TSLR vs. TSLA
Compare and contrast key facts about GraniteShares 2x Long TSLA Daily ETF (TSLR) and Tesla, Inc. (TSLA).
TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLR or TSLA.
Correlation
The correlation between TSLR and TSLA is 0.56, 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. TSLA - Performance Comparison
Key characteristics
TSLR:
0.35
TSLA:
0.92
TSLR:
1.62
TSLA:
1.74
TSLR:
1.19
TSLA:
1.20
TSLR:
0.61
TSLA:
1.15
TSLR:
1.24
TSLA:
2.93
TSLR:
40.92%
TSLA:
23.11%
TSLR:
144.31%
TSLA:
72.19%
TSLR:
-82.80%
TSLA:
-73.63%
TSLR:
-74.03%
TSLA:
-41.20%
Returns By Period
In the year-to-date period, TSLR achieves a -62.43% return, which is significantly lower than TSLA's -30.13% return.
TSLR
-62.43%
7.47%
-16.54%
29.69%
N/A
N/A
TSLA
-30.13%
8.87%
9.56%
53.95%
43.47%
34.14%
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Risk-Adjusted Performance
TSLR vs. TSLA — Risk-Adjusted Performance Rank
TSLR
TSLA
TSLR vs. TSLA - Risk-Adjusted Performance 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.
Dividends
TSLR vs. TSLA - Dividend Comparison
Neither TSLR nor TSLA has paid dividends to shareholders.
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. For additional features, visit the drawdowns tool.
Volatility
TSLR vs. TSLA - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 60.40% compared to Tesla, Inc. (TSLA) at 31.09%. 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.