TSL vs. QTEC ETF Comparison
Comparison of GraniteShares 1.25x Long Tesla Daily ETF (TSL) to First Trust NASDAQ-100- Technology Index Fund (QTEC)
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
$7.09
Average Daily Volume
215,571
1
QTEC
First Trust NASDAQ-100- Technology Index Fund
QTEC 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-100 Technology Sector 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 an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are classified as "technology" according to the Industry Classification Benchmark classification system. The fund is non-diversified.Grade (RS Rating)
Last Trade
$182.75
Average Daily Volume
108,813
41
Performance
| Period | TSL | QTEC |
|---|---|---|
| 30 Days | 7.91% | -3.79% |
| 60 Days | -7.08% | -5.91% |
| 90 Days | -7.68% | -0.33% |
| 12 Months | -34.83% | 51.16% |
0 Overlapping Holdings
| Symbol | Grade | Weight in TSL | Weight in QTEC | Overlap |
|---|
TSL Overweight 1 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| TSLA | D | 124.92% |
TSL Underweight 41 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| MU | B | -3.1% | |
| AVGO | D | -2.74% | |
| DDOG | C | -2.71% | |
| MCHP | A | -2.65% | |
| KLAC | B | -2.64% | |
| ADI | A | -2.64% | |
| MDB | F | -2.64% | |
| PANW | B | -2.63% | |
| NXPI | A | -2.63% | |
| TXN | A | -2.62% | |
| AMAT | C | -2.61% | |
| MRVL | D | -2.6% | |
| PDD | B | -2.59% | |
| LRCX | D | -2.58% | |
| INTU | C | -2.58% | |
| QCOM | A | -2.56% | |
| DASH | D | -2.56% | |
| AAPL | C | -2.54% | |
| ANSS | D | -2.54% | |
| CDW | F | -2.53% | |
| NVDA | C | -2.52% | |
| SNPS | D | -2.5% | |
| MSFT | C | -2.44% | |
| ASML | D | -2.44% | |
| ADBE | D | -2.43% | |
| CRWD | D | -2.43% | |
| FTNT | F | -2.43% | |
| ON | F | -2.39% | |
| CDNS | D | -2.39% | |
| GFS | D | -2.38% | |
| ROP | F | -2.37% | |
| WDAY | D | -2.34% | |
| ZS | D | -2.33% | |
| TEAM | F | -2.3% | |
| META | D | -2.26% | |
| CTSH | F | -2.23% | |
| ADSK | D | -2.15% | |
| AMD | D | -2.12% | |
| INTC | F | -1.86% | |
| GOOGL | A | -1.49% | |
| GOOG | A | -1.49% |
TSL: Top Represented Industries & Keywords
QTEC: Top Represented Industries & Keywords
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