TSDD vs. AMZD

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and Direxion Daily AMZN Bear 1X Shares (AMZD).

TSDD and AMZD 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. AMZD is a passively managed fund by Direxion that tracks the performance of the Amazon.com, Inc. (-100%). It was launched on Sep 6, 2022.

Performance

TSDD vs. AMZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short TSLA Daily ETF (TSDD) and Direxion Daily AMZN Bear 1X Shares (AMZD). The values are adjusted to include any dividend payments, if applicable.

TSDD vs. AMZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSDD GraniteShares 2x Short TSLA Daily ETF	35.06%	-74.84%	-89.21%	-20.49%
AMZD Direxion Daily AMZN Bear 1X Shares	9.88%	-9.84%	-30.80%	-11.71%

Returns By Period

In the year-to-date period, TSDD achieves a 35.06% return, which is significantly higher than AMZD's 9.88% return.

TSDD

• 1D: -9.22%
• 1M: 13.73%
• YTD: 35.06%
• 6M: 13.74%
• 1Y: -80.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZD

• 1D: -3.65%
• 1M: 0.55%
• YTD: 9.88%
• 6M: 3.33%
• 1Y: -13.66%
• 3Y*: -22.80%
• 5Y*: —
• 10Y*: —

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

TSDD vs. AMZD - Expense Ratio Comparison

TSDD has a 1.50% expense ratio, which is higher than AMZD's 1.09% expense ratio.

TSDD

GraniteShares 2x Short TSLA Daily ETF

AMZD

Direxion Daily AMZN Bear 1X Shares

Return for Risk

TSDD vs. AMZD — Risk / Return Rank

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

TSDD

TSDD Risk / Return Rank: 2
TSDD Sharpe Ratio Rank: 2
TSDD Sortino Ratio Rank: 1
TSDD Omega Ratio Rank: 1
TSDD Calmar Ratio Rank: 1
TSDD Martin Ratio Rank: 4

AMZD

AMZD Risk / Return Rank: 6
AMZD Sharpe Ratio Rank: 5
AMZD Sortino Ratio Rank: 6
AMZD Omega Ratio Rank: 5
AMZD Calmar Ratio Rank: 6
AMZD Martin Ratio Rank: 8

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.

TSDD vs. AMZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Direxion Daily AMZN Bear 1X Shares (AMZD). 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.

	TSDD	AMZD	Difference
Sharpe ratio Return per unit of total volatility	-0.73	-0.39	-0.34
Sortino ratio Return per unit of downside risk	-1.15	-0.33	-0.82
Omega ratio Gain probability vs. loss probability	0.86	0.96	-0.10
Calmar ratio Return relative to maximum drawdown	-0.88	-0.35	-0.53
Martin ratio Return relative to average drawdown	-1.02	-0.51	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSDD vs. AMZD - Sharpe Ratio Comparison

The current TSDD Sharpe Ratio is -0.73, which is lower than the AMZD Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of TSDD and AMZD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSDD	AMZD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.73	-0.39	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	-0.48	-0.16

Correlation

The correlation between TSDD and AMZD is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TSDD vs. AMZD - Dividend Comparison

TSDD's dividend yield for the trailing twelve months is around 6.24%, more than AMZD's 2.85% yield.

	TTM	2025	2024	2023	2022
TSDD GraniteShares 2x Short TSLA Daily ETF	6.24%	8.42%	0.00%	24.84%	0.00%
AMZD Direxion Daily AMZN Bear 1X Shares	2.85%	3.61%	5.15%	6.83%	2.45%

Drawdowns

TSDD vs. AMZD - Drawdown Comparison

The maximum TSDD drawdown since its inception was -99.03%, which is greater than AMZD's maximum drawdown of -70.44%. Use the drawdown chart below to compare losses from any high point for TSDD and AMZD.

Drawdown Indicators

	TSDD	AMZD	Difference
Max Drawdown Largest peak-to-trough decline	-99.03%	-70.44%	-28.59%
Max Drawdown (1Y) Largest decline over 1 year	-90.32%	-35.54%	-54.78%
Current Drawdown Current decline from peak	-98.45%	-64.25%	-34.20%
Average Drawdown Average peak-to-trough decline	-69.36%	-48.04%	-21.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.72%	24.83%	+52.89%

Volatility

TSDD vs. AMZD - Volatility Comparison

GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 22.66% compared to Direxion Daily AMZN Bear 1X Shares (AMZD) at 9.69%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than AMZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSDD	AMZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.66%	9.69%	+12.97%
Volatility (6M) Calculated over the trailing 6-month period	59.34%	23.17%	+36.17%
Volatility (1Y) Calculated over the trailing 1-year period	110.31%	35.02%	+75.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.28%	33.63%	+82.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.28%	33.63%	+82.65%