TSLW vs. TSL

Last updated Jun 4, 2026

TSLW (Roundhill TSLA WeeklyPay™ ETF) and TSL (GraniteShares 1.25x Long Tsla Daily ETF) are both exchange-traded funds - TSLW is a Derivative Income fund actively managed by Roundhill, while TSL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, TSLW returned 20.22% vs 20.41% for TSL. With a 1.00 correlation, they move nearly in lockstep. TSLW charges 0.99%/yr vs 1.15%/yr for TSL.

Performance

TSLW vs. TSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill TSLA WeeklyPay™ ETF (TSLW) and GraniteShares 1.25x Long Tsla Daily ETF (TSL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TSLW having a -9.26% return and TSL slightly lower at -9.40%.

TSLW

• 1D: -0.18%
• 1M: 9.09%
• YTD: -9.26%
• 6M: -9.14%
• 1Y: 20.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSL

• 1D: -0.11%
• 1M: 9.37%
• YTD: -9.40%
• 6M: -9.11%
• 1Y: 20.41%
• 3Y*: 20.28%
• 5Y*: —
• 10Y*: —

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

TSLW vs. TSL - Yearly Performance Comparison

	2026 (YTD)	2025
TSLW Roundhill TSLA WeeklyPay™ ETF	-9.26%	33.77%
TSL GraniteShares 1.25x Long Tsla Daily ETF	-9.40%	33.67%

Correlation

The correlation between TSLW and TSL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025	1.00

The correlation between TSLW and TSL has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

TSLW vs. TSL — Risk / Return Rank

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

TSLW

TSLW Risk / Return Rank: 15
TSLW Sharpe Ratio Rank: 14
TSLW Sortino Ratio Rank: 17
TSLW Omega Ratio Rank: 17
TSLW Calmar Ratio Rank: 16
TSLW Martin Ratio Rank: 15

TSL

TSL Risk / Return Rank: 16
TSL Sharpe Ratio Rank: 14
TSL Sortino Ratio Rank: 17
TSL Omega Ratio Rank: 17
TSL Calmar Ratio Rank: 16
TSL Martin Ratio Rank: 15

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.

TSLW vs. TSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) and GraniteShares 1.25x Long Tsla Daily ETF (TSL). 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.

	TSLW	TSL	Difference
Sharpe ratio: Return per unit of total volatility	0.37	0.35	+0.01
Sortino ratio: Return per unit of downside risk	0.87	0.87	0.00
Omega ratio: Gain probability vs. loss probability	1.11	1.11	0.00
Calmar ratio: Return relative to maximum drawdown	0.57	0.55	+0.01
Martin ratio: Return relative to average drawdown	1.29	1.26	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLW vs. TSL - Sharpe Ratio Comparison

The current TSLW Sharpe Ratio is 0.37, which is comparable to the TSL Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of TSLW and TSL, 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

	TSLW	TSL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.35	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.03	+0.35

Drawdowns

TSLW vs. TSL - Drawdown Comparison

The maximum TSLW drawdown since its inception was -35.80%, smaller than the maximum TSL drawdown of -74.52%. Use the drawdown chart below to compare losses from any high point for TSLW and TSL.

Drawdown Indicators

	TSLW	TSL	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-74.52%	+38.72%
Max Drawdown (1Y) Largest decline over 1 year	-35.80%	-36.98%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-63.30%	—
Current Drawdown Current decline from peak	-18.23%	-24.91%	+6.68%
Average Drawdown Average peak-to-trough decline	-12.88%	-38.71%	+25.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.77%	16.38%	-0.61%

Volatility

TSLW vs. TSL - Volatility Comparison

Roundhill TSLA WeeklyPay™ ETF (TSLW) and GraniteShares 1.25x Long Tsla Daily ETF (TSL) have volatilities of 14.56% and 15.25%, 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.

Volatility by Period

	TSLW	TSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.56%	15.25%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	32.83%	34.12%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	55.52%	57.94%	-2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.52%	73.18%	-17.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.52%	73.18%	-17.66%

TSLW vs. TSL - Expense Ratio Comparison

TSLW has a 0.99% expense ratio, which is lower than TSL's 1.15% expense ratio.

Dividends

TSLW vs. TSL - Dividend Comparison

TSLW's dividend yield for the trailing twelve months is around 84.61%, while TSL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
TSL GraniteShares 1.25x Long Tsla Daily ETF	0.00%	0.00%	0.00%	60.47%
TSLW Roundhill TSLA WeeklyPay™ ETF	84.61%	49.31%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLW and TSL in my portfolio?

With a correlation of 1.00, TSLW and TSL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSLW or TSL?

TSL has higher volatility (15.25%) compared to TSLW (14.56%). In terms of maximum drawdown, TSLW dropped -35.80% vs TSL's -74.52%.

Which ETF is better, TSLW or TSL?

On 1-year performance, TSL leads with 20.41% vs 20.22% for TSLW. On fees, TSLW is cheaper at 0.99% per year. On volatility, TSLW has been the lower-risk option at 14.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLW or TSL?

Over the 1-year period, TSL has performed better with a 20.41% return vs 20.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLW or TSL?

TSLW is cheaper with a 0.99% expense ratio, compared with 1.15% for TSL.

Which ETF pays a higher dividend yield, TSLW or TSL?

TSLW has the higher dividend yield at 84.61%, compared with 0.00% for TSL.

What is the main difference between TSLW and TSL?

TSLW is categorized as Derivative Income, while TSL is Leveraged Equities. They also come from different issuers: Roundhill and GraniteShares. Their fees differ too: 0.99% for TSLW and 1.15% for TSL.

Which has better risk-adjusted returns?

TSLW currently has the higher Sharpe Ratio (0.37 vs 0.35), 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.