GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF (TSLR) — Stock Correlations & Overview
Over the past year, TSLR has moved most closely with TSLT, TSL, TSLA. Explore the stocks most correlated and inversely correlated with TSLR below, along with its price, financials, and company profile.
Stocks correlated with TSLR
Correlation of daily returns. Higher positive values move with TSLR; negative values move opposite it. Informational only, not investment advice.
Most correlated with TSLR
| Symbol | Company | Correlation |
|---|---|---|
| TSLT | T-REX 2X Long Tesla Daily Target ETF | 1.00 |
| TSL | GraniteShares 1.25x Long TSLA Daily ETF | 1.00 |
| TSLA | Tesla, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | 1.00 |
| TSLL | Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF | 1.00 |
| TSLG | Leverage Shares 2X Long TSLA Daily ETF | 1.00 |
Most inversely correlated with TSLR
| Symbol | Company | Correlation |
|---|---|---|
| TSLS | Direxion Shares ETF Trust Direxion Daily TSLA Bear 1X ETF | -0.99 |
| TSLZ | T-Rex 2X Inverse Tesla Daily Target ETF | -0.99 |
| TSDD | GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF | -0.99 |
| TSLQ | Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF | -0.99 |
| CRSH | YieldMax Short TSLA Option Income Strategy ETF | -0.94 |
Frequently asked questions about TSLR correlations
- Which stocks are most correlated with TSLR?
- Based on one year of daily returns, the stocks most correlated with GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF (TSLR) are TSLT (1.00), TSL (1.00) and TSLA (1.00). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TSLR?
- Over the past year, the stocks most inversely correlated with GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF (TSLR) are TSLS (-0.99), TSLZ (-0.99) and TSDD (-0.99). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TSLR correlations calculated?
- We compute the correlation of daily returns between TSLR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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