TSDD vs. SCHG
Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and Schwab U.S. Large-Cap Growth ETF (SCHG).
TSDD and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSDD or SCHG.
Correlation
The correlation between TSDD and SCHG is -0.50. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TSDD vs. SCHG - Performance Comparison
Key characteristics
TSDD:
-0.72
SCHG:
2.22
TSDD:
-1.45
SCHG:
2.86
TSDD:
0.81
SCHG:
1.40
TSDD:
-0.93
SCHG:
3.13
TSDD:
-1.50
SCHG:
12.34
TSDD:
59.83%
SCHG:
3.14%
TSDD:
125.31%
SCHG:
17.45%
TSDD:
-96.59%
SCHG:
-34.59%
TSDD:
-95.72%
SCHG:
-2.75%
Returns By Period
In the year-to-date period, TSDD achieves a -89.85% return, which is significantly lower than SCHG's 37.04% return.
TSDD
-89.85%
-40.60%
-91.36%
-89.60%
N/A
N/A
SCHG
37.04%
3.40%
12.88%
37.14%
20.24%
16.77%
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TSDD vs. SCHG - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
TSDD vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
Dividends
TSDD vs. SCHG - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 244.74%, more than SCHG's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 244.74% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% | 1.07% |
Drawdowns
TSDD vs. SCHG - Drawdown Comparison
The maximum TSDD drawdown since its inception was -96.59%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for TSDD and SCHG. For additional features, visit the drawdowns tool.
Volatility
TSDD vs. SCHG - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 32.73% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.07%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.