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Launched

GraniteShares 2x Long TSLA Daily ETF

TSLRNasdaqGraniteSharesBThis 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.

$19.79+0.37 (+1.91%)

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

B65/ 100

Rank 3 of 10 in 2x Long Tesla (TSLA)

B65/100Rank 3 of 10in2x Long Tesla (TSLA)
Intraday session: up, 79 prints from 19.42 to 19.79. Range 19.36 to 20.80. Use the arrow keys to read each point.20.0020.2520.5020.7510 AM12 PM2 PM4 PM
Expense ratio
0.98%*
Fund size
$82M
1Y total return
−44.0%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
1.32M sh
52W range
low $11.51high $39.54
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 1.05%.

The ETF.net TSLR Grade

Based on 5 of 6 pillars

B

Score 65 out of 100

Category
2x Long Tesla (TSLA)⁠
Rank
3 of 10
Six-pillar profile for TSLR. Scores out of 100: Cost 51, Risk 37, Mission 95, Tradability 75, Holdings not scored, Durability 63. Strongest: Mission (95). Weakest: Risk (37). Based on 5 of 6 pillars.

Score 65 of 100 falls in the B 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.
    C51 out of 100
    Rank 5 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 2 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 8 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 2 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.
    B63 out of 100
    Rank 3 of 10

Our read on TSLR

ETF.net Research

In short

BTesla, doubled, for a single day. TSLR aims for 2x TSLA's daily move through swaps, resets every night, and charges 0.95% net of a waiver through December 31, 2026.

Stated mandate

The Fund seeks daily investment results equal to twice the daily percentage change of Tesla Inc.'s common stock, before fees and expenses.

Why people hold it

  • Clean mechanism: 2x Tesla's daily percentage change via total-return swaps collateralised by cash and short-term Treasuries, rebalanced daily. No index detour.graniteshares.com
  • Since its 2023 launch it has stayed close to its stated 2x daily target, putting it in the upper half of the Tesla-leverage field.
  • GraniteShares runs the whole Tesla dial: 1.25x (TSL), this 2x rung, and a -2x short (TSDD). Same issuer, same swap plumbing.graniteshares.comgraniteshares.com 2
  • Actively traded for a single-stock leveraged fund, which matters when the plan is to be out by the close.

Worth knowing

  • Daily reset: hold past one day and compounding pulls returns away from 2x, most of all in choppy markets. GraniteShares calls it not a buy-and-hold.graniteshares.com
  • Fee is 0.95% net of a waiver through December 31, 2026 (1.05% gross), near the category median. TSLG charges 0.80% and TSLL 0.83% net of a waiver through September 1, 2027.
  • One stock, doubled. An earnings gap or a single headline lands twice as hard, with no other holdings to cushion it.

TSLR Performance

Launched Aug 21, 2023

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.
TSLR$5,600
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. TSLR $5,600. 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 TSLR. Periods over one year show the average yearly return.
PeriodTSLR
Year to date−39.4%
1 month+24.2%
3 months+54.6%
1 year−44.0%
3 yearsper year+1.7%
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 TSLR
YearReturn barTSLR
2026 YTD−39.4%
2025−26.0%
2024+67.6%
2023−2.2%

History from Aug 28, 2023

TSLR in the news

TSLR Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

TSLR Risk

Risk pillarD37 out of 100Rank 8 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.
104.8%
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.
0.46
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.
−82.8%
38 months · trough Apr 2025
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.
3.59
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.

TSLR Cost

Compare TSLR and TESC

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

$14,207

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

  • TSLR 0.98%

    $18,362

  • TESC 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • TSLR 0.98%
  • 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$20K051015202530TSLR $18,362TESC $4,155

Year by year

YearTSLRTESCOverpaying
10$1,729$365$1,364
20$6,504$1,421$5,083
30$18,362$4,155$14,207
How the 0.98% is worked out

Full fee 1.05%− waiver 0.07%= you pay 0.98%

The waiver ends Dec 31, 2027. After that the fee is 1.05% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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