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 -0.27, they often move in opposite directions. NBIL charges 1.50%/yr vs 0.95%/yr for TSDD.
Performance
NBIL vs. TSDD - Performance Comparison
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Returns By Period
In the year-to-date period, NBIL achieves a 272.68% return, which is significantly higher than TSDD's -7.24% return.
NBIL
- 1D
- 3.03%
- 1M
- -12.64%
- 6M
- 176.66%
- YTD
- 272.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD
- 1D
- -0.69%
- 1M
- -11.15%
- 6M
- -8.08%
- YTD
- -7.24%
- 1Y
- -65.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBIL vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NBIL GraniteShares 2X Long NBIS Daily ETF | 272.68% | -65.28% |
TSDD GraniteShares 2x Short TSLA Daily ETF | -7.24% | -10.90% |
Correlation
The correlation between NBIL and TSDD is -0.27, 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 7, 2025 | -0.27 |
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Return for Risk
NBIL vs. TSDD — Risk / Return Rank
NBIL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NBIL | TSDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.88 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.96 | — |
| Martin ratioReturn relative to average drawdown | — | -1.22 | — |
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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 | — | -69.48% | — |
Current DrawdownCurrent decline from peak | -46.63% | -98.94% | +52.31% |
Average DrawdownAverage peak-to-trough decline | -42.31% | -72.07% | +29.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 54.47% | — |
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 | — | 35.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 62.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 201.96% | 89.68% | +112.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 201.96% | 114.68% | +87.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 201.96% | 114.68% | +87.28% |
NBIL vs. TSDD - Expense Ratio Comparison
NBIL has a 1.50% expense ratio, which is higher than TSDD's 0.95% expense ratio.
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 9.08%.
| 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 | 9.08% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
NBIL and TSDD have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSDD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSDD is cheaper with a 0.95% expense ratio, compared with 1.50% for NBIL.
TSDD has the higher dividend yield at 9.08%, compared with 0.00% for NBIL.
NBIL is categorized as Leveraged Equities, while TSDD is Inverse Equities. Their fees differ too: 1.50% for NBIL and 0.95% for TSDD.
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