TSL vs. TSLA
Compare and contrast key facts about GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Tesla, Inc. (TSLA).
TSL is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSL or TSLA.
Correlation
The correlation between TSL and TSLA is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSL vs. TSLA - Performance Comparison
Key characteristics
TSL:
1.00
TSLA:
1.16
TSL:
1.88
TSLA:
1.98
TSL:
1.22
TSLA:
1.23
TSL:
1.16
TSLA:
1.14
TSL:
4.39
TSLA:
5.25
TSL:
18.23%
TSLA:
14.17%
TSL:
80.22%
TSLA:
64.35%
TSL:
-74.52%
TSLA:
-73.63%
TSL:
-36.66%
TSLA:
-29.60%
Returns By Period
In the year-to-date period, TSL achieves a -20.92% return, which is significantly lower than TSLA's -16.35% return.
TSL
-20.92%
-23.38%
62.39%
75.99%
N/A
N/A
TSLA
-16.35%
-18.62%
53.32%
71.12%
41.37%
37.98%
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Risk-Adjusted Performance
TSL vs. TSLA — Risk-Adjusted Performance Rank
TSL
TSLA
TSL vs. TSLA - Risk-Adjusted Performance 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.
Dividends
TSL vs. TSLA - Dividend Comparison
Neither TSL nor TSLA has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 60.47% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
TSL vs. TSLA - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 17.20% compared to Tesla, Inc. (TSLA) at 13.77%. 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.