ETRL vs. TSDD

Last updated Jun 26, 2026

ETRL (GraniteShares 2x Long ETOR Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - ETRL is a Leveraged Equities fund actively managed by GraniteShares, while TSDD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.28, they often move in opposite directions. Both charge a 1.50% expense ratio.

Performance

ETRL vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long ETOR Daily ETF (ETRL) 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, ETRL achieves a 1.78% return, which is significantly lower than TSDD's 16.69% return.

ETRL

• 1D: 0.00%
• 1M: -2.92%
• YTD: 1.78%
• 6M: -2.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSDD

• 1D: 0.17%
• 1M: 26.86%
• YTD: 16.69%
• 6M: 35.71%
• 1Y: -54.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETRL vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025
ETRL GraniteShares 2x Long ETOR Daily ETF	1.78%	-51.32%
TSDD GraniteShares 2x Short TSLA Daily ETF	16.69%	-56.26%

Correlation

The correlation between ETRL and TSDD is -0.28, 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 (All Time) Calculated using the full available price history since Sep 3, 2025	-0.28

Return for Risk

ETRL vs. TSDD — Risk / Return Rank

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

ETRL

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

TSDD

TSDD Risk / Return Rank: 5
TSDD Sharpe Ratio Rank: 5
TSDD Sortino Ratio Rank: 5
TSDD Omega Ratio Rank: 5
TSDD Calmar Ratio Rank: 3
TSDD Martin Ratio Rank: 5

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.

ETRL vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long ETOR Daily ETF (ETRL) 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.

	ETRL	TSDD	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.62	—
Sortino ratio: Return per unit of downside risk	—	-0.64	—
Omega ratio: Gain probability vs. loss probability	—	0.93	—
Calmar ratio: Return relative to maximum drawdown	—	-0.75	—
Martin ratio: Return relative to average drawdown	—	-0.95	—

Drawdowns

ETRL vs. TSDD - Drawdown Comparison

The maximum ETRL drawdown since its inception was -76.63%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for ETRL and TSDD.

Drawdown Indicators

	ETRL	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-76.63%	-99.03%	+22.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-72.39%	—
Current Drawdown Current decline from peak	-50.45%	-98.66%	+48.21%
Average Drawdown Average peak-to-trough decline	-47.88%	-71.69%	+23.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	56.75%	—

Volatility

Volatility by Period

	ETRL	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	56.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	102.42%	87.65%	+14.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.42%	114.18%	-11.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.42%	114.18%	-11.76%

ETRL vs. TSDD - Expense Ratio Comparison

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

Dividends

ETRL vs. TSDD - Dividend Comparison

ETRL has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 7.22%.

Position	TTM	2025	2024	2023
ETRL GraniteShares 2x Long ETOR Daily ETF	0.00%	0.00%	0.00%	0.00%
TSDD GraniteShares 2x Short TSLA Daily ETF	7.22%	8.42%	0.00%	24.84%

Frequently Asked Questions

Can I hold both ETRL and TSDD in my portfolio?

ETRL and TSDD have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETRL or TSDD?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETRL or TSDD?

ETRL and TSDD have the same expense ratio: 1.50% per year.

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

TSDD has the higher dividend yield at 7.22%, compared with 0.00% for ETRL.

What is the main difference between ETRL and TSDD?

ETRL is categorized as Leveraged Equities, while TSDD is Inverse Equities.