TSL +1.25x GraniteShares 1.25x Long TSLA Daily ETF
BULL ETF mild · Issuer GraniteShares · Tracks TSLA · Listed 2022-08-08
Realized vs theoretical +1.25x TSLA
Cumulative return of TSL against a clean +1.25x of TSLA's return over the same window; the red line (right axis) is the gap between them.
Other leveraged products on TSLA
7| Symbol | Factor | Direction | Issuer | Name | Implied AUM | 30d volume | Options |
|---|---|---|---|---|---|---|---|
| TSLL | +2x | BULL | Direxion | Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF | $3.5B | 79,808,373 | ✓ |
| TSLT | +2x | BULL | T-Rex | T-REX 2X Long Tesla Daily Target ETF | $142.1M | 2,346,436 | ✓ |
| TSLR | +2x | BULL | GraniteShares | GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF | $67.9M | 1,505,340 | ✓ |
| TSLG | +2x | BULL | Leverage Shares | Leverage Shares 2X Long TSLA Daily ETF | $39.4M | 53,206,632 | ✓ |
| TSLQ | -2x | BEAR | Tradr | Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF | $109.7M | 5,622,025 | ✓ |
| TSLZ | -2x | BEAR | T-Rex | T-Rex 2X Inverse Tesla Daily Target ETF | $28.5M | 2,397,603 | ✓ |
| TSDD | -2x | BEAR | GraniteShares | GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF | $27.5M | 7,582,741 | ✓ |
How TSL works
TSL targets +1.25x the daily return of TSLA — not the return over longer windows. It rebalances every day, so over weeks and months its result drifts away from +1.25x × the index, usually downward when the market chops around.
The maths: the drag is roughly −½ × N × (N−1) × σ² per period (N = leverage, σ = the index's volatility). For a +1.25x fund on an index with 25% annual volatility that is several percent a year before fees — the red line above is that drag measured.
Short-term trades (a day or a few) are what these funds are built for. Premium sellers like their rich option IV — see the quote page. Multi-day directional bets work in strong trends and get eaten in chop.
Not investment advice.