Data as of .
TESC vs TSLR: which held to its multiple?
Over the days both have traded, TESC finished 2.4 points from its stated multiple and TSLR 2.1.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| TESC | TSLR | TESC | TSLR | TESC | TSLR | |
| 1 month | +20.7% | +21.1% | +23.2% | +23.2% | −2.4 pts | −2.1 pts |
| 3 months | not published | −27.7% | not published | −20.2% | not published | −7.5 pts |
| 6 months | not published | −27.7% | not published | −13.2% | not published | −14.5 pts |
| 1 year | not published | −29.7% | not published | −1.8% | not published | −27.9 pts |
| 3 years | not published | −46.8% | not published | +73.2% | not published | −120.1 pts |
| Since launch | −31.6% | −34.0% | −26.2% | +113.4% | −5.4 pts | −147.4 pts |
| TESC Corgi TSLA 2x Daily ETF Aims to return twice the daily move of Tesla (TSLA) | TSLR GraniteShares 2x Long TSLA Daily ETF Aims to return twice the daily move of Tesla (TSLA) | |
|---|---|---|
| Issuer | Corgi | GraniteShares |
| Sets out to return | +2x | +2x |
| On | TSLA | TSLA |
| Segment | company | company |
| Fund returned, 3 months | +20.7% | −27.7% |
| Underlying returned, 3 months | +11.6% | −10.1% |
| What the stated multiple implies, 3 months | +23.2% | −20.2% |
| Difference from stated, 3 months | −2.4 pts | −7.5 pts |
| Fund returned, 1 year or since launch | −31.6% | −29.7% |
| Difference from stated, over that window | −5.4 pts | −27.9 pts |
| Underlying volatility | 50% | 56% |
| Difference over the days both have traded | −2.4 pts | −2.1 pts |
| Expense ratio | 0.45% | 0.95% |
| Launched | Jun 30, 2026 | Aug 22, 2023 |
TESC in plain words
One month to Sep 11, 2026: TESC returned +20.7% where its own daily promise gave +22.0%, 1.2 points short. Read the multiple against the whole window instead and +2 times TSLA's 11.6% implies +23.2%, which makes TESC look 2.4 points short. 1.2 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. TESC aims to return +2 times TSLA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. TSLA moved at 50% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
TSLR in plain words
Three months to Sep 11, 2026: TSLR returned −27.7% where its own daily promise gave −25.7%, 2.0 points short. Read the multiple against the whole window instead and +2 times TSLA's −10.1% implies −20.2%, which makes TSLR look 7.5 points short. 5.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. TSLR aims to return +2 times TSLA's move each day, then resets. TSLA moved at 56% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, TESC or TSLR?
- Over the window to Sep 11, 2026, TESC finished 2.4 points from what its multiple implies and TSLR finished 7.5 points from its own, so TESC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TESC and TSLR levered on the same thing?
- Yes. Both are levered on Tesla, TESC at +2 times and TSLR at +2 times the daily move.
- Which one decays faster, TESC or TSLR?
- Decay follows how much the underlying moves about. Over this window TESC’s moved at 50% annualized and TSLR’s at 56%, so TSLR has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TESC or TSLR for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, TESC or TSLR?
- TESC charges 0.45% a year and TSLR charges 0.95%, so TESC is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, TESC against TSLR, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/TESC-TSLR Free to use with attribution; the underlying files are at Open data.