TSLR vs. NVDL
Compare and contrast key facts about GraniteShares 2x Long TSLA Daily ETF (TSLR) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
TSLR and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLR or NVDL.
Key characteristics
| TSLR | NVDL | |
|---|---|---|
| YTD Return | 34.75% | 439.60% |
| 1Y Return | 69.49% | 451.27% |
| Sharpe Ratio | 0.63 | 4.67 |
| Sortino Ratio | 1.75 | 3.61 |
| Omega Ratio | 1.21 | 1.47 |
| Calmar Ratio | 0.99 | 9.26 |
| Martin Ratio | 1.71 | 24.37 |
| Ulcer Index | 44.55% | 19.53% |
| Daily Std Dev | 121.22% | 101.96% |
| Max Drawdown | -76.58% | -51.40% |
| Current Drawdown | 0.00% | -5.48% |
Correlation
The correlation between TSLR and NVDL is 0.29, 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.
Performance
TSLR vs. NVDL - Performance Comparison
In the year-to-date period, TSLR achieves a 34.75% return, which is significantly lower than NVDL's 439.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSLR vs. NVDL - Expense Ratio Comparison
TSLR has a 1.50% expense ratio, which is higher than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
TSLR vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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.
Dividends
TSLR vs. NVDL - Dividend Comparison
TSLR has not paid dividends to shareholders, while NVDL's dividend yield for the trailing twelve months is around 2.09%.
| TTM | 2023 | |
|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.09% | 11.29% |
Drawdowns
TSLR vs. NVDL - Drawdown Comparison
The maximum TSLR drawdown since its inception was -76.58%, which is greater than NVDL's maximum drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for TSLR and NVDL. For additional features, visit the drawdowns tool.
Volatility
TSLR vs. NVDL - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 49.84% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 23.03%. This indicates that TSLR's price experiences larger fluctuations and is considered to be riskier than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.