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TSL vs TSLR

GraniteShares 1.25x Long Tsla Daily ETF

TSLCNasdaq

GraniteShares 2x Long TSLA Daily ETF

TSLRBNasdaq

Overlap

Expense ratio

TSLR −0.20pt a year

TSL1.18%TSLR0.98%

Avg volume · 30D

TSLR 2.9×the volume

TSL458KTSLR1.32M

3Y return · a year

TSL +19.2pt

TSL+20.9%TSLR+1.7%

TSL vs TSLR Performance

Oct 31, 2025 – Oct 30, 2026

−20.6%TSL−44.0%TSLR

Oct 31, 2025 to Oct 30, 2026. TSL −20.6%. TSLR −44.0%. Use the arrow keys to read each point.−60%0%Oct 2025Apr 2026Oct 2026
Expense ratio
TSL 1.18%
TSLR 0.98%, better
Fund size
TSL $12M
TSLR $82M
1Y total return
TSL −20.6%, better
TSLR −44.0%
Yield (12M)
TSL 0.00%
TSLR No data
Holdings
TSL 2
TSLR 2
Avg volume (30D)
TSL 458K sh
TSLR 1.32M sh, better
NAV per share
TSL $15.46
TSLR $19.78
52W range

ETF.net Grade

TSL: Cost 8, Risk 62, Mission 98, Tradability 65, Holdings not scored, Durability 52. TSLR: Cost 51, Risk 37, Mission 95, Tradability 75, Holdings not scored, Durability 63.
Pillar letters and Scores for TSL, TSLR, with each pillar’s weight
PillarTSLTSLR
Cost30% weightF8C51Higher
Mission25% weightA98HigherA95
Risk15% weightB62HigherD37
Tradability15% weightB65A75Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52B63Higher

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 TSLR 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 ›

TSLR ranks 3rd 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

TSLRBGraniteShares 2x Long TSLA Daily 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.

TSLR Tesla, 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

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

TSLR 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

  • 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.
  • TSLR 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

  • 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.
  • TSLR 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.

Full TSL profile⁠

Full TSLR profile⁠

TSL vs TSLR 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 TSLR Cost

Overpaying TSL vs TSLR

$3,181

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

  • TSL 1.18%

    $21,543

  • TSLR 0.98%

    $18,362

$10,000
30 years

Cost over time

  • TSL 1.18%
  • TSLR 0.98%
  • 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 $21,543TSLR $18,362

Year by year

YearTSLTSLROverpaying
10$2,065$1,729$336
20$7,697$6,504$1,193
30$21,543$18,362$3,181

Expense ratio

  • 1.18%TSL
  • 0.98%TSLR, cheaper
  • Middle half of 2x Long Tesla (TSLA) funds
  • Median 0.97%

TSLR 6th cheapest of 10 funds

TSL 10th cheapest of 10 funds

TSL vs TSLR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TSL 0.00%
TSLR No data
Payout (12M)
TSL None
TSLR None

Distribution history

Per share, 2022 to 2023, same scale for both

TSL3 paymentsAll TSL payments⁠
One bar per payment. 3 payments from 2022 to 2023. Sep 28, 2022 $0.03; Dec 29, 2022 $0.03; Dec 27, 2023 $6.66. Use the arrow keys to read each point.$0$52023
TSLRAll TSLR payments⁠

No distribution history available.

TSL vs TSLR 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%, betterTSLR 104.8%
Return per unit of riskSharpe ratio, 3 years
TSL 0.54, betterTSLR 0.46
Worst fallMax drawdown, 5 years
TSL −74.4%since Aug 2022TSLR −82.8%since Aug 2023
Market sensitivityBeta, 5 years
TSL 2.06TSLR 3.59

Popular comparisons

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    GraniteShares 1.25x Long Tsla Daily ETF · Direxion Daily TSLA Bull 2X ETF

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  • TSLRBvsTESLC

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    Expense ratio
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    Category
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