TSL vs. GRID ETF Comparison
Comparison of GraniteShares 1.25x Long Tesla Daily ETF (TSL) to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID)
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
$6.74
Average Daily Volume
234,050
1
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID 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 OMX(R) Clean Edge(R) Smart Grid Infrastructure Index(SM). The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index is designed to act as a transparent and liquid benchmark for the grid and electric energy infrastructure sector. The fund is non-diversified.Grade (RS Rating)
Last Trade
$121.53
Average Daily Volume
90,278
45
Performance
| Period | TSL | GRID |
|---|---|---|
| 30 Days | 8.53% | 9.42% |
| 60 Days | 5.81% | 8.65% |
| 90 Days | -18.80% | 14.88% |
| 12 Months | -40.35% | 27.38% |
1 Overlapping Holdings
| Symbol | Grade | Weight in TSL | Weight in GRID | Overlap | |
|---|---|---|---|---|---|
| TSLA | D | 114.29% | 1.61% | 1.61% |
TSL Overweight 0 Positions Relative to GRID
| Symbol | Grade | Weight |
|---|
TSL Underweight 44 Positions Relative to GRID
| Symbol | Grade | Weight | |
|---|---|---|---|
| ETN | B | -8.5% | |
| ABBV | D | -8.24% | |
| JCI | B | -7.38% | |
| PWR | A | -4.08% | |
| APTV | C | -3.89% | |
| HUBB | C | -3.6% | |
| ENPH | F | -2.53% | |
| NVT | B | -2.17% | |
| NVDA | B | -2.12% | |
| QCOM | A | -1.43% | |
| ORCL | D | -1.4% | |
| CSCO | D | -1.37% | |
| GE | C | -1.2% | |
| TXN | A | -1.18% | |
| IBM | D | -1.1% | |
| HON | C | -0.97% | |
| ATKR | D | -0.95% | |
| ITRI | B | -0.74% | |
| ADI | A | -0.72% | |
| SEDG | F | -0.52% | |
| AEIS | B | -0.51% | |
| EMR | B | -0.48% | |
| NXPI | A | -0.41% | |
| MYRG | D | -0.39% | |
| GEV | C | -0.29% | |
| FLNC | D | -0.18% | |
| TRMB | D | -0.09% | |
| AES | B | -0.08% | |
| WLDN | B | -0.08% | |
| AMSC | B | -0.08% | |
| GNRC | B | -0.06% | |
| PLPC | C | -0.06% | |
| WCC | B | -0.05% | |
| LFUS | B | -0.04% | |
| MTZ | B | -0.04% | |
| BDC | B | -0.03% | |
| ENS | B | -0.03% | |
| ACA | A | -0.03% | |
| VMI | B | -0.03% | |
| ESE | C | -0.02% | |
| STM | D | -0.02% | |
| DGII | F | -0.01% | |
| AZZ | C | -0.01% | |
| EBR | F | -0.0% |
TSL: Top Represented Industries & Keywords
GRID: Top Represented Industries & Keywords
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