TSDD vs. ZIVB

Last updated Jun 26, 2026

TSDD (GraniteShares 2x Short TSLA Daily ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. TSDD charges 1.50%/yr vs 1.35%/yr for ZIVB.

Performance

TSDD vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short TSLA Daily ETF (TSDD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSDD

• 1D: 0.17%
• 1M: 26.86%
• YTD: 16.69%
• 6M: 35.71%
• 1Y: -54.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSDD vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
TSDD GraniteShares 2x Short TSLA Daily ETF	30.72%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	33.28%

Correlation

The correlation between TSDD and ZIVB is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.05

Return for Risk

TSDD vs. ZIVB — Risk / Return Rank

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

TSDD

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

ZIVB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). 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	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	—	—
Sortino ratio: Return per unit of downside risk	-0.64	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.75	—	—
Martin ratio: Return relative to average drawdown	-0.95	—	—

Drawdowns

TSDD vs. ZIVB - Drawdown Comparison

The maximum TSDD drawdown since its inception was -99.03%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TSDD and ZIVB.

Drawdown Indicators

	TSDD	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-99.03%	0.00%	-99.03%
Max Drawdown (1Y) Largest decline over 1 year	-72.39%	—	—
Current Drawdown Current decline from peak	-98.66%	0.00%	-98.66%
Average Drawdown Average peak-to-trough decline	-71.69%	0.00%	-71.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.75%	—	—

Volatility

Volatility by Period

	TSDD	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	87.65%	106.85%	-19.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.18%	106.85%	+7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.18%	106.85%	+7.33%

TSDD vs. ZIVB - Expense Ratio Comparison

TSDD has a 1.50% expense ratio, which is higher than ZIVB's 1.35% expense ratio.

Dividends

TSDD vs. ZIVB - Dividend Comparison

TSDD's dividend yield for the trailing twelve months is around 7.22%, more than ZIVB's 2.37% yield.

Position	TTM	2025	2024	2023
TSDD GraniteShares 2x Short TSLA Daily ETF	7.22%	8.42%	0.00%	24.84%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	2.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSDD and ZIVB in my portfolio?

TSDD and ZIVB have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSDD or ZIVB?

On fees, ZIVB is cheaper at 1.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSDD or ZIVB?

ZIVB is cheaper with a 1.35% expense ratio, compared with 1.50% for TSDD.

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

TSDD has the higher dividend yield at 7.22%, compared with 2.37% for ZIVB.

What is the main difference between TSDD and ZIVB?

They also come from different issuers: GraniteShares and Volatility Shares. Their fees differ too: 1.50% for TSDD and 1.35% for ZIVB.