HOYY vs. TSDD

Last updated Jun 4, 2026

HOYY (GraniteShares YieldBOOST HOOD ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - HOYY is a Derivative Income fund actively managed by GraniteShares, while TSDD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.46, they often move in opposite directions. HOYY charges 1.07%/yr vs 1.50%/yr for TSDD.

Performance

HOYY vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST HOOD ETF (HOYY) 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, HOYY achieves a -29.50% return, which is significantly lower than TSDD's -4.27% return.

HOYY

• 1D: -0.42%
• 1M: 0.36%
• YTD: -29.50%
• 6M: -37.69%
• 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)

HOYY vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-29.50%	-24.36%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.27%	-15.78%

Correlation

The correlation between HOYY and TSDD is -0.46, 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 Oct 1, 2025	-0.46

Return for Risk

HOYY 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.

HOYY vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) 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

	HOYY	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	-1.65	-0.66	-0.99

Drawdowns

HOYY vs. TSDD - Drawdown Comparison

The maximum HOYY drawdown since its inception was -51.54%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for HOYY and TSDD.

Drawdown Indicators

	HOYY	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-99.03%	+47.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-76.12%	—
Current Drawdown Current decline from peak	-49.50%	-98.90%	+49.40%
Average Drawdown Average peak-to-trough decline	-32.56%	-71.21%	+38.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	59.88%	—

Volatility

Volatility by Period

	HOYY	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	37.03%	92.57%	-55.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.03%	114.46%	-77.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.03%	114.46%	-77.43%

HOYY vs. TSDD - Expense Ratio Comparison

HOYY has a 1.07% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

HOYY vs. TSDD - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 187.33%, more than TSDD's 8.80% yield.

Position	TTM	2025	2024	2023
HOYY GraniteShares YieldBOOST HOOD ETF	187.33%	50.51%	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 HOYY and TSDD in my portfolio?

HOYY and TSDD have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOYY or TSDD?

On fees, HOYY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOYY or TSDD?

HOYY is cheaper with a 1.07% expense ratio, compared with 1.50% for TSDD.

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

HOYY has the higher dividend yield at 187.33%, compared with 8.80% for TSDD.

What is the main difference between HOYY and TSDD?

HOYY is categorized as Derivative Income, while TSDD is Inverse Equities. Their fees differ too: 1.07% for HOYY and 1.50% for TSDD.