TSLR vs. SMH
Compare and contrast key facts about GraniteShares 2x Long TSLA Daily ETF (TSLR) and VanEck Vectors Semiconductor ETF (SMH).
TSLR and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLR or SMH.
Key characteristics
| TSLR | SMH | |
|---|---|---|
| YTD Return | 17.78% | 44.03% |
| 1Y Return | 37.99% | 62.09% |
| Sharpe Ratio | 0.40 | 1.78 |
| Sortino Ratio | 1.50 | 2.29 |
| Omega Ratio | 1.18 | 1.30 |
| Calmar Ratio | 0.63 | 2.46 |
| Martin Ratio | 1.08 | 6.77 |
| Ulcer Index | 44.55% | 9.02% |
| Daily Std Dev | 121.68% | 34.35% |
| Max Drawdown | -76.58% | -95.73% |
| Current Drawdown | -12.59% | -10.46% |
Correlation
The correlation between TSLR and SMH is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSLR vs. SMH - Performance Comparison
In the year-to-date period, TSLR achieves a 17.78% return, which is significantly lower than SMH's 44.03% 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. SMH - Expense Ratio Comparison
TSLR has a 1.50% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
TSLR vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
TSLR has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.41% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
TSLR vs. SMH - Drawdown Comparison
The maximum TSLR drawdown since its inception was -76.58%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for TSLR and SMH. For additional features, visit the drawdowns tool.
Volatility
TSLR vs. SMH - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 52.82% compared to VanEck Vectors Semiconductor ETF (SMH) at 9.39%. This indicates that TSLR's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.