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 -62.72% vs 20.86% for FNILX. At a correlation of -0.56, they often move in opposite directions. TSDD charges 0.95%/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 -2.07% return, which is significantly lower than FNILX's 10.25% return.
TSDD
- 1D
- -0.79%
- 1M
- -2.57%
- 6M
- -2.07%
- YTD
- -2.07%
- 1Y
- -62.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNILX
- 1D
- -0.81%
- 1M
- 1.24%
- 6M
- 8.42%
- YTD
- 10.25%
- 1Y
- 20.86%
- 3Y*
- 20.39%
- 5Y*
- 12.77%
- 10Y*
- —
TSDD vs. FNILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | -2.07% | -74.84% | -89.21% | -20.49% |
FNILX Fidelity ZERO Large Cap Index Fund | 10.25% | 17.81% | 25.47% | 9.55% |
Correlation
The correlation between TSDD and FNILX is -0.60, 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 | -0.60 |
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 -0.60 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 | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.35 | -3.25 |
| Martin ratioReturn relative to average drawdown | -1.15 | 10.10 | -11.24 |
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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 | -69.48% | -9.01% | -60.47% |
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 | -98.88% | -1.18% | -97.70% |
Average DrawdownAverage peak-to-trough decline | -72.14% | -5.32% | -66.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.77% | 2.09% | +52.68% |
Volatility
TSDD vs. FNILX - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 34.42% compared to Fidelity ZERO Large Cap Index Fund (FNILX) at 4.06%. 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 | 34.42% | 4.06% | +30.36% |
Volatility (6M)Calculated over the trailing 6-month period | 62.90% | 10.07% | +52.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.44% | 12.69% | +76.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.59% | 17.36% | +97.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.59% | 19.99% | +94.60% |
TSDD vs. FNILX - Expense Ratio Comparison
TSDD has a 0.95% 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 8.60%, more than FNILX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FNILX Fidelity ZERO Large Cap Index Fund | 0.92% | 1.01% | 1.09% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.60% | 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 -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDD has higher volatility (34.42%) compared to FNILX (4.06%). In terms of maximum drawdown, TSDD dropped -99.03% vs FNILX's -33.76%.
FNILX currently has the higher Sharpe Ratio (1.67 vs -0.70), 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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