TSDD vs. AAPU
Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and Direxion Daily AAPL Bull 2X Shares (AAPU).
TSDD and AAPU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSDD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. AAPU is a passively managed fund by Direxion that tracks the performance of the Apple Inc. (150%). It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSDD or AAPU.
Key characteristics
| TSDD | AAPU | |
|---|---|---|
| YTD Return | -83.37% | 29.14% |
| 1Y Return | -87.02% | 34.58% |
| Sharpe Ratio | -0.73 | 0.92 |
| Sortino Ratio | -1.32 | 1.54 |
| Omega Ratio | 0.82 | 1.19 |
| Calmar Ratio | -0.94 | 1.38 |
| Martin Ratio | -1.70 | 3.21 |
| Ulcer Index | 51.54% | 12.22% |
| Daily Std Dev | 120.68% | 42.45% |
| Max Drawdown | -92.98% | -41.79% |
| Current Drawdown | -92.98% | -12.65% |
Correlation
The correlation between TSDD and AAPU is -0.38. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TSDD vs. AAPU - Performance Comparison
In the year-to-date period, TSDD achieves a -83.37% return, which is significantly lower than AAPU's 29.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSDD vs. AAPU - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than AAPU's 1.04% expense ratio.
Risk-Adjusted Performance
TSDD vs. AAPU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Direxion Daily AAPL Bull 2X Shares (AAPU). 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.
Dividends
TSDD vs. AAPU - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 149.30%, more than AAPU's 2.40% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 149.30% | 24.84% | 0.00% |
AAPU Direxion Daily AAPL Bull 2X Shares | 2.40% | 2.32% | 0.79% |
Drawdowns
TSDD vs. AAPU - Drawdown Comparison
The maximum TSDD drawdown since its inception was -92.98%, which is greater than AAPU's maximum drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for TSDD and AAPU. For additional features, visit the drawdowns tool.
Volatility
TSDD vs. AAPU - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 70.41% compared to Direxion Daily AAPL Bull 2X Shares (AAPU) at 10.74%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than AAPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.