TSL vs TSLW

TSLCGraniteShares 1.25x Long Tsla Daily ETF

TSLWCRoundhill TSLA WeeklyPay 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.

TSLW The Tesla leverage aisle runs on daily resets and pays nothing. TSLW takes the other road: 1.2x Tesla's calendar-week total return, reset weekly, with a distribution scheduled every week.

Stated mandate

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

TSLW TSLW's primary objective is to pay weekly distributions; its secondary objective is to target calendar-week returns, before fees and expenses, equal to 1.2 times the total return of Tesla common shares.

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.

• TSLW The clock resets on the calendar week, not overnight, so the fund tracks 1.2x Tesla's week-over-week total return rather than compounding a fresh daily multiple every session.roundhillinvestments.comsec.gov
• 1.2x is the lightest leverage on the shelf here. The daily bull peers (TSLL, TSLR, TSLT) all target 2x, so this dials the amplification down rather than up.roundhillinvestments.com
• 0.99% expense ratio, below the median for leveraged Tesla funds, which is unusual for a structure that also runs a weekly payout schedule.

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.

• TSLW The adviser expects all or a significant portion of the weekly distributions to be return of capital. That is your own principal cycling back, not income or profit.sec.gov
• Exposure comes from total return swaps, not Tesla shares, and over stretches longer than a week returns can vary in size and direction from the 1.2x target.sec.gov
• Launched in 2025 and moderately traded, so the record is short and the order book is thinner than the aisle's heaviest names. Spreads deserve a look before you click.

Full TSL profile⁠

Full TSLW profile⁠