TSLR vs. HIPS
Compare and contrast key facts about GraniteShares 2x Long TSLA Daily ETF (TSLR) and GraniteShares HIPS US High Income ETF (HIPS).
TSLR and HIPS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. HIPS is a passively managed fund by GraniteShares that tracks the performance of the TFMS HIPS Index. It was launched on Jan 6, 2015.
Performance
TSLR vs. HIPS - Performance Comparison
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TSLR vs. HIPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -35.45% | -25.97% | 67.57% | 1.69% |
HIPS GraniteShares HIPS US High Income ETF | 1.64% | 1.00% | 13.71% | 9.45% |
Returns By Period
In the year-to-date period, TSLR achieves a -35.45% return, which is significantly lower than HIPS's 1.64% return.
TSLR
- 1D
- 9.25%
- 1M
- -16.38%
- YTD
- -35.45%
- 6M
- -39.21%
- 1Y
- 36.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIPS
- 1D
- 1.35%
- 1M
- -0.71%
- YTD
- 1.64%
- 6M
- 3.50%
- 1Y
- 1.18%
- 3Y*
- 10.32%
- 5Y*
- 5.40%
- 10Y*
- 6.13%
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TSLR vs. HIPS - Expense Ratio Comparison
TSLR has a 1.50% expense ratio, which is lower than HIPS's 3.19% expense ratio.
Return for Risk
TSLR vs. HIPS — Risk / Return Rank
TSLR
HIPS
TSLR vs. HIPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and GraniteShares HIPS US High Income ETF (HIPS). 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 | HIPS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 0.08 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.20 | +1.08 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.08 | +0.55 |
Martin ratioReturn relative to average drawdown | 1.35 | 0.31 | +1.04 |
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 | HIPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.08 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.22 | -0.28 |
Correlation
The correlation between TSLR and HIPS is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TSLR vs. HIPS - Dividend Comparison
TSLR has not paid dividends to shareholders, while HIPS's dividend yield for the trailing twelve months is around 11.16%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
HIPS GraniteShares HIPS US High Income ETF | 11.16% | 11.04% | 10.04% | 10.32% | 10.76% | 8.43% | 9.50% | 6.93% | 8.66% | 7.28% | 7.20% | 8.17% |
Drawdowns
TSLR vs. HIPS - Drawdown Comparison
The maximum TSLR drawdown since its inception was -82.80%, which is greater than HIPS's maximum drawdown of -53.14%. Use the drawdown chart below to compare losses from any high point for TSLR and HIPS.
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Drawdown Indicators
| TSLR | HIPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.80% | -53.14% | -29.66% |
Max Drawdown (1Y)Largest decline over 1 year | -50.66% | -13.02% | -37.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.14% | — |
Current DrawdownCurrent decline from peak | -66.96% | -3.24% | -63.72% |
Average DrawdownAverage peak-to-trough decline | -49.38% | -7.48% | -41.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.76% | 3.54% | +20.22% |
Volatility
TSLR vs. HIPS - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 22.54% compared to GraniteShares HIPS US High Income ETF (HIPS) at 3.82%. This indicates that TSLR's price experiences larger fluctuations and is considered to be riskier than HIPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLR | HIPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.54% | 3.82% | +18.72% |
Volatility (6M)Calculated over the trailing 6-month period | 59.76% | 7.53% | +52.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.88% | 15.01% | +95.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.43% | 13.33% | +104.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.43% | 18.13% | +99.30% |