PDDL vs. TSDD
PDDL (GraniteShares 2x Long PDD Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - PDDL 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 -0.28, they often move in opposite directions. PDDL charges 1.50%/yr vs 0.95%/yr for TSDD.
Performance
PDDL vs. TSDD - Performance Comparison
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Returns By Period
In the year-to-date period, PDDL achieves a -51.48% return, which is significantly lower than TSDD's -7.24% return.
PDDL
- 1D
- -1.66%
- 1M
- 6.34%
- 6M
- -56.92%
- YTD
- -51.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD
- 1D
- -0.69%
- 1M
- -11.15%
- 6M
- -8.08%
- YTD
- -7.24%
- 1Y
- -65.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDDL vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PDDL GraniteShares 2x Long PDD Daily ETF | -51.48% | 9.27% |
TSDD GraniteShares 2x Short TSLA Daily ETF | -7.24% | -61.93% |
Correlation
The correlation between PDDL and TSDD is -0.28, 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 Jul 15, 2025 | -0.28 |
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Return for Risk
PDDL vs. TSDD — Risk / Return Rank
PDDL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSDD
PDDL vs. TSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) 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.
| PDDL | 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
PDDL vs. TSDD - Drawdown Comparison
The maximum PDDL drawdown since its inception was -76.06%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for PDDL and TSDD.
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Drawdown Indicators
| PDDL | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.06% | -99.03% | +22.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.48% | — |
Current DrawdownCurrent decline from peak | -68.25% | -98.94% | +30.69% |
Average DrawdownAverage peak-to-trough decline | -33.56% | -72.07% | +38.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 54.47% | — |
Volatility
PDDL vs. TSDD - Volatility Comparison
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Volatility by Period
| PDDL | 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 | 67.85% | 89.68% | -21.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.85% | 114.68% | -46.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.85% | 114.68% | -46.83% |
PDDL vs. TSDD - Expense Ratio Comparison
PDDL has a 1.50% expense ratio, which is higher than TSDD's 0.95% expense ratio.
Dividends
PDDL vs. TSDD - Dividend Comparison
PDDL's dividend yield for the trailing twelve months is around 0.69%, less than TSDD's 9.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PDDL GraniteShares 2x Long PDD Daily ETF | 0.69% | 0.33% | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 9.08% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
PDDL and TSDD have a correlation of -0.28, 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 PDDL.
TSDD has the higher dividend yield at 9.08%, compared with 0.69% for PDDL.
PDDL is categorized as Leveraged Equities, while TSDD is Inverse Equities. Their fees differ too: 1.50% for PDDL and 0.95% for TSDD.
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