TSL vs. TSYY

Last updated Aug 4, 2026

TSL (GraniteShares 1.25x Long Tsla Daily ETF) and TSYY (GraniteShares YieldBOOST TSLA ETF) are both exchange-traded funds - TSL is a Leveraged Equities fund actively managed by GraniteShares, while TSYY is a Derivative Income fund actively managed by GraniteShares. Both are actively managed. Over the past year, TSL returned 0.94% vs -9.44% for TSYY. Their correlation of 0.88 means they have usually moved in the same direction. Both charge a 1.15% expense ratio.

Performance

TSL vs. TSYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 1.25x Long Tsla Daily ETF (TSL) and GraniteShares YieldBOOST TSLA ETF (TSYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSL achieves a -36.68% return, which is significantly lower than TSYY's -22.62% return.

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%

TSYY

• 1D: 0.52%
• 1M: -6.51%
• 6M: -20.06%
• YTD: -22.62%
• 1Y: -9.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -24.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSL GraniteShares 1.25x Long Tsla Daily ETF	$7.63M	$7.71M	$12.52M
TSYY GraniteShares YieldBOOST TSLA ETF	$736.13K	$726.34K	$1.76M

TSL vs. TSYY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSL GraniteShares 1.25x Long Tsla Daily ETF	-36.68%	3.49%	-19.90%
TSYY GraniteShares YieldBOOST TSLA ETF	-22.62%	-15.96%	-3.30%

Correlation

The correlation between TSL and TSYY is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.88

The correlation between TSL and TSYY has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

TSL vs. TSYY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSL

TSL Risk / Return Rank: 13
TSL Sharpe Ratio Rank: 11
TSL Sortino Ratio Rank: 15
TSL Omega Ratio Rank: 15
TSL Calmar Ratio Rank: 11
TSL Martin Ratio Rank: 11

TSYY

TSYY Risk / Return Rank: 7
TSYY Sharpe Ratio Rank: 7
TSYY Sortino Ratio Rank: 7
TSYY Omega Ratio Rank: 7
TSYY Calmar Ratio Rank: 7
TSYY Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSL vs. TSYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and GraniteShares YieldBOOST TSLA ETF (TSYY). 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	TSYY	Difference
Sharpe ratio: Return per unit of total volatility	0.02	-0.32	+0.34
Sortino ratio: Return per unit of downside risk	0.43	-0.25	+0.68
Omega ratio: Gain probability vs. loss probability	1.05	0.97	+0.08
Calmar ratio: Return relative to maximum drawdown	0.02	-0.29	+0.31
Martin ratio: Return relative to average drawdown	0.05	-0.52	+0.57

TSL vs. TSYY - Sharpe Ratio Comparison

The current TSL Sharpe Ratio is 0.02, which is higher than the TSYY Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of TSL and TSYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSL vs. TSYY - Drawdown Comparison

The maximum TSL drawdown since its inception was -74.52%, which is greater than TSYY's maximum drawdown of -42.66%. Use the drawdown chart below to compare losses from any high point for TSL and TSYY.

Drawdown Indicators

	TSL	TSYY	Difference
Max Drawdown Largest peak-to-trough decline	-74.52%	-42.66%	-31.86%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-33.02%	-15.36%
Max Drawdown (3Y) Largest decline over 3 years	-63.30%	—	—
Current Drawdown Current decline from peak	-47.52%	-41.27%	-6.25%
Average Drawdown Average peak-to-trough decline	-38.51%	-27.09%	-11.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.82%	18.15%	+1.67%

Volatility

TSL vs. TSYY - Volatility Comparison

GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 25.38% compared to GraniteShares YieldBOOST TSLA ETF (TSYY) at 6.67%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than TSYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSL	TSYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.38%	6.67%	+18.71%
Volatility (6M) Calculated over the trailing 6-month period	43.47%	16.65%	+26.82%
Volatility (1Y) Calculated over the trailing 1-year period	57.91%	29.33%	+28.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.44%	36.37%	+37.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.44%	36.37%	+37.07%

TSL vs. TSYY - Expense Ratio Comparison

Both TSL and TSYY have an expense ratio of 1.15%.

Dividends

TSL vs. TSYY - Dividend Comparison

TSL has not paid dividends to shareholders, while TSYY's dividend yield for the trailing twelve months is around 245.52%.

Position	TTM	2025	2024	2023
TSL GraniteShares 1.25x Long Tsla Daily ETF	0.00%	0.00%	0.00%	60.47%
TSYY GraniteShares YieldBOOST TSLA ETF	245.52%	256.64%	0.19%	0.00%

Frequently Asked Questions

Can I hold both TSL and TSYY in my portfolio?

With a correlation of 0.90, TSL and TSYY 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.

Which is riskier, TSL or TSYY?

TSL has higher volatility (25.38%) compared to TSYY (6.67%). In terms of maximum drawdown, TSL dropped -74.52% vs TSYY's -42.66%.

Which ETF is better, TSL or TSYY?

On 1-year performance, TSL leads with 0.94% vs -9.44% for TSYY. Both ETFs have the same 1.15% expense ratio. On volatility, TSYY has been the lower-risk option at 6.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSL or TSYY?

Over the 1-year period, TSL has performed better with a 0.94% return vs -9.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSL or TSYY?

TSL and TSYY have the same expense ratio: 1.15% per year.

Which ETF pays a higher dividend yield, TSL or TSYY?

TSYY has the higher dividend yield at 245.52%, compared with 0.00% for TSL.

What is the main difference between TSL and TSYY?

TSL is categorized as Leveraged Equities, while TSYY is Derivative Income.

Which has better risk-adjusted returns?

TSL currently has the higher Sharpe Ratio (0.02 vs -0.32), 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.