TSDD vs. CGL-C.TO
TSDD (GraniteShares 2x Short TSLA Daily ETF) and CGL-C.TO (iShares Gold Bullion ETF) are both exchange-traded funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while CGL-C.TO is a Gold fund tracking the LBMA Gold Price (CAD). TSDD is actively managed, while CGL-C.TO is passively managed. Over the past year, TSDD returned -63.05% vs 25.26% for CGL-C.TO. At a correlation of -0.02, they often move in opposite directions. TSDD charges 1.50%/yr vs 0.55%/yr for CGL-C.TO.
Performance
TSDD vs. CGL-C.TO - Performance Comparison
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Different Trading Currencies
TSDD is traded in USD, while CGL-C.TO is traded in CAD. To make them comparable, the CGL-C.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 lower than CGL-C.TO's -0.02% return.
TSDD
- 1D
- -2.06%
- 1M
- 0.66%
- YTD
- -1.55%
- 6M
- 8.10%
- 1Y
- -63.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGL-C.TO
- 1D
- 2.63%
- 1M
- -5.00%
- YTD
- -0.02%
- 6M
- 0.27%
- 1Y
- 25.26%
- 3Y*
- 29.60%
- 5Y*
- 17.95%
- 10Y*
- 12.13%
TSDD vs. CGL-C.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | -1.55% | -74.84% | -89.21% | -20.49% |
CGL-C.TO iShares Gold Bullion ETF | -0.02% | 62.99% | 26.68% | 8.60% |
Correlation
The correlation between TSDD and CGL-C.TO 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 | -0.02 |
The correlation between TSDD and CGL-C.TO shifts across timeframes, from -0.15 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSDD vs. CGL-C.TO — Risk / Return Rank
TSDD
CGL-C.TO
TSDD vs. CGL-C.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and iShares Gold Bullion ETF (CGL-C.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 | CGL-C.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.20 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.04 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.13 | 3.00 | -4.14 |
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Drawdowns
TSDD vs. CGL-C.TO - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than CGL-C.TO's maximum drawdown of -42.11%. Use the drawdown chart below to compare losses from any high point for TSDD and CGL-C.TO.
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Drawdown Indicators
| TSDD | CGL-C.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -42.11% | -56.92% |
Max Drawdown (1Y)Largest decline over 1 year | -72.39% | -24.32% | -48.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.32% | — |
Current DrawdownCurrent decline from peak | -98.87% | -19.73% | -79.14% |
Average DrawdownAverage peak-to-trough decline | -71.42% | -18.51% | -52.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.75% | 8.46% | +47.29% |
Volatility
TSDD vs. CGL-C.TO - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 28.08% compared to iShares Gold Bullion ETF (CGL-C.TO) at 8.18%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than CGL-C.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 | CGL-C.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.08% | 8.18% | +19.90% |
Volatility (6M)Calculated over the trailing 6-month period | 57.62% | 23.01% | +34.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.83% | 26.82% | +62.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.45% | 18.25% | +96.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.45% | 16.75% | +97.70% |
TSDD vs. CGL-C.TO - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than CGL-C.TO's 0.55% expense ratio.
Dividends
TSDD vs. CGL-C.TO - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 8.55%, while CGL-C.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CGL-C.TO iShares Gold Bullion ETF | 0.00% | 0.00% | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.55% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
TSDD and CGL-C.TO 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.
On fees, CGL-C.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGL-C.TO is cheaper with a 0.55% expense ratio, compared with 1.50% for TSDD.
TSDD is categorized as Inverse Equities, while CGL-C.TO is Gold. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.50% for TSDD and 0.55% for CGL-C.TO.
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