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Launched

GraniteShares 1.25x Long Tsla Daily ETF

TSLNasdaqGraniteSharesCThis 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.

$15.47+0.19 (+1.24%)

At close: Nov 2, 2026, 4:00 PM ET

C54/ 100

Rank 4 of 10 in 2x Long Tesla (TSLA)

C54/100Rank 4 of 10in2x Long Tesla (TSLA)
Intraday session: up, 79 prints from 15.28 to 15.47. Range 15.23 to 15.95. Use the arrow keys to read each point.15.2015.6015.8010 AM12 PM2 PM4 PM
Expense ratio
1.18%*
Fund size
$12M
1Y total return
−19.6%
Yield · Last 12 months
0.00%
Holdings
2
Avg volume · 30D
458K sh
52W range
low $10.73high $21.31
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 1.35%.

The ETF.net TSL Grade

Based on 5 of 6 pillars

C

Score 54 out of 100

Category
2x Long Tesla (TSLA)⁠
Rank
4 of 10
Six-pillar profile for TSL. Scores out of 100: Cost 8, Risk 62, Mission 98, Tradability 65, Holdings not scored, Durability 52. Strongest: Mission (98). Weakest: Cost (8). 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.
    F8 out of 100
    Rank 10 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 1 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 4 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 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

In short

CIn an aisle where 2x is the default, TSL turns the dial down: 1.25x Tesla's daily move, reset every day. Less amplification in both directions, same mechanics.

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

  • The mildest leverage on the Tesla bull shelf: 1.25x the stock's daily move, where TSLL, TSLR and TSLT all double it.graniteshares.com
  • It has stayed close to that 1.25x daily target, which is the entire job of a daily-reset fund.
  • Listed in August 2022, so it carries a multi-year record through some of Tesla's loudest swings.
  • Same GraniteShares plumbing as its 2x sibling TSLR, so the choice here is the dial setting, not the shop.

Worth knowing

  • Costs 1.15% net of a waiver through December 31, 2026 (1.39% gross), above the category median fee.
  • The 2x siblings charge less: TSLR 0.95% net of a waiver through December 31, 2026, TSLL 0.83% net of a waiver through September 1, 2027.
  • Daily reset means compounding takes over past one day, so multi-day results can drift from 1.25x Tesla's move. No distributions paid.

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$8,041
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. TSL $8,041. SPY $11,146. Use the arrow keys to read each point.$6,000$8,000$10,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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−17.3%
1 month+10.7%
3 months+36.2%
1 year−19.6%
3 yearsper year+17.2%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−17.3%
2025+3.5%
2024+64.1%
2023+112.1%
2022−66.4%

Since listing, Aug 9, 2022

TSL in the news

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 Nov 2, 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, 2022No data$0.03
Sep 28, 2022No data$0.03

— Pay date not on file.

$10,000 in TSL 3 years ago paid $4,394 in dividends.

TSL Risk

Risk pillarB62 out of 100Rank 4 of 10 in 2x Long Tesla (TSLA)

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.
65.5%
Annualised · 36 months to Oct 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.
0.54
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

TSL Cost

Compare TSL and TESC

Overpaying vs TESC, cheapest in 2x Long Tesla (TSLA)

$17,388

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TSL 1.18%

    $21,543

  • TESC 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • TSL 1.18%
  • TESC 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530TSL $21,543TESC $4,155

Year by year

YearTSLTESCOverpaying
10$2,065$365$1,700
20$7,697$1,421$6,276
30$21,543$4,155$17,388
How the 1.18% is worked out

Full fee 1.35%− waiver 0.17%= you pay 1.18%

The waiver ends Dec 31, 2027. After that the fee is 1.35% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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