TSLS vs. TSDD
Compare and contrast key facts about Direxion Daily TSLA Bear 1X Shares (TSLS) and GraniteShares 2x Short TSLA Daily ETF (TSDD).
TSLS and TSDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLS is a passively managed fund by Direxion that tracks the performance of the Tesla Inc (--100%). It was launched on Aug 8, 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: TSLS or TSDD.
Key characteristics
| TSLS | TSDD | |
|---|---|---|
| YTD Return | -46.70% | -83.37% |
| 1Y Return | -54.38% | -87.02% |
| Sharpe Ratio | -0.91 | -0.73 |
| Sortino Ratio | -1.26 | -1.32 |
| Omega Ratio | 0.83 | 0.82 |
| Calmar Ratio | -0.68 | -0.94 |
| Martin Ratio | -1.79 | -1.70 |
| Ulcer Index | 30.97% | 51.54% |
| Daily Std Dev | 61.06% | 120.68% |
| Max Drawdown | -81.35% | -92.98% |
| Current Drawdown | -81.35% | -92.98% |
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.
Performance
TSLS vs. TSDD - Performance Comparison
In the year-to-date period, TSLS achieves a -46.70% 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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TSLS vs. TSDD - Expense Ratio Comparison
TSLS has a 1.07% expense ratio, which is lower than TSDD's 1.50% expense ratio.
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.
Dividends
TSLS vs. TSDD - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 7.94%, less than TSDD's 149.30% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 7.94% | 4.52% | 3.46% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 149.30% | 24.84% | 0.00% |
Drawdowns
TSLS vs. TSDD - Drawdown Comparison
The maximum TSLS drawdown since its inception was -81.35%, smaller than the maximum TSDD drawdown of -92.98%. Use the drawdown chart below to compare losses from any high point for TSLS and TSDD. For additional features, visit the drawdowns tool.
Volatility
TSLS vs. TSDD - Volatility Comparison
The current volatility for Direxion Daily TSLA Bear 1X Shares (TSLS) is 31.34%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 70.41%. 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.