TSL vs. FEPI ETF Comparison
Comparison of GraniteShares 1.25x Long Tesla Daily ETF (TSL) to REX FANG & Innovation Equity Premium Income ETF (FEPI)
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
$7.05
Average Daily Volume
214,108
1
FEPI
REX FANG & Innovation Equity Premium Income ETF
FEPI Description
FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.Grade (RS Rating)
Last Trade
$52.06
Average Daily Volume
113,325
15
Performance
| Period | TSL | FEPI |
|---|---|---|
| 30 Days | 8.80% | -4.07% |
| 60 Days | -15.67% | -4.31% |
| 90 Days | -8.20% | -1.48% |
| 12 Months | -34.90% |
1 Overlapping Holdings
| Symbol | Grade | Weight in TSL | Weight in FEPI | Overlap | |
|---|---|---|---|---|---|
| TSLA | D | 124.92% | 7.59% | 7.59% |
TSL Overweight 0 Positions Relative to FEPI
| Symbol | Grade | Weight |
|---|
TSL: Top Represented Industries & Keywords
FEPI: Top Represented Industries & Keywords
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