{"url":"https://etfiq.com/compare/leverage/tsl-vs-tsls","section":"compare","title":"TSL vs TSLS: which held to its multiple? | ETFIQ","description":"TSL sets out to return +1.25 times TSLA each day and TSLS -1 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u22122.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, TSL or TSLS?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TSL finished 1.2 points from what its multiple implies and TSLS finished 2.6 points from its own, so TSL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TSL and TSLS levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Tesla, TSL at +1.25 times and TSLS at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TSL or TSLS?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TSL\u2019s moved at 52% annualized and TSLS\u2019s at 52%, so TSL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TSL or TSLS for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, TSL or TSLS?","acceptedAnswer":{"@type":"Answer","text":"TSL charges 1.15% a year and TSLS charges 0.95%, so TSLS is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"TSL vs TSLS","item":"https://etfiq.com/compare/leverage/tsl-vs-tsls"}]},{"@type":"WebPage","name":"TSL vs TSLS: which held to its multiple?","description":"TSL sets out to return +1.25 times TSLA each day and TSLS -1 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u22122.6 pts away.","url":"https://etfiq.com/compare/leverage/tsl-vs-tsls","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, TSL finished 0.7 points short and TSLS 2.1 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TSL and TSLS","description":"TSL sets out to return +1.25 times TSLA each day and TSLS -1 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u22122.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tsl-vs-tsls","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7095,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TSL vs TSLS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TSL vs TSLS: which held to its multiple?\n\n Over three months against its own daily promise, TSL finished 0.7 points short and TSLS 2.1 points over.\n Copy this for sharing \n \n GraniteShares 1.25x Long TSLA Daily ETF and Direxion Daily TSLA Bear 1X ETF.\n\n Download as PDF \n\n \u221221.9% TSL returned, 3 months \n +14.0% TSLS returned, 3 months \n \u22121.2 pts TSL from its stated multiple \n \u22122.6 pts TSLS from its stated multiple \n\n ETFIQ Decay Resistance Score: TSL scores higher\n Did it ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsl-vs-tsls","a":{"ticker":"TSL","name":"GraniteShares 1.25x Long TSLA Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSL returned \u221221.9% where its own daily promise gave \u221221.2%, 0.7 points short.","url":"https://etfiq.com/funds/tsl","key_facts":[{"label":"What TSLA did","value":"\u221216.6%","as_of":"2026-09-30","source":null},{"label":"What 1.25 times a day gives","value":"\u221221.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221221.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"TSLS","name":"Direxion Daily TSLA Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSLS returned +14.0% where its own daily promise gave +11.9%, 2.1 points over.","url":"https://etfiq.com/funds/tsls","key_facts":[{"label":"What TSLA did","value":"\u221216.6%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+11.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+14.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$59m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/tsl-vs-tsls"}