Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
GraniteShares 2x Long TSLA Daily ETF
BThis 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.
$17.39−0.27 (−1.53%)
- 1.05%
- $80M
- −39.0%
- 1.5M sh
- $17.65
- low $11.51high $39.54
The ETF.net TSLR Grade
B
Score 59 out of 100
- 3 of 10
Score 59 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.D31 out of 100Rank 7 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 2 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D38 out of 100Rank 8 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 2 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 3 of 10
Our read on TSLR
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.
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
- Does 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.
- The 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.
- Actively 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
- One of the more actively traded names in a crowded 2x Tesla field, which matters when your holding period is measured in hours.
Worth knowing
- Daily 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
- TSLL runs the same 2x TSLA mandate for 0.95%, so the cheapest seat in this cohort is a dime of fee away.
- One 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
- Other
- 2
- 100%
- TSLA
Sectors
- Consumer Discretionary100.0%
Geography
- United States100.00%
TSLR Performance
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$6,098
Returns run to the Oct 12, 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.
| Period | TSLR |
|---|---|
| Year to date | −44.8% |
| 1 month | +5.4% |
| 3 months | −21.5% |
| 1 year | −39.0% |
| 3 years | −15.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TSLR |
|---|---|---|
| 2026 YTD | −44.8% | |
| 2025 | −26.0% | |
| 2024 | +67.6% | |
| 2023 | −2.2% |
TSLR in the news
TSLR Dividends
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.
- 106.4%
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.
- 0.28
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.
- −82.8%
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.
- 3.59
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
1.05%
TSLR1.05%
- The middle half of 2x Long Tesla (TSLA) funds
- Median 0.99%
6 of the 10 2x Long Tesla (TSLA) funds charge less.
Other funds in 2x Long Tesla (TSLA)
- ATSLLDirexion Daily TSLA Bull 2X ETFExpense ratio 0.95%1 year return −40.2%
- BTSLGThemes ETF Trust - Leverage Shares 2X Long TSLA Daily ETFExpense ratio 0.75%1 year return −39.8%
- BTESLSimplify Volt TSLA Revolution ETFExpense ratio 0.97%1 year return −28.2%
- CTSLGraniteShares 1.25x Long Tsla Daily ETFExpense ratio 1.39%1 year return −16.1%
- CTSLWRoundhill Investments - TSLA WeeklyPay ETFExpense ratio 0.99%1 year return −16.1%