DFEB vs. TSDD

Last updated Jun 23, 2026

DFEB (FT Vest U.S. Equity Deep Buffer ETF - February) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - DFEB is a Defined Outcome fund actively managed by FT Vest, while TSDD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, DFEB returned 15.37% vs -62.65% for TSDD. At a correlation of -0.52, they often move in opposite directions. DFEB charges 0.85%/yr vs 1.50%/yr for TSDD.

Performance

DFEB vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Deep Buffer ETF - February (DFEB) 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, DFEB achieves a 5.61% return, which is significantly higher than TSDD's 1.03% return.

DFEB

• 1D: -0.08%
• 1M: 0.38%
• YTD: 5.61%
• 6M: 5.72%
• 1Y: 15.37%
• 3Y*: 13.04%
• 5Y*: 8.10%
• 10Y*: —

TSDD

• 1D: -2.25%
• 1M: 5.83%
• YTD: 1.03%
• 6M: 19.15%
• 1Y: -62.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFEB vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DFEB FT Vest U.S. Equity Deep Buffer ETF - February	5.61%	11.79%	13.87%	6.29%
TSDD GraniteShares 2x Short TSLA Daily ETF	1.03%	-74.84%	-89.21%	-20.49%

Correlation

The correlation between DFEB and TSDD is -0.57, 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	-0.57
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023	-0.52

The correlation between DFEB and TSDD has been stable across timeframes, ranging from -0.57 to -0.52 - a consistent structural relationship.

DFEB vs. TSDD - Sectors Allocation Comparison

Sectors	DFEB	TSDD
Technology	39.0%	-
Financial Services	11.1%	-
Communication Services	10.6%	-
Consumer Cyclical	9.9%	200.1%
Healthcare	8.3%	-
Industrials	7.8%	-
Consumer Defensive	4.5%	-
Energy	3.1%	-
Utilities	2.1%	-
Real Estate	1.8%	-
Basic Materials	1.7%	-

Return for Risk

DFEB vs. TSDD — Risk / Return Rank

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

DFEB

DFEB Risk / Return Rank: 88
DFEB Sharpe Ratio Rank: 89
DFEB Sortino Ratio Rank: 92
DFEB Omega Ratio Rank: 92
DFEB Calmar Ratio Rank: 76
DFEB Martin Ratio Rank: 89

TSDD

TSDD Risk / Return Rank: 3
TSDD Sharpe Ratio Rank: 3
TSDD Sortino Ratio Rank: 3
TSDD Omega Ratio Rank: 4
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.

DFEB vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Deep Buffer ETF - February (DFEB) 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.

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.

	DFEB	TSDD	Difference
Sharpe ratio: Return per unit of total volatility	2.86	-0.71	+3.57
Sortino ratio: Return per unit of downside risk	4.23	-0.92	+5.15
Omega ratio: Gain probability vs. loss probability	1.59	0.90	+0.69
Calmar ratio: Return relative to maximum drawdown	3.78	-0.87	+4.64
Martin ratio: Return relative to average drawdown	19.45	-1.11	+20.57

DFEB vs. TSDD - Sharpe Ratio Comparison

The current DFEB Sharpe Ratio is 2.86, which is higher than the TSDD Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of DFEB 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.

Drawdowns

DFEB vs. TSDD - Drawdown Comparison

The maximum DFEB drawdown since its inception was -14.61%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for DFEB and TSDD.

Drawdown Indicators

	DFEB	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-14.61%	-99.03%	+84.42%
Max Drawdown (1Y) Largest decline over 1 year	-4.09%	-72.39%	+68.30%
Max Drawdown (3Y) Largest decline over 3 years	-8.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.02%	—	—
Current Drawdown Current decline from peak	-0.31%	-98.84%	+98.53%
Average Drawdown Average peak-to-trough decline	-2.06%	-71.58%	+69.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	56.36%	-55.57%

Volatility

DFEB vs. TSDD - Volatility Comparison

The current volatility for FT Vest U.S. Equity Deep Buffer ETF - February (DFEB) is 1.48%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 25.52%. This indicates that DFEB 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

	DFEB	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	25.52%	-24.04%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	56.17%	-51.97%
Volatility (1Y) Calculated over the trailing 1-year period	5.41%	88.59%	-83.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.33%	114.18%	-106.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.94%	114.18%	-105.24%

DFEB vs. TSDD - Expense Ratio Comparison

DFEB has a 0.85% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

DFEB vs. TSDD - Dividend Comparison

DFEB has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 8.34%.

Position	TTM	2025	2024	2023
DFEB FT Vest U.S. Equity Deep Buffer ETF - February	0.00%	0.00%	0.00%	0.00%
TSDD GraniteShares 2x Short TSLA Daily ETF	8.34%	8.42%	0.00%	24.84%

Frequently Asked Questions

Can I hold both DFEB and TSDD in my portfolio?

DFEB and TSDD have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFEB or TSDD?

TSDD has higher volatility (25.52%) compared to DFEB (1.48%). In terms of maximum drawdown, DFEB dropped -14.61% vs TSDD's -99.03%.

Which ETF is better, DFEB or TSDD?

On 1-year performance, DFEB leads with 15.37% vs -62.65% for TSDD. On fees, DFEB is cheaper at 0.85% per year. On volatility, DFEB has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFEB or TSDD?

Over the 1-year period, DFEB has performed better with a 15.37% return vs -62.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFEB or TSDD?

DFEB is cheaper with a 0.85% expense ratio, compared with 1.50% for TSDD.

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

TSDD has the higher dividend yield at 8.34%, compared with 0.00% for DFEB.

What is the main difference between DFEB and TSDD?

DFEB is categorized as Defined Outcome, while TSDD is Inverse Equities. They also come from different issuers: FT Vest and GraniteShares. Their fees differ too: 0.85% for DFEB and 1.50% for TSDD.

Which has better risk-adjusted returns?

DFEB currently has the higher Sharpe Ratio (2.86 vs -0.71), 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.