QCMD vs. TSDD
QCMD (Direxion Daily QCOM Bear 1X Shares) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both Inverse Equities funds. At a 0.39 correlation, their price movements are largely independent. QCMD charges 1.00%/yr vs 1.50%/yr for TSDD.
Performance
QCMD vs. TSDD - Performance Comparison
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Returns By Period
In the year-to-date period, QCMD achieves a -37.78% return, which is significantly lower than TSDD's -4.27% return.
QCMD
- 1D
- -5.39%
- 1M
- -32.32%
- YTD
- -37.78%
- 6M
- -38.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD
- 1D
- 0.14%
- 1M
- -17.41%
- YTD
- -4.27%
- 6M
- -7.92%
- 1Y
- -62.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCMD vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | -37.78% | -11.76% |
TSDD GraniteShares 2x Short TSLA Daily ETF | -4.27% | -60.71% |
Correlation
The correlation between QCMD and TSDD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.39 |
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Return for Risk
QCMD vs. TSDD — Risk / Return Rank
QCMD
TSDD
QCMD vs. TSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) 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
| QCMD | 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 | -1.01 | -0.66 | -0.35 |
Drawdowns
QCMD vs. TSDD - Drawdown Comparison
The maximum QCMD drawdown since its inception was -55.59%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for QCMD and TSDD.
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Drawdown Indicators
| QCMD | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -99.03% | +43.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.12% | — |
Current DrawdownCurrent decline from peak | -54.28% | -98.90% | +44.62% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -71.21% | +58.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 59.88% | — |
Volatility
QCMD vs. TSDD - Volatility Comparison
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Volatility by Period
| QCMD | 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 | 47.23% | 92.57% | -45.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.23% | 114.46% | -67.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.23% | 114.46% | -67.23% |
QCMD vs. TSDD - Expense Ratio Comparison
QCMD has a 1.00% expense ratio, which is lower than TSDD's 1.50% expense ratio.
Dividends
QCMD vs. TSDD - Dividend Comparison
QCMD's dividend yield for the trailing twelve months is around 3.82%, less than TSDD's 8.80% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | 3.82% | 1.77% | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.80% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
QCMD and TSDD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QCMD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QCMD is cheaper with a 1.00% expense ratio, compared with 1.50% for TSDD.
TSDD has the higher dividend yield at 8.80%, compared with 3.82% for QCMD.
They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.00% for QCMD and 1.50% for TSDD.
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