TSLR vs. NVDG

Last updated Jun 4, 2026

TSLR (GraniteShares 2x Long TSLA Daily ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, TSLR returned 8.94% vs 83.14% for NVDG. At a 0.42 correlation, their price movements are largely independent. TSLR charges 1.50%/yr vs 0.75%/yr for NVDG.

Performance

TSLR vs. NVDG - 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 NVDA Daily ETF (NVDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLR achieves a -20.05% return, which is significantly lower than NVDG's 18.93% return.

TSLR

• 1D: -0.17%
• 1M: 13.88%
• YTD: -20.05%
• 6M: -20.52%
• 1Y: 8.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: -7.35%
• 1M: 14.07%
• YTD: 18.93%
• 6M: 26.05%
• 1Y: 83.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLR vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLR GraniteShares 2x Long TSLA Daily ETF	-20.05%	-25.97%	-16.81%
NVDG Leverage Shares 2X Long NVDA Daily ETF	18.93%	32.45%	-0.75%

Correlation

The correlation between TSLR and NVDG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.42

Return for Risk

TSLR vs. NVDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLR

TSLR Risk / Return Rank: 12
TSLR Sharpe Ratio Rank: 10
TSLR Sortino Ratio Rank: 16
TSLR Omega Ratio Rank: 16
TSLR Calmar Ratio Rank: 10
TSLR Martin Ratio Rank: 10

NVDG

NVDG Risk / Return Rank: 34
NVDG Sharpe Ratio Rank: 34
NVDG Sortino Ratio Rank: 35
NVDG Omega Ratio Rank: 33
NVDG Calmar Ratio Rank: 39
NVDG Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLR vs. NVDG - 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 NVDA Daily ETF (NVDG). 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	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	0.10	1.24	-1.14
Sortino ratio: Return per unit of downside risk	0.80	1.87	-1.07
Omega ratio: Gain probability vs. loss probability	1.10	1.22	-0.13
Calmar ratio: Return relative to maximum drawdown	0.17	1.96	-1.79
Martin ratio: Return relative to average drawdown	0.34	4.44	-4.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLR vs. NVDG - Sharpe Ratio Comparison

The current TSLR Sharpe Ratio is 0.10, which is lower than the NVDG Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of TSLR and NVDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLR	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	1.24	-1.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.40	-0.40

Drawdowns

TSLR vs. NVDG - Drawdown Comparison

The maximum TSLR drawdown since its inception was -82.80%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for TSLR and NVDG.

Drawdown Indicators

	TSLR	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-82.80%	-66.19%	-16.61%
Max Drawdown (1Y) Largest decline over 1 year	-54.37%	-42.72%	-11.65%
Current Drawdown Current decline from peak	-59.09%	-18.34%	-40.75%
Average Drawdown Average peak-to-trough decline	-50.24%	-23.07%	-27.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.45%	18.77%	+7.68%

Volatility

TSLR vs. NVDG - Volatility Comparison

GraniteShares 2x Long TSLA Daily ETF (TSLR) and Leverage Shares 2X Long NVDA Daily ETF (NVDG) have volatilities of 24.40% and 25.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLR	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.40%	25.14%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	54.65%	50.15%	+4.50%
Volatility (1Y) Calculated over the trailing 1-year period	92.75%	67.81%	+24.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.54%	90.72%	+24.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.54%	90.72%	+24.82%

TSLR vs. NVDG - Expense Ratio Comparison

TSLR has a 1.50% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

TSLR vs. NVDG - Dividend Comparison

TSLR has not paid dividends to shareholders, while NVDG's dividend yield for the trailing twelve months is around 9.93%.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	9.93%	11.81%
TSLR GraniteShares 2x Long TSLA Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLR and NVDG in my portfolio?

TSLR and NVDG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLR or NVDG?

NVDG has higher volatility (25.14%) compared to TSLR (24.40%). In terms of maximum drawdown, TSLR dropped -82.80% vs NVDG's -66.19%.

Which ETF is better, TSLR or NVDG?

On 1-year performance, NVDG leads with 83.14% vs 8.94% for TSLR. On fees, NVDG is cheaper at 0.75% per year. On volatility, TSLR has been the lower-risk option at 24.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLR or NVDG?

Over the 1-year period, NVDG has performed better with a 83.14% return vs 8.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLR or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 1.50% for TSLR.

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

NVDG has the higher dividend yield at 9.93%, compared with 0.00% for TSLR.

What is the main difference between TSLR and NVDG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for TSLR and 0.75% for NVDG.

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (1.24 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.