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TSLR

GradeBNASDAQ Global Market

GraniteShares 2x Long TSLA Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2023-08-21

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.

$18.04+0.10 (+0.59%)

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

History starts Aug 28, 2023.
Intraday session: up, 59 prints from 17.93 to 18.04. Range 17.84 to 18.65. Use the arrow keys to read each point.$17.80$18.20$18.40$18.6010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$81M
1Y return
−45.1%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
1.6M sh
NAV per share
$17.60
52W range
low $11.51high $39.54

The ETF.net TSLR Grade

B

59/ 100

Rank 3 of 10 in 2x Long Tesla (TSLA)⁠

Confidence Medium

Six-pillar profile for TSLR. Scores out of 100: Cost 31, Risk 38, Mission 95, Tradability 77, Holdings not scored, Durability 62. Strongest: Mission (95). Weakest: Cost (31). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B 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.
    DScore 31
    Category rank7/10 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 95
    Category rank2/6 · top 33%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 38
    Category rank7/9 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 77
    Category rank3/10 · top 30%

  • 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.
    BScore 62
    Category rank3/10 · top 30%

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

Our read on TSLR

ETF.net Research

BTesla with the volume knob turned up. TSLR is an actively managed fund built to move twice as much as TSLA does each day, then reset. It launched in 2023 at 1.75x and later stepped up to the full 2x.

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

  1. 01Does the one job it advertises: day to day it has tracked its 2x TSLA target closely, and it sits in the upper half of the 2x Tesla pack.
  2. 02The 1.05% fee lands right at the median for 2x Tesla funds, so there is no boutique-issuer premium attached to the same daily exposure.
  3. 03Actively managed rather than index-bound: it blends swaps, options and Tesla shares to land near 200% of net assets in exposure by the close.finance.yahoo.comsec.gov
  4. 04One of the more actively traded names in a crowded 2x Tesla field, which matters when your holding period is measured in hours.

Worth knowing

  1. 01Daily reset is math, not malice: hold through a choppy stretch and the result can drift well away from twice TSLA's move over that same stretch.sec.gov
  2. 02TSLL runs the same 2x TSLA mandate for 0.95%, so the cheapest seat in this cohort is a dime of fee away.
  3. 03One stock, doubled. Every Tesla headline hits twice as hard, there is no diversification, and the payoff comes from price alone rather than income.

TSLR Holdings

As of Sep 21, 2026, 4:09 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
TSLA SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TSLA SWAP66.70%420,121$154M3
002—US Dollars33.30%76,823,200$77M85

Showing 1–2 of 2 holdings

TSLR Performance

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

TSLR$5,490
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. TSLR $5,490. SPY $11,723. Use the arrow keys to read each point.$2,888$7,654$12,419Sep 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 TSLR. Periods over one year show the average yearly return.
PeriodTSLR
Year to date−44.0%
1 month+6.4%
3 months−21.9%
1 year−45.1%
3 years−12.5%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 TSLR
YearReturn barTSLR
2026 YTD−44.0%
2025−26.0%
2024+67.6%
2023−2.2%

History from Aug 28, 2023

TSLR in the news

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

TSLR Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

TSLR 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.
106.3%
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.
0.28
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.
−82.8%
36 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.
3.57
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.

TSLR Cost

Expense ratio1.05%
  • The middle half of 2x Long Tesla (TSLA) funds
  • Median 0.99%

6 of the 10 2x Long Tesla (TSLA) funds charge less.

TSLR costs $105.00 a year on $10,000. The median 2x Long Tesla (TSLA) fund costs $99.00.