BAR vs. TSDD

Last updated Jun 4, 2026

BAR (GraniteShares Gold Trust) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while TSDD is a Inverse Equities fund actively managed by GraniteShares. BAR is passively managed, while TSDD is actively managed. Over the past year, BAR returned 32.26% vs -62.89% for TSDD. At a correlation of -0.05, they often move in opposite directions. BAR charges 0.17%/yr vs 1.50%/yr for TSDD.

Performance

BAR vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Gold Trust (BAR) and GraniteShares 2x Short TSLA Daily ETF (TSDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAR achieves a 2.94% return, which is significantly higher than TSDD's -4.27% return.

BAR

• 1D: -1.02%
• 1M: -1.62%
• YTD: 2.94%
• 6M: 5.50%
• 1Y: 32.26%
• 3Y*: 31.38%
• 5Y*: 18.41%
• 10Y*: —

TSDD

• 1D: 0.14%
• 1M: -17.41%
• YTD: -4.27%
• 6M: -7.92%
• 1Y: -62.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAR vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BAR GraniteShares Gold Trust	2.94%	64.12%	26.97%	8.60%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.27%	-74.84%	-89.21%	-20.49%

Correlation

The correlation between BAR and TSDD is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	-0.05

Return for Risk

BAR vs. TSDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAR

BAR Risk / Return Rank: 32
BAR Sharpe Ratio Rank: 33
BAR Sortino Ratio Rank: 30
BAR Omega Ratio Rank: 36
BAR Calmar Ratio Rank: 34
BAR Martin Ratio Rank: 29

TSDD

TSDD Risk / Return Rank: 3
TSDD Sharpe Ratio Rank: 3
TSDD Sortino Ratio Rank: 3
TSDD Omega Ratio Rank: 3
TSDD Calmar Ratio Rank: 2
TSDD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAR vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) and GraniteShares 2x Short TSLA Daily ETF (TSDD). 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.

	BAR	TSDD	Difference
Sharpe ratio: Return per unit of total volatility	1.23	-0.68	+1.91
Sortino ratio: Return per unit of downside risk	1.62	-0.87	+2.49
Omega ratio: Gain probability vs. loss probability	1.25	0.90	+0.34
Calmar ratio: Return relative to maximum drawdown	1.69	-0.83	+2.52
Martin ratio: Return relative to average drawdown	4.19	-1.05	+5.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAR vs. TSDD - Sharpe Ratio Comparison

The current BAR Sharpe Ratio is 1.23, which is higher than the TSDD Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of BAR and TSDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BAR	TSDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	-0.68	+1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	-0.66	+1.56

Drawdowns

BAR vs. TSDD - Drawdown Comparison

The maximum BAR drawdown since its inception was -21.53%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for BAR and TSDD.

Drawdown Indicators

	BAR	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-21.53%	-99.03%	+77.50%
Max Drawdown (1Y) Largest decline over 1 year	-19.19%	-76.12%	+56.93%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.91%	—	—
Current Drawdown Current decline from peak	-17.72%	-98.90%	+81.18%
Average Drawdown Average peak-to-trough decline	-6.45%	-71.21%	+64.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.72%	59.88%	-52.16%

Volatility

BAR vs. TSDD - Volatility Comparison

The current volatility for GraniteShares Gold Trust (BAR) is 5.46%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 24.19%. This indicates that BAR experiences smaller price fluctuations and is considered to be less risky than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAR	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	24.19%	-18.73%
Volatility (6M) Calculated over the trailing 6-month period	23.03%	54.90%	-31.87%
Volatility (1Y) Calculated over the trailing 1-year period	26.43%	92.57%	-66.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	114.46%	-96.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	114.46%	-98.08%

BAR vs. TSDD - Expense Ratio Comparison

BAR has a 0.17% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

BAR vs. TSDD - Dividend Comparison

BAR has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 8.80%.

Position	TTM	2025	2024	2023
BAR GraniteShares Gold Trust	0.00%	0.00%	0.00%	0.00%
TSDD GraniteShares 2x Short TSLA Daily ETF	8.80%	8.42%	0.00%	24.84%

Frequently Asked Questions

Can I hold both BAR and TSDD in my portfolio?

BAR and TSDD have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAR or TSDD?

TSDD has higher volatility (24.19%) compared to BAR (5.46%). In terms of maximum drawdown, BAR dropped -21.53% vs TSDD's -99.03%.

Which ETF is better, BAR or TSDD?

On 1-year performance, BAR leads with 32.26% vs -62.89% for TSDD. On fees, BAR is cheaper at 0.17% per year. On volatility, BAR has been the lower-risk option at 5.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAR or TSDD?

Over the 1-year period, BAR has performed better with a 32.26% return vs -62.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAR or TSDD?

BAR is cheaper with a 0.17% expense ratio, compared with 1.50% for TSDD.

Which ETF pays a higher dividend yield, BAR or TSDD?

TSDD has the higher dividend yield at 8.80%, compared with 0.00% for BAR.

What is the main difference between BAR and TSDD?

BAR is categorized as Gold, while TSDD is Inverse Equities. Their fees differ too: 0.17% for BAR and 1.50% for TSDD.

Which has better risk-adjusted returns?

BAR currently has the higher Sharpe Ratio (1.23 vs -0.68), 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.