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 -18.69% vs 61.44% for DBE. Their -0.02 correlation means they have often moved in opposite directions in the past. TSLR charges 0.95%/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 -58.03% return, which is significantly lower than DBE's 71.26% return.
TSLR
- 1D
- 7.01%
- 1M
- -36.27%
- 6M
- -51.23%
- YTD
- -58.03%
- 1Y
- -18.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -19.39%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $20.74M | $20.82M | $40.66M |
TSLR vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -58.03% | -25.97% | 67.57% | 1.69% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 2.96% | -10.44% |
Correlation
The correlation between TSLR and DBE is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.02 |
The correlation between TSLR and DBE shifts across timeframes, from -0.18 (1 year) to -0.02 (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.
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.
| TSLR | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.50 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.59 | 7.82 | -8.41 |
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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 | -69.80% | -24.72% | -45.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
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 | -78.52% | -34.98% | -43.54% |
Average DrawdownAverage peak-to-trough decline | -51.16% | -57.13% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.54% | 7.90% | +23.64% |
Volatility
TSLR vs. DBE - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 41.95% compared to Invesco DB Energy Fund (DBE) at 15.07%. 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 | 41.95% | 15.07% | +26.88% |
Volatility (6M)Calculated over the trailing 6-month period | 70.80% | 34.26% | +36.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.05% | 37.66% | +55.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.22% | 30.15% | +86.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.22% | 28.60% | +87.62% |
TSLR vs. DBE - Expense Ratio Comparison
TSLR has a 0.95% 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 2.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 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 -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLR has higher volatility (41.95%) compared to DBE (15.07%). In terms of maximum drawdown, TSLR dropped -82.80% vs DBE's -86.69%.
On 1-year performance, DBE leads with 61.44% vs -18.69% for TSLR. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 15.07%. 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 61.44% return vs -18.69%. 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 0.95% for TSLR.
DBE has the higher dividend yield at 2.26%, 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: 0.95% for TSLR and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.64 vs -0.20), 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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