TSDD vs. TSLQ

Last updated Aug 2, 2026

TSDD (GraniteShares 2x Short TSLA Daily ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, TSDD returned -46.78% vs -46.08% for TSLQ. Their 0.99 correlation means they have historically moved very closely together. TSDD charges 0.95%/yr vs 1.17%/yr for TSLQ.

Performance

TSDD vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short TSLA Daily ETF (TSDD) and Tradr 2X Short TSLA Daily ETF (TSLQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TSDD having a 47.87% return and TSLQ slightly higher at 49.23%.

TSDD

• 1D: -1.55%
• 1M: 44.87%
• 6M: 39.90%
• YTD: 47.87%
• 1Y: -46.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -69.01%

TSLQ

• 1D: -1.53%
• 1M: 45.07%
• 6M: 40.85%
• YTD: 49.23%
• 1Y: -46.08%
• 3Y*: -60.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -54.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSDD GraniteShares 2x Short TSLA Daily ETF	$166.67M	$161.08M	$200.09M
TSLQ Tradr 2X Short TSLA Daily ETF	$162.68M	$148.83M	$161.26M

TSDD vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSDD GraniteShares 2x Short TSLA Daily ETF	47.87%	-74.84%	-89.21%	-20.49%
TSLQ Tradr 2X Short TSLA Daily ETF	49.23%	-74.67%	-83.21%	-11.40%

Correlation

The correlation between TSDD and TSLQ is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	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	0.99

The correlation between TSDD and TSLQ has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

TSDD vs. TSLQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSDD

TSDD Risk / Return Rank: 6
TSDD Sharpe Ratio Rank: 5
TSDD Sortino Ratio Rank: 7
TSDD Omega Ratio Rank: 7
TSDD Calmar Ratio Rank: 4
TSDD Martin Ratio Rank: 6

TSLQ

TSLQ Risk / Return Rank: 6
TSLQ Sharpe Ratio Rank: 5
TSLQ Sortino Ratio Rank: 7
TSLQ Omega Ratio Rank: 7
TSLQ Calmar Ratio Rank: 4
TSLQ Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSDD vs. TSLQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and Tradr 2X Short TSLA 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.

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	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	-0.48	-0.01
Sortino ratio: Return per unit of downside risk	-0.27	-0.24	-0.02
Omega ratio: Gain probability vs. loss probability	0.97	0.97	0.00
Calmar ratio: Return relative to maximum drawdown	-0.65	-0.64	-0.01
Martin ratio: Return relative to average drawdown	-0.80	-0.79	-0.01

TSDD vs. TSLQ - Sharpe Ratio Comparison

The current TSDD Sharpe Ratio is -0.49, which is comparable to the TSLQ Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of TSDD and TSLQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSDD vs. TSLQ - Drawdown Comparison

The maximum TSDD drawdown since its inception was -99.03%, roughly equal to the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for TSDD and TSLQ.

Drawdown Indicators

	TSDD	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.03%	-98.73%	-0.30%
Max Drawdown (1Y) Largest decline over 1 year	-69.48%	-69.32%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-97.85%	—
Current Drawdown Current decline from peak	-98.31%	-97.78%	-0.53%
Average Drawdown Average peak-to-trough decline	-72.61%	-68.42%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.09%	55.83%	+0.26%

Volatility

TSDD vs. TSLQ - Volatility Comparison

GraniteShares 2x Short TSLA Daily ETF (TSDD) and Tradr 2X Short TSLA Daily ETF (TSLQ) have volatilities of 37.07% and 36.98%, 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.

Volatility by Period

	TSDD	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.07%	36.98%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	67.48%	67.32%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	92.71%	92.69%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.20%	95.64%	+19.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.20%	95.64%	+19.56%

TSDD vs. TSLQ - Expense Ratio Comparison

TSDD has a 0.95% expense ratio, which is lower than TSLQ's 1.17% expense ratio.

Dividends

TSDD vs. TSLQ - Dividend Comparison

TSDD's dividend yield for the trailing twelve months is around 5.70%, less than TSLQ's 7.08% yield.

Position	TTM	2025	2024	2023	2022
TSDD GraniteShares 2x Short TSLA Daily ETF	5.70%	8.42%	0.00%	24.84%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	7.08%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both TSDD and TSLQ in my portfolio?

With a correlation of 1.00, TSDD and TSLQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSDD or TSLQ?

TSDD has higher volatility (37.07%) compared to TSLQ (36.98%). In terms of maximum drawdown, TSDD dropped -99.03% vs TSLQ's -98.73%.

Which ETF is better, TSDD or TSLQ?

On 1-year performance, TSLQ leads with -46.08% vs -46.78% for TSDD. On fees, TSDD is cheaper at 0.95% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSDD or TSLQ?

Over the 1-year period, TSLQ has performed better with a -46.08% return vs -46.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSDD or TSLQ?

TSDD is cheaper with a 0.95% expense ratio, compared with 1.17% for TSLQ.

Which ETF pays a higher dividend yield, TSDD or TSLQ?

TSLQ has the higher dividend yield at 7.08%, compared with 5.70% for TSDD.

What is the main difference between TSDD and TSLQ?

They also come from different issuers: GraniteShares and Tradr. Their fees differ too: 0.95% for TSDD and 1.17% for TSLQ.

Which has better risk-adjusted returns?

TSLQ currently has the higher Sharpe Ratio (-0.48 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.