TSLR vs. SKRE
TSLR (GraniteShares 2x Long TSLA Daily ETF) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - TSLR is a Leveraged Equities fund actively managed by GraniteShares, while SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry. TSLR is actively managed, while SKRE is passively managed. Over the past year, TSLR returned -18.69% vs -50.55% for SKRE. Their -0.29 correlation means they have often moved in opposite directions in the past. TSLR charges 0.95%/yr vs 0.75%/yr for SKRE.
Performance
TSLR vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, TSLR achieves a -58.03% return, which is significantly lower than SKRE's -35.15% return.
TSLR
- 1D
- 7.01%
- 1M
- -36.27%
- 6M
- -51.23%
- YTD
- -58.03%
- 1Y
- -18.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -19.39%
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.93K | $143.27K | $245.32K | |
| $20.74M | $20.82M | $40.66M |
TSLR vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -58.03% | -25.97% | 80.66% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -31.29% | -44.47% |
Correlation
The correlation between TSLR and SKRE is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024 | -0.29 |
The correlation between TSLR and SKRE shifts across timeframes, from -0.29 (all time) to -0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSLR vs. SKRE — Risk / Return Rank
TSLR
SKRE
TSLR vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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 | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.80 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.99 | +0.72 |
| Martin ratioReturn relative to average drawdown | -0.59 | -1.65 | +1.05 |
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Drawdowns
TSLR vs. SKRE - Drawdown Comparison
The maximum TSLR drawdown since its inception was -82.80%, roughly equal to the maximum SKRE drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for TSLR and SKRE.
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Drawdown Indicators
| TSLR | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.80% | -79.33% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -69.80% | -51.44% | -18.36% |
Current DrawdownCurrent decline from peak | -78.52% | -78.96% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -51.16% | -49.09% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.54% | 30.75% | +0.79% |
Volatility
TSLR vs. SKRE - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 41.95% compared to Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) at 10.82%. This indicates that TSLR's price experiences larger fluctuations and is considered to be riskier than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLR | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.95% | 10.82% | +31.13% |
Volatility (6M)Calculated over the trailing 6-month period | 70.80% | 30.42% | +40.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.05% | 45.86% | +47.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.22% | 54.75% | +61.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.22% | 54.75% | +61.47% |
TSLR vs. SKRE - Expense Ratio Comparison
TSLR has a 0.95% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
TSLR vs. SKRE - Dividend Comparison
TSLR has not paid dividends to shareholders, while SKRE's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% |
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLR and SKRE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLR has higher volatility (41.95%) compared to SKRE (10.82%). In terms of maximum drawdown, TSLR dropped -82.80% vs SKRE's -79.33%.
On 1-year performance, TSLR leads with -18.69% vs -50.55% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 10.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLR has performed better with a -18.69% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKRE is cheaper with a 0.75% expense ratio, compared with 0.95% for TSLR.
SKRE has the higher dividend yield at 0.39%, compared with 0.00% for TSLR.
TSLR is categorized as Leveraged Equities, while SKRE is Inverse Equities. They also come from different issuers: GraniteShares and Tuttle. Their fees differ too: 0.95% for TSLR and 0.75% for SKRE.
TSLR currently has the higher Sharpe Ratio (-0.20 vs -1.11), 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.
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