TSDD vs. HDGE
Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and AdvisorShares Ranger Equity Bear ETF (HDGE).
TSDD and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSDD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.
Performance
TSDD vs. HDGE - Performance Comparison
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TSDD vs. HDGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 35.06% | -74.84% | -89.21% | -20.49% |
HDGE AdvisorShares Ranger Equity Bear ETF | 12.05% | 1.50% | -8.01% | -5.95% |
Returns By Period
In the year-to-date period, TSDD achieves a 35.06% return, which is significantly higher than HDGE's 12.05% return.
TSDD
- 1D
- -9.22%
- 1M
- 13.73%
- YTD
- 35.06%
- 6M
- 13.74%
- 1Y
- -80.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDGE
- 1D
- -1.94%
- 1M
- 4.54%
- YTD
- 12.05%
- 6M
- 13.38%
- 1Y
- 4.28%
- 3Y*
- -4.77%
- 5Y*
- -2.67%
- 10Y*
- -14.57%
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TSDD vs. HDGE - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is lower than HDGE's 3.36% expense ratio.
Return for Risk
TSDD vs. HDGE — Risk / Return Rank
TSDD
HDGE
TSDD vs. HDGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and AdvisorShares Ranger Equity Bear ETF (HDGE). 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.
| TSDD | HDGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.73 | 0.22 | -0.94 |
Sortino ratioReturn per unit of downside risk | -1.15 | 0.45 | -1.60 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.06 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.88 | 0.21 | -1.09 |
Martin ratioReturn relative to average drawdown | -1.02 | 0.30 | -1.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSDD | HDGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | 0.22 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.66 | +0.02 |
Correlation
The correlation between TSDD and HDGE is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TSDD vs. HDGE - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 6.24%, more than HDGE's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 6.24% | 8.42% | 0.00% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% |
HDGE AdvisorShares Ranger Equity Bear ETF | 3.12% | 3.50% | 7.83% | 9.58% | 0.00% | 0.00% | 0.00% | 0.22% |
Drawdowns
TSDD vs. HDGE - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than HDGE's maximum drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for TSDD and HDGE.
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Drawdown Indicators
| TSDD | HDGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -93.88% | -5.15% |
Max Drawdown (1Y)Largest decline over 1 year | -90.32% | -19.63% | -70.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.69% | — |
Current DrawdownCurrent decline from peak | -98.45% | -92.64% | -5.81% |
Average DrawdownAverage peak-to-trough decline | -69.36% | -69.85% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.72% | 13.53% | +64.19% |
Volatility
TSDD vs. HDGE - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 22.66% compared to AdvisorShares Ranger Equity Bear ETF (HDGE) at 4.48%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than HDGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDD | HDGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.66% | 4.48% | +18.18% |
Volatility (6M)Calculated over the trailing 6-month period | 59.34% | 12.17% | +47.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.31% | 19.95% | +90.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.28% | 23.96% | +92.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.28% | 23.51% | +92.77% |