TSLR vs. SMYY

Last updated Jun 4, 2026

TSLR (GraniteShares 2x Long TSLA Daily ETF) and SMYY (GraniteShares YieldBOOST SMCI ETF) are both exchange-traded funds - TSLR is a Leveraged Equities fund actively managed by GraniteShares, while SMYY is a Options Trading fund managed by GraniteShares. At a 0.32 correlation, their price movements are largely independent. TSLR charges 1.50%/yr vs 1.07%/yr for SMYY.

Performance

TSLR vs. SMYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long TSLA Daily ETF (TSLR) and GraniteShares YieldBOOST SMCI ETF (SMYY). 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 SMYY's 6.70% return.

TSLR

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

SMYY

• 1D: -0.53%
• 1M: 3.58%
• YTD: 6.70%
• 6M: -8.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLR vs. SMYY - Yearly Performance Comparison

	2026 (YTD)	2025
TSLR GraniteShares 2x Long TSLA Daily ETF	-20.05%	-5.82%
SMYY GraniteShares YieldBOOST SMCI ETF	6.70%	-27.52%

Correlation

The correlation between TSLR and SMYY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.32

Return for Risk

TSLR vs. SMYY — 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

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. SMYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and GraniteShares YieldBOOST SMCI ETF (SMYY). 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	SMYY	Difference
Sharpe ratio: Return per unit of total volatility	0.10	—	—
Sortino ratio: Return per unit of downside risk	0.80	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.17	—	—
Martin ratio: Return relative to average drawdown	0.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TSLR	SMYY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.98	+0.98

Drawdowns

TSLR vs. SMYY - Drawdown Comparison

The maximum TSLR drawdown since its inception was -82.80%, which is greater than SMYY's maximum drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for TSLR and SMYY.

Drawdown Indicators

	TSLR	SMYY	Difference
Max Drawdown Largest peak-to-trough decline	-82.80%	-36.84%	-45.96%
Max Drawdown (1Y) Largest decline over 1 year	-54.37%	—	—
Current Drawdown Current decline from peak	-59.09%	-28.74%	-30.35%
Average Drawdown Average peak-to-trough decline	-50.24%	-25.15%	-25.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.45%	—	—

Volatility

Volatility by Period

	TSLR	SMYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	92.75%	32.69%	+60.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.54%	32.69%	+82.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.54%	32.69%	+82.85%

TSLR vs. SMYY - Expense Ratio Comparison

TSLR has a 1.50% expense ratio, which is higher than SMYY's 1.07% expense ratio.

Dividends

TSLR vs. SMYY - Dividend Comparison

TSLR has not paid dividends to shareholders, while SMYY's dividend yield for the trailing twelve months is around 146.89%.

Position	TTM	2025
SMYY GraniteShares YieldBOOST SMCI ETF	146.89%	53.33%
TSLR GraniteShares 2x Long TSLA Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLR and SMYY in my portfolio?

TSLR and SMYY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLR or SMYY?

On fees, SMYY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSLR or SMYY?

SMYY is cheaper with a 1.07% expense ratio, compared with 1.50% for TSLR.

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

SMYY has the higher dividend yield at 146.89%, compared with 0.00% for TSLR.

What is the main difference between TSLR and SMYY?

TSLR is categorized as Leveraged Equities, while SMYY is Options Trading. Their fees differ too: 1.50% for TSLR and 1.07% for SMYY.