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.
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
Key characteristics
TSDD:
-0.72
TSLQ:
-0.01
TSDD:
-1.45
TSLQ:
4.68
TSDD:
0.81
TSLQ:
1.65
TSDD:
-0.93
TSLQ:
-0.06
TSDD:
-1.50
TSLQ:
-0.14
TSDD:
59.83%
TSLQ:
37.43%
TSDD:
125.31%
TSLQ:
530.00%
TSDD:
-96.59%
TSLQ:
-91.33%
TSDD:
-95.72%
TSLQ:
-66.54%
Returns By Period
In the year-to-date period, TSDD achieves a -89.85% return, which is significantly lower than TSLQ's -4.51% return.
TSDD
-89.85%
-40.60%
-91.36%
-89.60%
N/A
N/A
TSLQ
-4.51%
256.00%
-22.92%
-2.94%
N/A
N/A
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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 244.74%, more than TSLQ's 13.98% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 244.74% | 24.84% | 0.00% |
TSLQ AXS TSLA Bear Daily ETF | 13.98% | 13.35% | 15.34% |
Drawdowns
TSDD vs. TSLQ - Drawdown Comparison
The maximum TSDD drawdown since its inception was -96.59%, which is greater than TSLQ's maximum drawdown of -91.33%. 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
The current volatility for GraniteShares 2x Short TSLA Daily ETF (TSDD) is 32.73%, while AXS TSLA Bear Daily ETF (TSLQ) has a volatility of 187.99%. This indicates that TSDD experiences smaller price fluctuations and is considered to be less risky than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.