TSLI vs TSLT: which held to its multiple?
Over the days both have traded, TSLI finished 7.8 points from its stated multiple and TSLT 8.3. ProShares Ultra TSLA and T-REX 2X LONG TESLA DAILY TARGET ETF.
TSLI costs 0.10 points a year less; their one-year returns differ by 1.1 points; TSLT is far larger, $160m against $3m.
| TSLI | TSLT | |
|---|---|---|
| Expense ratio | 0.95% | 1.05% |
| Net assets, TSLI as of Oct 9, 2026 and TSLT as of Oct 8, 2026 | $3m | $160m |
| Total return, 1 year | −45.4% | −46.5% |
| What it tracks | TSLA | TESLA |
| Holdings in common | not published | |
| What its daily multiple gave, 3 months | −17.6% | −17.6% |
| Against its daily multiple, 3 months | 2.5 points short | 3.0 points short |
TSLI returned −20.1% while 2 times TSLA's move would have been −12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
TSLI returned −20.1% while 2 times TSLA's move would have been −12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
TSLT returned −20.6% while 2 times TSLA's move would have been −12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
Figures from Jul 10, 2026 to Oct 9, 2026.
A percentile among the 517 leveraged ETFs, long, over three months. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | TSLI | TSLT | TSLI | TSLT | TSLI | TSLT |
| 1 month | +6.1% | +6.2% | +8.1% | +8.1% | −2.0 pts | −1.9 pts |
| 3 months | −20.1% | −20.6% | −12.3% | −12.3% | −7.8 pts | −8.3 pts |
| 6 months | −0.8% | −1.9% | +19.3% | +19.3% | −20.2 pts | −21.3 pts |
| 1 year | −45.4% | −46.5% | −24.3% | −24.3% | −21.1 pts | −22.2 pts |
| Since launch TSLI Sep 2025 · TSLT Oct 2023 | −17.7% | −28.8% | +20.1% | +147.7% | −37.8 pts | −176.6 pts |
Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
TSLI in plain words
Three months to Oct 9, 2026: TSLI returned −20.1% where its own daily promise gave −17.6%, 2.5 points short. Read the multiple against the whole window instead and 2 times TSLA's −6.2% implies −12.3%, which makes TSLI look 7.8 points short. That 7.8 is two pieces: daily compounding, −5.3 points, which happens to any 2 times fund over the same path, and the fund itself, −2.5 points against its own daily promise. TSLI 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 48% 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 Oct 9, 2026: TSLT returned −20.6% where its own daily promise gave −17.6%, 3.0 points short. Read the multiple against the whole window instead and 2 times TSLA's −6.2% implies −12.3%, which makes TSLT look 8.3 points short. That 8.3 is two pieces: daily compounding, −5.3 points, which happens to any 2 times fund over the same path, and the fund itself, −3.0 points against its own daily promise. TSLT aims to return +2 times TSLA's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, TSLI or TSLT?
- Over the window to Oct 9, 2026, TSLI finished 7.8 points from what its multiple implies and TSLT finished 8.3 points from its own, so TSLI came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TSLI and TSLT levered on the same thing?
- Yes. Both are levered on Tesla, TSLI at +2 times and TSLT at +2 times the daily move.
- Which one decays faster, TSLI or TSLT?
- Decay follows how much the underlying moves about. Over this window TSLI’s moved at 48% annualized and TSLT’s at 48%, so TSLI has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TSLI 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.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
It is a position in a set, not a rating, and neither end of it is a recommendation.
Every figure is an ETFIQ calculation with distributions reinvested.
ETFIQ, TSLI against TSLT, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/tsli-vs-tslt
ETFIQ. (Oct 9, 2026). TSLI against TSLT. Retrieved from https://etfiq.com/compare/leverage/tsli-vs-tslt
[TSLI against TSLT (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/leverage/tsli-vs-tslt)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.