TSLR vs. NUG
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. At a 0.31 correlation, their price movements are largely independent. TSLR charges 0.95%/yr vs 0.75%/yr for NUG.
Performance
TSLR vs. NUG - Performance Comparison
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Returns By Period
In the year-to-date period, TSLR achieves a -34.20% return, which is significantly higher than NUG's -42.85% return.
TSLR
- 1D
- -6.40%
- 1M
- -9.14%
- 6M
- -33.47%
- YTD
- -34.20%
- 1Y
- 16.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUG
- 1D
- -1.08%
- 1M
- 24.94%
- 6M
- -44.46%
- YTD
- -42.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLR vs. NUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -34.20% | 19.93% |
NUG Leverage Shares 2X Long NU Daily ETF | -42.85% | 9.30% |
Correlation
The correlation between TSLR and NUG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.31 |
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Return for Risk
TSLR vs. NUG — Risk / Return Rank
TSLR
NUG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | — | — |
| Martin ratioReturn relative to average drawdown | 0.58 | — | — |
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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.
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Drawdown Indicators
| TSLR | NUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.80% | -66.15% | -16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | — | — |
Current DrawdownCurrent decline from peak | -66.33% | -53.76% | -12.57% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -33.90% | -16.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.18% | — | — |
Volatility
TSLR vs. NUG - Volatility Comparison
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Volatility by Period
| TSLR | NUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 62.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.93% | 79.47% | +10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.75% | 79.47% | +36.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.75% | 79.47% | +36.28% |
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.
Frequently Asked Questions
TSLR and NUG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NUG is cheaper with a 0.75% expense ratio, compared with 0.95% for TSLR.
TSLR and NUG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 0.95% for TSLR and 0.75% for NUG.
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