TSLI vs TSLZ: which held to its multiple?
Over three months against its own daily promise, TSLI finished 2.5 points short and TSLZ 0.7 points over. ProShares Ultra TSLA and T-REX 2X INVERSE TESLA DAILY TARGET ETF.
TSLI costs 0.10 points a year less; their one-year returns differ by 17.4 points; TSLZ is 6.7 times larger.
| TSLI | TSLZ | |
|---|---|---|
| Expense ratio | 0.95% | 1.05% |
| Net assets, TSLI as of Oct 9, 2026 and TSLZ as of Oct 8, 2026 | $3m | $23m |
| Total return, 1 year | −45.4% | −28.0% |
| What it tracks | TSLA | TESLA |
| Holdings in common | not published | |
| What its daily multiple gave, 3 months | −17.6% | −4.5% |
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.
TSLZ returned −3.8% while −2 times TSLA's move would have been +12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
TSLZ returned −3.8% while −2 times TSLA's move would have been +12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
TSLI among the 517 leveraged ETFs, long, over three months
TSLZ among the 128 inverse ETFs over three months
A percentile among the 517 leveraged ETFs, long, over three months. TSLZ is a percentile among the 128 inverse ETFs over three months, a different set, so the two marks are not on one scale. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | TSLI | TSLZ | TSLI | TSLZ | TSLI | TSLZ |
| 1 month | +6.1% | −9.3% | +8.1% | −8.1% | −2.0 pts | −1.2 pts |
| 3 months | −20.1% | −3.8% | −12.3% | +12.3% | −7.8 pts | −16.1 pts |
| 6 months | −0.8% | −41.4% | +19.3% | −19.3% | −20.2 pts | −22.0 pts |
| 1 year | −45.4% | −28.0% | −24.3% | +24.3% | −21.1 pts | −52.2 pts |
| Since launch TSLI Sep 2025 · TSLZ Oct 2023 | −17.7% | −98.3% | +20.1% | not meaningful | −37.8 pts | not meaningful |
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.
TSLZ in plain words
Three months to Oct 9, 2026: TSLZ returned −3.8% where its own daily promise gave −4.5%, 0.7 points over. Read the multiple against the whole window instead and −2 times TSLA's −6.2% implies +12.3%, which makes TSLZ look 16.1 points short. That 16.1 is two pieces: daily compounding, −16.8 points, which happens to any −2 times fund over the same path, and the fund itself, +0.7 points against its own daily promise. TSLZ aims to return -2 times TSLA's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, TSLI or TSLZ?
- Over the window to Oct 9, 2026, TSLI finished 7.8 points from what its multiple implies and TSLZ finished 16.1 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 TSLZ levered on the same thing?
- Yes. Both are levered on Tesla, TSLI at +2 times and TSLZ at -2 times the daily move.
- Which one decays faster, TSLI or TSLZ?
- Decay follows how much the underlying moves about. Over this window TSLI’s moved at 48% annualized and TSLZ’s at 48%, so TSLI has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TSLI or TSLZ 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 TSLZ, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/tsli-vs-tslz
ETFIQ. (Oct 9, 2026). TSLI against TSLZ. Retrieved from https://etfiq.com/compare/leverage/tsli-vs-tslz
[TSLI against TSLZ (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/leverage/tsli-vs-tslz)
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