TSL vs. VTSMX

Last updated Aug 4, 2026

TSL (GraniteShares 1.25x Long Tsla Daily ETF) and VTSMX (Vanguard Total Stock Market Index Fund Investor Shares) are both funds - TSL is a Leveraged Equities fund actively managed by GraniteShares, while VTSMX is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. TSL is actively managed, while VTSMX is passively managed. Over the past 3 years, TSL returned 0.02%/yr vs 18.58%/yr for VTSMX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. TSL charges 1.15%/yr vs 0.06%/yr for VTSMX.

Performance

TSL vs. VTSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Vanguard Total Stock Market Index Fund Investor Shares (VTSMX). 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 VTSMX's 10.48% 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%

VTSMX

• 1D: 0.57%
• 1M: -0.21%
• 6M: 8.16%
• YTD: 10.48%
• 1Y: 21.72%
• 3Y*: 18.58%
• 5Y*: 11.50%
• 10Y*: 14.44%
• ALL TIME*: 10.69%

*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
VTSMX Vanguard Total Stock Market Index Fund Investor Shares	$0.00	$0.00	$0.00

TSL vs. VTSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TSL GraniteShares 1.25x Long Tsla Daily ETF	-36.68%	3.49%	64.12%	113.79%	-67.61%
VTSMX Vanguard Total Stock Market Index Fund Investor Shares	10.48%	16.63%	22.76%	26.38%	-7.17%

Correlation

The correlation between TSL and VTSMX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.57

The correlation between TSL and VTSMX has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

TSL vs. VTSMX — 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

VTSMX

VTSMX Risk / Return Rank: 58
VTSMX Sharpe Ratio Rank: 54
VTSMX Sortino Ratio Rank: 51
VTSMX Omega Ratio Rank: 51
VTSMX Calmar Ratio Rank: 61
VTSMX Martin Ratio Rank: 75

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. VTSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Vanguard Total Stock Market Index Fund Investor Shares (VTSMX). 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	VTSMX	Difference
Sharpe ratio: Return per unit of total volatility	0.02	1.51	-1.49
Sortino ratio: Return per unit of downside risk	0.43	2.10	-1.67
Omega ratio: Gain probability vs. loss probability	1.05	1.27	-0.22
Calmar ratio: Return relative to maximum drawdown	0.02	2.22	-2.20
Martin ratio: Return relative to average drawdown	0.05	9.59	-9.54

TSL vs. VTSMX - Sharpe Ratio Comparison

The current TSL Sharpe Ratio is 0.02, which is lower than the VTSMX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of TSL and VTSMX, 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. VTSMX - Drawdown Comparison

The maximum TSL drawdown since its inception was -74.52%, which is greater than VTSMX's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for TSL and VTSMX.

Drawdown Indicators

	TSL	VTSMX	Difference
Max Drawdown Largest peak-to-trough decline	-74.52%	-55.38%	-19.14%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-8.93%	-39.45%
Max Drawdown (3Y) Largest decline over 3 years	-63.30%	-19.63%	-43.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-47.52%	-1.33%	-46.19%
Average Drawdown Average peak-to-trough decline	-38.51%	-8.86%	-29.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.82%	2.06%	+17.76%

Volatility

TSL vs. VTSMX - Volatility Comparison

GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 25.38% compared to Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) at 3.45%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than VTSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSL	VTSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.38%	3.45%	+21.93%
Volatility (6M) Calculated over the trailing 6-month period	43.47%	10.28%	+33.19%
Volatility (1Y) Calculated over the trailing 1-year period	57.91%	13.14%	+44.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.44%	17.46%	+55.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.44%	18.41%	+55.03%

TSL vs. VTSMX - Expense Ratio Comparison

TSL has a 1.15% expense ratio, which is higher than VTSMX's 0.06% expense ratio.

Dividends

TSL vs. VTSMX - Dividend Comparison

TSL has not paid dividends to shareholders, while VTSMX's dividend yield for the trailing twelve months is around 0.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSL GraniteShares 1.25x Long Tsla Daily ETF	0.00%	0.00%	0.00%	60.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTSMX Vanguard Total Stock Market Index Fund Investor Shares	0.99%	0.75%	0.89%	1.33%	1.54%	1.11%	1.33%	1.67%	1.92%	1.61%	1.83%	1.86%

Frequently Asked Questions

Can I hold both TSL and VTSMX in my portfolio?

TSL and VTSMX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSL or VTSMX?

TSL has higher volatility (25.38%) compared to VTSMX (3.45%). In terms of maximum drawdown, TSL dropped -74.52% vs VTSMX's -55.38%.

Which has better risk-adjusted returns?

VTSMX currently has the higher Sharpe Ratio (1.51 vs 0.02), 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.