TSDD vs. FNILX
Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and Fidelity ZERO Large Cap Index Fund (FNILX).
TSDD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSDD or FNILX.
Correlation
The correlation between TSDD and FNILX is -0.48. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TSDD vs. FNILX - Performance Comparison
Key characteristics
TSDD:
-0.72
FNILX:
2.13
TSDD:
-1.45
FNILX:
2.84
TSDD:
0.81
FNILX:
1.39
TSDD:
-0.93
FNILX:
3.15
TSDD:
-1.50
FNILX:
13.80
TSDD:
59.83%
FNILX:
1.97%
TSDD:
125.31%
FNILX:
12.77%
TSDD:
-96.59%
FNILX:
-33.75%
TSDD:
-95.72%
FNILX:
-3.70%
Returns By Period
In the year-to-date period, TSDD achieves a -89.85% return, which is significantly lower than FNILX's 25.28% return.
TSDD
-89.85%
-40.60%
-91.36%
-89.60%
N/A
N/A
FNILX
25.28%
-0.61%
8.70%
25.91%
14.69%
N/A
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TSDD vs. FNILX - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Risk-Adjusted Performance
TSDD vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.
Dividends
TSDD vs. FNILX - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 244.74%, more than FNILX's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 244.74% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.02% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.41% |
Drawdowns
TSDD vs. FNILX - Drawdown Comparison
The maximum TSDD drawdown since its inception was -96.59%, which is greater than FNILX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for TSDD and FNILX. For additional features, visit the drawdowns tool.
Volatility
TSDD vs. FNILX - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 32.73% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.08%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.