TSDD vs. AQN
TSDD (GraniteShares 2x Short TSLA Daily ETF) is Inverse Equities fund actively managed by GraniteShares, while AQN (Algonquin Power & Utilities Corp) is a stock. Over the past year, TSDD returned -63.05% vs 7.06% for AQN. At a correlation of -0.17, they often move in opposite directions.
Performance
TSDD vs. AQN - Performance Comparison
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Returns By Period
In the year-to-date period, TSDD achieves a -1.55% return, which is significantly lower than AQN's -1.40% return.
TSDD
- 1D
- -2.06%
- 1M
- 0.66%
- YTD
- -1.55%
- 6M
- 8.10%
- 1Y
- -63.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AQN
- 1D
- 1.01%
- 1M
- 4.35%
- YTD
- -1.40%
- 6M
- 2.99%
- 1Y
- 7.06%
- 3Y*
- -5.53%
- 5Y*
- -12.99%
- 10Y*
- 0.81%
TSDD vs. AQN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | -1.55% | -74.84% | -89.21% | -20.49% |
AQN Algonquin Power & Utilities Corp | -1.40% | 44.80% | -25.01% | -8.98% |
Correlation
The correlation between TSDD and AQN is -0.15, 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 (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.17 |
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Return for Risk
TSDD vs. AQN — Risk / Return Rank
TSDD
AQN
TSDD vs. AQN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Algonquin Power & Utilities Corp (AQN). 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.
| TSDD | AQN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.08 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.42 | -1.30 |
| Martin ratioReturn relative to average drawdown | -1.13 | 0.97 | -2.10 |
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Drawdowns
TSDD vs. AQN - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than AQN's maximum drawdown of -69.73%. Use the drawdown chart below to compare losses from any high point for TSDD and AQN.
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Drawdown Indicators
| TSDD | AQN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -69.73% | -29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -72.39% | -16.74% | -55.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -44.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.73% | — |
Current DrawdownCurrent decline from peak | -98.87% | -54.71% | -44.16% |
Average DrawdownAverage peak-to-trough decline | -71.42% | -18.32% | -53.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.75% | 7.32% | +48.43% |
Volatility
TSDD vs. AQN - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 28.08% compared to Algonquin Power & Utilities Corp (AQN) at 5.41%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than AQN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDD | AQN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.08% | 5.41% | +22.67% |
Volatility (6M)Calculated over the trailing 6-month period | 57.62% | 18.67% | +38.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.83% | 24.09% | +64.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.45% | 30.56% | +83.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.45% | 27.98% | +86.47% |
Dividends
TSDD vs. AQN - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 8.55%, more than AQN's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AQN Algonquin Power & Utilities Corp | 4.33% | 4.23% | 7.80% | 6.87% | 10.94% | 4.62% | 3.68% | 3.90% | 4.99% | 4.18% | 4.88% | 4.77% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.55% | 8.42% | 0.00% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSDD and AQN have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDD has higher volatility (28.08%) compared to AQN (5.41%). In terms of maximum drawdown, TSDD dropped -99.03% vs AQN's -69.73%.
AQN currently has the higher Sharpe Ratio (0.30 vs -0.71), 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.
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