TSLR vs. TSDD
Compare and contrast key facts about GraniteShares 2x Long TSLA Daily ETF (TSLR) and GraniteShares 2x Short TSLA Daily ETF (TSDD).
TSLR and TSDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. 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: TSLR or TSDD.
Key characteristics
| TSLR | TSDD | |
|---|---|---|
| YTD Return | 19.14% | -81.57% |
| 1Y Return | 26.60% | -83.13% |
| Sharpe Ratio | 0.33 | -0.70 |
| Sortino Ratio | 1.42 | -1.11 |
| Omega Ratio | 1.17 | 0.85 |
| Calmar Ratio | 0.52 | -0.91 |
| Martin Ratio | 0.89 | -1.64 |
| Ulcer Index | 44.56% | 51.73% |
| Daily Std Dev | 121.49% | 120.93% |
| Max Drawdown | -76.58% | -92.98% |
| Current Drawdown | -11.59% | -92.22% |
Correlation
The correlation between TSLR and TSDD is -1.00. 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
TSLR vs. TSDD - Performance Comparison
In the year-to-date period, TSLR achieves a 19.14% return, which is significantly higher than TSDD's -81.57% 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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TSLR vs. TSDD - Expense Ratio Comparison
Both TSLR and TSDD have an expense ratio of 1.50%.
Risk-Adjusted Performance
TSLR vs. TSDD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) 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
TSLR vs. TSDD - Dividend Comparison
TSLR has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 134.74%.
| TTM | 2023 | |
|---|---|---|
TSLR GraniteShares 2x Long TSLA Daily ETF | 0.00% | 0.00% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 134.74% | 24.84% |
Drawdowns
TSLR vs. TSDD - Drawdown Comparison
The maximum TSLR drawdown since its inception was -76.58%, smaller than the maximum TSDD drawdown of -92.98%. Use the drawdown chart below to compare losses from any high point for TSLR and TSDD. For additional features, visit the drawdowns tool.
Volatility
TSLR vs. TSDD - Volatility Comparison
The current volatility for GraniteShares 2x Long TSLA Daily ETF (TSLR) is 52.78%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 72.34%. This indicates that TSLR experiences smaller price fluctuations and is considered to be less risky than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.