GOU vs. TSDD

Last updated Jun 4, 2026

GOU (GraniteShares 2x Long GOOGL Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - GOU 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 -0.37, they often move in opposite directions. GOU charges 1.15%/yr vs 1.50%/yr for TSDD.

Performance

GOU vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long GOOGL Daily ETF (GOU) 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, GOU achieves a 21.48% return, which is significantly higher than TSDD's -4.27% return.

GOU

• 1D: -1.53%
• 1M: -12.95%
• YTD: 21.48%
• 6M: 15.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

GOU vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025
GOU GraniteShares 2x Long GOOGL Daily ETF	21.48%	-2.90%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.27%	-11.56%

Correlation

The correlation between GOU and TSDD is -0.37, 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 Dec 3, 2025	-0.37

Return for Risk

GOU 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: 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.

GOU vs. TSDD - Risk-Adjusted Trends Comparison

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

	GOU	TSDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	-0.66	+1.33

Drawdowns

GOU vs. TSDD - Drawdown Comparison

The maximum GOU drawdown since its inception was -38.44%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for GOU and TSDD.

Drawdown Indicators

	GOU	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-99.03%	+60.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-76.12%	—
Current Drawdown Current decline from peak	-20.75%	-98.90%	+78.15%
Average Drawdown Average peak-to-trough decline	-11.33%	-71.21%	+59.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	59.88%	—

Volatility

Volatility by Period

	GOU	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	24.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	59.23%	92.57%	-33.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.23%	114.46%	-55.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.23%	114.46%	-55.23%

GOU vs. TSDD - Expense Ratio Comparison

GOU has a 1.15% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

GOU vs. TSDD - Dividend Comparison

GOU 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
GOU GraniteShares 2x Long GOOGL Daily ETF	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 GOU and TSDD in my portfolio?

GOU and TSDD have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOU or TSDD?

On fees, GOU is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOU or TSDD?

GOU is cheaper with a 1.15% expense ratio, compared with 1.50% for TSDD.

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

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

What is the main difference between GOU and TSDD?

GOU is categorized as Leveraged Equities, while TSDD is Inverse Equities. Their fees differ too: 1.15% for GOU and 1.50% for TSDD.