TSLZ vs. TSDD

Last updated Jun 3, 2026

TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, TSLZ returned -64.61% vs -63.29% for TSDD. With a 1.00 correlation, they move nearly in lockstep. TSLZ charges 1.05%/yr vs 1.50%/yr for TSDD.

Performance

TSLZ vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and GraniteShares 2x Short TSLA Daily ETF (TSDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLZ achieves a -5.60% return, which is significantly lower than TSDD's -4.40% return.

TSLZ

• 1D: -3.70%
• 1M: -18.37%
• YTD: -5.60%
• 6M: -16.90%
• 1Y: -64.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSDD

• 1D: -3.78%
• 1M: -18.34%
• YTD: -4.40%
• 6M: -15.45%
• 1Y: -63.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLZ vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	-5.60%	-75.98%	-88.79%	-28.07%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.40%	-74.84%	-89.21%	-20.57%

Correlation

The correlation between TSLZ and TSDD is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	1.00

The correlation between TSLZ and TSDD has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

TSLZ vs. TSDD — Risk / Return Rank

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

TSLZ

TSLZ Risk / Return Rank: 3
TSLZ Sharpe Ratio Rank: 3
TSLZ Sortino Ratio Rank: 3
TSLZ Omega Ratio Rank: 3
TSLZ Calmar Ratio Rank: 2
TSLZ Martin Ratio Rank: 3

TSDD

TSDD Risk / Return Rank: 3
TSDD Sharpe Ratio Rank: 3
TSDD Sortino Ratio Rank: 3
TSDD Omega Ratio Rank: 3
TSDD Calmar Ratio Rank: 2
TSDD Martin Ratio Rank: 3

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.

TSLZ vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) 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.

	TSLZ	TSDD	Difference
Sharpe ratio Return per unit of total volatility	-0.71	-0.69	-0.02
Sortino ratio Return per unit of downside risk	-0.96	-0.88	-0.08
Omega ratio Gain probability vs. loss probability	0.89	0.90	-0.01
Calmar ratio Return relative to maximum drawdown	-0.83	-0.82	-0.01
Martin ratio Return relative to average drawdown	-1.06	-1.05	-0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLZ vs. TSDD - Sharpe Ratio Comparison

The current TSLZ Sharpe Ratio is -0.71, which is comparable to the TSDD Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of TSLZ and TSDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLZ	TSDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.71	-0.69	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	-0.66	-0.01

Drawdowns

TSLZ vs. TSDD - Drawdown Comparison

The maximum TSLZ drawdown since its inception was -99.11%, roughly equal to the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for TSLZ and TSDD.

Drawdown Indicators

	TSLZ	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-99.11%	-99.03%	-0.08%
Max Drawdown (1Y) Largest decline over 1 year	-76.62%	-76.12%	-0.50%
Current Drawdown Current decline from peak	-99.01%	-98.90%	-0.11%
Average Drawdown Average peak-to-trough decline	-75.32%	-71.17%	-4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.42%	59.70%	+0.72%

Volatility

TSLZ vs. TSDD - Volatility Comparison

T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and GraniteShares 2x Short TSLA Daily ETF (TSDD) have volatilities of 24.08% and 24.17%, 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.

Volatility by Period

	TSLZ	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.08%	24.17%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	54.94%	54.90%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	91.67%	92.59%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.13%	114.54%	+2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.13%	114.54%	+2.59%

TSLZ vs. TSDD - Expense Ratio Comparison

TSLZ has a 1.05% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

TSLZ vs. TSDD - Dividend Comparison

TSLZ's dividend yield for the trailing twelve months is around 0.73%, less than TSDD's 8.81% yield.

Position	TTM	2025	2024	2023
TSDD GraniteShares 2x Short TSLA Daily ETF	8.81%	8.42%	0.00%	24.84%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.73%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both TSLZ and TSDD in my portfolio?

With a correlation of 1.00, TSLZ and TSDD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSLZ or TSDD?

TSDD has higher volatility (24.17%) compared to TSLZ (24.08%). In terms of maximum drawdown, TSLZ dropped -99.11% vs TSDD's -99.03%.

Which ETF is better, TSLZ or TSDD?

On 1-year performance, TSDD leads with -63.29% vs -64.61% for TSLZ. On fees, TSLZ is cheaper at 1.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLZ or TSDD?

Over the 1-year period, TSDD has performed better with a -63.29% return vs -64.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLZ or TSDD?

TSLZ is cheaper with a 1.05% expense ratio, compared with 1.50% for TSDD.

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

TSDD has the higher dividend yield at 8.81%, compared with 0.73% for TSLZ.

What is the main difference between TSLZ and TSDD?

They also come from different issuers: T-Rex and GraniteShares. Their fees differ too: 1.05% for TSLZ and 1.50% for TSDD.

Which has better risk-adjusted returns?

TSDD currently has the higher Sharpe Ratio (-0.69 vs -0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.