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TSLR vs. SMH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TSLR and SMH is 0.40, 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.


-0.50.00.51.00.4

Performance

TSLR vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long TSLA Daily ETF (TSLR) and VanEck Vectors Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%150.00%JulyAugustSeptemberOctoberNovemberDecember
87.82%
63.29%
TSLR
SMH

Key characteristics

Sharpe Ratio

TSLR:

0.68

SMH:

1.25

Sortino Ratio

TSLR:

1.81

SMH:

1.76

Omega Ratio

TSLR:

1.22

SMH:

1.22

Calmar Ratio

TSLR:

1.12

SMH:

1.75

Martin Ratio

TSLR:

1.92

SMH:

4.38

Ulcer Index

TSLR:

44.64%

SMH:

9.95%

Daily Std Dev

TSLR:

125.62%

SMH:

34.83%

Max Drawdown

TSLR:

-76.58%

SMH:

-95.73%

Current Drawdown

TSLR:

-23.81%

SMH:

-13.71%

Returns By Period

In the year-to-date period, TSLR achieves a 84.70% return, which is significantly higher than SMH's 38.79% return.


TSLR

YTD

84.70%

1M

48.00%

6M

298.58%

1Y

79.32%

5Y*

N/A

10Y*

N/A

SMH

YTD

38.79%

1M

-1.38%

6M

-8.37%

1Y

40.07%

5Y*

29.31%

10Y*

27.34%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TSLR vs. SMH - Expense Ratio Comparison

TSLR has a 1.50% expense ratio, which is higher than SMH's 0.35% expense ratio.


TSLR
GraniteShares 2x Long TSLA Daily ETF
Expense ratio chart for TSLR: current value at 1.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.50%
Expense ratio chart for SMH: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

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.


Sharpe ratio
The chart of Sharpe ratio for TSLR, currently valued at 0.68, compared to the broader market0.002.004.000.681.25
The chart of Sortino ratio for TSLR, currently valued at 1.81, compared to the broader market-2.000.002.004.006.008.0010.001.811.76
The chart of Omega ratio for TSLR, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.22
The chart of Calmar ratio for TSLR, currently valued at 1.12, compared to the broader market0.005.0010.0015.001.121.75
The chart of Martin ratio for TSLR, currently valued at 1.92, compared to the broader market0.0020.0040.0060.0080.00100.001.924.38
TSLR
SMH

The current TSLR Sharpe Ratio is 0.68, which is lower than the SMH Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of TSLR and SMH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15
0.68
1.25
TSLR
SMH

Dividends

TSLR vs. SMH - Dividend Comparison

Neither TSLR nor SMH has paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
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
0.00%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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-23.81%
-13.71%
TSLR
SMH

Volatility

TSLR vs. SMH - Volatility Comparison

GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 33.98% compared to VanEck Vectors Semiconductor ETF (SMH) at 7.83%. 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.


10.00%20.00%30.00%40.00%50.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
33.98%
7.83%
TSLR
SMH
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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