TSLQ vs. TSDD
Compare and contrast key facts about AXS TSLA Bear Daily ETF (TSLQ) and GraniteShares 2x Short TSLA Daily ETF (TSDD).
TSLQ and TSDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022. TSDD 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: TSLQ or TSDD.
Correlation
The correlation between TSLQ and TSDD is -0.40. 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
TSLQ vs. TSDD - Performance Comparison
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Key characteristics
TSLQ:
91.53%
TSDD:
92.52%
TSLQ:
-15.59%
TSDD:
-15.65%
TSLQ:
-15.59%
TSDD:
-15.65%
Returns By Period
TSLQ
N/A
N/A
N/A
N/A
N/A
N/A
TSDD
N/A
N/A
N/A
N/A
N/A
N/A
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TSLQ vs. TSDD - Expense Ratio Comparison
TSLQ has a 1.15% expense ratio, which is lower than TSDD's 1.50% expense ratio.
Risk-Adjusted Performance
TSLQ vs. TSDD — Risk-Adjusted Performance Rank
TSLQ
TSDD
TSLQ vs. TSDD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AXS TSLA Bear Daily ETF (TSLQ) and GraniteShares 2x Short TSLA Daily ETF (TSDD). 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.
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Dividends
TSLQ vs. TSDD - Dividend Comparison
Neither TSLQ nor TSDD has paid dividends to shareholders.
Drawdowns
TSLQ vs. TSDD - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -15.59%, roughly equal to the maximum TSDD drawdown of -15.65%. Use the drawdown chart below to compare losses from any high point for TSLQ and TSDD. For additional features, visit the drawdowns tool.
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Volatility
TSLQ vs. TSDD - Volatility Comparison
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