TSDD vs. VRTL

Last updated Aug 6, 2026

TSDD (GraniteShares 2x Short TSLA Daily ETF) and VRTL (GraniteShares 2x Long VRT Daily ETF) are both exchange-traded funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while VRTL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, TSDD returned -48.32% vs 124.36% for VRTL. Their -0.41 correlation means they have often moved in opposite directions in the past. TSDD charges 0.95%/yr vs 1.50%/yr for VRTL.

Performance

TSDD vs. VRTL - Performance Comparison

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

Returns By Period

In the year-to-date period, TSDD achieves a 37.90% return, which is significantly lower than VRTL's 97.01% return.

TSDD

• 1D: 3.70%
• 1M: 55.85%
• 6M: 16.63%
• YTD: 37.90%
• 1Y: -48.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -69.56%

VRTL

• 1D: 5.69%
• 1M: -29.77%
• 6M: 60.67%
• YTD: 97.01%
• 1Y: 124.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 183.84%

*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	$120.07M	$146.70M	$192.02M
VRTL GraniteShares 2x Long VRT Daily ETF	$8.31M	$6.90M	$12.17M

TSDD vs. VRTL - Yearly Performance Comparison

	2026 (YTD)	2025
TSDD GraniteShares 2x Short TSLA Daily ETF	37.90%	-83.35%
VRTL GraniteShares 2x Long VRT Daily ETF	97.01%	110.50%

Correlation

The correlation between TSDD and VRTL is -0.42, 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.	-0.42
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	-0.41

TSDD vs. VRTL - Sectors Allocation Comparison

Sectors	TSDD	VRTL
Consumer Cyclical	200.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	66.7%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

TSDD vs. VRTL — Risk / Return Rank

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

TSDD

TSDD Risk / Return Rank: 5
TSDD Sharpe Ratio Rank: 5
TSDD Sortino Ratio Rank: 6
TSDD Omega Ratio Rank: 6
TSDD Calmar Ratio Rank: 3
TSDD Martin Ratio Rank: 5

VRTL

VRTL Risk / Return Rank: 42
VRTL Sharpe Ratio Rank: 34
VRTL Sortino Ratio Rank: 48
VRTL Omega Ratio Rank: 47
VRTL Calmar Ratio Rank: 43
VRTL Martin Ratio Rank: 40

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. VRTL - 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 VRT Daily ETF (VRTL). 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	VRTL	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	0.96	-1.49
Sortino ratio: Return per unit of downside risk	-0.36	1.97	-2.33
Omega ratio: Gain probability vs. loss probability	0.96	1.25	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.74	1.77	-2.51
Martin ratio: Return relative to average drawdown	-0.94	4.90	-5.84

TSDD vs. VRTL - Sharpe Ratio Comparison

The current TSDD Sharpe Ratio is -0.52, which is lower than the VRTL Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of TSDD and VRTL, 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. VRTL - Drawdown Comparison

The maximum TSDD drawdown since its inception was -99.03%, which is greater than VRTL's maximum drawdown of -70.53%. Use the drawdown chart below to compare losses from any high point for TSDD and VRTL.

Drawdown Indicators

	TSDD	VRTL	Difference
Max Drawdown Largest peak-to-trough decline	-99.03%	-70.53%	-28.50%
Max Drawdown (1Y) Largest decline over 1 year	-65.76%	-70.53%	+4.77%
Current Drawdown Current decline from peak	-98.42%	-54.77%	-43.65%
Average Drawdown Average peak-to-trough decline	-72.71%	-18.48%	-54.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.69%	25.47%	+29.22%

Volatility

TSDD vs. VRTL - Volatility Comparison

The current volatility for GraniteShares 2x Short TSLA Daily ETF (TSDD) is 32.13%, while GraniteShares 2x Long VRT Daily ETF (VRTL) has a volatility of 54.13%. This indicates that TSDD experiences smaller price fluctuations and is considered to be less risky than VRTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSDD	VRTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.13%	54.13%	-22.00%
Volatility (6M) Calculated over the trailing 6-month period	67.61%	107.20%	-39.59%
Volatility (1Y) Calculated over the trailing 1-year period	92.68%	130.00%	-37.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.07%	130.89%	-15.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.07%	130.89%	-15.82%

TSDD vs. VRTL - Expense Ratio Comparison

TSDD has a 0.95% expense ratio, which is lower than VRTL's 1.50% expense ratio.

Dividends

TSDD vs. VRTL - Dividend Comparison

TSDD's dividend yield for the trailing twelve months is around 6.11%, while VRTL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
TSDD GraniteShares 2x Short TSLA Daily ETF	6.11%	8.42%	0.00%	24.84%
VRTL GraniteShares 2x Long VRT Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSDD and VRTL in my portfolio?

TSDD and VRTL have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSDD or VRTL?

VRTL has higher volatility (54.13%) compared to TSDD (32.13%). In terms of maximum drawdown, TSDD dropped -99.03% vs VRTL's -70.53%.

Which ETF is better, TSDD or VRTL?

On 1-year performance, VRTL leads with 124.36% vs -48.32% for TSDD. On fees, TSDD is cheaper at 0.95% per year. On volatility, TSDD has been the lower-risk option at 32.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSDD or VRTL?

Over the 1-year period, VRTL has performed better with a 124.36% return vs -48.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSDD or VRTL?

TSDD is cheaper with a 0.95% expense ratio, compared with 1.50% for VRTL.

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

TSDD has the higher dividend yield at 6.11%, compared with 0.00% for VRTL.

What is the main difference between TSDD and VRTL?

TSDD is categorized as Inverse Equities, while VRTL is Leveraged Equities. Their fees differ too: 0.95% for TSDD and 1.50% for VRTL.

Which has better risk-adjusted returns?

VRTL currently has the higher Sharpe Ratio (0.96 vs -0.52), 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.