TSDD vs. YQQQ

Last updated Jun 4, 2026

TSDD (GraniteShares 2x Short TSLA Daily ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - TSDD is a Inverse Equities fund actively managed by GraniteShares, while YQQQ is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, TSDD returned -62.89% vs -14.25% for YQQQ. A 0.58 correlation means they provide meaningful diversification when combined. TSDD charges 1.50%/yr vs 0.99%/yr for YQQQ.

Performance

TSDD vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short TSLA Daily ETF (TSDD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSDD achieves a -4.27% return, which is significantly higher than YQQQ's -8.94% return.

TSDD

• 1D: 0.14%
• 1M: -17.41%
• YTD: -4.27%
• 6M: -7.92%
• 1Y: -62.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 0.06%
• 1M: -7.64%
• YTD: -8.94%
• 6M: -6.62%
• 1Y: -14.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSDD vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.27%	-74.84%	-84.12%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-8.94%	-9.97%	-4.06%

Correlation

The correlation between TSDD and YQQQ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024	0.58

The correlation between TSDD and YQQQ has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Return for Risk

TSDD vs. YQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSDD

TSDD Risk / Return Rank: 3
TSDD Sharpe Ratio Rank: 3
TSDD Sortino Ratio Rank: 3
TSDD Omega Ratio Rank: 3
TSDD Calmar Ratio Rank: 2
TSDD Martin Ratio Rank: 4

YQQQ

YQQQ Risk / Return Rank: 1
YQQQ Sharpe Ratio Rank: 1
YQQQ Sortino Ratio Rank: 1
YQQQ Omega Ratio Rank: 1
YQQQ Calmar Ratio Rank: 3
YQQQ Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSDD vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

	TSDD	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	-1.14	+0.46
Sortino ratio: Return per unit of downside risk	-0.87	-1.55	+0.68
Omega ratio: Gain probability vs. loss probability	0.90	0.83	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.83	-0.69	-0.14
Martin ratio: Return relative to average drawdown	-1.05	-1.68	+0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSDD vs. YQQQ - Sharpe Ratio Comparison

The current TSDD Sharpe Ratio is -0.68, which is higher than the YQQQ Sharpe Ratio of -1.14. The chart below compares the historical Sharpe Ratios of TSDD and YQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSDD	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.68	-1.14	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	-0.77	+0.12

Drawdowns

TSDD vs. YQQQ - Drawdown Comparison

The maximum TSDD drawdown since its inception was -99.03%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for TSDD and YQQQ.

Drawdown Indicators

	TSDD	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.03%	-28.21%	-70.82%
Max Drawdown (1Y) Largest decline over 1 year	-76.12%	-20.82%	-55.30%
Current Drawdown Current decline from peak	-98.90%	-28.17%	-70.73%
Average Drawdown Average peak-to-trough decline	-71.21%	-14.22%	-56.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.88%	8.52%	+51.36%

Volatility

TSDD vs. YQQQ - Volatility Comparison

GraniteShares 2x Short TSLA Daily ETF (TSDD) has a higher volatility of 24.19% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 3.90%. This indicates that TSDD's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSDD	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.19%	3.90%	+20.29%
Volatility (6M) Calculated over the trailing 6-month period	54.90%	9.87%	+45.03%
Volatility (1Y) Calculated over the trailing 1-year period	92.57%	12.51%	+80.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.46%	16.26%	+98.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.46%	16.26%	+98.20%

TSDD vs. YQQQ - Expense Ratio Comparison

TSDD has a 1.50% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

TSDD vs. YQQQ - Dividend Comparison

TSDD's dividend yield for the trailing twelve months is around 8.80%, less than YQQQ's 31.75% yield.

Position	TTM	2025	2024	2023
TSDD GraniteShares 2x Short TSLA Daily ETF	8.80%	8.42%	0.00%	24.84%
YQQQ YieldMax Short N100 Option Income Strategy ETF	31.75%	31.71%	7.88%	0.00%

Frequently Asked Questions

Can I hold both TSDD and YQQQ in my portfolio?

TSDD and YQQQ have a correlation of 0.52, 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 YQQQ?

TSDD has higher volatility (24.19%) compared to YQQQ (3.90%). In terms of maximum drawdown, TSDD dropped -99.03% vs YQQQ's -28.21%.

Which ETF is better, TSDD or YQQQ?

On 1-year performance, YQQQ leads with -14.25% vs -62.89% for TSDD. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSDD or YQQQ?

Over the 1-year period, YQQQ has performed better with a -14.25% return vs -62.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSDD or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.50% for TSDD.

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

YQQQ has the higher dividend yield at 31.75%, compared with 8.80% for TSDD.

What is the main difference between TSDD and YQQQ?

TSDD is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.50% for TSDD and 0.99% for YQQQ.

Which has better risk-adjusted returns?

TSDD currently has the higher Sharpe Ratio (-0.68 vs -1.14), 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.