TSDD vs. CAR-UN.TO
TSDD (GraniteShares 2x Short TSLA Daily ETF) is Inverse Equities fund actively managed by GraniteShares, while CAR-UN.TO (Canadian Apartment Properties Real Estate Investment Trust) is a stock. Over the past year, TSDD returned -63.05% vs -21.50% for CAR-UN.TO. At a correlation of -0.13, they often move in opposite directions.
Performance
TSDD vs. CAR-UN.TO - Performance Comparison
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Different Trading Currencies
TSDD is traded in USD, while CAR-UN.TO is traded in CAD. To make them comparable, the CAR-UN.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSDD achieves a -1.55% return, which is significantly higher than CAR-UN.TO's -4.13% return.
TSDD
- 1D
- -2.06%
- 1M
- 0.66%
- YTD
- -1.55%
- 6M
- 8.10%
- 1Y
- -63.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CAR-UN.TO
- 1D
- -0.97%
- 1M
- 4.70%
- YTD
- -4.13%
- 6M
- -3.65%
- 1Y
- -21.50%
- 3Y*
- -9.51%
- 5Y*
- -9.24%
- 10Y*
- 3.54%
TSDD vs. CAR-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | -1.55% | -74.84% | -89.21% | -20.49% |
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust | -4.13% | -8.13% | -16.89% | 5.70% |
Correlation
The correlation between TSDD and CAR-UN.TO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.13 |
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Return for Risk
TSDD vs. CAR-UN.TO — Risk / Return Rank
TSDD
CAR-UN.TO
TSDD vs. CAR-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO). 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 | CAR-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.83 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.78 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.24 | +0.11 |
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Drawdowns
TSDD vs. CAR-UN.TO - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than CAR-UN.TO's maximum drawdown of -50.42%. Use the drawdown chart below to compare losses from any high point for TSDD and CAR-UN.TO.
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Drawdown Indicators
| TSDD | CAR-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -50.42% | -48.61% |
Max Drawdown (1Y)Largest decline over 1 year | -72.39% | -27.51% | -44.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.95% | — |
Current DrawdownCurrent decline from peak | -98.87% | -42.37% | -56.50% |
Average DrawdownAverage peak-to-trough decline | -71.42% | -14.11% | -57.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.75% | 17.35% | +38.40% |
Volatility
TSDD vs. CAR-UN.TO - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 28.08% compared to Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) at 6.10%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than CAR-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDD | CAR-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.08% | 6.10% | +21.98% |
Volatility (6M)Calculated over the trailing 6-month period | 57.62% | 14.18% | +43.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.83% | 18.70% | +70.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.45% | 22.27% | +92.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.45% | 22.19% | +92.26% |
Dividends
TSDD vs. CAR-UN.TO - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 8.55%, more than CAR-UN.TO's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust | 4.43% | 4.29% | 3.45% | 2.97% | 3.40% | 2.35% | 2.76% | 2.59% | 2.96% | 3.42% | 3.94% | 4.50% |
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 CAR-UN.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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