TSLR vs. TSYY

Last updated Jul 17, 2026

TSLR (GraniteShares 2x Long TSLA Daily ETF) and TSYY (GraniteShares YieldBOOST TSLA ETF) are both exchange-traded funds - TSLR is a Leveraged Equities fund actively managed by GraniteShares, while TSYY is a Derivative Income fund actively managed by GraniteShares. Both are actively managed. Over the past year, TSLR returned 8.78% vs -11.64% for TSYY. Their correlation of 0.88 suggests significant overlap in exposure. TSLR charges 0.95%/yr vs 1.15%/yr for TSYY.

Performance

TSLR vs. TSYY - 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 TSLA ETF (TSYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLR achieves a -35.42% return, which is significantly lower than TSYY's -17.65% return.

TSLR

• 1D: -1.52%
• 1M: -9.97%
• 6M: -31.50%
• YTD: -35.42%
• 1Y: 8.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSYY

• 1D: -0.27%
• 1M: -1.63%
• 6M: -17.30%
• YTD: -17.65%
• 1Y: -11.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLR vs. TSYY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLR GraniteShares 2x Long TSLA Daily ETF	-35.42%	-25.97%	-30.88%
TSYY GraniteShares YieldBOOST TSLA ETF	-17.65%	-15.96%	-3.30%

Correlation

The correlation between TSLR and TSYY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.88

The correlation between TSLR and TSYY has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

TSLR vs. TSYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLR

TSLR Risk / Return Rank: 14
TSLR Sharpe Ratio Rank: 11
TSLR Sortino Ratio Rank: 18
TSLR Omega Ratio Rank: 17
TSLR Calmar Ratio Rank: 11
TSLR Martin Ratio Rank: 11

TSYY

TSYY Risk / Return Rank: 6
TSYY Sharpe Ratio Rank: 6
TSYY Sortino Ratio Rank: 6
TSYY Omega Ratio Rank: 6
TSYY Calmar Ratio Rank: 6
TSYY Martin Ratio Rank: 6

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. TSYY - 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 TSLA ETF (TSYY). 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	TSYY	Difference
Sharpe ratio: Return per unit of total volatility	0.10	-0.39	+0.49
Sortino ratio: Return per unit of downside risk	0.79	-0.34	+1.13
Omega ratio: Gain probability vs. loss probability	1.09	0.96	+0.14
Calmar ratio: Return relative to maximum drawdown	0.16	-0.41	+0.57
Martin ratio: Return relative to average drawdown	0.31	-0.69	+1.00

TSLR vs. TSYY - Sharpe Ratio Comparison

The current TSLR Sharpe Ratio is 0.10, which is higher than the TSYY Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of TSLR and TSYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLR vs. TSYY - Drawdown Comparison

The maximum TSLR drawdown since its inception was -82.80%, which is greater than TSYY's maximum drawdown of -41.52%. Use the drawdown chart below to compare losses from any high point for TSLR and TSYY.

Drawdown Indicators

	TSLR	TSYY	Difference
Max Drawdown Largest peak-to-trough decline	-82.80%	-41.52%	-41.28%
Max Drawdown (1Y) Largest decline over 1 year	-54.37%	-28.39%	-25.98%
Current Drawdown Current decline from peak	-66.95%	-37.49%	-29.46%
Average Drawdown Average peak-to-trough decline	-50.75%	-26.66%	-24.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.61%	16.89%	+11.72%

Volatility

TSLR vs. TSYY - Volatility Comparison

GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 33.75% compared to GraniteShares YieldBOOST TSLA ETF (TSYY) at 6.71%. This indicates that TSLR's price experiences larger fluctuations and is considered to be riskier than TSYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLR	TSYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.75%	6.71%	+27.04%
Volatility (6M) Calculated over the trailing 6-month period	62.64%	18.02%	+44.62%
Volatility (1Y) Calculated over the trailing 1-year period	89.66%	30.07%	+59.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.51%	36.70%	+78.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.51%	36.70%	+78.81%

TSLR vs. TSYY - Expense Ratio Comparison

TSLR has a 0.95% expense ratio, which is lower than TSYY's 1.15% expense ratio.

Dividends

TSLR vs. TSYY - Dividend Comparison

TSLR has not paid dividends to shareholders, while TSYY's dividend yield for the trailing twelve months is around 248.09%.

Position	TTM	2025	2024
TSLR GraniteShares 2x Long TSLA Daily ETF	0.00%	0.00%	0.00%
TSYY GraniteShares YieldBOOST TSLA ETF	248.09%	256.64%	0.19%

Frequently Asked Questions

Can I hold both TSLR and TSYY in my portfolio?

TSLR and TSYY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLR or TSYY?

TSLR has higher volatility (33.75%) compared to TSYY (6.71%). In terms of maximum drawdown, TSLR dropped -82.80% vs TSYY's -41.52%.

Which ETF is better, TSLR or TSYY?

On 1-year performance, TSLR leads with 8.78% vs -11.64% for TSYY. On fees, TSLR is cheaper at 0.95% per year. On volatility, TSYY has been the lower-risk option at 6.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLR or TSYY?

Over the 1-year period, TSLR has performed better with a 8.78% return vs -11.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLR or TSYY?

TSLR is cheaper with a 0.95% expense ratio, compared with 1.15% for TSYY.

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

TSYY has the higher dividend yield at 248.09%, compared with 0.00% for TSLR.

What is the main difference between TSLR and TSYY?

TSLR is categorized as Leveraged Equities, while TSYY is Derivative Income. Their fees differ too: 0.95% for TSLR and 1.15% for TSYY.

Which has better risk-adjusted returns?

TSLR currently has the higher Sharpe Ratio (0.10 vs -0.39), 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.