TSLR vs. TSLL
Compare and contrast key facts about GraniteShares 2x Long TSLA Daily ETF (TSLR) and Direxion Daily TSLA Bull 1.5X Shares (TSLL).
TSLR and TSLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. TSLL is an actively managed fund by Direxion. It was launched on Jun 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLR or TSLL.
Key characteristics
| TSLR | TSLL | |
|---|---|---|
| YTD Return | 19.14% | 42.44% |
| 1Y Return | 26.60% | 50.68% |
| Sharpe Ratio | 0.33 | 0.55 |
| Sortino Ratio | 1.42 | 1.67 |
| Omega Ratio | 1.17 | 1.20 |
| Calmar Ratio | 0.52 | 0.81 |
| Martin Ratio | 0.89 | 1.75 |
| Ulcer Index | 44.56% | 36.78% |
| Daily Std Dev | 121.49% | 116.62% |
| Max Drawdown | -76.58% | -81.21% |
| Current Drawdown | -11.59% | -21.19% |
Correlation
The correlation between TSLR and TSLL 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. TSLL - Performance Comparison
In the year-to-date period, TSLR achieves a 19.14% return, which is significantly lower than TSLL's 42.44% 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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TSLR vs. TSLL - Expense Ratio Comparison
TSLR has a 1.50% expense ratio, which is higher than TSLL's 1.08% expense ratio.
Risk-Adjusted Performance
TSLR vs. TSLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). 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. TSLL - Dividend Comparison
TSLR has not paid dividends to shareholders, while TSLL's dividend yield for the trailing twelve months is around 3.21%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% | 0.00% |
TSLL Direxion Daily TSLA Bull 1.5X Shares | 3.21% | 4.43% | 1.58% |
Drawdowns
TSLR vs. TSLL - Drawdown Comparison
The maximum TSLR drawdown since its inception was -76.58%, smaller than the maximum TSLL drawdown of -81.21%. Use the drawdown chart below to compare losses from any high point for TSLR and TSLL. For additional features, visit the drawdowns tool.
Volatility
TSLR vs. TSLL - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) and Direxion Daily TSLA Bull 1.5X Shares (TSLL) have volatilities of 52.78% and 52.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.