TSL vs. FNGO ETF Comparison

Comparison of GraniteShares 1.25x Long Tesla Daily ETF (TSL) to MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 (FNGO)

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

$6.65

Average Daily Volume

226,496

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNGO

MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038

FNGO Description

The investment seeks to approximate the returns that might be available to investors through a leveraged ¿long¿ investment in the NYSE FANG+¿ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$59.27

Average Daily Volume

29,369

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TSL	FNGO
30 Days	-4.73%	-0.26%
60 Days	-4.59%	4.48%
90 Days	-16.46%	1.62%
12 Months	-42.07%	123.68%

1 Overlapping Holdings

	Symbol	Grade	Weight in TSL	Weight in FNGO	Overlap
	TSLA	D	124.92%	11.71%	11.71%

TSL Overweight 0 Positions Relative to FNGO

	Symbol	Grade	Weight

TSL Underweight 9 Positions Relative to FNGO

Symbol	Grade	Weight
META	D	-12.53%
NVDA	B	-10.66%
AMD	D	-10.03%
NFLX	C	-9.65%
AAPL	B	-9.39%
AMZN	A	-9.35%
SNOW	F	-9.1%
MSFT	D	-8.84%
GOOGL	B	-8.74%

TSL: Top Represented Industries & Keywords

Industries: Auto Manufacturers

Keywords: Automotive Manufacturers Cars Charging Station Electric Vehicle Motor Vehicles Nasdaq 100 Powertrain Powertrain Systems S&P 500 Transport