TSDD vs. TSLS
Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and Direxion Daily TSLA Bear 1X Shares (TSLS).
TSDD and TSLS 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. TSLS is a passively managed fund by Direxion that tracks the performance of the Tesla Inc (--100%). It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSDD or TSLS.
Key characteristics
| TSDD | TSLS | |
|---|---|---|
| YTD Return | -81.57% | -43.76% |
| 1Y Return | -83.13% | -46.52% |
| Sharpe Ratio | -0.70 | -0.81 |
| Sortino Ratio | -1.11 | -1.02 |
| Omega Ratio | 0.85 | 0.86 |
| Calmar Ratio | -0.91 | -0.61 |
| Martin Ratio | -1.64 | -1.59 |
| Ulcer Index | 51.73% | 31.20% |
| Daily Std Dev | 120.93% | 61.14% |
| Max Drawdown | -92.98% | -81.35% |
| Current Drawdown | -92.22% | -80.32% |
Correlation
The correlation between TSDD and TSLS is 1.00, 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. TSLS - Performance Comparison
In the year-to-date period, TSDD achieves a -81.57% return, which is significantly lower than TSLS's -43.76% 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. TSLS - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than TSLS's 1.07% expense ratio.
Risk-Adjusted Performance
TSDD vs. TSLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Direxion Daily TSLA Bear 1X Shares (TSLS). 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. TSLS - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 134.74%, more than TSLS's 7.53% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 134.74% | 24.84% | 0.00% |
TSLS Direxion Daily TSLA Bear 1X Shares | 7.53% | 4.52% | 3.46% |
Drawdowns
TSDD vs. TSLS - Drawdown Comparison
The maximum TSDD drawdown since its inception was -92.98%, which is greater than TSLS's maximum drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for TSDD and TSLS. For additional features, visit the drawdowns tool.
Volatility
TSDD vs. TSLS - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 72.34% compared to Direxion Daily TSLA Bear 1X Shares (TSLS) at 32.43%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than TSLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.