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Launched

ProShares Ultra TSLA

TSLINYSE ArcaProSharesCThis 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.

$21.21+0.40 (+1.91%)

As of Nov 2, 2026, 3:55 PM ET

C40/ 100

Rank 8 of 10 in 2x Long Tesla (TSLA)

C40/100Rank 8 of 10in2x Long Tesla (TSLA)
Intraday session: up, 72 prints from 20.81 to 21.21. Range 20.81 to 22.27. Use the arrow keys to read each point.21.0021.5021.7522.0022.2510 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$4M
1Y total return
−45.5%
Yield · Last 12 months
12.36%
Holdings
1
Avg volume · 30D
18.2K sh
52W range
low $12.50high $46.11
Launched

*After a fee waiver that ends Sep 30, 2027. Without it: 1.95%.

The ETF.net TSLI Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
2x Long Tesla (TSLA)⁠
Rank
8 of 10
Six-pillar profile for TSLI. Scores out of 100: Cost 65, Risk 39, Mission 92, Tradability 38, Holdings not scored, Durability 41. Strongest: Mission (92). Weakest: Tradability (38). Based on 5 of 6 pillars.

Score 40 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.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
62
This cap took
−22
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B65 out of 100
    Rank 4 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 4 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 7 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D38 out of 100
    Rank 8 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.
    C41 out of 100
    Rank 8 of 10

Our read on TSLI

ETF.net Research

In short

CThe leveraged-ETF old guard, late to the Tesla party. ProShares has been running daily-reset funds since 2006, and TSLI, launched in 2025, is one of the newest of roughly ten funds chasing twice TSLA's daily move.

Stated mandate

The fund seeks daily results, before fees and expenses, equal to twice the daily performance of Tesla common stock.

Why people hold it

  • Aims to deliver twice Tesla's daily move, before fees, built by a shop that has specialized in leveraged and inverse ETFs since 2006.proshares.comwikipedia.org
  • Day to day it has stayed close to its stated 2x target. The engine does what the label says.
  • Charges 0.95% net of a waiver through September 30, 2027, in line with the typical Tesla 2x fund. The gross fee is 1.95%.

Worth knowing

  • The 2x target resets every day, so over longer holds compounding can pull results away from twice Tesla's return, especially in choppy stretches.
  • Smaller and less traded than the established names in this aisle, which can show up as wider spreads getting in and out.
  • Cheaper twins chase the same 2x TSLA daily target: TSLG at 0.80% and TSLL at 0.83% net of a waiver through September 1, 2027.

TSLI Performance

Launched Sep 8, 2025

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.Not enough history yet.
TSLI$5,446
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TSLI $5,446. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 TSLI. Periods over one year show the average yearly return.
PeriodTSLI
Year to date−40.4%
1 month+23.7%
3 months+53.5%
1 year−45.5%
3 yearsFund is under 3 years oldper yearNo data
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 TSLI
YearReturn barTSLI
2026 YTD−40.4%
2025+47.9%

History from Sep 10, 2025

TSLI in the news

TSLI 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 30, 2026.
12.36%Last 12 months
Payout per share
$2.57Last 12 months
Last payment
$0.10 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. 5 payments from 2022 to 2026 YTD. Dec 28, 2022 $4.74; Dec 24, 2025 $2.19; Mar 25, 2026 $0.17; Jun 24, 2026 $0.10; Sep 23, 2026 $0.10. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.10
Jun 24, 2026Jun 30, 2026$0.10
Mar 25, 2026Mar 31, 2026$0.17
Dec 24, 2025Dec 31, 2025$2.19
Dec 28, 2022Dec 30, 2022$4.74

$10,000 in TSLI 1 year ago paid $628 in dividends.

TSLI Risk

Risk pillarD39 out of 100Rank 7 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.
77.6%
Annualised · 13 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.
−0.34
vs 3-month T-bills · 13 months 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.
−70.3%
13 months · trough Jul 2026
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.
2.43
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.

TSLI Cost

Compare TSLI and TESC

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

$13,714

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

  • TSLI 0.95%

    $17,869

  • TESC 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • TSLI 0.95%
  • 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$20K051015202530TSLI $17,869TESC $4,155

Year by year

YearTSLITESCOverpaying
10$1,678$365$1,313
20$6,322$1,421$4,901
30$17,869$4,155$13,714
How the 0.95% is worked out

Full fee 1.95%− waiver 1.00%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.95% unless ProShares renews it. Source: prospectus, Sep 2026.

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