At a glance
TSLG charges 0.8% a year. It has $34.9M in assets; it paid 10.48% of its price in distributions over the past 12 months, annual. Over the past year it returned −41.6% with distributions reinvested (S&P 500: +11.5%).
The short version
Leverage Shares 2X Long TSLA Daily ETF (TSLG) aims to deliver twice the daily percentage change in Tesla, Inc. stock, before fees. It gets that exposure mainly through swap agreements. The 2x target resets every trading day, so returns over weeks or months can differ sharply from double Tesla's move. The fund charges 0.80% a year, and it fell 82.9% from its December 17, 2024 peak to its April 8, 2025 low.
Price history
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TSLG -41.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| TSLG official prospectus, to Dec 31, 2025 | — | -32.53% | — | — | — | — |
| TSLG price data to Oct 27, 2026 | -37.6% | -41.6% | — | — | — | -40.3% |
- Over the year to Oct 27, 2026, TSLG returned -41.6%.
- Its worst full calendar year was 2025 (-26.6%); its best was 2025 (-26.6%).
- The deepest fall in its price history was 82.9% (Dec 17, 2024 to Apr 8, 2025), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -37.5% | — |
| 2025 | -26.6% | -26.64% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.6100 |
What's inside
As of Jul 31, 2026, the fund held 0 securities; the ten largest made up 0% of assets, and 11.93% sat in cash and money-market holdings.
| Holding | Weight |
|---|
By country
By asset type
What changed recently
- Over the three months to Jul 31, 2026, investors added a net $13.1M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +27.43%, -10.13%, -48.46%.
How it works
Leverage Shares 2X Long TSLA Daily ETF is actively managed and seeks twice (200%) the daily percentage change in Tesla stock, before fees and expenses. There is no index. The target resets each trading day, from one market close to the next. Over longer periods, daily returns compound, so results can stray far from twice Tesla's return, especially when the stock swings sharply.
The fund keeps at least 80% of net assets in Tesla stock and derivatives (contracts whose value comes from another asset). Its main tool is swaps: deals in which a large financial institution pays the fund twice Tesla's daily gain, or collects twice its daily loss. It may also buy and sell U.S.-listed Tesla options. As of July 31, 2026, it held three Tesla swaps, each with a different firm, and about 11.9% of assets in cash. Between 25% and 50% of assets are expected to back these positions as collateral or option premiums.
At each market close, the adviser resets exposure: it adds after Tesla rises and trims after Tesla falls. The prospectus warns that if Tesla fell more than 50% in one day, investors would lose all their money. With a single stock behind it, the fund is non-diversified and concentrated in the automotive and components industry.
What it really costs
- TSLG charges 0.8% a year.
- Of that, 0.75% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $82 in the first year and $990 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| TSLG | $82 | $255 | $444 | $990 |
In a retirement portfolio
It targets twice Tesla's daily move and resets every day, so it is built for holding periods of about a day, not years.
TSLG launched December 13, 2024, so it has no record from the 2008, 2020 or 2022 downturns. Its own history is severe. It fell 82.9% from December 17, 2024 to April 8, 2025, and it had not recovered as of October 27, 2026. Its only full calendar year, 2025, returned -26.64%, and the quarter ending March 31, 2025 lost 65.14%. Anyone who needed to sell during a slump like that would lock in deep losses. Its trailing yield was 10.48% as of October 27, 2026, from a single annual payout of $0.61 per share. That is not a steady income stream. The fund charges 0.80% a year. In the SEC's standard example, that comes to about $82 in costs in the first year on $10,000.
Past results don't predict the future. Any retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Active traders who want twice Tesla's one-day move and plan to check the position every day.
- Traders who understand swaps, daily resets and compounding, and who accept the risk of losing their entire investment.
- Those who want short-term leveraged Tesla exposure without borrowing themselves, and who accept a 0.80% expense ratio.
Look elsewhere if
- Retirees and long-term savers: the fund fell 82.9% from its December 2024 peak and had not recovered by October 27, 2026.
- Investors who want dependable income: the 10.48% trailing yield came from one annual payout, not regular dividends.
- Anyone who wants diversification: all of the fund's exposure is to one company in one industry, with 93.9% one-year volatility.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is TSLG a good long-term investment?
TSLG is designed for one-day holding periods, not long-term ownership. The prospectus says it seeks twice Tesla's daily change and does not aim for that result over longer periods. Because returns build up day by day, results drift away from double Tesla's return, especially when the stock is choppy. From its December 2024 launch through October 27, 2026, TSLG lost 40.3%. Its deepest drop was 82.9%.
Does TSLG pay dividends?
Yes. TSLG paid $0.61 per share over the 12 months through October 27, 2026, a trailing yield of 10.48%. It pays once a year. That figure is not a reliable guide to income. Leveraged funds that hold swaps and short-term collateral may pay out gains or interest, and the amount can swing widely or disappear from one year to the next. The payout did not offset the fund's 41.6% one-year price loss over the same period.
What is TSLG's expense ratio?
TSLG's expense ratio is 0.80% a year, which includes a 0.75% management fee, according to its prospectus filed February 27, 2026. In the SEC's standard example, $10,000 invested with a 5% annual return would cost about $82 after one year, $255 after three years, $444 after five and $990 after ten. Leveraged funds that use swaps can also face financing and trading costs that weigh on returns beyond the stated fee.
Can you lose all your money in TSLG?
Yes. The prospectus warns that if Tesla falls more than 50% in a single trading day, investors would lose all their money. Smaller drops can also add up quickly over time. TSLG fell 82.9% between December 17, 2024 and April 8, 2025. Its worst quarter, ending March 31, 2025, lost 65.14%. Its strongest quarter, ending September 30, 2025, gained 79.91%.
How does TSLG get 2x Tesla exposure?
TSLG mainly uses swap agreements with financial institutions. Under these contracts, the institutions pay the fund Tesla's return on an amount equal to twice the fund's net assets. As of July 31, 2026, it held three Tesla swaps with different counterparties, plus cash. It may also use exchange-listed options. The adviser rebalances at every market close. If a counterparty fails to pay, the fund could lose money or miss its 2x target.