TSLR vs. DBE
TSLR (GraniteShares 2x Long TSLA Daily ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - TSLR is a Leveraged Equities fund actively managed by GraniteShares, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. TSLR is actively managed, while DBE is passively managed. Over the past year, TSLR returned 8.94% vs 84.41% for DBE. At a correlation of -0.00, they often move in opposite directions. TSLR charges 1.50%/yr vs 0.78%/yr for DBE.
Performance
TSLR vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, TSLR achieves a -20.05% return, which is significantly lower than DBE's 83.68% return.
TSLR
- 1D
- -0.17%
- 1M
- 13.88%
- YTD
- -20.05%
- 6M
- -20.52%
- 1Y
- 8.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
TSLR vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -20.05% | -25.97% | 67.57% | 1.69% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -10.43% |
Correlation
The correlation between TSLR and DBE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023 | -0.00 |
The correlation between TSLR and DBE shifts across timeframes, from -0.14 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSLR vs. DBE — Risk / Return Rank
TSLR
DBE
TSLR vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and Invesco DB Energy Fund (DBE). 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.
| TSLR | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 5.89 | -5.73 |
| Martin ratioReturn relative to average drawdown | 0.34 | 11.53 | -11.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLR | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 2.43 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.09 | -0.09 |
Drawdowns
TSLR vs. DBE - Drawdown Comparison
The maximum TSLR drawdown since its inception was -82.80%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for TSLR and DBE.
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Drawdown Indicators
| TSLR | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.80% | -86.69% | +3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -14.41% | -39.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -59.09% | -30.27% | -28.82% |
Average DrawdownAverage peak-to-trough decline | -50.24% | -57.31% | +7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.45% | 7.35% | +19.10% |
Volatility
TSLR vs. DBE - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 24.40% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that TSLR's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLR | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.40% | 12.95% | +11.45% |
Volatility (6M)Calculated over the trailing 6-month period | 54.65% | 30.86% | +23.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.75% | 34.97% | +57.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.54% | 29.39% | +86.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.54% | 28.33% | +87.21% |
TSLR vs. DBE - Expense Ratio Comparison
TSLR has a 1.50% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
TSLR vs. DBE - Dividend Comparison
TSLR has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLR and DBE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLR has higher volatility (24.40%) compared to DBE (12.95%). In terms of maximum drawdown, TSLR dropped -82.80% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs 8.94% for TSLR. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 12.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 84.41% return vs 8.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 1.50% for TSLR.
DBE has the higher dividend yield at 2.10%, compared with 0.00% for TSLR.
TSLR is categorized as Leveraged Equities, while DBE is Oil & Gas. They also come from different issuers: GraniteShares and Invesco. Their fees differ too: 1.50% for TSLR and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 0.10), 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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