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.
Key characteristics
| TSLQ | TSDD | |
|---|---|---|
| YTD Return | -73.93% | -83.37% |
| 1Y Return | -77.67% | -87.02% |
| Sharpe Ratio | -0.81 | -0.73 |
| Sortino Ratio | -1.27 | -1.32 |
| Omega Ratio | 0.81 | 0.82 |
| Calmar Ratio | -0.86 | -0.94 |
| Martin Ratio | -2.43 | -1.70 |
| Ulcer Index | 32.23% | 51.54% |
| Daily Std Dev | 96.75% | 120.68% |
| Max Drawdown | -90.86% | -92.98% |
| Current Drawdown | -90.86% | -92.98% |
Correlation
The correlation between TSLQ and TSDD is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSLQ vs. TSDD - Performance Comparison
In the year-to-date period, TSLQ achieves a -73.93% return, which is significantly higher than TSDD's -83.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
TSLQ vs. TSDD - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 51.19%, less than TSDD's 149.30% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLQ AXS TSLA Bear Daily ETF | 51.19% | 13.35% | 2.56% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 149.30% | 24.84% | 0.00% |
Drawdowns
TSLQ vs. TSDD - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -90.86%, roughly equal to the maximum TSDD drawdown of -92.98%. Use the drawdown chart below to compare losses from any high point for TSLQ and TSDD. For additional features, visit the drawdowns tool.
Volatility
TSLQ vs. TSDD - Volatility Comparison
AXS TSLA Bear Daily ETF (TSLQ) and GraniteShares 2x Short TSLA Daily ETF (TSDD) have volatilities of 70.52% and 70.41%, 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.