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TSL

GradeCNASDAQ

GraniteShares 1.25x Long Tsla Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2022-08-09

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.

$14.44+0.04 (+0.29%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Aug 9, 2022.
Intraday session: up, 59 prints from 14.39 to 14.44. Range 14.33 to 14.73. Use the arrow keys to read each point.$14.30$14.50$14.60$14.7010 AM12 PM2 PM4 PM
Expense ratio
1.39%
Fund size
$11M
1Y return
−21.1%
Yield · Last 12 months
0.00%
Holdings
2
Volume · 30D
0.6M sh
NAV per share
$14.21
52W range
low $10.73high $21.31

The ETF.net TSL Grade

C

54/ 100

Rank 5 of 10 in 2x Long Tesla (TSLA)⁠

Confidence Medium

Six-pillar profile for TSL. Scores out of 100: Cost 7, Risk 62, Mission 99, Tradability 67, Holdings not scored, Durability 52. Strongest: Mission (99). Weakest: Cost (7). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 54 of 100 sits in the C 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.
    FScore 7
    Category rank10/10 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 99
    Category rank1/6 · top 17%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank3/9 · top 33%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank4/10 · top 40%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank6/10 · mid-pack

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

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 Sep 21, 2026, 4:09 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
TSLA SWAP55.6%

Sectors

  • Consumer Discr.100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TSLA SWAP55.56%38,117$14M3
002—US Dollars44.44%11,163,116$11M85

Showing 1–2 of 2 holdings

TSL Performance

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

TSL$7,891
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. TSL $7,891. SPY $11,723. Use the arrow keys to read each point.$5,430$8,830$12,231Sep 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 TSL. Periods over one year show the average yearly return.
PeriodTSL
Year to date−23.0%
1 month+5.1%
3 months−9.8%
1 year−21.1%
3 years+8.6%per year
5 yearsFund is under 5 years old—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 TSL
YearReturn barTSL
2026 YTD−23.0%
2025+3.5%
2024+64.1%
2023+112.1%
2022−66.4%

Since listing, Aug 9, 2022

TSL in the news

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

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 Sep 22, 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.
67.0%
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.
0.32
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.
−74.4%
49 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.