{
 "ticker": "TSL",
 "name": "GraniteShares 1.25x Long TSLA Daily ETF",
 "issuer": "GraniteShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/TSL",
 "html": "https://etfiq.com/funds/TSL",
 "markdown": "https://etfiq.com/funds/TSL.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: TSL returned \u221214.3% where its own daily promise gave \u221213.6%, 0.8 points short.",
 "key_facts": [
  {
   "key": "what_tsla_did",
   "label": "What TSLA did",
   "value": "\u221210.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSL, what TSLA did: \u221210.1%, as of Sep 11, 2026."
  },
  {
   "key": "what_1_25_times_a_day_gives",
   "label": "What +1.25 times a day gives",
   "value": "\u221213.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSL, what +1.25 times a day gives: \u221213.6%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221214.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSL, what the fund returned: \u221214.3%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.8 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSL, the fund itself cost: \u22120.8 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$12m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "TSL, net assets: $12m (source, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Oct 24, 2025",
   "as_of": "2026-09-11",
   "sentence": "TSL, expense ratio: 1.15% (485BPOS XBRL, Oct 24, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+1.25 times the daily move of TSLA, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.42 times, against +1.25 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TSLA",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$12m",
   "source": "source, as filed for Jun 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Oct 24, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 9, 2022",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "56% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+13.9%",
   "TSLA": "+11.6%",
   "+1.25x the move": "+14.5%",
   "Difference": "\u22120.6 pts",
   "TSLA moved about": "50%"
  },
  {
   "window": "3 months",
   "Fund": "\u221214.3%",
   "TSLA": "\u221210.1%",
   "+1.25x the move": "\u221212.6%",
   "Difference": "\u22121.7 pts",
   "TSLA moved about": "56%"
  },
  {
   "window": "6 months",
   "Fund": "\u221211.5%",
   "TSLA": "\u22126.6%",
   "+1.25x the move": "\u22128.2%",
   "Difference": "\u22123.3 pts",
   "TSLA moved about": "51%"
  },
  {
   "window": "1 year",
   "Fund": "\u22127.9%",
   "TSLA": "\u22120.9%",
   "+1.25x the move": "\u22121.1%",
   "Difference": "\u22126.7 pts",
   "TSLA moved about": "47%"
  },
  {
   "window": "3 years",
   "Fund": "+9.3%",
   "TSLA": "+36.6%",
   "+1.25x the move": "+45.8%",
   "Difference": "\u221236.5 pts",
   "TSLA moved about": "58%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221211.4%",
   "TSLA": "+29.0%",
   "+1.25x the move": "+36.2%",
   "Difference": "\u221247.7 pts",
   "TSLA moved about": "58%"
  }
 ],
 "questions": [
  {
   "q": "Did TSL return +1.25 times TSLA?",
   "a": "Over the window to Sep 11, 2026, TSLA moved \u221210.1% and TSL returned \u221214.3%. 1.25 times that move is \u221212.6%, so the fund came out 1.7 points short of it."
  },
  {
   "q": "Why does TSL not return +1.25 times over a year?",
   "a": "Because it resets daily. TSL aims at +1.25 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +1.25 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}