TSLR vs. VALG
TSLR (GraniteShares 2x Long TSLA Daily ETF) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds. TSLR is actively managed, while VALG is passively managed. At a 0.36 correlation, their price movements are largely independent. TSLR charges 0.95%/yr vs 0.75%/yr for VALG.
Performance
TSLR vs. VALG - Performance Comparison
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Returns By Period
In the year-to-date period, TSLR achieves a -34.20% return, which is significantly lower than VALG's 2.84% return.
TSLR
- 1D
- -6.40%
- 1M
- -9.14%
- 6M
- -33.47%
- YTD
- -34.20%
- 1Y
- 16.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VALG
- 1D
- -4.06%
- 1M
- -19.89%
- 6M
- -8.94%
- YTD
- 2.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLR vs. VALG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | -34.20% | -8.04% |
VALG Leverage Shares 2X Long VALE Daily ETF | 2.84% | 1.57% |
Correlation
The correlation between TSLR and VALG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.36 |
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Return for Risk
TSLR vs. VALG — Risk / Return Rank
TSLR
VALG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLR vs. VALG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) and Leverage Shares 2X Long VALE Daily ETF (VALG). 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 | VALG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | — | — |
| Martin ratioReturn relative to average drawdown | 0.58 | — | — |
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Drawdowns
TSLR vs. VALG - Drawdown Comparison
The maximum TSLR drawdown since its inception was -82.80%, which is greater than VALG's maximum drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for TSLR and VALG.
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Drawdown Indicators
| TSLR | VALG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.80% | -41.01% | -41.79% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | — | — |
Current DrawdownCurrent decline from peak | -66.33% | -40.48% | -25.85% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -15.31% | -35.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.18% | — | — |
Volatility
TSLR vs. VALG - Volatility Comparison
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Volatility by Period
| TSLR | VALG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 62.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.93% | 73.47% | +16.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.75% | 73.47% | +42.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.75% | 73.47% | +42.28% |
TSLR vs. VALG - Expense Ratio Comparison
TSLR has a 0.95% expense ratio, which is higher than VALG's 0.75% expense ratio.
Dividends
TSLR vs. VALG - Dividend Comparison
Neither TSLR nor VALG has paid dividends to shareholders.
Frequently Asked Questions
TSLR and VALG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALG is cheaper with a 0.75% expense ratio, compared with 0.95% for TSLR.
TSLR and VALG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 0.95% for TSLR and 0.75% for VALG.
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