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TSLS vs. TSDD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TSLS and TSDD is 1.00, 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.


-0.50.00.51.01.0

Performance

TSLS vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily TSLA Bear 1X Shares (TSLS) and GraniteShares 2x Short TSLA Daily ETF (TSDD). The values are adjusted to include any dividend payments, if applicable.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-61.21%
-91.72%
TSLS
TSDD

Key characteristics

Sharpe Ratio

TSLS:

-0.91

TSDD:

-0.72

Sortino Ratio

TSLS:

-1.30

TSDD:

-1.45

Omega Ratio

TSLS:

0.83

TSDD:

0.81

Calmar Ratio

TSLS:

-0.66

TSDD:

-0.93

Martin Ratio

TSLS:

-1.49

TSDD:

-1.50

Ulcer Index

TSLS:

38.53%

TSDD:

59.83%

Daily Std Dev

TSLS:

62.95%

TSDD:

125.31%

Max Drawdown

TSLS:

-86.75%

TSDD:

-96.59%

Current Drawdown

TSLS:

-85.02%

TSDD:

-95.72%

Returns By Period

In the year-to-date period, TSLS achieves a -57.18% return, which is significantly higher than TSDD's -89.85% return.


TSLS

YTD

-57.18%

1M

-21.34%

6M

-65.23%

1Y

-56.46%

5Y*

N/A

10Y*

N/A

TSDD

YTD

-89.85%

1M

-40.60%

6M

-91.36%

1Y

-89.60%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TSLS vs. TSDD - Expense Ratio Comparison

TSLS has a 1.07% expense ratio, which is lower than TSDD's 1.50% expense ratio.


TSDD
GraniteShares 2x Short TSLA Daily ETF
Expense ratio chart for TSDD: current value at 1.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.50%
Expense ratio chart for TSLS: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%

Risk-Adjusted Performance

TSLS vs. TSDD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X Shares (TSLS) 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.


Sharpe ratio
The chart of Sharpe ratio for TSLS, currently valued at -0.91, compared to the broader market0.002.004.00-0.91-0.72
The chart of Sortino ratio for TSLS, currently valued at -1.30, compared to the broader market-2.000.002.004.006.008.0010.00-1.30-1.45
The chart of Omega ratio for TSLS, currently valued at 0.83, compared to the broader market0.501.001.502.002.503.000.830.81
The chart of Calmar ratio for TSLS, currently valued at -0.74, compared to the broader market0.005.0010.0015.00-0.74-0.93
The chart of Martin ratio for TSLS, currently valued at -1.49, compared to the broader market0.0020.0040.0060.0080.00100.00-1.49-1.50
TSLS
TSDD

The current TSLS Sharpe Ratio is -0.91, which is comparable to the TSDD Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of TSLS and TSDD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.80-0.60-0.40-0.200.00SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15
-0.91
-0.72
TSLS
TSDD

Dividends

TSLS vs. TSDD - Dividend Comparison

TSLS's dividend yield for the trailing twelve months is around 6.97%, less than TSDD's 244.74% yield.


TTM20232022
TSLS
Direxion Daily TSLA Bear 1X Shares
6.97%4.52%3.46%
TSDD
GraniteShares 2x Short TSLA Daily ETF
244.74%24.84%0.00%

Drawdowns

TSLS vs. TSDD - Drawdown Comparison

The maximum TSLS drawdown since its inception was -86.75%, smaller than the maximum TSDD drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for TSLS and TSDD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%JulyAugustSeptemberOctoberNovemberDecember
-74.39%
-95.72%
TSLS
TSDD

Volatility

TSLS vs. TSDD - Volatility Comparison

The current volatility for Direxion Daily TSLA Bear 1X Shares (TSLS) is 17.09%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 32.73%. This indicates that TSLS 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.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%JulyAugustSeptemberOctoberNovemberDecember
17.09%
32.73%
TSLS
TSDD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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