NBIL vs. TSDD
NBIL (GraniteShares 2X Long NBIS Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - NBIL 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 -0.25, they often move in opposite directions. Both charge a 1.50% expense ratio.
Performance
NBIL vs. TSDD - Performance Comparison
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Returns By Period
In the year-to-date period, NBIL achieves a 462.18% return, which is significantly higher than TSDD's -1.81% return.
NBIL
- 1D
- -7.17%
- 1M
- 83.16%
- YTD
- 462.18%
- 6M
- 280.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD
- 1D
- 2.57%
- 1M
- -16.78%
- YTD
- -1.81%
- 6M
- -2.21%
- 1Y
- -64.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBIL vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBIL GraniteShares 2X Long NBIS Daily ETF | 462.18% | -59.19% |
TSDD GraniteShares 2x Short TSLA Daily ETF | -1.81% | -17.99% |
Correlation
The correlation between NBIL and TSDD is -0.25, 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 8, 2025 | -0.25 |
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Return for Risk
NBIL vs. TSDD — Risk / Return Rank
NBIL
TSDD
NBIL vs. TSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long NBIS Daily ETF (NBIL) 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
| NBIL | TSDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | -0.66 | +1.96 |
Drawdowns
NBIL vs. TSDD - Drawdown Comparison
The maximum NBIL drawdown since its inception was -77.87%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for NBIL and TSDD.
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Drawdown Indicators
| NBIL | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.87% | -99.03% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.12% | — |
Current DrawdownCurrent decline from peak | -9.98% | -98.88% | +88.90% |
Average DrawdownAverage peak-to-trough decline | -44.90% | -71.25% | +26.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 60.05% | — |
Volatility
NBIL vs. TSDD - Volatility Comparison
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Volatility by Period
| NBIL | TSDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 199.38% | 92.61% | +106.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 199.38% | 114.39% | +84.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.38% | 114.39% | +84.99% |
NBIL vs. TSDD - Expense Ratio Comparison
Both NBIL and TSDD have an expense ratio of 1.50%.
Dividends
NBIL vs. TSDD - Dividend Comparison
NBIL has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 8.58%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NBIL GraniteShares 2X Long NBIS Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.58% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
NBIL and TSDD have a correlation of -0.25, 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.
NBIL and TSDD have the same expense ratio: 1.50% per year.
TSDD has the higher dividend yield at 8.58%, compared with 0.00% for NBIL.
NBIL is categorized as Leveraged Equities, while TSDD is Inverse Equities.
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