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TESC vs TSLG: which held to its multiple?

Over the days both have traded, TESC finished 4.4 points from its stated multiple and TSLG 4.2. Corgi TSLA 2x Daily ETF and Leverage Shares 2X Long TSLA Daily ETF.

−37.5%
TESC returned, 3 months
−37.4%
TSLG returned, 3 months
−4.4 pts
TESC from its stated multiple
−4.2 pts
TSLG from its stated multiple
TESC · 3 months to Sep 30, 20264.4 pts short of its stated multiple
4.4 pts short of its stated multipleTESC returned −37.5% while 2 times TSLA's move would have been −33.1%TSLA −16.6% ×2 implies−33.1%TESC returned−37.5%4.4 pts short of its stated multipleTESC returned −37.5% while 2 times TSLA's move would have been −33.1%TSLA −16.6% ×2 implies−33.1%TESC returned−37.5%

TESC returned −37.5% while 2 times TSLA's move would have been −33.1%

TSLG · 3 months to Sep 30, 20264.2 pts short of its stated multiple
4.2 pts short of its stated multipleTSLG returned −37.4% while 2 times TSLA's move would have been −33.1%TSLA −16.6% ×2 implies−33.1%TSLG returned−37.4%4.2 pts short of its stated multipleTSLG returned −37.4% while 2 times TSLA's move would have been −33.1%TSLA −16.6% ×2 implies−33.1%TSLG returned−37.4%

TSLG returned −37.4% while 2 times TSLA's move would have been −33.1%

ETFIQ Decay Resistance Score · TSLG scores higherDid it keep up with its own daily multiple, compounded day by day?
0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

Total returnMultiple would giveDifference
WindowTESCTSLGTESCTSLGTESCTSLG
1 month−9.3%−9.3%−7.1%−7.1%−2.2 pts−2.1 pts
3 months−37.5%−37.4%−33.1%−33.1%−4.4 pts−4.2 pts
6 monthsnot published−28.4%not published−13.9%not published−14.5 pts
1 yearnot published−54.6%not published−40.4%not published−14.2 pts
Since launch
TESC Jun 2026 · TSLG Dec 2024
−36.2%−70.5%−31.3%−37.3%−4.9 pts−33.1 pts

TESC and TSLG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

TESC
Corgi TSLA 2x Daily ETF · Aims to return twice the daily move of Tesla (TSLA)
TSLG
Leverage Shares 2X Long TSLA Daily ETF · Aims to return twice the daily move of Tesla (TSLA)
Issuer Corgi Leverage Shares
Sets out to return +2x +2x
Underlying asset TSLA TSLA
Segment company company
Fund returned, 3 months or since launch −37.5% −37.4%
Underlying returned, over that window −16.6% −16.6%
What the stated multiple implies, over that window −33.1% −33.1%
Difference from stated, over that window −4.4 pts −4.2 pts
Fund returned, 1 year or since launch −36.2% −54.6%
Difference from stated, over that window −4.9 pts −14.2 pts
Underlying volatility 52% 52%
Difference over the days both have traded −4.4 pts −4.2 pts
Expense ratio 0.45% 0.80%
Launched Jun 30, 2026 Dec 13, 2024
Net assets $299,606 $40m

TESC and TSLG on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TESC in plain words

Three months to Sep 30, 2026: TESC returned −37.5% where its own daily promise gave −35.6%, 2.0 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TESC look 4.4 points short. 2.4 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 52% 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.

TSLG in plain words

Three months to Sep 30, 2026: TSLG returned −37.4% where its own daily promise gave −35.6%, 1.8 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TSLG look 4.2 points short. TSLG aims to return +2 times TSLA's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, TESC or TSLG?
Over the window to Sep 30, 2026, TESC finished 4.4 points from what its multiple implies and TSLG finished 4.2 points from its own, so TSLG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TESC and TSLG levered on the same thing?
Yes. Both are levered on Tesla, TESC at +2 times and TSLG at +2 times the daily move.
Which one decays faster, TESC or TSLG?
Decay follows how much the underlying moves about. Over this window TESC’s moved at 52% annualized and TSLG’s at 52%, so TESC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TESC or TSLG 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 TSLG?
TESC charges 0.45% a year and TSLG charges 0.80%, so TESC is cheaper. Fees come from each fund's prospectus.
Other comparisons
TESC vs TSLTESC vs TSLZTESC vs TSDDTESC vs TSLLTSLG vs TSLLTSLG vs TSLQTSLG vs TSLRTSLG vs TSLS
TESC on its own →TSLG on its own →How every figure is computed →Standards and sources →
Where these figures came from
TESC filings on SEC EDGAR ↗TESC prospectus with the expense ratio (SEC) ↗Corgi website ↗TSLG filings on SEC EDGAR ↗TSLG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, TESC against TSLG, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tesc-vs-tslg

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.