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ETFs

TSLI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$362,007
AUM
$1,800,650
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US Dollars
100.00%
Invest with TSLI

What is TSLI?

The Fund seeks daily investment results, before fees and expenses, of -1 times (-100%) the daily percentage change of the common stock of Tesla Inc, (NASDAQ: TSLA). Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, energy generation and storage systems in the United States, China, and internationally. The company operates in two segments: automotive,energy generation and storage.

ETFs related toTSLI

ETFs correlated to TSLI include TSLQ, TSLS, SARK

TSLI
GraniteShares ETF Trust - GraniteShares 1x Short TSLA Daily ETF
TSLQ
Investment Managers Series Trust II - AXS TSLA Bear Daily ETF
TSLS
Direxion Shares ETF Trust - Direxion Daily TSLA Bear 1X Shares
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTSLI

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TSLI using Composer

FAQ

TSLI is a US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of -1 times (-100%) the daily percentage change of the common stock of Tesla Inc, (NASDAQ: TSLA). Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, energy generation and storage systems in the United States, China, and internationally. The company operates in two segments: automotive,energy generation and storage.

Yes, TSLI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TSLI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TSLI is -0.2872%. This is the percent change in the value of TSLI over the most recent 1-month period. The 3-month return on TSLI is -0.2377%. This is the percent change in the value of TSLI over the most recent 3-month period.

ETFs similar to TSLI include SH, TNA, and SPXS.

ETFs correlated to TSLI include TSLQ, TSLS, and SARK.

ETFs that are inversely correlated to TSLI include TSLL, TSL, and TSLY.

Yes, TSLI is a Inverse (-1) ETF.

Yes, TSLI is a Inverse (-1) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.