TSDD vs. TSL
TSDD (GraniteShares 2x Short TSLA Daily ETF) and TSL (GraniteShares 1.25x Long Tsla Daily ETF) are both exchange-traded funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while TSL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, TSDD returned -48.32% vs -1.73% for TSL. Their -1.00 correlation means they have often moved in opposite directions in the past. TSDD charges 0.95%/yr vs 1.15%/yr for TSL.
Performance
TSDD vs. TSL - Performance Comparison
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Returns By Period
In the year-to-date period, TSDD achieves a 37.90% return, which is significantly higher than TSL's -36.78% return.
TSDD
- 1D
- 3.70%
- 1M
- 55.85%
- 6M
- 16.63%
- YTD
- 37.90%
- 1Y
- -48.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -69.56%
TSL
- 1D
- -2.22%
- 1M
- -28.90%
- 6M
- -27.74%
- YTD
- -36.78%
- 1Y
- -1.73%
- 3Y*
- -0.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -7.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $120.07M | $146.70M | $192.02M | |
| $7.25M | $7.43M | $12.09M |
TSDD vs. TSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 37.90% | -74.84% | -89.21% | -20.49% |
TSL GraniteShares 1.25x Long Tsla Daily ETF | -36.78% | 3.49% | 64.12% | 4.90% |
Correlation
The correlation between TSDD and TSL is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -1.00 |
The correlation between TSDD and TSL has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
TSDD vs. TSL - Sectors Allocation Comparison
Sectors
TSDD
TSL
Consumer Cyclical
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Cyclical
TSDD
TSL
Basic Materials
TSDD
-
TSL
-
Communication Services
TSDD
-
TSL
-
Consumer Defensive
TSDD
-
TSL
-
Energy
TSDD
-
TSL
-
Financial Services
TSDD
-
TSL
-
Healthcare
TSDD
-
TSL
-
Industrials
TSDD
-
TSL
-
Real Estate
TSDD
-
TSL
-
Technology
TSDD
-
TSL
-
Utilities
TSDD
-
TSL
-
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Return for Risk
TSDD vs. TSL — Risk / Return Rank
TSDD
TSL
TSDD vs. TSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and GraniteShares 1.25x Long Tsla Daily ETF (TSL). 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 | TSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.04 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.04 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.94 | -0.09 | -0.85 |
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Drawdowns
TSDD vs. TSL - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than TSL's maximum drawdown of -74.52%. Use the drawdown chart below to compare losses from any high point for TSDD and TSL.
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Drawdown Indicators
| TSDD | TSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -74.52% | -24.51% |
Max Drawdown (1Y)Largest decline over 1 year | -65.76% | -48.38% | -17.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.30% | — |
Current DrawdownCurrent decline from peak | -98.42% | -47.60% | -50.82% |
Average DrawdownAverage peak-to-trough decline | -72.71% | -38.53% | -34.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.69% | 20.18% | +34.51% |
Volatility
TSDD vs. TSL - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 32.13% compared to GraniteShares 1.25x Long Tsla Daily ETF (TSL) at 23.49%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than TSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDD | TSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.13% | 23.49% | +8.64% |
Volatility (6M)Calculated over the trailing 6-month period | 67.61% | 43.52% | +24.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.68% | 57.82% | +34.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.07% | 73.38% | +41.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.07% | 73.38% | +41.69% |
TSDD vs. TSL - Expense Ratio Comparison
TSDD has a 0.95% expense ratio, which is lower than TSL's 1.15% expense ratio.
Dividends
TSDD vs. TSL - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 6.11%, while TSL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 6.11% | 8.42% | 0.00% | 24.84% |
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 0.00% | 60.47% |
Frequently Asked Questions
TSDD and TSL have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDD has higher volatility (32.13%) compared to TSL (23.49%). In terms of maximum drawdown, TSDD dropped -99.03% vs TSL's -74.52%.
On 1-year performance, TSL leads with -1.73% vs -48.32% for TSDD. On fees, TSDD is cheaper at 0.95% per year. On volatility, TSL has been the lower-risk option at 23.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSL has performed better with a -1.73% return vs -48.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSDD is cheaper with a 0.95% expense ratio, compared with 1.15% for TSL.
TSDD has the higher dividend yield at 6.11%, compared with 0.00% for TSL.
TSDD is categorized as Inverse Equities, while TSL is Leveraged Equities. Their fees differ too: 0.95% for TSDD and 1.15% for TSL.
TSL currently has the higher Sharpe Ratio (-0.03 vs -0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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