TSDD vs. TSLQ
TSDD (GraniteShares 2x Short TSLA Daily ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, TSDD returned -61.80% vs -61.24% for TSLQ. With a 0.99 correlation, they move nearly in lockstep. TSDD charges 1.50%/yr vs 1.17%/yr for TSLQ.
Performance
TSDD vs. TSLQ - Performance Comparison
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Returns By Period
In the year-to-date period, TSDD achieves a 3.36% return, which is significantly lower than TSLQ's 4.13% return.
TSDD
- 1D
- -2.08%
- 1M
- 3.77%
- YTD
- 3.36%
- 6M
- 17.94%
- 1Y
- -61.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLQ
- 1D
- -1.97%
- 1M
- 4.07%
- YTD
- 4.13%
- 6M
- 18.62%
- 1Y
- -61.24%
- 3Y*
- -65.02%
- 5Y*
- —
- 10Y*
- —
TSDD vs. TSLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 3.36% | -74.84% | -89.21% | -20.49% |
TSLQ Tradr 2X Short TSLA Daily ETF | 4.13% | -74.67% | -83.21% | -11.40% |
Correlation
The correlation between TSDD and TSLQ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | 0.99 |
The correlation between TSDD and TSLQ has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
TSDD vs. TSLQ — Risk / Return Rank
TSDD
TSLQ
TSDD vs. TSLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Tradr 2X Short TSLA Daily ETF (TSLQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSDD | TSLQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.91 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.85 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.09 | -0.01 |
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Drawdowns
TSDD vs. TSLQ - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, roughly equal to the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for TSDD and TSLQ.
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Drawdown Indicators
| TSDD | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -98.73% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -72.39% | -72.21% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.85% | — |
Current DrawdownCurrent decline from peak | -98.82% | -98.45% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -71.54% | -67.55% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.20% | 55.95% | +0.25% |
Volatility
TSDD vs. TSLQ - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) and Tradr 2X Short TSLA Daily ETF (TSLQ) have volatilities of 26.30% and 26.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDD | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.30% | 26.35% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 56.79% | 56.72% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.45% | 88.59% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.26% | 94.21% | +20.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.26% | 94.21% | +20.05% |
TSDD vs. TSLQ - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than TSLQ's 1.17% expense ratio.
Dividends
TSDD vs. TSLQ - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 8.15%, less than TSLQ's 10.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.15% | 8.42% | 0.00% | 24.84% | 0.00% |
TSLQ Tradr 2X Short TSLA Daily ETF | 10.15% | 10.56% | 4.95% | 13.35% | 2.56% |
Frequently Asked Questions
With a correlation of 1.00, TSDD and TSLQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSLQ has higher volatility (26.35%) compared to TSDD (26.30%). In terms of maximum drawdown, TSDD dropped -99.03% vs TSLQ's -98.73%.
On 1-year performance, TSLQ leads with -61.24% vs -61.80% for TSDD. On fees, TSLQ is cheaper at 1.17% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLQ has performed better with a -61.24% return vs -61.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLQ is cheaper with a 1.17% expense ratio, compared with 1.50% for TSDD.
TSLQ has the higher dividend yield at 10.15%, compared with 8.15% for TSDD.
They also come from different issuers: GraniteShares and Tradr. Their fees differ too: 1.50% for TSDD and 1.17% for TSLQ.
TSLQ currently has the higher Sharpe Ratio (-0.69 vs -0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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