Which came closer to its stated multiple, TSLG or TSLT?

Over the window to Sep 30, 2026, TSLG finished 4.2 points from what its multiple implies and TSLT finished 4.8 points from its own, so TSLG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TSLG and TSLT levered on the same thing?

Yes. Both are levered on Tesla, TSLG at +2 times and TSLT at +2 times the daily move.

Which one decays faster, TSLG or TSLT?

Decay follows how much the underlying moves about. Over this window TSLG’s moved at 52% annualized and TSLT’s at 52%, so TSLG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold TSLG or TSLT 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, TSLG or TSLT?

TSLG charges 0.80% a year and TSLT charges 1.05%, so TSLG is cheaper. Fees come from each fund's prospectus.

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TSLG vs TSLT: which held to its multiple?

Over the days both have traded, TSLG finished 4.2 points from its stated multiple and TSLT 4.8. Leverage Shares 2X Long TSLA Daily ETF and T-REX 2X LONG TESLA DAILY TARGET ETF.

−37.4%

TSLG returned, 3 months

−37.9%

TSLT returned, 3 months

−4.2 pts

TSLG from its stated multiple

−4.8 pts

TSLT from its stated multiple

TSLG · 3 months to Sep 30, 20264.2 pts short of its stated multiple

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

TSLT · 3 months to Sep 30, 20264.8 pts short of its stated multiple

TSLT returned −37.9% 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?

TSLG 76.9

TSLT 59.5

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 return		Multiple would give		Difference
Window	TSLG	TSLT	TSLG	TSLT	TSLG	TSLT
1 month	−9.3%	−9.3%	−7.1%	−7.1%	−2.1 pts	−2.1 pts
3 months	−37.4%	−37.9%	−33.1%	−33.1%	−4.2 pts	−4.8 pts
6 months	−28.4%	−29.4%	−13.9%	−13.9%	−14.5 pts	−15.6 pts
1 year	−54.6%	−56.1%	−40.4%	−40.4%	−14.2 pts	−15.6 pts
Since launch TSLG Dec 2024 · TSLT Oct 2023	−70.5%	−38.4%	−37.3%	+122.4%	−33.1 pts	−160.8 pts

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

On the same fields

TSLG

Leverage Shares 2X Long TSLA Daily ETF · Aims to return twice the daily move of Tesla (TSLA)

TSLT

T-REX 2X LONG TESLA DAILY TARGET ETF · Aims to return twice the daily move of Tesla (TSLA)

Issuer Leverage Shares T-REX

Sets out to return +2x +2x

Underlying asset TSLA TSLA

Segment company company

Fund returned, 3 months or since launch −37.4% −37.9%

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 −4.2 pts −4.8 pts

Fund returned, 1 year or since launch −54.6% −56.1%

Difference from stated, over that window −14.2 pts −15.6 pts

Underlying volatility 52% 52%

Difference over the days both have traded −4.2 pts −4.8 pts

Expense ratio 0.80% 1.05%

Launched Dec 13, 2024 Oct 19, 2023

Net assets $40m $142m

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

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. 2.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. TSLG 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.

TSLT in plain words

Three months to Sep 30, 2026: TSLT returned −37.9% where its own daily promise gave −35.6%, 2.4 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TSLT look 4.8 points short. TSLT aims to return +2 times TSLA's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, TSLG or TSLT?: Over the window to Sep 30, 2026, TSLG finished 4.2 points from what its multiple implies and TSLT finished 4.8 points from its own, so TSLG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TSLG and TSLT levered on the same thing?: Yes. Both are levered on Tesla, TSLG at +2 times and TSLT at +2 times the daily move.
Which one decays faster, TSLG or TSLT?: Decay follows how much the underlying moves about. Over this window TSLG’s moved at 52% annualized and TSLT’s at 52%, so TSLG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TSLG or TSLT 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, TSLG or TSLT?: TSLG charges 0.80% a year and TSLT charges 1.05%, so TSLG is cheaper. Fees come from each fund's prospectus.

Other comparisons

TSLG vs TSLS TSLG vs TSLR TSLG vs TSLZ TSLG vs TESC TSLT vs TSLZ TSLT vs TESC TSLT vs TSLL TSLT vs TSLQ

TSLG on its own →TSLT on its own →How every figure is computed →Standards and sources →

Where these figures came from

TSLG filings on SEC EDGAR ↗TSLG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗TSLT filings on SEC EDGAR ↗TSLT prospectus with the expense ratio (SEC) ↗T-REX page for TSLT ↗

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

Open data

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