Which came closer to its stated multiple, TSLQ or TSLR?

Over the window to Sep 30, 2026, TSLQ finished 13.5 points from what its multiple implies and TSLR finished 4.1 points from its own, so TSLR came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TSLQ and TSLR levered on the same thing?

Yes. Both are levered on Tesla, TSLQ at -2 times and TSLR at +2 times the daily move.

Which one decays faster, TSLQ or TSLR?

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

Can I hold TSLQ or TSLR 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, TSLQ or TSLR?

TSLQ charges 1.15% a year and TSLR charges 0.95%, so TSLR is cheaper. Fees come from each fund's prospectus.

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TSLQ vs TSLR: which held to its multiple?

Over three months against its own daily promise, TSLQ finished 2.4 points over and TSLR 1.7 points short. Tradr 2X Short TSLA Daily ETF and GraniteShares 2x Long TSLA Daily ETF.

+19.7%

TSLQ returned, 3 months

−37.3%

TSLR returned, 3 months

−13.5 pts

TSLQ from its stated multiple

−4.1 pts

TSLR from its stated multiple

TSLQ · 3 months to Sep 30, 202613.5 pts short of its stated multiple

TSLQ returned +19.7% while −2 times TSLA's move would have been +33.1%

TSLR · 3 months to Sep 30, 20264.1 pts short of its stated multiple

TSLR returned −37.3% while 2 times TSLA's move would have been −33.1%

ETFIQ Decay Resistance Score · TSLR scores higherDid it keep up with its own daily multiple, compounded day by day?

TSLQ among the 125 inverse ETFs over three months

TSLQ 70.8

0.4, the lowest in this set99.6, the highest

TSLR among the 470 leveraged ETFs, long, over three months

TSLR 79.6

0.1, the lowest in this set99.9, the highest

A percentile among the 125 inverse ETFs over three months. TSLR is a percentile among the 470 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. 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	TSLQ	TSLR	TSLQ	TSLR	TSLQ	TSLR
1 month	+4.0%	−9.2%	+7.1%	−7.1%	−3.2 pts	−2.0 pts
3 months	+19.7%	−37.3%	+33.1%	−33.1%	−13.5 pts	−4.1 pts
6 months	−16.8%	−28.0%	+13.9%	−13.9%	−30.7 pts	−14.2 pts
1 year	−9.7%	−54.0%	+40.4%	−40.4%	−50.1 pts	−13.6 pts
3 years	−95.5%	−43.7%	−83.6%	+83.6%	−11.9 pts	−127.3 pts
Since launch TSLQ Jul 2022 · TSLR Aug 2023	−97.0%	−38.4%	−97.8%	+104.3%	+0.8 pts	−142.7 pts

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

On the same fields

TSLQ

Tradr 2X Short TSLA Daily ETF · Aims to return twice the opposite of the daily move of Tesla (TSLA)

TSLR

GraniteShares 2x Long TSLA Daily ETF · Aims to return twice the daily move of Tesla (TSLA)

Issuer Tradr GraniteShares

Sets out to return -2x +2x

Underlying asset TSLA TSLA

Segment company company

Fund returned, 3 months or since launch +19.7% −37.3%

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 −13.5 pts −4.1 pts

Fund returned, 1 year or since launch −9.7% −54.0%

Difference from stated, over that window −50.1 pts −13.6 pts

Underlying volatility 52% 52%

Difference over the days both have traded −13.5 pts −4.1 pts

Expense ratio 1.15% 0.95%

Launched Jul 14, 2022 Aug 22, 2023

Net assets $90m $72m

TSLQ and TSLR on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TSLQ in plain words

Three months to Sep 30, 2026: TSLQ returned +19.7% where its own daily promise gave +17.3%, 2.4 points over. Read the multiple against the whole window instead and −2 times TSLA's −16.6% implies +33.1%, which makes TSLQ look 13.5 points short. 15.8 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. TSLQ 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.

TSLR in plain words

Three months to Sep 30, 2026: TSLR returned −37.3% where its own daily promise gave −35.6%, 1.7 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TSLR look 4.1 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. TSLR 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, TSLQ or TSLR?: Over the window to Sep 30, 2026, TSLQ finished 13.5 points from what its multiple implies and TSLR finished 4.1 points from its own, so TSLR came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TSLQ and TSLR levered on the same thing?: Yes. Both are levered on Tesla, TSLQ at -2 times and TSLR at +2 times the daily move.
Which one decays faster, TSLQ or TSLR?: Decay follows how much the underlying moves about. Over this window TSLQ’s moved at 52% annualized and TSLR’s at 52%, so TSLQ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TSLQ or TSLR 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, TSLQ or TSLR?: TSLQ charges 1.15% a year and TSLR charges 0.95%, so TSLR is cheaper. Fees come from each fund's prospectus.

Other comparisons

TSLQ vs TESC TSLQ vs TSDD TSLQ vs TSLS TSLQ vs TSL TSLR vs TESC TSLR vs TSDD TSLR vs TSLS TSLR vs TSLT

TSLQ on its own →TSLR on its own →How every figure is computed →Standards and sources →

Where these figures came from

TSLQ filings on SEC EDGAR ↗TSLQ prospectus with the expense ratio (SEC) ↗Tradr website ↗TSLR filings on SEC EDGAR ↗TSLR prospectus with the expense ratio (SEC) ↗GraniteShares page for TSLR ↗

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, TSLQ against TSLR, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tslq-vs-tslr

Open data

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