TSL vs. TSLL
Compare and contrast key facts about GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).
TSL and TSLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSL is an actively managed fund by GraniteShares. It was launched on Aug 8, 2022. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSL or TSLL.
Correlation
The correlation between TSL and TSLL 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. TSLL - Performance Comparison
Key characteristics
TSL:
1.41
TSLL:
1.38
TSL:
2.21
TSLL:
2.38
TSL:
1.26
TSLL:
1.28
TSL:
1.64
TSLL:
2.18
TSL:
6.00
TSLL:
6.27
TSL:
18.91%
TSLL:
27.67%
TSL:
80.76%
TSLL:
125.95%
TSL:
-74.52%
TSLL:
-81.21%
TSL:
-15.03%
TSLL:
-26.00%
Returns By Period
In the year-to-date period, TSL achieves a 6.09% return, which is significantly lower than TSLL's 7.26% return.
TSL
6.09%
0.37%
87.57%
117.84%
N/A
N/A
TSLL
7.26%
-2.67%
119.98%
180.06%
N/A
N/A
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TSL vs. TSLL - Expense Ratio Comparison
TSL has a 1.15% expense ratio, which is higher than TSLL's 1.08% expense ratio.
Risk-Adjusted Performance
TSL vs. TSLL — Risk-Adjusted Performance Rank
TSL
TSLL
TSL vs. TSLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). 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. TSLL - Dividend Comparison
TSL has not paid dividends to shareholders, while TSLL's dividend yield for the trailing twelve months is around 2.31%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 60.47% | 0.00% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | 2.31% | 2.47% | 4.43% | 1.58% |
Drawdowns
TSL vs. TSLL - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, smaller than the maximum TSLL drawdown of -81.21%. Use the drawdown chart below to compare losses from any high point for TSL and TSLL. For additional features, visit the drawdowns tool.
Volatility
TSL vs. TSLL - Volatility Comparison
The current volatility for GraniteShares 1.25x Long Tsla Daily ETF (TSL) is 25.59%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 40.38%. This indicates that TSL experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.