TLA vs. TSDD
TLA (GraniteShares Autocallable TSLA ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - TLA is a Derivative Income fund actively managed by GraniteShares, while TSDD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.88, they often move in opposite directions. TLA charges 1.07%/yr vs 1.50%/yr for TSDD.
Performance
TLA vs. TSDD - Performance Comparison
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Returns By Period
TLA
- 1D
- -1.25%
- 1M
- 0.17%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD
- 1D
- 13.04%
- 1M
- -1.15%
- YTD
- 11.00%
- 6M
- 10.93%
- 1Y
- -68.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLA vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | 3.78% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 0.82% |
Correlation
The correlation between TLA and TSDD is -0.88, 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 Feb 4, 2026 | -0.88 |
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Return for Risk
TLA vs. TSDD — Risk / Return Rank
TLA
TSDD
TLA vs. TSDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) 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
| TLA | TSDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | -0.65 | +1.46 |
Drawdowns
TLA vs. TSDD - Drawdown Comparison
The maximum TLA drawdown since its inception was -5.44%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for TLA and TSDD.
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Drawdown Indicators
| TLA | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -99.03% | +93.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -74.26% | — |
Current DrawdownCurrent decline from peak | -1.79% | -98.73% | +96.94% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -71.29% | +69.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 60.21% | — |
Volatility
TLA vs. TSDD - Volatility Comparison
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Volatility by Period
| TLA | TSDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 93.26% | -78.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 114.59% | -100.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 114.59% | -100.17% |
TLA vs. TSDD - Expense Ratio Comparison
TLA has a 1.07% expense ratio, which is lower than TSDD's 1.50% expense ratio.
Dividends
TLA vs. TSDD - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 6.55%, less than TSDD's 7.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TLA GraniteShares Autocallable TSLA ETF | 6.55% | 0.00% | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 7.59% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
TLA and TSDD have a correlation of -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLA is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLA is cheaper with a 1.07% expense ratio, compared with 1.50% for TSDD.
TSDD has the higher dividend yield at 7.59%, compared with 6.55% for TLA.
TLA is categorized as Derivative Income, while TSDD is Inverse Equities. Their fees differ too: 1.07% for TLA and 1.50% for TSDD.
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