ELIS vs. TSDD

Last updated Jun 3, 2026

ELIS (Direxion Daily LLY Bear 1X Shares) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both Inverse Equities funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. ELIS charges 0.97%/yr vs 1.50%/yr for TSDD.

Performance

ELIS vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LLY Bear 1X Shares (ELIS) and GraniteShares 2x Short TSLA Daily ETF (TSDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSDD

• 1D: -3.78%
• 1M: -18.34%
• YTD: -4.40%
• 6M: -15.45%
• 1Y: -63.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ELIS vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025
ELIS Direxion Daily LLY Bear 1X Shares	11.37%	-29.46%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.40%	-83.89%

Correlation

The correlation between ELIS and TSDD is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.16

ELIS vs. TSDD - Sectors Allocation Comparison

Sectors	ELIS	TSDD
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	200.1%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

ELIS 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: 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: 3

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.

ELIS vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bear 1X Shares (ELIS) 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

	ELIS	TSDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.66	—

Drawdowns

Drawdown Indicators

	ELIS	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	—	-99.03%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-76.12%	—
Current Drawdown Current decline from peak	—	-98.90%	—
Average Drawdown Average peak-to-trough decline	—	-71.17%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	59.70%	—

Volatility

Volatility by Period

	ELIS	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	24.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	92.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	114.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	114.54%	—

ELIS vs. TSDD - Expense Ratio Comparison

ELIS has a 0.97% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

ELIS vs. TSDD - Dividend Comparison

ELIS's dividend yield for the trailing twelve months is around 5.26%, less than TSDD's 8.81% yield.

Position	TTM	2025	2024	2023
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%	0.00%	0.00%
TSDD GraniteShares 2x Short TSLA Daily ETF	8.81%	8.42%	0.00%	24.84%

Frequently Asked Questions

Can I hold both ELIS and TSDD in my portfolio?

ELIS and TSDD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELIS or TSDD?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELIS or TSDD?

ELIS is cheaper with a 0.97% expense ratio, compared with 1.50% for TSDD.

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

TSDD has the higher dividend yield at 8.81%, compared with 5.26% for ELIS.

What is the main difference between ELIS and TSDD?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.97% for ELIS and 1.50% for TSDD.