TSL vs. IDRV ETF Comparison
Comparison of GraniteShares 1.25x Long Tesla Daily ETF (TSL) to iShares Self-Driving EV and Tech ETF (IDRV)
TSL
GraniteShares 1.25x Long Tesla Daily ETF
TSL Description
TSL is a short-term tactical tool that aims to deliver 1.25x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 1.25x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested
Grade (RS Rating)
Last Trade
$12.59
Average Daily Volume
361,852
1
IDRV
iShares Self-Driving EV and Tech ETF
IDRV Description
The investment seeks to track the investment results of the NYSE® FactSet Global Autonomous Driving and Electric Vehicle Index. The index is composed of equity securities of companies listed in one of 43 developed or emerging market countries that derive a certain specified percentage of their revenue from selected autonomous or electric vehicle-related industries, as defined by IDI. The fund generally will invest at least 90% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index. It is non-diversified.Grade (RS Rating)
Last Trade
$30.75
Average Daily Volume
38,949
24
Performance
| Period | TSL | IDRV |
|---|---|---|
| 30 Days | 23.54% | -8.32% |
| 60 Days | 45.60% | 6.96% |
| 90 Days | 55.14% | 9.33% |
| 12 Months | -21.41% | -8.91% |
1 Overlapping Holdings
| Symbol | Grade | Weight in TSL | Weight in IDRV | Overlap | |
|---|---|---|---|---|---|
| TSLA | A | 117.88% | 5.68% | 5.68% |
TSL Overweight 0 Positions Relative to IDRV
| Symbol | Grade | Weight |
|---|
TSL Underweight 23 Positions Relative to IDRV
| Symbol | Grade | Weight | |
|---|---|---|---|
| XPEV | C | -6.18% | |
| ALTM | C | -5.28% | |
| LI | D | -5.07% | |
| NIO | F | -4.42% | |
| RIVN | F | -3.69% | |
| LCID | F | -2.68% | |
| QS | F | -2.46% | |
| BLBD | F | -1.89% | |
| APTV | F | -1.86% | |
| ALV | F | -0.99% | |
| GNTX | C | -0.87% | |
| CHPT | F | -0.75% | |
| LEA | F | -0.68% | |
| LITE | B | -0.53% | |
| AUR | C | -0.51% | |
| VC | F | -0.31% | |
| ADNT | F | -0.22% | |
| CTS | B | -0.2% | |
| NKLA | F | -0.18% | |
| THRM | D | -0.17% | |
| MEI | F | -0.04% | |
| LAZR | D | -0.03% | |
| SRI | F | -0.02% |
TSL: Top Represented Industries & Keywords
IDRV: Top Represented Industries & Keywords
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