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TSL vs TSLT

GraniteShares 1.25x Long Tsla Daily ETF

TSLCNasdaq

T-REX 2X Long Tesla Daily Target ETF

TSLTCCboe

Overlap

Expense ratio

TSLT −0.13pt a year

TSL1.18%TSLT1.05%

Avg volume · 30D

TSLT 5.1×the volume

TSL458KTSLT2.35M

3Y return · a year

TSL +24.2pt

TSL+17.2%TSLT−7.0%

TSL vs TSLT Performance

Oct 31, 2025 – Nov 2, 2026

−19.6%TSL−45.5%TSLT

Oct 31, 2025 to Nov 2, 2026. TSL −19.6%. TSLT −45.5%. Use the arrow keys to read each point.−60%0%Oct 2025May 2026Nov 2026
Expense ratio
TSL 1.18%
TSLT 1.05%, better
Fund size
TSL $12M
TSLT $170M
1Y total return
TSL −19.6%, better
TSLT −45.5%
Yield (12M)
TSL 0.00%
TSLT No data
Holdings
TSL 2
TSLT 4
Avg volume (30D)
TSL 458K sh
TSLT 2.35M sh, better
NAV per share
TSL $15.29
TSLT $15.63
52W range

ETF.net Grade

TSL: Cost 8, Risk 62, Mission 98, Tradability 65, Holdings not scored, Durability 52. TSLT: Cost 18, Risk 31, Mission 94, Tradability 48, Holdings not scored, Durability 61.
Pillar letters and Scores for TSL, TSLT, with each pillar’s weight
PillarTSLTSLT
Cost30% weightF8F18Higher
Mission25% weightA98HigherA94
Risk15% weightB62HigherD31
Tradability15% weightB65HigherC48
Holdings10% weightNot scoredNot scored
Durability5% weightC52B61Higher

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 TSLT 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 ›

TSL ranks 4th and TSLT 6th 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
  6. Rank 6CTSLTT-REX 2X Long Tesla Daily Target ETFScore 48
  7. Rank 6CTSLWRoundhill TSLA WeeklyPay ETFScore 48

Our read on each fund

ETF.net Research

TSLCGraniteShares 1.25x Long Tsla Daily ETF

TSLTCT-REX 2X Long Tesla Daily Target 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.

TSLT A 2x daily Tesla trade in an ETF wrapper. TSLT aims to deliver about twice TSLA's move each day, then resets the clock. One of the original single-stock Tesla leverage funds, and a tight take on that job.

Stated mandate

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

TSLT The Fund seeks daily leveraged investment results equal to approximately 2X the daily performance of TSLA and is intended as a short-term trading vehicle.

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.
  • TSLT The mandate is blunt: roughly 2x TSLA's daily move, no index, no stock basket, no manager discretion. The prospectus calls it a short-term trading vehicle.
  • Hitting 2x every single day is engineering, not marketing, and TSLT lands among the tighter implementations in the 2x Tesla group.
  • Actively traded, so getting in and out during market hours is rarely the hard part of the trade.
  • Launched in 2023 as part of the first wave of single-stock leverage funds, and it runs inside a registered 1940 Act fund structure.

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.
  • TSLT Daily reset means compounding math. Hold past one session and the return can drift well away from 2x TSLA's move over that stretch, especially in choppy tape.
  • At 1.05% a year TSLT sits at the median for 2x Tesla funds, while Direxion's TSLL charges 0.95%.
  • One company, doubled. Tesla headline risk (deliveries, Musk, one product launch) arrives at twice the size here, and there is no distribution stream to cushion it.

Full TSL profile⁠

Full TSLT profile⁠

TSL vs TSLT 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 TSLT Cost

Overpaying TSL vs TSLT

$2,048

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

  • TSL 1.18%

    $21,543

  • TSLT 1.05%

    $19,495

$10,000
30 years

Cost over time

  • TSL 1.18%
  • TSLT 1.05%
  • 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 $21,543TSLT $19,495

Year by year

YearTSLTSLTOverpaying
10$2,065$1,847$218
20$7,697$6,927$770
30$21,543$19,495$2,048

Expense ratio

  • 1.18%TSL
  • 1.05%TSLT, cheaper
  • Middle half of 2x Long Tesla (TSLA) funds
  • Median 0.97%

TSLT 9th cheapest of 10 funds

TSL 10th cheapest of 10 funds

TSL vs TSLT Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
TSL 0.00%
TSLT No data
Payout (12M)
TSL None
TSLT 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
TSLTAll TSLT payments⁠

No distribution history available.

TSL vs TSLT 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%, betterTSLT 105.3%
Return per unit of riskSharpe ratio, 3 years
TSL 0.54, betterTSLT 0.43
Worst fallMax drawdown, 5 years
TSL −74.4%since Aug 2022TSLT −83.2%since Oct 2023
Market sensitivityBeta, 5 years
TSL 2.06TSLT 3.68

Popular comparisons

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

    Expense ratio
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