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Launched

GraniteShares 1.25x Long Tsla Daily ETF

TSLNasdaqCThis 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.

$14.16−0.15 (−1.05%)

At close: Oct 13, 2026, 4:00 PM

C54/ 100

Rank 5 of 10 in 2x Long Tesla (TSLA)

C54/100Rank 5 of 10in2x Long Tesla (TSLA)
Intraday session: down, 79 prints from 14.31 to 14.16. Range 14.03 to 14.23. Use the arrow keys to read each point.14.0514.1014.2014.2510 AM12 PM2 PM4 PM
Expense ratio
1.39%
Fund size
$12M
1Y total return
−16.1%
Yield · Last 12 months
0.00%
Holdings
2
Avg volume · 30D
0.6M sh
NAV per share
$14.30
52W range
low $10.73high $21.31
Launched

The ETF.net TSL Grade

Based on 5 of 6 pillars

C

Score 54 out of 100

Category
2x Long Tesla (TSLA)⁠
Rank
5 of 10
Six-pillar profile for TSL. Scores out of 100: Cost 7, Risk 61, Mission 99, Tradability 68, Holdings not scored, Durability 52. Strongest: Mission (99). Weakest: Cost (7). Based on 5 of 6 pillars.

Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F7 out of 100
    Rank 10 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 1 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 3 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 3 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 6 of 10

Our read on TSL

ETF.net Research

CMost of the Tesla leverage shelf reaches for 2x. TSL stays in low gear: 1.25 times Tesla's daily move, reset every day. Same single-stock ride, smaller amplifier.

Stated mandate

The Fund seeks daily leveraged investment results equal to 1.25 times the daily percentage change of Tesla Inc. common stock.

Why people hold it

  1. 01The low-gear choice in a 2x crowd: 1.25x Tesla's daily percentage move, versus the 2x builds from TSLL, TSLR and TSLT. Less amplification in both directions.
  2. 02It hits the number it advertises. Day to day, the fund has tracked its stated 1.25x target closely, which is the whole job of a daily-reset product.
  3. 03Running since 2022 and actively traded, so it has a multi-year record and a working market for getting in and out.
  4. 04Clean, single-purpose plumbing: a 1940 Act fund whose only mandate is Tesla common stock exposure, no options overlay or thematic basket bolted on.

Worth knowing

  1. 01You pay up for the lower gear. The 1.39% expense ratio sits above the typical fund in this group, and GraniteShares' own TSLR charges 1.05% for twice the multiple.
  2. 02The leverage resets daily. Hold past one session and compounding takes over, so results can drift from 1.25x Tesla's move over that stretch, most of all in choppy markets.
  3. 03One stock, no cushion, and no diversification to soften a bad Tesla headline. It's also a smaller fund than the 2x heavyweights and isn't built to pay income.

TSL Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
TSLA55.5%

Sectors

  • Consumer Discretionary100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSLATsla55.54%39,695$15M521
002—US Dollars44.46%12,010,272$12M85

Showing 1–2 of 2 holdings

TSL Performance

Launched Aug 9, 2022

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

Not enough history yet.Not enough history yet.
TSL$8,388
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TSL $8,388. SPY $12,044. Use the arrow keys to read each point.$5,845$9,197$12,549Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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 TSL. Periods over one year show the average yearly return.
PeriodTSL
Year to date−23.5%
1 month+4.0%
3 months−10.6%
1 year−16.1%
3 yearsper year+6.0%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 TSL
YearReturn barTSL
2026 YTD−23.5%
2025+3.5%
2024+64.1%
2023+112.1%
2022−66.4%

Since listing, Aug 9, 2022

TSL in the news

Filtered to TSL · 2x Long Tesla (TSLA) · GraniteShares

TSL 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 Oct 12, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2023

One bar per payment. 3 payments from 2022 to 2023. Sep 28, 2022 $0.03; Dec 29, 2022 $0.03; Dec 27, 2023 $6.66. Use the arrow keys to read each point.20222023
Ex-datePay dateAmount per share
Dec 27, 2023Dec 29, 2023$6.66
Dec 29, 2022Data unavailable$0.03
Sep 28, 2022Data unavailable$0.03

TSL 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.
67.1%
Annualised · 36 months to Sep 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.
0.32
vs 3-month T-bills · to Sep 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.
−74.4%
50 months · trough Jan 2023
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.
2.06
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.

TSL Cost

Expense ratio1.39%
  • The middle half of 2x Long Tesla (TSLA) funds
  • Median 0.99%

Every other 2x Long Tesla (TSLA) fund charges less.

TSL costs $139.00 a year on $10,000. The median 2x Long Tesla (TSLA) fund costs $99.00.

Other funds in 2x Long Tesla (TSLA)

See others