PTIR vs. TSDD

Last updated Aug 4, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - PTIR is a Leveraged Equities fund tracking the Palantir Technologies Inc. (200%), while TSDD is a Inverse Equities fund actively managed by GraniteShares. PTIR is passively managed, while TSDD is actively managed. Over the past year, PTIR returned -54.43% vs -50.55% for TSDD. Their -0.40 correlation means they have often moved in opposite directions in the past. PTIR charges 1.04%/yr vs 0.95%/yr for TSDD.

Performance

PTIR vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) 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, PTIR achieves a -60.42% return, which is significantly lower than TSDD's 37.39% return.

PTIR

• 1D: 4.65%
• 1M: -7.52%
• 6M: -41.51%
• YTD: -60.42%
• 1Y: -54.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 170.19%

TSDD

• 1D: -7.09%
• 1M: 34.60%
• 6M: 24.94%
• YTD: 37.39%
• 1Y: -50.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -69.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PTIR GraniteShares 2x Long PLTR Daily ETF	$39.00M	$49.18M	$63.74M
TSDD GraniteShares 2x Short TSLA Daily ETF	$152.97M	$157.39M	$198.36M

PTIR vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-60.42%	221.36%	425.36%
TSDD GraniteShares 2x Short TSLA Daily ETF	37.39%	-74.84%	-84.37%

Correlation

The correlation between PTIR and TSDD is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.32
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	-0.40

PTIR vs. TSDD - Sectors Allocation Comparison

Sectors	PTIR	TSDD
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	200.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PTIR vs. TSDD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 7
PTIR Omega Ratio Rank: 7
PTIR Calmar Ratio Rank: 4
PTIR Martin Ratio Rank: 4

TSDD

TSDD Risk / Return Rank: 5
TSDD Sharpe Ratio Rank: 5
TSDD Sortino Ratio Rank: 6
TSDD Omega Ratio Rank: 6
TSDD Calmar Ratio Rank: 3
TSDD Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PTIR vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	TSDD	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	-0.55	+0.02
Sortino ratio: Return per unit of downside risk	-0.30	-0.43	+0.13
Omega ratio: Gain probability vs. loss probability	0.96	0.95	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.69	-0.74	+0.06
Martin ratio: Return relative to average drawdown	-1.12	-0.93	-0.19

PTIR vs. TSDD - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.52, which is comparable to the TSDD Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of PTIR and TSDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTIR vs. TSDD - Drawdown Comparison

The maximum PTIR drawdown since its inception was -79.40%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for PTIR and TSDD.

Drawdown Indicators

	PTIR	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-79.40%	-99.03%	+19.63%
Max Drawdown (1Y) Largest decline over 1 year	-79.40%	-68.22%	-11.18%
Current Drawdown Current decline from peak	-72.72%	-98.43%	+25.71%
Average Drawdown Average peak-to-trough decline	-31.14%	-72.64%	+41.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.78%	56.18%	-7.40%

Volatility

PTIR vs. TSDD - Volatility Comparison

The current volatility for GraniteShares 2x Long PLTR Daily ETF (PTIR) is 27.20%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 36.11%. This indicates that PTIR experiences smaller price fluctuations and is considered to be less risky than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.20%	36.11%	-8.91%
Volatility (6M) Calculated over the trailing 6-month period	81.38%	67.54%	+13.84%
Volatility (1Y) Calculated over the trailing 1-year period	104.63%	92.83%	+11.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.56%	115.19%	+12.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.56%	115.19%	+12.37%

PTIR vs. TSDD - Expense Ratio Comparison

PTIR has a 1.04% expense ratio, which is higher than TSDD's 0.95% expense ratio.

Dividends

PTIR vs. TSDD - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 14.68%, more than TSDD's 6.13% yield.

Position	TTM	2025	2024	2023
PTIR GraniteShares 2x Long PLTR Daily ETF	14.68%	5.81%	0.00%	0.00%
TSDD GraniteShares 2x Short TSLA Daily ETF	6.13%	8.42%	0.00%	24.84%

Frequently Asked Questions

Can I hold both PTIR and TSDD in my portfolio?

PTIR and TSDD have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or TSDD?

TSDD has higher volatility (36.11%) compared to PTIR (27.20%). In terms of maximum drawdown, PTIR dropped -79.40% vs TSDD's -99.03%.

Which ETF is better, PTIR or TSDD?

On 1-year performance, TSDD leads with -50.55% vs -54.43% for PTIR. On fees, TSDD is cheaper at 0.95% per year. On volatility, PTIR has been the lower-risk option at 27.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or TSDD?

Over the 1-year period, TSDD has performed better with a -50.55% return vs -54.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or TSDD?

TSDD is cheaper with a 0.95% expense ratio, compared with 1.04% for PTIR.

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

PTIR has the higher dividend yield at 14.68%, compared with 6.13% for TSDD.

What is the main difference between PTIR and TSDD?

PTIR is categorized as Leveraged Equities, while TSDD is Inverse Equities. Their fees differ too: 1.04% for PTIR and 0.95% for TSDD.

Which has better risk-adjusted returns?

PTIR currently has the higher Sharpe Ratio (-0.52 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.