TSDD vs. FIAT
TSDD (GraniteShares 2x Short TSLA Daily ETF) and FIAT (YieldMax Short COIN Option Income Strategy ETF) are both exchange-traded funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while FIAT is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, TSDD returned -54.15% vs 51.22% for FIAT. At a 0.46 correlation, their price movements are largely independent. TSDD charges 1.50%/yr vs 0.99%/yr for FIAT.
Performance
TSDD vs. FIAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSDD achieves a 16.69% return, which is significantly lower than FIAT's 25.08% return.
TSDD
- 1D
- 0.17%
- 1M
- 26.86%
- YTD
- 16.69%
- 6M
- 35.71%
- 1Y
- -54.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT
- 1D
- 3.97%
- 1M
- 18.03%
- YTD
- 25.08%
- 6M
- 30.07%
- 1Y
- 51.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD vs. FIAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 16.69% | -74.84% | -79.61% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 25.08% | -24.17% | -28.04% |
Correlation
The correlation between TSDD and FIAT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSDD vs. FIAT — Risk / Return Rank
TSDD
FIAT
TSDD vs. FIAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and YieldMax Short COIN Option Income Strategy ETF (FIAT). 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 | FIAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.20 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 1.50 | -2.25 |
| Martin ratioReturn relative to average drawdown | -0.95 | 3.27 | -4.22 |
Loading charts...
Drawdowns
TSDD vs. FIAT - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than FIAT's maximum drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for TSDD and FIAT.
Loading charts...
Drawdown Indicators
| TSDD | FIAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -70.50% | -28.53% |
Max Drawdown (1Y)Largest decline over 1 year | -72.39% | -34.22% | -38.17% |
Current DrawdownCurrent decline from peak | -98.66% | -46.09% | -52.57% |
Average DrawdownAverage peak-to-trough decline | -71.69% | -45.40% | -26.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.75% | 15.74% | +41.01% |
Volatility
TSDD vs. FIAT - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 27.02% compared to YieldMax Short COIN Option Income Strategy ETF (FIAT) at 14.53%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than FIAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSDD | FIAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.02% | 14.53% | +12.49% |
Volatility (6M)Calculated over the trailing 6-month period | 56.73% | 43.12% | +13.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.65% | 52.81% | +34.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.18% | 60.24% | +53.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.18% | 60.24% | +53.94% |
TSDD vs. FIAT - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than FIAT's 0.99% expense ratio.
Dividends
TSDD vs. FIAT - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 7.22%, less than FIAT's 95.94% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 95.94% | 178.11% | 70.99% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 7.22% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
TSDD and FIAT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDD has higher volatility (27.02%) compared to FIAT (14.53%). In terms of maximum drawdown, TSDD dropped -99.03% vs FIAT's -70.50%.
On 1-year performance, FIAT leads with 51.22% vs -54.15% for TSDD. On fees, FIAT is cheaper at 0.99% per year. On volatility, FIAT has been the lower-risk option at 14.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FIAT has performed better with a 51.22% return vs -54.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIAT is cheaper with a 0.99% expense ratio, compared with 1.50% for TSDD.
FIAT has the higher dividend yield at 95.94%, compared with 7.22% for TSDD.
TSDD is categorized as Inverse Equities, while FIAT is Derivative Income. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.50% for TSDD and 0.99% for FIAT.
FIAT currently has the higher Sharpe Ratio (0.97 vs -0.62), 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.
Find the right allocation for TSDD and FIAT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer