GraniteShares 1.25x Long Tsla Daily ETF (TSL) Performance
TSL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −25.2% since Dec 31, 2025
- 1 year
- −25.9% total return
- 3 years
- +14.9% a year
- Since first price
- −2.1% a year since 2022
TSL trailing returns vs SPY, QQQ, AGG
| Period | TSL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.0% | −3.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +19.4% | +19.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.0% | −4.0% | +7.8% | +8.4% | −1.5% |
| YTD | −25.2% | −25.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −25.9% | −25.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +51.7%+14.9%/yr | +51.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 9, 2022 | −8.7%−2.1%/yr | −9.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TSL vs SPY
From Aug 9, 2022: TSL grew to $9,129, SPY to $19,539.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TSL returns by calendar year
3 of 3 full years positive. Best 2023 (+113.8%), worst 2025 (+3.5%). 2026 is year to date.
TSL annual returns table
| Year | TSL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −25.2% | −42.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +3.5% | −57.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +64.1% | −52.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +113.8% | −41.1% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TSL largest drawdowns
Now 38.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 15, 2022 | −74.4% | Jan 3, 2023 | Dec 6, 2024 | 5 months | 2.3 years |
| Dec 17, 2024 | −63.3% | Apr 8, 2025 | not yet | 4 months | 1.8 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TSL risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +5.0% | −2.5% |
| Volatility (annualized) | 67.1% | 73.7% |
| Sharpe ratio | 0.33 | 0.26 |
| Sortino ratio | 0.54 | 0.43 |
| Best month | +48.3% | +50.5% |
| Worst month | −33.6% | −43.8% |
| Best 12 months | +135.0% | +135.0% |
| Worst 12 months | −29.5% | −36.9% |
| Positive months | 50% | 47% |
| Beta vs S&P 500 | 2.32 | — |
| Correlation with S&P 500 | 0.43 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TSL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 39 | −36.9% | +17.9% | +135.0% | 62% |
| 3-year (a year) | 15 | −3.5% | +17.7% | +53.7% | 87% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
TSL performance overview
GraniteShares 1.25x Long Tsla Daily ETF (TSL) returned −25.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −2.1% a year, turning $10,000 into about $9,129. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −74.4%, from Aug 15, 2022 to Jan 3, 2023, and it took 1.9 years to get back to the old high. TSL finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+113.8%) and the worst 2025 (+3.5%). Volatility has been 73.7% a year.
Related: TSL chart. See the TSL overview for the latest quote and fund facts.
TSL performance FAQ
What is the TSL return over the past year?
TSL returned −25.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 25.9%.
How much would $10,000 invested in TSL be worth?
$10,000 invested in TSL at its first recorded close on August 9, 2022 would be worth about $9,129 on October 23, 2026 with distributions reinvested.
What was the worst year for TSL?
The worst calendar year was 2025, with a total return of +3.5%. The best was 2023 at +113.8%.
What is the biggest drawdown of TSL?
The largest peak-to-trough decline was −74.4% between August 15, 2022 and January 3, 2023. It recovered to the old high on December 6, 2024, 1.9 years after the bottom.
How volatile is TSL?
Over the past 3 years TSL had an annualized volatility of 67.1% and a Sharpe ratio of 0.33 (excess return over 1–3 month T-bills per unit of risk).