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TSLL vs TSLR

Direxion Daily TSLA Bull 2X ETF

TSLLANasdaq

GraniteShares 2x Long TSLA Daily ETF

TSLRBNasdaq

Overlap

Expense ratio

TSLL −0.15pt a year

TSLL0.83%TSLR0.98%

Avg volume · 30D

TSLL 56.7×the volume

TSLL74.9MTSLR1.32M

3Y return · a year

TSLL +3.9pt

TSLL+5.6%TSLR+1.7%

TSLL vs TSLR Performance

Oct 31, 2025 – Oct 30, 2026

−45.1%TSLL−44.0%TSLR

Oct 31, 2025 to Oct 30, 2026. TSLL −45.1%. TSLR −44.0%. Use the arrow keys to read each point.−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
TSLL 0.83%, better
TSLR 0.98%
Fund size
TSLL $3.8B
TSLR $82M
1Y total return
TSLL −45.1%
TSLR −44.0%, better
Yield (12M)
TSLL 8.65%
TSLR No data
Holdings
TSLL 12
TSLR 2
Avg volume (30D)
TSLL 74.9M sh, better
TSLR 1.32M sh
NAV per share
TSLL $11.39
TSLR $19.78
52W range

ETF.net Grade

TSLL: Cost 74, Risk 44, Mission 90, Tradability 64, Holdings not scored, Durability 80. TSLR: Cost 51, Risk 37, Mission 95, Tradability 75, Holdings not scored, Durability 63.
Pillar letters and Scores for TSLL, TSLR, with each pillar’s weight
PillarTSLLTSLR
Cost30% weightA74HigherC51
Mission25% weightA90A95Higher
Risk15% weightC44HigherD37
Tradability15% weightB64A75Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA80HigherB63

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. TSLL 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 ›

TSLL ranks 1st and TSLR 3rd 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

Our read on each fund

ETF.net Research

TSLLADirexion Daily TSLA Bull 2X ETF

TSLRBGraniteShares 2x Long TSLA Daily ETF

In short

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.

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

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

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

  • 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
  • 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

  • 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.
  • 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 TSLL profile⁠

Full TSLR profile⁠

TSLL 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.

TSLL vs TSLR Cost

Overpaying TSLR vs TSLL

$2,503

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

  • TSLL 0.83%

    $15,859

  • TSLR 0.98%

    $18,362

$10,000
30 years

Cost over time

  • TSLL 0.83%
  • 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$20K051015202530TSLR $18,362TSLL $15,859

Year by year

YearTSLLTSLROverpaying
10$1,474$1,729$255
20$5,581$6,504$923
30$15,859$18,362$2,503

Expense ratio

  • 0.83%TSLL, cheaper
  • 0.98%TSLR
  • Middle half of 2x Long Tesla (TSLA) funds
  • Median 0.97%

TSLL 3rd cheapest of 10 funds

TSLR 6th cheapest of 10 funds

TSLL vs TSLR Dividends

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

Distribution history

Per share, 2022 to 2026, same scale for both

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$0.5020232026YTD
TSLRAll TSLR payments⁠

No distribution history available.

TSLL vs TSLR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TSLL 102.3%, betterTSLR 104.8%
Return per unit of riskSharpe ratio, 3 years
TSLL 0.48, betterTSLR 0.46
Worst fallMax drawdown, 5 years
TSLL −82.9%since Aug 2022TSLR −82.8%since Aug 2023
Market sensitivityBeta, 5 years
TSLL 3.20TSLR 3.59

TSLL and TSLR in the news

All news⁠

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