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 -2.52%/yr vs 6.03%/yr for TSLA. Their 1.00 correlation means they have historically moved very closely together.
Performance
TSL vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSL achieves a -39.23% return, which is significantly lower than TSLA's -30.80% 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%
TSLA
- 1D
- 0.76%
- 1M
- -20.90%
- 6M
- -27.69%
- YTD
- -30.80%
- 1Y
- 2.84%
- 3Y*
- 6.03%
- 5Y*
- 6.32%
- 10Y*
- 35.29%
- ALL TIME*
- 40.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.38M | $7.88M | $12.96M | |
TSLA Tesla, Inc. | $15.40B | $15.32B | $18.68B |
TSL vs. TSLA - 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% |
TSLA Tesla, Inc. | -30.80% | 11.36% | 62.52% | 101.72% | -57.59% |
Correlation
The correlation between TSL and TSLA is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 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.
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 | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.02 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.27 | 0.06 | -0.33 |
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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 | -48.38% | -39.10% | -9.28% |
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 | -49.63% | -36.47% | -13.16% |
Average DrawdownAverage peak-to-trough decline | -38.51% | -22.72% | -15.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 15.31% | +4.33% |
Volatility
TSL vs. TSLA - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 26.08% compared to Tesla, Inc. (TSLA) at 20.43%. 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 | 26.08% | 20.43% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 43.45% | 34.55% | +8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.86% | 46.36% | +11.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.45% | 59.65% | +13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.45% | 59.43% | +14.02% |
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 (26.08%) compared to TSLA (20.43%). In terms of maximum drawdown, TSL dropped -74.52% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.02 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.
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