ETF Evaluator:
GraniteShares 1.25x Long Tsla Daily ETF (TSL)
Follow This ETF
(as of Aug 18)
Best Performing in Trading--Leveraged Equity Over the Last Year
| 2567.1% | Direxion Daily MU Bull 2X Shares (MUU) |
| 2419.7% | GraniteShares 2x Long MU Daily ETF (MULL) |
| 933.4% | GraniteShares 2x Long INTC Daily ETF (INTW) |
| 476.7% | GraniteShares 2x Long DELL Daily ETF (DLLL) |
| 358.1% | Direxion Daily Semicondct Bull 3X ETF (SOXL) |
Risk
Index
Risk
Index
ETF Details
GraniteShares 1.25x Long Tsla Daily ETF Overview
GraniteShares 1.25x Long Tsla Daily ETF (TSL) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). Graniteshares launched the ETF in 2022.
The investment seeks daily investment results, before fees and expenses, of 1.25 times (125%) the daily percentage change of the common stock of Tesla Inc.
The fund isan actively managed exchange traded fund that attempts to replicate 1.25 times (125%) the daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund will aim to primarily obtain its notional exposure against the underlying stock through swap agreements. It is non-diversified.
About GraniteShares 1.25x Long Tsla Daily ETF (TSL)
There are 2 members of the management team with an average tenure of 2.91 years: Jeff Klearman (2022) and Ryan Dofflemeyer (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 125%. GraniteShares 1.25x Long Tsla Daily ETF has 5 securities in its portfolio. The top 10 holdings constitute 220.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
GraniteShares 1.25x Long Tsla Daily ETF is part of the Other global asset class and is within the Miscellaneous ETF group. GraniteShares 1.25x Long Tsla Daily ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 29.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GraniteShares 1.25x Long Tsla Daily ETF has 70.1% of the portfolio in cash.
Assets Under Management
The fund has $8 million in total assets, which is below the $251 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TSL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GraniteShares 1.25x Long Tsla Daily ETF expense ratio is high compared to funds in the Trading--Leveraged Equity category. GraniteShares 1.25x Long Tsla Daily ETF has an expense ratio of 1.15%, which is 21% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. GraniteShares 1.25x Long Tsla Daily ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 396% for the Trading--Leveraged Equity category.
Recently, in the month of July 2026, GraniteShares 1.25x Long Tsla Daily ETF returned -32.1%, which earned it a grade of D, as the Trading--Leveraged Equity category had an average return of -18.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
GraniteShares 1.25x Long Tsla Daily ETF has a trailing yield of 0.00%, which is below the 5.84% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
GraniteShares 1.25x Long Tsla Daily ETF Grades
Year to date, the ETF has returned -39.4%, 43.2 percentage points worse than the category, which translates into a grade of D. The fund has returned -5.5% over the past year (grade of D) and -3.8% over the past three years (grade of F).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about GraniteShares 1.25x Long Tsla Daily ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
TSL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TSL Return (NAV) | -32.1% | -24.2% | -5.5% | -3.8% | na | na |
| TSL Return (Price) | -32.0% | -23.9% | -5.2% | -3.7% | na | na |
| NAV +/- Price Return | -0.142% | -0.260% | -0.277% | -0.063% | na | na |
| Trading--Leveraged Equity Avg | -18.2% | -10.8% | 47.2% | 18.3% | 6.2% | 9.2% |
| TSL Grade (NAV) | D | D | D | F | na | na |
| +/- Category (NAV) | -13.9% | -13.4% | -52.7% | -22.1% | na | na |
| TSL Tax-Cost Ratio | na | na | 0.0% | 5.2% | na | na |
TSL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TSL Return (NAV) | -39.4% | 3.4% | 64.3% | 112.5% | na | na | na | na | na | na | na |
| TSL Return (Price) | -39.2% | 3.5% | 64.1% | 112.1% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.003% | 0.034% | -0.003% | -0.004% | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 3.8% | 41.3% | 29.5% | 62.2% | -36.7% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| TSL Grade (NAV) | D | D | A | A | na | na | na | na | na | na | na |
| +/- Category | -43.2% | -38.0% | 34.8% | 50.3% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 2.17 |
| R-Squared: | 18% |
| Standard Deviation: | 66.1% |
| Category Risk Index: | 1.25 |
| Category Risk Rating: | High |
| Total Risk Index: | 5.39 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 9 Mil |
| Share Class Assets: | $ 9 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 1.15% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 125% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.0 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Klearman Jeff (2022), Dofflemeyer Ryan (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 5 |
| % in Top 10 Holdings: | 220.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 29.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 70.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Graniteshares |
| Phone Number: | 844-476-8747 |
| Website: | |
| Inception Date: | August 8, 2022 |
Expenses and Fees
| Expense Ratio (%): | 1.15% (Rating: High) |
| Category Average Expense Ratio (%): | 0.95% |
