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TESL

GradeBNew York Stock Exchange Arca

Simplify Volt TSLA Revolution ETF

Leveraged · Single-Stock Leveraged · Simplify · Inception 2020-12-28 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$14.51−0.01 (−0.07%)

As of Sep 23, 2026, 1:51 PM EDT

Intraday session: down, 9 prints from 14.52 to 14.51. Range 14.37 to 14.74. Use the arrow keys to read each point.$14.40$14.60$14.7010 AM12 PM2 PM4 PM
Expense ratio
0.97%
Fund size
$16M
1Y return
−33.3%
Yield · Last 12 months
53.17%
Holdings
40
Volume · 30D
0M sh
NAV per share
$14.37
52W range
low $11.53high $32.84

The ETF.net TESL Grade

B

55/ 100

Rank 4 of 10 in 2x Long Tesla (TSLA)⁠

Confidence Medium

Six-pillar profile for TESL. Scores out of 100: Cost 65, Risk 71, Mission not scored, Tradability 19, Holdings 0, Durability 59. Strongest: Risk (71). Weakest: Holdings (0). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 65
    Category rank4/10 · top 40%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 71
    Category rank1/9 · top 11%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 19
    Category rank9/10 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 0
    Category rank1/1 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank5/10 · top 50%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TESL

ETF.net Research

BMost Tesla funds bolt you to a fixed multiple of yesterday's close. TESL runs a momentum model that dials Tesla exposure between 80%, 100% and 150%, with an options overlay meant to cushion the downside.

Stated mandate

The fund seeks capital appreciation through active investment primarily in Tesla, Inc., using dynamic 80%, 100%, or 150% exposure levels and an options overlay intended to manage downside risk.

Why people hold it

  1. 01The exposure dial moves: a momentum screen sets Tesla exposure at 80%, 100% or 150% rather than locking every session to one multiple.simplify.us
  2. 02A 150% ceiling is milder than the 2x daily Tesla funds, and the options overlay is built to hedge downside rather than amplify every move.simplify.us
  3. 03At 0.97%, it prices below the cohort median and below 2x peers TSLR and TSLT, both at 1.05%.
  4. 04Tesla exposure is assembled from stock, swaps and options, giving the manager more levers than a single swap line.simplify.us

Worth knowing

  1. 01Discretion cuts both ways. There is no published multiple to hold the fund to, and at the 80% setting you capture less than Tesla's move.
  2. 02Leveraged exposure resets daily, so multi-day results compound and can drift from any simple multiple of Tesla's move.
  3. 03A small fund that trades thinly, so bid-ask spreads and order size matter more here than with the heavyweight Tesla products.

TESL Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Stocks
Holdings
40
Top-10 weight
178%
Largest holding
TRS TSLA SOFR +75 03152780.3%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TRS TSLA SOFR +75 03152780.28%33,632$12M1
002—B 12/31/26 Govt40.88%6,345,000$6M27
003TSLATESLA INC USD 0.00124.79%10,385$4M509
004—B 1/28/27 Govt17.34%2,700,000$3M31
005—B 3/11/27 Govt13.74%2,150,000$2M20
006—SPXW US 11/20/26 P7050 Index0.62%20$95K3
007—SPXW US 11/20/26 P6525 Index0.43%31$66K3
008—Cash0.19%28,523$29K104
009—SPXW US 12/18/26 C8250 Index0.11%6$17K6
010—SPXW US 11/30/26 C8250 Index0.08%9$13K6
011—SPXW US 10/16/26 C7860 Index0.08%5$12K6
012—SPXW US 10/16/26 P6350 Index0.07%23$11K3
013—SPXW US 11/20/26 C8150 Index0.06%5$10K6
014—SPXW US 09/21/26 P7500 Index0.06%19$9K6
015—SPXW US 10/16/26 C7900 Index0.06%5$9K6

Showing 1–15 of 22 holdings

TESL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TESL$6,672
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TESL $6,672. SPY $11,723. Use the arrow keys to read each point.$4,781$8,530$12,279Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TESL. Periods over one year show the average yearly return.
PeriodTESL
Year to date−15.8%
1 month+3.6%
3 months−10.6%
1 year−33.3%
3 years+36.3%per year
5 years+12.5%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TESL
YearReturn barTESL
2026 YTD−15.8%
2025+3.7%
2024+152.3%
2023+58.2%
2022−61.1%
2021+18.5%
2020+4.8%

History from Dec 29, 2020

TESL in the news

ETF.net Research hasn’t filed on TESL yet — coverage lands here as it’s written.

TESL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
53.17%Last 12 months
Payout per share
$7.72Last 12 months
Last payment
$6.72 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 6 payments from 2022 to 2026 YTD. Mar 28, 2022 $0.05; Dec 23, 2024 $0.15; Mar 26, 2025 $0.15; Jun 25, 2025 $0.15; Sep 25, 2025 $1.00; Dec 23, 2025 $6.72. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 31, 2025$6.72
Sep 25, 2025Sep 30, 2025$1.00
Jun 25, 2025Jun 30, 2025$0.15
Mar 26, 2025Mar 31, 2025$0.15
Dec 23, 2024Dec 31, 2024$0.15
Mar 28, 2022Mar 31, 2022$0.05

TESL Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
62.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.64
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−69.1%
Trough Dec 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.90
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TESL Cost

Expense ratio0.97%
  • The middle half of 2x Long Tesla (TSLA) funds
  • Median 0.99%

3 of the 10 2x Long Tesla (TSLA) funds charge less.

TESL costs $97.00 a year on $10,000. The median 2x Long Tesla (TSLA) fund costs $99.00.