CRCD vs. TSDD

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and GraniteShares 2x Short TSLA Daily ETF (TSDD).

CRCD and TSDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCD is an actively managed fund by T-Rex. It was launched on Sep 25, 2025. TSDD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.

Performance

CRCD vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and GraniteShares 2x Short TSLA Daily ETF (TSDD). The values are adjusted to include any dividend payments, if applicable.

CRCD vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
TSDD GraniteShares 2x Short TSLA Daily ETF	35.06%	-17.43%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than TSDD's 35.06% return.

CRCD

• 1D: -13.13%
• 1M: -45.34%
• YTD: -80.36%
• 6M: -69.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSDD

• 1D: -9.22%
• 1M: 13.73%
• YTD: 35.06%
• 6M: 13.74%
• 1Y: -80.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRCD vs. TSDD - Expense Ratio Comparison

Both CRCD and TSDD have an expense ratio of 1.50%.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

TSDD

GraniteShares 2x Short TSLA Daily ETF

Return for Risk

CRCD vs. TSDD — Risk / Return Rank

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

TSDD

TSDD Risk / Return Rank: 2
TSDD Sharpe Ratio Rank: 2
TSDD Sortino Ratio Rank: 1
TSDD Omega Ratio Rank: 1
TSDD Calmar Ratio Rank: 1
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.

CRCD vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CRCD	TSDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.64	+0.19

Correlation

The correlation between CRCD and TSDD is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRCD vs. TSDD - Dividend Comparison

CRCD has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 6.24%.

	TTM	2025	2024	2023
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%	0.00%	0.00%
TSDD GraniteShares 2x Short TSLA Daily ETF	6.24%	8.42%	0.00%	24.84%

Drawdowns

CRCD vs. TSDD - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, roughly equal to the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for CRCD and TSDD.

Drawdown Indicators

	CRCD	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-99.03%	+4.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-90.32%	—
Current Drawdown Current decline from peak	-90.68%	-98.45%	+7.77%
Average Drawdown Average peak-to-trough decline	-40.91%	-69.36%	+28.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	77.72%	—

Volatility

Volatility by Period

	CRCD	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	59.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.98%	110.31%	+93.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	116.28%	+87.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	116.28%	+87.70%