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.
Key characteristics
| TSLR | TSLA | |
|---|---|---|
| YTD Return | 34.75% | 40.86% |
| 1Y Return | 69.49% | 63.06% |
| Sharpe Ratio | 0.63 | 1.10 |
| Sortino Ratio | 1.75 | 1.90 |
| Omega Ratio | 1.21 | 1.23 |
| Calmar Ratio | 0.99 | 1.02 |
| Martin Ratio | 1.71 | 2.92 |
| Ulcer Index | 44.55% | 22.86% |
| Daily Std Dev | 121.22% | 60.97% |
| Max Drawdown | -76.58% | -73.63% |
| Current Drawdown | 0.00% | -14.63% |
Correlation
The correlation between TSLR and TSLA is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSLR vs. TSLA - Performance Comparison
In the year-to-date period, TSLR achieves a 34.75% return, which is significantly lower than TSLA's 40.86% 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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Risk-Adjusted Performance
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 -76.58%, roughly equal to the maximum TSLA 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 49.84% compared to Tesla, Inc. (TSLA) at 26.55%. 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.