TSDD vs. TSLQ
Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and AXS TSLA Bear Daily ETF (TSLQ).
TSDD and TSLQ 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. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSDD or TSLQ.
Key characteristics
| TSDD | TSLQ | |
|---|---|---|
| YTD Return | -81.57% | -71.07% |
| 1Y Return | -83.13% | -72.47% |
| Sharpe Ratio | -0.70 | -0.76 |
| Sortino Ratio | -1.11 | -1.05 |
| Omega Ratio | 0.85 | 0.84 |
| Calmar Ratio | -0.91 | -0.82 |
| Martin Ratio | -1.64 | -2.26 |
| Ulcer Index | 51.73% | 32.74% |
| Daily Std Dev | 120.93% | 97.32% |
| Max Drawdown | -92.98% | -90.86% |
| Current Drawdown | -92.22% | -89.86% |
Correlation
The correlation between TSDD and TSLQ is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSDD vs. TSLQ - Performance Comparison
In the year-to-date period, TSDD achieves a -81.57% return, which is significantly lower than TSLQ's -71.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TSDD vs. TSLQ - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than TSLQ's 1.15% expense ratio.
Risk-Adjusted Performance
TSDD vs. TSLQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and AXS TSLA Bear Daily ETF (TSLQ). 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. TSLQ - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 134.74%, more than TSLQ's 46.13% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 134.74% | 24.84% | 0.00% |
TSLQ AXS TSLA Bear Daily ETF | 46.13% | 13.35% | 2.56% |
Drawdowns
TSDD vs. TSLQ - Drawdown Comparison
The maximum TSDD drawdown since its inception was -92.98%, roughly equal to the maximum TSLQ drawdown of -90.86%. Use the drawdown chart below to compare losses from any high point for TSDD and TSLQ. For additional features, visit the drawdowns tool.
Volatility
TSDD vs. TSLQ - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) and AXS TSLA Bear Daily ETF (TSLQ) have volatilities of 72.34% and 72.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.