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TSL vs TSLL

GraniteShares 1.25x Long Tsla Daily ETF

TSLCNasdaq

Direxion Daily TSLA Bull 2X ETF

TSLLANasdaq

Overlap

6.0%by weight

Expense ratio

TSLL −0.35pt a year

TSL1.18%TSLL0.83%

Avg volume · 30D

TSLL 163.5×the volume

TSL458KTSLL74.9M

3Y return · a year

TSL +15.3pt

TSL+20.9%TSLL+5.6%

TSL vs TSLL Performance

Oct 31, 2025 – Oct 30, 2026

−20.6%TSL−45.1%TSLL

Oct 31, 2025 to Oct 30, 2026. TSL −20.6%. TSLL −45.1%. Use the arrow keys to read each point.−60%0%Oct 2025Apr 2026Oct 2026
Expense ratio
TSL 1.18%
TSLL 0.83%, better
Fund size
TSL $12M
TSLL $3.8B
1Y total return
TSL −20.6%, better
TSLL −45.1%
Yield (12M)
TSL 0.00%
TSLL 8.65%, better
Holdings
TSL 2
TSLL 12
Avg volume (30D)
TSL 458K sh
TSLL 74.9M sh, better
NAV per share
TSL $15.46
TSLL $11.39
52W range

ETF.net Grade

TSL: Cost 8, Risk 62, Mission 98, Tradability 65, Holdings not scored, Durability 52. TSLL: Cost 74, Risk 44, Mission 90, Tradability 64, Holdings not scored, Durability 80.
Pillar letters and Scores for TSL, TSLL, with each pillar’s weight
PillarTSLTSLL
Cost30% weightF8A74Higher
Mission25% weightA98HigherA90
Risk15% weightB62HigherC44
Tradability15% weightB65HigherB64
Holdings10% weightNot scoredNot scored
Durability5% weightC52A80Higher

Rank among 2x Long Tesla (TSLA) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TSL and TSLL are both graded against the same 10 2x Long Tesla (TSLA) funds, so their Grades compare head to head.

2x Long Tesla (TSLA)⁠

Category · 10 funds
See all 10 ›

TSLL ranks 1st and TSL 4th of 10 funds in the 2x Long Tesla (TSLA) Category.

  1. Rank 1ATSLLDirexion Daily TSLA Bull 2X ETFScore 72
  2. Rank 2ATSLGLeverage Shares 2X Long TSLA Daily ETFScore 70
  3. Rank 3BTSLRGraniteShares 2x Long TSLA Daily ETFScore 65
  4. Rank 4CTSLGraniteShares 1.25x Long Tsla Daily ETFScore 54
  5. Rank 5CTESLSimplify Volt TSLA Revolution ETFScore 49

Our read on each fund

ETF.net Research

TSLCGraniteShares 1.25x Long Tsla Daily ETF

TSLLADirexion Daily TSLA Bull 2X ETF

In short

TSL In 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.

TSLL Direxion's 2022-vintage Tesla amplifier: it aims for 200% of TSLA's daily move, resetting every close. It began life at 1.5X and stepped up to 2X in 2024. Fee is 0.83% net of a waiver through September 1, 2027.

Stated mandate

TSL The Fund seeks daily leveraged investment results equal to 1.25 times the daily percentage change of Tesla Inc. common stock.

TSLL The fund seeks daily investment results equal to 200% of the performance of its underlying, with correspondingly higher volatility.

Why people hold it

  • TSL 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.
  • TSLL The mandate is plain and the delivery is close to it: 200% of Tesla's move, reset each close. Among the tightest implementations in the 2X Tesla crowd.
  • 0.83% net of a waiver through September 1, 2027: below the category median and under same-target rivals TSLT (1.05%) and TSLR (0.95%, net of a waiver through December 31, 2026).
  • A multi-billion-dollar fund and very actively traded, which matters in a product people hold for hours rather than years.
  • Live since August 2022, with a multi-year record to inspect (including the 2024 step up from 1.5X to 2X) rather than a brand-new ticker.sec.gov

Worth knowing

  • TSL 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.
  • TSLL The 200% target is a daily one. Over longer holds the path drives the outcome, and a choppy stretch can leave you well short of twice Tesla's move for the period.sec.gov
  • One stock, zero diversification. Every Tesla earnings call, delivery number and headline lands here with double the force, up and down.sec.gov
  • That 0.83% is the waived rate; the gross fee is 0.95%, so the cost can step up if the waiver is not renewed past September 1, 2027.

Full TSL profile⁠

Full TSLL profile⁠

TSL vs TSLL Holdings

How TSL and TSLL differ

Overlap by weight

6.0%

Shared holdings make up 55.6% of TSL and 6.0% of TSLL.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings1 in both6.0%
  • Countryby domicile100%
  • Sector1 Sector100%

Sector

Sector weights in TSL and TSLL, widest gap first
SectorMore in TSLMore in TSLL
Consumer DiscretionarySame weight

Country, concentration and asset class

Country by domicile

Country weights in TSL and TSLL, widest gap first
CountryMore in TSLMore in TSLL
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • TSL100.0%
  • TSLL88.8%

Securities held

  • TSL1
  • TSLL3

Asset class

TSL
Leveraged/Inverse
TSLL
Equity

Holdings

  • Only in TSL0
  • In both1
  • Only in TSLL2

Only in TSL

0 securities, 0.0% of TSL by weight

Only in TSLL

2 securities, 13.9% of TSLL by weight

  • Jp Morgan 100 Us Trsy Capital 31637.68%
  • Goldman Finl Sq Trsry Inst 5066.19%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in TSL and TSLL, widest gap first
HoldingMore in TSLMore in TSLL
TslaTSLATSL +49.54 points

All 2 TSL holdings⁠All 12 TSLL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TSL vs TSLL Cost

Overpaying TSL vs TSLL

$5,684

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

  • TSL 1.18%

    $21,543

  • TSLL 0.83%

    $15,859

$10,000
30 years

Cost over time

  • TSL 1.18%
  • TSLL 0.83%
  • 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 $21,543TSLL $15,859

Year by year

YearTSLTSLLOverpaying
10$2,065$1,474$591
20$7,697$5,581$2,116
30$21,543$15,859$5,684

Expense ratio

  • 1.18%TSL
  • 0.83%TSLL, cheaper
  • Middle half of 2x Long Tesla (TSLA) funds
  • Median 0.97%

TSLL 3rd cheapest of 10 funds

TSL 10th cheapest of 10 funds

TSL vs TSLL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TSL 0.00%
TSLL 8.65%, better
Payout (12M)
TSL None
TSLL $0.97
Last payment
TSL No data
TSLL $0.07
Ex-dividend
TSL No data
TSLL Sep 22, 2026
Paid on
TSL No data
TSLL Sep 29, 2026
Frequency
TSL No data
TSLL Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

TSL3 paymentsAll TSL payments⁠
One bar per payment. 3 payments from 2022 to 2026 YTD. Sep 28, 2022 $0.03; Dec 29, 2022 $0.03; Dec 27, 2023 $6.66. Use the arrow keys to read each point.$0$520232026YTD
TSLLQuarterly · 21 paymentsAll TSLL payments⁠
One bar per payment. 21 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.01; Dec 8, 2022 $0.04; Dec 20, 2022 $0.05; Mar 21, 2023 $0.04; Jun 21, 2023 $0.08; Sep 19, 2023 $0.11; Dec 8, 2023 $0.27; Dec 21, 2023 $0.13; Mar 19, 2024 $0.08; Jun 25, 2024 $0.08; Sep 24, 2024 $0.08; Dec 12, 2024 $0.30; Dec 23, 2024 $0.14; Mar 25, 2025 $0.08; Jun 24, 2025 $0.09; Sep 23, 2025 $0.09; Dec 10, 2025 $0.58; Dec 23, 2025 $0.11; Mar 24, 2026 $0.10; Jun 23, 2026 $0.10; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$520232026YTD

TSL vs TSLL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TSL 65.5%, betterTSLL 102.3%
Return per unit of riskSharpe ratio, 3 years
TSL 0.54, betterTSLL 0.48
Worst fallMax drawdown, 5 years
TSL −74.4%since Aug 2022TSLL −82.9%since Aug 2022
Market sensitivityBeta, 5 years
TSL 2.06TSLL 3.20

TSL and TSLL in the news

All news⁠

Popular comparisons

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