TSDD vs. TSLR
Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and GraniteShares 2x Long TSLA Daily ETF (TSLR).
TSDD and TSLR 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. TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSDD or TSLR.
Key characteristics
| TSDD | TSLR | |
|---|---|---|
| YTD Return | -81.57% | 19.14% |
| 1Y Return | -83.13% | 26.60% |
| Sharpe Ratio | -0.70 | 0.33 |
| Sortino Ratio | -1.11 | 1.42 |
| Omega Ratio | 0.85 | 1.17 |
| Calmar Ratio | -0.91 | 0.52 |
| Martin Ratio | -1.64 | 0.89 |
| Ulcer Index | 51.73% | 44.56% |
| Daily Std Dev | 120.93% | 121.49% |
| Max Drawdown | -92.98% | -76.58% |
| Current Drawdown | -92.22% | -11.59% |
Correlation
The correlation between TSDD and TSLR is -1.00. 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. TSLR - Performance Comparison
In the year-to-date period, TSDD achieves a -81.57% return, which is significantly lower than TSLR's 19.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSDD vs. TSLR - Expense Ratio Comparison
Both TSDD and TSLR have an expense ratio of 1.50%.
Risk-Adjusted Performance
TSDD vs. TSLR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and GraniteShares 2x Long TSLA Daily ETF (TSLR). 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. TSLR - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 134.74%, while TSLR has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 134.74% | 24.84% |
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% |
Drawdowns
TSDD vs. TSLR - Drawdown Comparison
The maximum TSDD drawdown since its inception was -92.98%, which is greater than TSLR's maximum drawdown of -76.58%. Use the drawdown chart below to compare losses from any high point for TSDD and TSLR. For additional features, visit the drawdowns tool.
Volatility
TSDD vs. TSLR - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 72.34% compared to GraniteShares 2x Long TSLA Daily ETF (TSLR) at 52.78%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than TSLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.