TSDD vs. FNILX
TSDD (GraniteShares 2x Short TSLA Daily ETF) and FNILX (Fidelity ZERO Large Cap Index Fund) are both funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past year, TSDD returned -50.78% vs 21.96% for FNILX. At a correlation of -0.56, they often move in opposite directions. TSDD charges 1.50%/yr vs 0.00%/yr for FNILX.
Performance
TSDD vs. FNILX - Performance Comparison
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Returns By Period
In the year-to-date period, TSDD achieves a 16.49% return, which is significantly higher than FNILX's 8.03% return.
TSDD
- 1D
- 3.27%
- 1M
- 22.02%
- YTD
- 16.49%
- 6M
- 35.49%
- 1Y
- -50.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNILX
- 1D
- -1.46%
- 1M
- -1.13%
- YTD
- 8.03%
- 6M
- 6.72%
- 1Y
- 21.96%
- 3Y*
- 21.06%
- 5Y*
- 12.84%
- 10Y*
- —
TSDD vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 16.49% | -74.84% | -89.21% | -20.49% |
FNILX Fidelity ZERO Large Cap Index Fund | 8.03% | 17.81% | 25.47% | 9.55% |
Correlation
The correlation between TSDD and FNILX is -0.57, 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 | -0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.56 |
The correlation between TSDD and FNILX has been stable across timeframes, ranging from -0.57 to -0.56 - a consistent structural relationship.
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Return for Risk
TSDD vs. FNILX — Risk / Return Rank
TSDD
FNILX
TSDD vs. FNILX - Risk-Adjusted Trends 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.
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 | FNILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.33 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 2.60 | -3.30 |
| Martin ratioReturn relative to average drawdown | -0.90 | 11.43 | -12.33 |
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Drawdowns
TSDD vs. FNILX - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than FNILX's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for TSDD and FNILX.
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Drawdown Indicators
| TSDD | FNILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -33.76% | -65.27% |
Max Drawdown (1Y)Largest decline over 1 year | -72.39% | -9.01% | -63.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.40% | — |
Current DrawdownCurrent decline from peak | -98.67% | -3.16% | -95.51% |
Average DrawdownAverage peak-to-trough decline | -71.66% | -5.34% | -66.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.62% | 2.04% | +54.58% |
Volatility
TSDD vs. FNILX - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 27.44% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 5.05%. 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.
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Volatility by Period
| TSDD | FNILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.44% | 5.05% | +22.39% |
Volatility (6M)Calculated over the trailing 6-month period | 56.84% | 9.99% | +46.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.78% | 12.68% | +75.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.26% | 17.36% | +96.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.26% | 20.04% | +94.22% |
TSDD vs. FNILX - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Dividends
TSDD vs. FNILX - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 7.23%, more than FNILX's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 0.94% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 7.23% | 8.42% | 0.00% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSDD and FNILX have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDD has higher volatility (27.44%) compared to FNILX (5.05%). In terms of maximum drawdown, TSDD dropped -99.03% vs FNILX's -33.76%.
FNILX currently has the higher Sharpe Ratio (1.85 vs -0.58), 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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