TSLR vs. NUG

Last updated Aug 4, 2026

TSLR (GraniteShares 2x Long TSLA Daily ETF) and NUG (Leverage Shares 2X Long NU Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.32 correlation means their historical movements had little consistent relationship. TSLR charges 0.95%/yr vs 0.75%/yr for NUG.

Performance

TSLR vs. NUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long TSLA Daily ETF (TSLR) and Leverage Shares 2X Long NU Daily ETF (NUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLR achieves a -58.03% return, which is significantly lower than NUG's -37.51% return.

TSLR

• 1D: 7.01%
• 1M: -36.27%
• 6M: -51.23%
• YTD: -58.03%
• 1Y: -18.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -19.39%

NUG

• 1D: 1.11%
• 1M: 10.48%
• 6M: -45.39%
• YTD: -37.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
NUG Leverage Shares 2X Long NU Daily ETF	$94.61K	$94.14K	$127.44K
TSLR GraniteShares 2x Long TSLA Daily ETF	$20.74M	$20.82M	$40.66M

TSLR vs. NUG - Yearly Performance Comparison

	2026 (YTD)	2025
TSLR GraniteShares 2x Long TSLA Daily ETF	-58.03%	19.93%
NUG Leverage Shares 2X Long NU Daily ETF	-37.51%	9.30%

Correlation

The correlation between TSLR and NUG is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.32

Return for Risk

TSLR vs. NUG — Risk / Return Rank

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

TSLR

TSLR Risk / Return Rank: 10
TSLR Sharpe Ratio Rank: 8
TSLR Sortino Ratio Rank: 14
TSLR Omega Ratio Rank: 14
TSLR Calmar Ratio Rank: 8
TSLR Martin Ratio Rank: 7

NUG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TSLR vs. NUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and Leverage Shares 2X Long NU Daily ETF (NUG). 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	NUG	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	—	—
Sortino ratio: Return per unit of downside risk	0.35	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	-0.27	—	—
Martin ratio: Return relative to average drawdown	-0.59	—	—

Drawdowns

TSLR vs. NUG - Drawdown Comparison

The maximum TSLR drawdown since its inception was -82.80%, which is greater than NUG's maximum drawdown of -66.15%. Use the drawdown chart below to compare losses from any high point for TSLR and NUG.

Drawdown Indicators

	TSLR	NUG	Difference
Max Drawdown Largest peak-to-trough decline	-82.80%	-66.15%	-16.65%
Max Drawdown (1Y) Largest decline over 1 year	-69.80%	—	—
Current Drawdown Current decline from peak	-78.52%	-49.45%	-29.07%
Average Drawdown Average peak-to-trough decline	-51.16%	-35.32%	-15.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.54%	—	—

Volatility

Volatility by Period

	TSLR	NUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	70.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	93.05%	78.79%	+14.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.22%	78.79%	+37.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.22%	78.79%	+37.43%

TSLR vs. NUG - Expense Ratio Comparison

TSLR has a 0.95% expense ratio, which is higher than NUG's 0.75% expense ratio.

Dividends

TSLR vs. NUG - Dividend Comparison

Neither TSLR nor NUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TSLR and NUG in my portfolio?

TSLR and NUG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLR or NUG?

On fees, NUG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSLR or NUG?

NUG is cheaper with a 0.75% expense ratio, compared with 0.95% for TSLR.

Which ETF pays a higher dividend yield, TSLR or NUG?

TSLR and NUG have nearly identical dividend yields, around 0.00%.

What is the main difference between TSLR and NUG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 0.95% for TSLR and 0.75% for NUG.