MSTP vs. TSDD
MSTP (GraniteShares 2x Long MSTR Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - MSTP 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 -0.40, they often move in opposite directions. Both charge a 1.50% expense ratio.
Performance
MSTP vs. TSDD - Performance Comparison
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Returns By Period
In the year-to-date period, MSTP achieves a -52.13% return, which is significantly lower than TSDD's -4.27% return.
MSTP
- 1D
- -13.74%
- 1M
- -54.90%
- YTD
- -52.13%
- 6M
- -70.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD
- 1D
- 0.14%
- 1M
- -17.41%
- YTD
- -4.27%
- 6M
- -7.92%
- 1Y
- -62.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTP vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | -52.13% | -88.99% |
TSDD GraniteShares 2x Short TSLA Daily ETF | -4.27% | -62.34% |
Correlation
The correlation between MSTP and TSDD is -0.40, 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 Jun 11, 2025 | -0.40 |
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Return for Risk
MSTP vs. TSDD — Risk / Return Rank
MSTP
TSDD
MSTP vs. TSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSTR Daily ETF (MSTP) 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.
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Sharpe Ratios by Period
| MSTP | 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 | -0.01 |
Drawdowns
MSTP vs. TSDD - Drawdown Comparison
The maximum MSTP drawdown since its inception was -96.25%, roughly equal to the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for MSTP and TSDD.
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Drawdown Indicators
| MSTP | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -99.03% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.12% | — |
Current DrawdownCurrent decline from peak | -95.92% | -98.90% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -68.56% | -71.21% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 59.88% | — |
Volatility
MSTP vs. TSDD - Volatility Comparison
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Volatility by Period
| MSTP | 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 | 141.47% | 92.57% | +48.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.47% | 114.46% | +27.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.47% | 114.46% | +27.01% |
MSTP vs. TSDD - Expense Ratio Comparison
Both MSTP and TSDD have an expense ratio of 1.50%.
Dividends
MSTP vs. TSDD - Dividend Comparison
MSTP 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 |
|---|---|---|---|---|
MSTP GraniteShares 2x Long 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
MSTP and TSDD have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MSTP and TSDD have the same expense ratio: 1.50% per year.
TSDD has the higher dividend yield at 8.80%, compared with 0.00% for MSTP.
MSTP is categorized as Leveraged Equities, while TSDD is Inverse Equities.
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