TSL vs. QCLN ETF Comparison
Comparison of GraniteShares 1.25x Long Tesla Daily ETF (TSL) to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
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
$9.97
Average Daily Volume
430,634
1
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ(R) Clean Edge(R) Green Energy Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market capitalization-weighted index in which larger companies receive a larger Index weighting and includes caps to prevent high concentrations among larger alternative energy stocks. The fund is non-diversified.Grade (RS Rating)
Last Trade
$37.57
Average Daily Volume
172,741
49
Performance
| Period | TSL | QCLN |
|---|---|---|
| 30 Days | 52.68% | -0.13% |
| 60 Days | 53.86% | 10.57% |
| 90 Days | 49.48% | 14.89% |
| 12 Months | -51.48% | -31.43% |
1 Overlapping Holdings
| Symbol | Grade | Weight in TSL | Weight in QCLN | Overlap | |
|---|---|---|---|---|---|
| TSLA | C | 117.88% | 9.46% | 9.46% |
TSL Overweight 0 Positions Relative to QCLN
| Symbol | Grade | Weight |
|---|
TSL Underweight 48 Positions Relative to QCLN
| Symbol | Grade | Weight | |
|---|---|---|---|
| ON | D | -7.93% | |
| FSLR | D | -7.85% | |
| ENPH | F | -6.89% | |
| RIVN | C | -5.66% | |
| ALB | F | -5.44% | |
| OLED | B | -4.81% | |
| AYI | D | -3.65% | |
| LCID | D | -3.01% | |
| ALGM | C | -2.67% | |
| ITRI | D | -2.23% | |
| ORA | C | -2.19% | |
| ENS | B | -2.03% | |
| AEIS | C | -1.97% | |
| POWI | D | -1.92% | |
| HASI | C | -1.66% | |
| BE | D | -1.45% | |
| RUN | D | -1.44% | |
| WOLF | F | -1.43% | |
| NEP | D | -1.3% | |
| AY | B | -1.25% | |
| FLNC | F | -1.19% | |
| CWEN | D | -1.05% | |
| MP | F | -1.04% | |
| ASPN | D | -0.92% | |
| PLUG | D | -0.89% | |
| SQM | F | -0.87% | |
| RNW | D | -0.8% | |
| ARRY | F | -0.79% | |
| SEDG | F | -0.71% | |
| VICR | D | -0.54% | |
| SHLS | F | -0.54% | |
| AMRC | D | -0.52% | |
| AMSC | B | -0.44% | |
| MNTK | D | -0.4% | |
| NOVA | D | -0.39% | |
| AMPS | D | -0.33% | |
| CHPT | D | -0.31% | |
| CLNE | F | -0.3% | |
| SPWR | F | -0.26% | |
| LYTS | D | -0.2% | |
| LNZA | F | -0.17% | |
| BLNK | D | -0.14% | |
| FCEL | F | -0.14% | |
| WBX | F | -0.13% | |
| LEV | F | -0.1% | |
| STEM | D | -0.09% | |
| PSNY | F | -0.09% | |
| MAXN | F | -0.03% |
TSL: Top Represented Industries & Keywords
QCLN: Top Represented Industries & Keywords
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