TSL vs MEMA
Comparison between GRANITESHARES 1.25X LONG TSLA DAILY ETF (TSL, ETF) and Man Active Emerging Markets Alternative ETF (MEMA, ETF).
TSL vs MEMA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TSL
$12M
MEMA
$12M
Expense Ratio
TSL
N/A
MEMA
0.85%
Max Drawdown
TSL
80.46%
Winner
MEMA
13.12%
Sharpe Ratio
TSL
0.46
Winner
MEMA
1.50
5Y Beta
TSL
2.88
Winner
MEMA
1.63
TSL vs MEMA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TSL
-0.00%
MEMA
-2.93%
3M
TSL
-5.87%
Winner
MEMA
+10.72%
6M
TSL
-19.53%
Winner
MEMA
+20.67%
1Y
TSL
+38.85%
MEMA
N/A
Max(CAGR)
TSL
-0.34%
Winner
MEMA
+49.74%
TSL vs MEMA - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | TSL | MEMA |
|---|---|---|
| 2026 | -15.31% | +14.58% |
| 2025 | +12.04% | +2.94% |
| 2024 | +64.12% | N/A |
| 2023 | +150.44% | N/A |
| 2022 | -66.58% | N/A |
TSL vs MEMA Drawdown Comparison
The maximum drawdown for TSL was -74.52%, occurring on Jan 3, 2023. Recovery took 582 trading sessions.
The maximum drawdown for MEMA was -13.12%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.
The current TSL drawdown is -32.05%. The current MEMA drawdown is -8.51%.
| Rank | TSL | MEMA |
|---|---|---|
| #1 | -74.52% Aug 15, 2022 - Dec 6, 2024 | -13.12% Feb 25, 2026 - Apr 17, 2026 |
| #2 | -63.30% Dec 17, 2024 - Apr 8, 2025 | -8.51% Jun 2, 2026 - Jun 5, 2026 |
| #3 | -3.44% Aug 10, 2022 - Aug 12, 2022 | -6.51% May 11, 2026 - May 27, 2026 |
| #4 | -1.91% Dec 11, 2024 - Dec 13, 2024 | -3.53% Jan 28, 2026 - Feb 11, 2026 |
| #5 | N/A | -2.22% Apr 17, 2026 - Apr 24, 2026 |
| #6 | N/A | -1.47% Jan 15, 2026 - Jan 22, 2026 |
| #7 | N/A | -1.37% Apr 24, 2026 - Apr 30, 2026 |
| #8 | N/A | -1.01% Feb 20, 2026 - Feb 24, 2026 |
| #9 | N/A | -1.00% May 27, 2026 - Jun 1, 2026 |
| #10 | N/A | -0.99% May 6, 2026 - May 8, 2026 |
| #11 | N/A | -0.98% Feb 11, 2026 - Feb 20, 2026 |
| #12 | N/A | -0.82% Jan 6, 2026 - Jan 12, 2026 |
| #13 | N/A | -0.53% Jan 12, 2026 - Jan 15, 2026 |
| #14 | N/A | -0.51% May 1, 2026 - May 5, 2026 |
| #15 | N/A | -0.51% Dec 26, 2025 - Jan 2, 2026 |
Correlation
Correlation between TSL and MEMA is -0.25 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.25
-101
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