TSLR vs. TSLA
TSLR (GraniteShares 2x Long TSLA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while TSLA (Tesla, Inc.) is a stock. Over the past year, TSLR returned -11.40% vs 9.44% for TSLA. With a 1.00 correlation, they move nearly in lockstep.
Performance
TSLR vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLR achieves a -36.63% return, which is significantly lower than TSLA's -15.14% return.
TSLR
- 1D
- -11.59%
- 1M
- -22.05%
- YTD
- -36.63%
- 6M
- -45.88%
- 1Y
- -11.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- -5.79%
- 1M
- -10.42%
- YTD
- -15.14%
- 6M
- -21.41%
- 1Y
- 9.44%
- 3Y*
- 14.14%
- 5Y*
- 10.99%
- 10Y*
- 40.34%
TSLR vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -36.63% | -25.97% | 67.57% | 1.69% |
TSLA Tesla, Inc. | -15.14% | 11.36% | 62.52% | 7.44% |
Correlation
The correlation between TSLR and TSLA is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | 1.00 |
The correlation between TSLR and TSLA has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
TSLR vs. TSLA — Risk / Return Rank
TSLR
TSLA
TSLR vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and Tesla, Inc. (TSLA). 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 | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.32 | -0.53 |
| Martin ratioReturn relative to average drawdown | -0.42 | 0.72 | -1.14 |
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Drawdowns
TSLR vs. TSLA - Drawdown Comparison
The maximum TSLR drawdown since its inception was -82.80%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLR and TSLA.
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Drawdown Indicators
| TSLR | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.80% | -73.63% | -9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -29.93% | -24.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -67.57% | -22.10% | -45.47% |
Average DrawdownAverage peak-to-trough decline | -50.42% | -22.71% | -27.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.47% | 13.37% | +14.10% |
Volatility
TSLR vs. TSLA - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 29.06% compared to Tesla, Inc. (TSLA) at 14.29%. This indicates that TSLR's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLR | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.06% | 14.29% | +14.77% |
Volatility (6M)Calculated over the trailing 6-month period | 57.00% | 28.36% | +28.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.48% | 44.68% | +44.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.40% | 59.03% | +56.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.40% | 59.11% | +56.29% |
Dividends
TSLR vs. TSLA - Dividend Comparison
Neither TSLR nor TSLA has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, TSLR and TSLA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSLR has higher volatility (29.06%) compared to TSLA (14.29%). In terms of maximum drawdown, TSLR dropped -82.80% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.22 vs -0.13), 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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