RDTL vs. TSMG

Last updated Jun 23, 2026

RDTL (GraniteShares 2x Long RDDT Daily ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, RDTL returned -17.21% vs 295.67% for TSMG. At a 0.28 correlation, their price movements are largely independent. RDTL charges 1.50%/yr vs 0.75%/yr for TSMG.

Performance

RDTL vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long RDDT Daily ETF (RDTL) and Leverage Shares 2X Long TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTL achieves a -59.26% return, which is significantly lower than TSMG's 108.52% return.

RDTL

• 1D: -4.71%
• 1M: 35.48%
• YTD: -59.26%
• 6M: -60.59%
• 1Y: -17.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: 2.19%
• 1M: 30.51%
• YTD: 108.52%
• 6M: 123.61%
• 1Y: 295.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDTL vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
RDTL GraniteShares 2x Long RDDT Daily ETF	-59.26%	104.22%
TSMG Leverage Shares 2X Long TSM Daily ETF	108.52%	134.55%

Correlation

The correlation between RDTL and TSMG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	0.28

Return for Risk

RDTL vs. TSMG — Risk / Return Rank

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

RDTL

RDTL Risk / Return Rank: 10
RDTL Sharpe Ratio Rank: 7
RDTL Sortino Ratio Rank: 15
RDTL Omega Ratio Rank: 14
RDTL Calmar Ratio Rank: 7
RDTL Martin Ratio Rank: 7

TSMG

TSMG Risk / Return Rank: 90
TSMG Sharpe Ratio Rank: 96
TSMG Sortino Ratio Rank: 84
TSMG Omega Ratio Rank: 77
TSMG Calmar Ratio Rank: 96
TSMG Martin Ratio Rank: 95

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.

RDTL vs. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RDDT Daily ETF (RDTL) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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.

	RDTL	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	3.95	-4.08
Sortino ratio: Return per unit of downside risk	0.76	3.58	-2.82
Omega ratio: Gain probability vs. loss probability	1.09	1.44	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.20	8.44	-8.64
Martin ratio: Return relative to average drawdown	-0.31	27.04	-27.35

RDTL vs. TSMG - Sharpe Ratio Comparison

The current RDTL Sharpe Ratio is -0.13, which is lower than the TSMG Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of RDTL and TSMG, 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

RDTL vs. TSMG - Drawdown Comparison

The maximum RDTL drawdown since its inception was -85.21%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for RDTL and TSMG.

Drawdown Indicators

	RDTL	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-85.21%	-63.67%	-21.54%
Max Drawdown (1Y) Largest decline over 1 year	-85.21%	-35.29%	-49.92%
Current Drawdown Current decline from peak	-75.20%	0.00%	-75.20%
Average Drawdown Average peak-to-trough decline	-44.82%	-16.65%	-28.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.32%	10.99%	+44.33%

Volatility

RDTL vs. TSMG - Volatility Comparison

GraniteShares 2x Long RDDT Daily ETF (RDTL) has a higher volatility of 48.63% compared to Leverage Shares 2X Long TSM Daily ETF (TSMG) at 29.04%. This indicates that RDTL's price experiences larger fluctuations and is considered to be riskier than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTL	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.63%	29.04%	+19.59%
Volatility (6M) Calculated over the trailing 6-month period	95.60%	59.04%	+36.56%
Volatility (1Y) Calculated over the trailing 1-year period	132.04%	75.62%	+56.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.17%	82.51%	+60.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.17%	82.51%	+60.66%

RDTL vs. TSMG - Expense Ratio Comparison

RDTL has a 1.50% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

RDTL vs. TSMG - Dividend Comparison

RDTL has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 5.51%.

Position	TTM	2025
RDTL GraniteShares 2x Long RDDT Daily ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	5.51%	11.48%

Frequently Asked Questions

Can I hold both RDTL and TSMG in my portfolio?

RDTL and TSMG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTL or TSMG?

RDTL has higher volatility (48.63%) compared to TSMG (29.04%). In terms of maximum drawdown, RDTL dropped -85.21% vs TSMG's -63.67%.

Which ETF is better, RDTL or TSMG?

On 1-year performance, TSMG leads with 295.67% vs -17.21% for RDTL. On fees, TSMG is cheaper at 0.75% per year. On volatility, TSMG has been the lower-risk option at 29.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTL or TSMG?

Over the 1-year period, TSMG has performed better with a 295.67% return vs -17.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTL or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 1.50% for RDTL.

Which ETF pays a higher dividend yield, RDTL or TSMG?

TSMG has the higher dividend yield at 5.51%, compared with 0.00% for RDTL.

What is the main difference between RDTL and TSMG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for RDTL and 0.75% for TSMG.

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (3.95 vs -0.13), 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.