TSDD vs. ORCS
TSDD (GraniteShares 2x Short TSLA Daily ETF) and ORCS (Direxion Daily ORCL Bear 1X ETF) are both Inverse Equities funds. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. TSDD charges 0.95%/yr vs 0.97%/yr for ORCS.
Performance
TSDD vs. ORCS - 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 ORCS's 29.11% return.
TSDD
- 1D
- -0.79%
- 1M
- -2.57%
- 6M
- -2.07%
- YTD
- -2.07%
- 1Y
- -62.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ORCS
- 1D
- 2.88%
- 1M
- 40.95%
- 6M
- 34.55%
- YTD
- 29.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD vs. ORCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | -2.07% | -23.83% |
ORCS Direxion Daily ORCL Bear 1X ETF | 29.11% | 11.07% |
Correlation
The correlation between TSDD and ORCS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.38 |
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Return for Risk
TSDD vs. ORCS — Risk / Return Rank
TSDD
ORCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSDD vs. ORCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Direxion Daily ORCL Bear 1X ETF (ORCS). 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 | ORCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | — | — |
| Martin ratioReturn relative to average drawdown | -1.15 | — | — |
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Drawdowns
TSDD vs. ORCS - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than ORCS's maximum drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for TSDD and ORCS.
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Drawdown Indicators
| TSDD | ORCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -50.25% | -48.78% |
Max Drawdown (1Y)Largest decline over 1 year | -69.48% | — | — |
Current DrawdownCurrent decline from peak | -98.88% | -7.63% | -91.25% |
Average DrawdownAverage peak-to-trough decline | -72.14% | -16.35% | -55.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.77% | — | — |
Volatility
TSDD vs. ORCS - Volatility Comparison
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Volatility by Period
| TSDD | ORCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 62.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.44% | 59.72% | +29.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.59% | 59.72% | +54.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.59% | 59.72% | +54.87% |
TSDD vs. ORCS - Expense Ratio Comparison
TSDD has a 0.95% expense ratio, which is lower than ORCS's 0.97% expense ratio.
Dividends
TSDD vs. ORCS - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 8.60%, more than ORCS's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ORCS Direxion Daily ORCL Bear 1X ETF | 1.11% | 0.26% | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.60% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
TSDD and ORCS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSDD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSDD is cheaper with a 0.95% expense ratio, compared with 0.97% for ORCS.
TSDD has the higher dividend yield at 8.60%, compared with 1.11% for ORCS.
They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 0.95% for TSDD and 0.97% for ORCS.
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