TSLR vs TSLW

TSLRBGraniteShares 2x Long TSLA Daily ETF

TSLWCRoundhill TSLA WeeklyPay 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.

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

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

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

• 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.

• 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

• 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.

• 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 TSLR profile⁠

Full TSLW profile⁠