TSDD vs. TSLR
TSDD (GraniteShares 2x Short TSLA Daily ETF) and TSLR (GraniteShares 2x Long TSLA Daily ETF) are both exchange-traded funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while TSLR is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, TSDD returned -46.78% vs -24.02% for TSLR. Their -1.00 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
TSDD vs. TSLR - Performance Comparison
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Returns By Period
In the year-to-date period, TSDD achieves a 47.87% return, which is significantly higher than TSLR's -60.77% return.
TSDD
- 1D
- -1.55%
- 1M
- 44.87%
- 6M
- 39.90%
- YTD
- 47.87%
- 1Y
- -46.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -69.01%
TSLR
- 1D
- 1.45%
- 1M
- -40.45%
- 6M
- -56.28%
- YTD
- -60.77%
- 1Y
- -24.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $166.67M | $161.08M | $200.09M | |
| $20.25M | $21.25M | $40.88M |
TSDD vs. TSLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 47.87% | -74.84% | -89.21% | -20.49% |
TSLR GraniteShares 2x Long TSLA Daily ETF | -60.77% | -25.97% | 67.57% | 1.69% |
Correlation
The correlation between TSDD and TSLR 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 TSLR has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
TSDD vs. TSLR - Sectors Allocation Comparison
Sectors
TSDD
TSLR
Consumer Cyclical
Basic Materials
-
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Cyclical
TSDD
TSLR
Basic Materials
TSDD
-
TSLR
-
Communication Services
TSDD
-
TSLR
-
Consumer Defensive
TSDD
-
TSLR
-
Energy
TSDD
-
TSLR
-
Financial Services
TSDD
-
TSLR
-
Healthcare
TSDD
-
TSLR
-
Industrials
TSDD
-
TSLR
-
Real Estate
TSDD
-
TSLR
-
Technology
TSDD
-
TSLR
-
Utilities
TSDD
-
TSLR
-
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Return for Risk
TSDD vs. TSLR — Risk / Return Rank
TSDD
TSLR
TSDD vs. TSLR - Risk-Adjusted Trends 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.
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 | TSLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | -0.38 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.80 | -0.86 | +0.06 |
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Drawdowns
TSDD vs. TSLR - Drawdown Comparison
The maximum TSDD drawdown since its inception was -99.03%, which is greater than TSLR's maximum drawdown of -82.80%. Use the drawdown chart below to compare losses from any high point for TSDD and TSLR.
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Drawdown Indicators
| TSDD | TSLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -82.80% | -16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -69.48% | -69.80% | +0.32% |
Current DrawdownCurrent decline from peak | -98.31% | -79.93% | -18.38% |
Average DrawdownAverage peak-to-trough decline | -72.61% | -51.13% | -21.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.09% | 31.27% | +24.82% |
Volatility
TSDD vs. TSLR - Volatility Comparison
The current volatility for GraniteShares 2x Short TSLA Daily ETF (TSDD) is 37.07%, while GraniteShares 2x Long TSLA Daily ETF (TSLR) has a volatility of 43.24%. This indicates that TSDD experiences smaller price fluctuations and is considered to be less risky than TSLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDD | TSLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.07% | 43.24% | -6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 67.48% | 70.76% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.71% | 92.93% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 115.20% | 116.23% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 115.20% | 116.23% | -1.03% |
TSDD vs. TSLR - Expense Ratio Comparison
Both TSDD and TSLR have an expense ratio of 0.95%.
Dividends
TSDD vs. TSLR - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 5.70%, while TSLR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 5.70% | 8.42% | 0.00% | 24.84% |
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSDD and TSLR 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.
TSLR has higher volatility (43.24%) compared to TSDD (37.07%). In terms of maximum drawdown, TSDD dropped -99.03% vs TSLR's -82.80%.
On 1-year performance, TSLR leads with -24.02% vs -46.78% for TSDD. Both ETFs have the same 0.95% expense ratio. On volatility, TSDD has been the lower-risk option at 37.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLR has performed better with a -24.02% return vs -46.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSDD and TSLR have the same expense ratio: 0.95% per year.
TSDD has the higher dividend yield at 5.70%, compared with 0.00% for TSLR.
TSDD is categorized as Inverse Equities, while TSLR is Leveraged Equities.
TSLR currently has the higher Sharpe Ratio (-0.29 vs -0.49), 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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