MSDD vs. TSDD

Last updated Jun 4, 2026

MSDD (GraniteShares 2x Short MSTR Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both Inverse Equities funds from GraniteShares. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

MSDD vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short MSTR Daily ETF (MSDD) 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, MSDD achieves a -47.16% return, which is significantly lower than TSDD's -4.27% return.

MSDD

• 1D: 13.67%
• 1M: 85.18%
• YTD: -47.16%
• 6M: -24.30%
• 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)

MSDD vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025
MSDD GraniteShares 2x Short MSTR Daily ETF	-47.16%	271.43%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.27%	-62.34%

Correlation

The correlation between MSDD and TSDD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	0.39

MSDD vs. TSDD - Sectors Allocation Comparison

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

Return for Risk

MSDD 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.

MSDD vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short MSTR Daily ETF (MSDD) 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

	MSDD	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	0.70	-0.66	+1.36

Drawdowns

MSDD vs. TSDD - Drawdown Comparison

The maximum MSDD drawdown since its inception was -84.91%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for MSDD and TSDD.

Drawdown Indicators

	MSDD	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-84.91%	-99.03%	+14.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-76.12%	—
Current Drawdown Current decline from peak	-67.67%	-98.90%	+31.23%
Average Drawdown Average peak-to-trough decline	-29.42%	-71.21%	+41.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	59.88%	—

Volatility

Volatility by Period

	MSDD	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	141.56%	92.57%	+48.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	141.56%	114.46%	+27.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.56%	114.46%	+27.10%

MSDD vs. TSDD - Expense Ratio Comparison

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

Dividends

MSDD vs. TSDD - Dividend Comparison

MSDD 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
MSDD GraniteShares 2x Short MSTR 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 MSDD and TSDD in my portfolio?

MSDD and TSDD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSDD 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, MSDD or TSDD?

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

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

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