YTSL.NEO vs. TSL

Last updated Jun 4, 2026

YTSL.NEO (Tesla (TSLA) Yield Shares Purpose ETF) and TSL (GraniteShares 1.25x Long Tsla Daily ETF) are both exchange-traded funds - YTSL.NEO is a Derivative Income fund actively managed by Purpose Investments, while TSL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past 3 years, YTSL.NEO returned 29.91%/yr vs 21.68%/yr for TSL. Their correlation of 0.92 suggests significant overlap in exposure. YTSL.NEO charges 1.65%/yr vs 1.15%/yr for TSL.

Performance

YTSL.NEO vs. TSL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) and GraniteShares 1.25x Long Tsla Daily ETF (TSL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

YTSL.NEO is traded in CAD, while TSL is traded in USD. To make them comparable, the TSL values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, YTSL.NEO achieves a -6.32% return, which is significantly higher than TSL's -8.25% return.

YTSL.NEO

• 1D: 0.00%
• 1M: 8.30%
• YTD: -6.32%
• 6M: 3.70%
• 1Y: 45.68%
• 3Y*: 29.91%
• 5Y*: —
• 10Y*: —

TSL

• 1D: 0.30%
• 1M: 11.55%
• YTD: -8.25%
• 6M: -9.46%
• 1Y: 21.96%
• 3Y*: 21.68%
• 5Y*: —
• 10Y*: —

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

YTSL.NEO vs. TSL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF	-6.32%	27.43%	46.11%	106.56%	-20.20%
TSL GraniteShares 1.25x Long Tsla Daily ETF	-8.25%	-1.26%	78.22%	109.08%	-23.08%

Correlation

The correlation between YTSL.NEO and TSL is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022	0.92

The correlation between YTSL.NEO and TSL has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.

YTSL.NEO vs. TSL - Sectors Allocation Comparison

Sectors	YTSL.NEO	TSL
Consumer Cyclical	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

YTSL.NEO vs. TSL — Risk / Return Rank

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

YTSL.NEO

YTSL.NEO Risk / Return Rank: 30
YTSL.NEO Sharpe Ratio Rank: 26
YTSL.NEO Sortino Ratio Rank: 26
YTSL.NEO Omega Ratio Rank: 28
YTSL.NEO Calmar Ratio Rank: 37
YTSL.NEO Martin Ratio Rank: 32

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.

YTSL.NEO vs. TSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) 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.

	YTSL.NEO	TSL	Difference
Sharpe ratio: Return per unit of total volatility	0.95	0.38	+0.57
Sortino ratio: Return per unit of downside risk	1.46	0.90	+0.55
Omega ratio: Gain probability vs. loss probability	1.19	1.11	+0.08
Calmar ratio: Return relative to maximum drawdown	1.85	0.60	+1.25
Martin ratio: Return relative to average drawdown	4.79	1.34	+3.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YTSL.NEO vs. TSL - Sharpe Ratio Comparison

The current YTSL.NEO Sharpe Ratio is 0.95, which is higher than the TSL Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of YTSL.NEO 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

	YTSL.NEO	TSL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	0.38	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.06	+0.52

Drawdowns

YTSL.NEO vs. TSL - Drawdown Comparison

The maximum YTSL.NEO drawdown since its inception was -58.40%, smaller than the maximum TSL drawdown of -73.65%. Use the drawdown chart below to compare losses from any high point for YTSL.NEO and TSL.

Drawdown Indicators

	YTSL.NEO	TSL	Difference
Max Drawdown Largest peak-to-trough decline	-58.40%	-73.65%	+15.25%
Max Drawdown (1Y) Largest decline over 1 year	-24.81%	-36.55%	+11.74%
Max Drawdown (3Y) Largest decline over 3 years	-58.40%	-63.69%	+5.29%
Current Drawdown Current decline from peak	-7.38%	-27.07%	+19.69%
Average Drawdown Average peak-to-trough decline	-20.48%	-38.55%	+18.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.71%	16.49%	-6.78%

Volatility

YTSL.NEO vs. TSL - Volatility Comparison

The current volatility for Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) is 12.74%, while GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a volatility of 15.36%. This indicates that YTSL.NEO experiences smaller price fluctuations and is considered to be less risky than TSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YTSL.NEO	TSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.74%	15.36%	-2.62%
Volatility (6M) Calculated over the trailing 6-month period	29.33%	33.83%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	48.18%	57.40%	-9.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.86%	72.10%	-10.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.86%	72.10%	-10.24%

YTSL.NEO vs. TSL - Expense Ratio Comparison

YTSL.NEO has a 1.65% expense ratio, which is higher than TSL's 1.15% expense ratio.

Dividends

YTSL.NEO vs. TSL - Dividend Comparison

YTSL.NEO's dividend yield for the trailing twelve months is around 45.63%, while TSL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
TSL GraniteShares 1.25x Long Tsla Daily ETF	0.00%	0.00%	0.00%	60.47%	0.00%
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF	45.63%	36.11%	12.80%	24.07%	1.96%

Frequently Asked Questions

Can I hold both YTSL.NEO and TSL in my portfolio?

YTSL.NEO and TSL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YTSL.NEO or TSL?

On fees, TSL is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YTSL.NEO or TSL?

TSL is cheaper with a 1.15% expense ratio, compared with 1.65% for YTSL.NEO.

What is the main difference between YTSL.NEO and TSL?

YTSL.NEO is categorized as Derivative Income, while TSL is Leveraged Equities. They also come from different issuers: Purpose Investments and GraniteShares. Their fees differ too: 1.65% for YTSL.NEO and 1.15% for TSL.