{
 "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": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: TSL returned \u221221.9% where its own daily promise gave \u221221.2%, 0.7 points short.",
 "key_facts": [
  {
   "key": "what_tsla_did",
   "label": "What TSLA did",
   "value": "\u221216.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "TSL, what TSLA did: \u221216.6%, as of Sep 30, 2026."
  },
  {
   "key": "what_1_25_times_a_day_gives",
   "label": "What 1.25 times a day gives",
   "value": "\u221221.2%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "TSL, what 1.25 times a day gives: \u221221.2%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221221.9%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "TSL, what the fund returned: \u221221.9%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.7 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "TSL, the fund itself cost: \u22120.7 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$11m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "TSL, net assets: $11m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.15%",
   "source": "485BPOS XBRL, Oct 24, 2025",
   "as_of": "2026-09-30",
   "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": "+1.32 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": "$11m",
   "source": "issuer page, as of Sep 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": "52% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22125.0%",
   "TSLA": "\u22123.6%",
   "+1.25x the move": "\u22124.5%",
   "Difference": "\u22120.5 pts",
   "TSLA moved about": "40%"
  },
  {
   "window": "3 months",
   "Fund": "\u221221.9%",
   "TSLA": "\u221216.6%",
   "+1.25x the move": "\u221220.7%",
   "Difference": "\u22121.2 pts",
   "TSLA moved about": "52%"
  },
  {
   "window": "6 months",
   "Fund": "\u221211.9%",
   "TSLA": "\u22126.9%",
   "+1.25x the move": "\u22128.7%",
   "Difference": "\u22123.2 pts",
   "TSLA moved about": "50%"
  },
  {
   "window": "1 year",
   "Fund": "\u221229.5%",
   "TSLA": "\u221220.2%",
   "+1.25x the move": "\u221225.3%",
   "Difference": "\u22124.3 pts",
   "TSLA moved about": "46%"
  },
  {
   "window": "3 years",
   "Fund": "+14.7%",
   "TSLA": "+41.8%",
   "+1.25x the move": "+52.3%",
   "Difference": "\u221237.6 pts",
   "TSLA moved about": "58%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221214.9%",
   "TSLA": "+25.2%",
   "+1.25x the move": "+31.5%",
   "Difference": "\u221246.4 pts",
   "TSLA moved about": "58%"
  }
 ],
 "questions": [
  {
   "q": "Did TSL return +1.25 times TSLA?",
   "a": "Over the window to Sep 30, 2026, TSLA moved \u221216.6% and TSL returned \u221221.9%. 1.25 times that move is \u221220.7%, so the fund came out 1.2 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": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}