TSL vs. TSLA
TSL (GraniteShares 1.25x Long Tsla Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while TSLA (Tesla, Inc.) is a stock. Over the past 3 years, TSL returned 20.28%/yr vs 25.57%/yr for TSLA. With a 1.00 correlation, they move nearly in lockstep.
Performance
TSL vs. TSLA - 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 TSLA's -5.79% return.
TSL
- 1D
- -0.11%
- 1M
- 9.37%
- YTD
- -9.40%
- 6M
- -9.11%
- 1Y
- 20.41%
- 3Y*
- 20.28%
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- -0.01%
- 1M
- 7.95%
- YTD
- -5.79%
- 6M
- -5.16%
- 1Y
- 23.07%
- 3Y*
- 25.57%
- 5Y*
- 16.24%
- 10Y*
- 40.05%
TSL vs. TSLA - 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% |
TSLA Tesla, Inc. | -5.79% | 11.36% | 62.52% | 101.72% | -56.52% |
Correlation
The correlation between TSL and TSLA is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | 1.00 |
The correlation between TSL and TSLA has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
TSL vs. TSLA — Risk / Return Rank
TSL
TSLA
TSL vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Tesla, Inc. (TSLA). 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 | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.77 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.26 | 1.81 | -0.56 |
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 | TSLA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.50 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.73 | -0.70 |
Drawdowns
TSL vs. TSLA - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, roughly equal to the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSL and TSLA.
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Drawdown Indicators
| TSL | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.52% | -73.63% | -0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -36.98% | -29.93% | -7.05% |
Max Drawdown (3Y)Largest decline over 3 years | -63.30% | -53.77% | -9.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -24.91% | -13.51% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -38.71% | -22.73% | -15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.38% | 12.84% | +3.54% |
Volatility
TSL vs. TSLA - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 15.25% compared to Tesla, Inc. (TSLA) at 12.12%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSL | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.25% | 12.12% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 34.12% | 27.28% | +6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.94% | 46.36% | +11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.18% | 58.85% | +14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.18% | 59.11% | +14.07% |
Dividends
TSL vs. TSLA - Dividend Comparison
Neither TSL nor TSLA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 0.00% | 60.47% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, TSL and TSLA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSL has higher volatility (15.25%) compared to TSLA (12.12%). In terms of maximum drawdown, TSL dropped -74.52% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.50 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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