better with a 0.94% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKRE is cheaper with a 0.75% expense ratio, compared with 1.15% for TSL.
SKRE has the higher dividend yield at 0.39%, compared with 0.00% for TSL.
TSL is categorized as Leveraged Equities, while SKRE is Inverse Equities. They also come from different issuers: GraniteShares and Tuttle. Their fees differ too: 1.15% for TSL and 0.75% for SKRE.
TSL currently has the higher Sharpe Ratio (0.02 vs -1.11), 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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