TSDD vs. SDAY.NEO
TSDD (GraniteShares 2x Short TSLA Daily ETF) and SDAY.NEO (Hamilton Enhanced U.S. Equity DayMAX™ ETF) are both exchange-traded funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while SDAY.NEO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. TSDD charges 1.50%/yr vs 0.85%/yr for SDAY.NEO.
Performance
TSDD vs. SDAY.NEO - Performance Comparison
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Different Trading Currencies
TSDD is traded in USD, while SDAY.NEO is traded in CAD. To make them comparable, the SDAY.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 SDAY.NEO's 10.49% return.
TSDD
- 1D
- -2.06%
- 1M
- 0.66%
- YTD
- -1.55%
- 6M
- 8.10%
- 1Y
- -63.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDAY.NEO
- 1D
- 0.37%
- 1M
- 4.70%
- YTD
- 10.49%
- 6M
- 9.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSDD vs. SDAY.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | -1.55% | -62.75% |
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 10.49% | 4.40% |
Correlation
The correlation between TSDD and SDAY.NEO is -0.10, 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 | -0.10 |
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Return for Risk
TSDD vs. SDAY.NEO — Risk / Return Rank
TSDD
SDAY.NEO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSDD vs. SDAY.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 Enhanced U.S. Equity DayMAX™ ETF (SDAY.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 | SDAY.NEO | 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 | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -1.13 | — | — |
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Drawdowns
TSDD vs. SDAY.NEO - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than SDAY.NEO's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for TSDD and SDAY.NEO.
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Drawdown Indicators
| TSDD | SDAY.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -8.14% | -90.89% |
Max Drawdown (1Y)Largest decline over 1 year | -72.39% | — | — |
Current DrawdownCurrent decline from peak | -98.87% | -0.18% | -98.69% |
Average DrawdownAverage peak-to-trough decline | -71.42% | -1.83% | -69.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.75% | — | — |
Volatility
TSDD vs. SDAY.NEO - Volatility Comparison
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Volatility by Period
| TSDD | SDAY.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% | 12.24% | +76.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.45% | 12.24% | +102.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.45% | 12.24% | +102.21% |
TSDD vs. SDAY.NEO - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than SDAY.NEO's 0.85% expense ratio.
Dividends
TSDD vs. SDAY.NEO - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 8.55%, less than SDAY.NEO's 16.66% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SDAY.NEO Hamilton Enhanced U.S. Equity DayMAX™ ETF | 16.66% | 8.62% | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 8.55% | 8.42% | 0.00% | 24.84% |
Frequently Asked Questions
TSDD and SDAY.NEO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDAY.NEO is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDAY.NEO is cheaper with a 0.85% expense ratio, compared with 1.50% for TSDD.
TSDD is categorized as Inverse Equities, while SDAY.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 SDAY.NEO.
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