QQQD vs. TSDD

Last updated Jun 4, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both Inverse Equities funds. QQQD is passively managed, while TSDD is actively managed. Over the past year, QQQD returned -21.80% vs -62.89% for TSDD. A 0.73 correlation means they provide meaningful diversification when combined. QQQD charges 0.57%/yr vs 1.50%/yr for TSDD.

Performance

QQQD vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) 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, QQQD achieves a -2.89% return, which is significantly higher than TSDD's -4.27% return.

QQQD

• 1D: 1.38%
• 1M: -1.88%
• YTD: -2.89%
• 6M: -2.43%
• 1Y: -21.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSDD

• 1D: 0.14%
• 1M: -17.41%
• YTD: -4.27%
• 6M: -7.92%
• 1Y: -62.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQD vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-2.89%	-20.32%	-27.69%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.27%	-74.84%	-93.30%

Correlation

The correlation between QQQD and TSDD is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.73

The correlation between QQQD and TSDD has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.

Return for Risk

QQQD vs. TSDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQD

QQQD Risk / Return Rank: 2
QQQD Sharpe Ratio Rank: 1
QQQD Sortino Ratio Rank: 1
QQQD Omega Ratio Rank: 2
QQQD Calmar Ratio Rank: 2
QQQD Martin Ratio Rank: 3

TSDD

TSDD Risk / Return Rank: 3
TSDD Sharpe Ratio Rank: 3
TSDD Sortino Ratio Rank: 3
TSDD Omega Ratio Rank: 3
TSDD Calmar Ratio Rank: 2
TSDD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQD vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) 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.

	QQQD	TSDD	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	-0.68	-0.40
Sortino ratio: Return per unit of downside risk	-1.55	-0.87	-0.68
Omega ratio: Gain probability vs. loss probability	0.83	0.90	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.83	+0.01
Martin ratio: Return relative to average drawdown	-1.23	-1.05	-0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQD vs. TSDD - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -1.08, which is lower than the TSDD Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of QQQD 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.

Sharpe Ratios by Period

	QQQD	TSDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.08	-0.68	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	-0.66	-0.20

Drawdowns

QQQD vs. TSDD - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for QQQD and TSDD.

Drawdown Indicators

	QQQD	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-99.03%	+49.56%
Max Drawdown (1Y) Largest decline over 1 year	-26.65%	-76.12%	+49.47%
Current Drawdown Current decline from peak	-47.50%	-98.90%	+51.40%
Average Drawdown Average peak-to-trough decline	-30.34%	-71.21%	+40.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.72%	59.88%	-42.16%

Volatility

QQQD vs. TSDD - Volatility Comparison

The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 4.76%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 24.19%. This indicates that QQQD 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

	QQQD	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	24.19%	-19.43%
Volatility (6M) Calculated over the trailing 6-month period	14.43%	54.90%	-40.47%
Volatility (1Y) Calculated over the trailing 1-year period	20.21%	92.57%	-72.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.77%	114.46%	-87.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.77%	114.46%	-87.69%

QQQD vs. TSDD - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

QQQD vs. TSDD - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 4.07%, less than TSDD's 8.80% yield.

Position	TTM	2025	2024	2023
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	4.07%	4.33%	5.17%	0.00%
TSDD GraniteShares 2x Short TSLA Daily ETF	8.80%	8.42%	0.00%	24.84%

Frequently Asked Questions

Can I hold both QQQD and TSDD in my portfolio?

QQQD and TSDD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQD or TSDD?

TSDD has higher volatility (24.19%) compared to QQQD (4.76%). In terms of maximum drawdown, QQQD dropped -49.47% vs TSDD's -99.03%.

Which ETF is better, QQQD or TSDD?

On 1-year performance, QQQD leads with -21.80% vs -62.89% for TSDD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or TSDD?

Over the 1-year period, QQQD has performed better with a -21.80% return vs -62.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or TSDD?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.50% for TSDD.

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

TSDD has the higher dividend yield at 8.80%, compared with 4.07% for QQQD.

What is the main difference between QQQD and TSDD?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.57% for QQQD and 1.50% for TSDD.

Which has better risk-adjusted returns?

TSDD currently has the higher Sharpe Ratio (-0.68 vs -1.08), 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.