TSDD vs. QDAY.NEO

Last updated Jun 16, 2026

TSDD (GraniteShares 2x Short TSLA Daily ETF) and QDAY.NEO (Hamilton EnhancedTechnology DayMAX™ ETF) are both exchange-traded funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while QDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. At a correlation of -0.48, they often move in opposite directions. TSDD charges 1.50%/yr vs 0.85%/yr for QDAY.NEO.

Performance

TSDD vs. QDAY.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short TSLA Daily ETF (TSDD) and Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSDD is traded in USD, while QDAY.NEO is traded in CAD. To make them comparable, the QDAY.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSDD achieves a -1.55% return, which is significantly lower than QDAY.NEO's 27.76% return.

TSDD

• 1D: -2.06%
• 1M: 0.66%
• YTD: -1.55%
• 6M: 8.10%
• 1Y: -63.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDAY.NEO

• 1D: 3.70%
• 1M: 5.38%
• YTD: 27.76%
• 6M: 29.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSDD vs. QDAY.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
TSDD GraniteShares 2x Short TSLA Daily ETF	-1.55%	-62.75%
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	27.76%	14.75%

Correlation

The correlation between TSDD and QDAY.NEO is -0.48, 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 (All Time) Calculated using the full available price history since Jul 14, 2025	-0.48

Return for Risk

TSDD vs. QDAY.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSDD

TSDD Risk / Return Rank: 3
TSDD Sharpe Ratio Rank: 4
TSDD Sortino Ratio Rank: 4
TSDD Omega Ratio Rank: 4
TSDD Calmar Ratio Rank: 1
TSDD Martin Ratio Rank: 4

QDAY.NEO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSDD vs. QDAY.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Hamilton EnhancedTechnology DayMAX™ ETF (QDAY.NEO). 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	QDAY.NEO	Difference
Sharpe ratio: Return per unit of total volatility	-0.71	—	—
Sortino ratio: Return per unit of downside risk	-0.93	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.87	—	—
Martin ratio: Return relative to average drawdown	-1.13	—	—

Drawdowns

TSDD vs. QDAY.NEO - Drawdown Comparison

The maximum TSDD drawdown since its inception was -99.03%, which is greater than QDAY.NEO's maximum drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for TSDD and QDAY.NEO.

Drawdown Indicators

	TSDD	QDAY.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-99.03%	-19.01%	-80.02%
Max Drawdown (1Y) Largest decline over 1 year	-72.39%	—	—
Current Drawdown Current decline from peak	-98.87%	-1.81%	-97.06%
Average Drawdown Average peak-to-trough decline	-71.42%	-4.74%	-66.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.75%	—	—

Volatility

Volatility by Period

	TSDD	QDAY.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	88.83%	25.04%	+63.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.45%	25.04%	+89.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.45%	25.04%	+89.41%

TSDD vs. QDAY.NEO - Expense Ratio Comparison

TSDD has a 1.50% expense ratio, which is higher than QDAY.NEO's 0.85% expense ratio.

Dividends

TSDD vs. QDAY.NEO - Dividend Comparison

TSDD's dividend yield for the trailing twelve months is around 8.55%, less than QDAY.NEO's 14.91% yield.

Position	TTM	2025	2024	2023
QDAY.NEO Hamilton EnhancedTechnology DayMAX™ ETF	14.91%	8.78%	0.00%	0.00%
TSDD GraniteShares 2x Short TSLA Daily ETF	8.55%	8.42%	0.00%	24.84%

Frequently Asked Questions

Can I hold both TSDD and QDAY.NEO in my portfolio?

TSDD and QDAY.NEO have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSDD or QDAY.NEO?

On fees, QDAY.NEO is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSDD or QDAY.NEO?

QDAY.NEO is cheaper with a 0.85% expense ratio, compared with 1.50% for TSDD.

What is the main difference between TSDD and QDAY.NEO?

TSDD is categorized as Inverse Equities, while QDAY.NEO is Derivative Income. They also come from different issuers: GraniteShares and Hamilton Capital. Their fees differ too: 1.50% for TSDD and 0.85% for QDAY.NEO.