A side-by-side comparison of GraniteShares 2x Long NVDA Daily ETF (NVDL) and Daily TSLA Bull 2X ETF (TSLL) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | NVDL | TSLL |
|---|---|---|
| YTD Return | +18.78%✓ | -30.03% |
| 1-Day Change | +2.21%✓ | -0.44% |
| 1-Week Change | +5.51%✓ | -12.49% |
| 1-Month Change | +11.27%✓ | -3.86% |
| Current Price | $37.52 | $8.97 |
| AUM | $3.66B | $3.87B✓ |
| MER (Expense Ratio) | 1.15% | 0.96%✓ |
| Dividend Yield | — | 3.84% |
| Distribution Frequency | — | — |
| Inception Date | 2022-12-12 | 2022-08-08 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Trading--Leveraged Equity | Trading--Leveraged Equity |
| Beta | 3.92 | 3.45 |
| 52-Week High | $43.27 | $23.10 |
| 52-Week Low | $21.54 | $6.65 |
| 50-Day MA | $33.99 | $8.92 |
| 200-Day MA | $31.08 | $13.40 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | NVDL | TSLL |
|---|---|---|
| YTD | +18.78%✓ | -30.03% |
| 1 Year | +25.88%✓ | -45.15% |
| 3 Year | +106.51%✓ | -8.92% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 54.33% | 107.38% |
| Sharpe Ratio (3Y) | 1.12 | 0.32 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | NVDL | TSLL |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 100.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About NVDL
The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund will aim to primarily obtain its notional exposure against the underlying stock through swap agreements. It is non-diversified.
About TSLL
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. The fund is non-diversified.
Which ETF is Right for You?
Both NVDL and TSLL are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
NVDL and TSLL are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between NVDL and TSLL?
NVDL (GraniteShares 2x Long NVDA Daily ETF) and TSLL (Daily TSLA Bull 2X ETF) are both Canadian-listed ETFs. Key differences include their AUM ($3.66B vs $3.87B), dividend yield (N/A vs 3.84%), and year-to-date performance (+18.78% vs -30.03%).
Is NVDL better than TSLL?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, NVDL has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy NVDL and TSLL on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both NVDL and TSLL should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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