TSLR vs. XBTY

Last updated Jun 4, 2026

TSLR (GraniteShares 2x Long TSLA Daily ETF) and XBTY (GraniteShares YieldBOOST Bitcoin ETF) are both exchange-traded funds - TSLR is a Leveraged Equities fund actively managed by GraniteShares, while XBTY is a Derivative Income fund actively managed by GraniteShares. Both are actively managed. Over the past year, TSLR returned 8.94% vs -36.52% for XBTY. At a 0.38 correlation, their price movements are largely independent. TSLR charges 1.50%/yr vs 0.99%/yr for XBTY.

Performance

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

Returns By Period

The year-to-date returns for both investments are quite close, with TSLR having a -20.05% return and XBTY slightly higher at -19.49%.

TSLR

• 1D: -0.17%
• 1M: 13.88%
• YTD: -20.05%
• 6M: -20.52%
• 1Y: 8.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XBTY

• 1D: -0.41%
• 1M: -8.39%
• YTD: -19.49%
• 6M: -20.52%
• 1Y: -36.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLR vs. XBTY - Yearly Performance Comparison

	2026 (YTD)	2025
TSLR GraniteShares 2x Long TSLA Daily ETF	-20.05%	42.69%
XBTY GraniteShares YieldBOOST Bitcoin ETF	-19.49%	-21.15%

Correlation

The correlation between TSLR and XBTY is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.38

Return for Risk

TSLR vs. XBTY — Risk / Return Rank

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

TSLR

TSLR Risk / Return Rank: 12
TSLR Sharpe Ratio Rank: 10
TSLR Sortino Ratio Rank: 16
TSLR Omega Ratio Rank: 16
TSLR Calmar Ratio Rank: 10
TSLR Martin Ratio Rank: 10

XBTY

XBTY Risk / Return Rank: 1
XBTY Sharpe Ratio Rank: 0
XBTY Sortino Ratio Rank: 1
XBTY Omega Ratio Rank: 1
XBTY Calmar Ratio Rank: 2
XBTY Martin Ratio Rank: 3

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. XBTY - 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 Bitcoin ETF (XBTY). 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.

	TSLR	XBTY	Difference
Sharpe ratio: Return per unit of total volatility	0.10	-1.29	+1.39
Sortino ratio: Return per unit of downside risk	0.80	-1.87	+2.67
Omega ratio: Gain probability vs. loss probability	1.10	0.78	+0.32
Calmar ratio: Return relative to maximum drawdown	0.17	-0.81	+0.97
Martin ratio: Return relative to average drawdown	0.34	-1.24	+1.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLR vs. XBTY - Sharpe Ratio Comparison

The current TSLR Sharpe Ratio is 0.10, which is higher than the XBTY Sharpe Ratio of -1.29. The chart below compares the historical Sharpe Ratios of TSLR and XBTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLR	XBTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	-1.29	+1.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-1.26	+1.26

Drawdowns

TSLR vs. XBTY - Drawdown Comparison

The maximum TSLR drawdown since its inception was -82.80%, which is greater than XBTY's maximum drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for TSLR and XBTY.

Drawdown Indicators

	TSLR	XBTY	Difference
Max Drawdown Largest peak-to-trough decline	-82.80%	-45.46%	-37.34%
Max Drawdown (1Y) Largest decline over 1 year	-54.37%	-45.46%	-8.91%
Current Drawdown Current decline from peak	-59.09%	-45.46%	-13.63%
Average Drawdown Average peak-to-trough decline	-50.24%	-23.04%	-27.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.45%	29.49%	-3.04%

Volatility

TSLR vs. XBTY - Volatility Comparison

GraniteShares 2x Long TSLA Daily ETF (TSLR) has a higher volatility of 24.40% compared to GraniteShares YieldBOOST Bitcoin ETF (XBTY) at 5.46%. This indicates that TSLR's price experiences larger fluctuations and is considered to be riskier than XBTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLR	XBTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.40%	5.46%	+18.94%
Volatility (6M) Calculated over the trailing 6-month period	54.65%	17.11%	+37.54%
Volatility (1Y) Calculated over the trailing 1-year period	92.75%	28.34%	+64.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.54%	27.95%	+87.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.54%	27.95%	+87.59%

TSLR vs. XBTY - Expense Ratio Comparison

TSLR has a 1.50% expense ratio, which is higher than XBTY's 0.99% expense ratio.

Dividends

TSLR vs. XBTY - Dividend Comparison

TSLR has not paid dividends to shareholders, while XBTY's dividend yield for the trailing twelve months is around 240.87%.

Position	TTM	2025
TSLR GraniteShares 2x Long TSLA Daily ETF	0.00%	0.00%
XBTY GraniteShares YieldBOOST Bitcoin ETF	240.87%	102.53%

Frequently Asked Questions

Can I hold both TSLR and XBTY in my portfolio?

TSLR and XBTY have a correlation of 0.38, 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 XBTY?

TSLR has higher volatility (24.40%) compared to XBTY (5.46%). In terms of maximum drawdown, TSLR dropped -82.80% vs XBTY's -45.46%.

Which ETF is better, TSLR or XBTY?

On 1-year performance, TSLR leads with 8.94% vs -36.52% for XBTY. On fees, XBTY is cheaper at 0.99% per year. On volatility, XBTY has been the lower-risk option at 5.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLR or XBTY?

Over the 1-year period, TSLR has performed better with a 8.94% return vs -36.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLR or XBTY?

XBTY is cheaper with a 0.99% expense ratio, compared with 1.50% for TSLR.

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

XBTY has the higher dividend yield at 240.87%, compared with 0.00% for TSLR.

What is the main difference between TSLR and XBTY?

TSLR is categorized as Leveraged Equities, while XBTY is Derivative Income. Their fees differ too: 1.50% for TSLR and 0.99% for XBTY.

Which has better risk-adjusted returns?

TSLR currently has the higher Sharpe Ratio (0.10 vs -1.29), 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.