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TSLR vs TSLT

GraniteShares 2x Long TSLA Daily ETF

TSLRBNasdaq

T-REX 2X Long Tesla Daily Target ETF

TSLTCCboe

Overlap

Expense ratio

TSLR −0.07pt a year

TSLR0.98%TSLT1.05%

Avg volume · 30D

TSLT 1.8×the volume

TSLR1.32MTSLT2.35M

3Y return · a year

TSLR +4.6pt

TSLR−2.4%TSLT−7.0%

TSLR vs TSLT Performance

Oct 31, 2025 – Nov 2, 2026

−42.9%TSLR−45.5%TSLT

Oct 31, 2025 to Nov 2, 2026. TSLR −42.9%. TSLT −45.5%. Use the arrow keys to read each point.−60%−20%0%Oct 2025May 2026Nov 2026
Expense ratio
TSLR 0.98%, better
TSLT 1.05%
Fund size
TSLR $79M
TSLT $170M
1Y total return
TSLR −42.9%, better
TSLT −45.5%
Holdings
TSLR 2
TSLT 4
Avg volume (30D)
TSLR 1.32M sh
TSLT 2.35M sh, better
NAV per share
TSLR $19.42
TSLT $15.63
52W range

ETF.net Grade

TSLR: Cost 51, Risk 37, Mission 95, Tradability 75, Holdings not scored, Durability 63. TSLT: Cost 18, Risk 31, Mission 94, Tradability 48, Holdings not scored, Durability 61.
Pillar letters and Scores for TSLR, TSLT, with each pillar’s weight
PillarTSLRTSLT
Cost30% weightC51HigherF18
Mission25% weightA95HigherA94
Risk15% weightD37HigherD31
Tradability15% weightA75HigherC48
Holdings10% weightNot scoredNot scored
Durability5% weightB63HigherB61

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. TSLR 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 ›

TSLR ranks 3rd 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

TSLRBGraniteShares 2x Long TSLA Daily ETF

TSLTCT-REX 2X Long Tesla Daily Target ETF

In short

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.

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

TSLR The Fund seeks daily investment results equal to twice the daily percentage change of Tesla Inc.'s common stock, before fees and expenses.

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

  • 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.
  • 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

  • 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.
  • 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 TSLR profile⁠

Full TSLT profile⁠

TSLR 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.

TSLR vs TSLT Cost

Overpaying TSLT vs TSLR

$1,133

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

  • TSLR 0.98%

    $18,362

  • TSLT 1.05%

    $19,495

$10,000
30 years

Cost over time

  • TSLR 0.98%
  • 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$20K051015202530TSLT $19,495TSLR $18,362

Year by year

YearTSLRTSLTOverpaying
10$1,729$1,847$118
20$6,504$6,927$423
30$18,362$19,495$1,133

Expense ratio

  • 0.98%TSLR, cheaper
  • 1.05%TSLT
  • Middle half of 2x Long Tesla (TSLA) funds
  • Median 0.97%

TSLR 6th cheapest of 10 funds

TSLT 9th cheapest of 10 funds

TSLR vs TSLT Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
TSLR None
TSLT None

Distribution history

TSLRAll TSLR payments⁠

No distribution history available.

TSLTAll TSLT payments⁠

No distribution history available.

TSLR vs TSLT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TSLR 104.8%, betterTSLT 105.3%
Return per unit of riskSharpe ratio, 3 years
TSLR 0.46, betterTSLT 0.43
Worst fallMax drawdown, 5 years
TSLR −82.8%since Aug 2023TSLT −83.2%since Oct 2023
Market sensitivityBeta, 5 years
TSLR 3.45TSLT 3.68

Popular comparisons

  • TSLRBvsTSLLA

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

    Expense ratio
    0.98% · 0.83%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSLTCvsTSLLA

    T-REX 2X Long Tesla Daily Target ETF · Direxion Daily TSLA Bull 2X ETF

    Expense ratio
    1.05% · 0.83%
    Category
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  • TSLRBvsTSLGA

    GraniteShares 2x Long TSLA Daily ETF · Leverage Shares 2X Long TSLA Daily ETF

    Expense ratio
    0.98% · 0.80%
    Category
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  • TSLTCvsTSLGA

    T-REX 2X Long Tesla Daily Target ETF · Leverage Shares 2X Long TSLA Daily ETF

    Expense ratio
    1.05% · 0.80%
    Category
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  • TSLRBvsTSLC

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    Expense ratio
    0.98% · 1.18%
    Category
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  • TSLTCvsTSLC

    T-REX 2X Long Tesla Daily Target ETF · GraniteShares 1.25x Long Tsla Daily ETF

    Expense ratio
    1.05% · 1.18%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.