TSMU vs. NTSD

Last updated Jun 3, 2026

TSMU (GraniteShares 2x Long TSM Daily ETF) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. TSMU charges 1.50%/yr vs 0.35%/yr for NTSD.

Performance

TSMU vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long TSM Daily ETF (TSMU) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSMU

• 1D: 4.32%
• 1M: 22.68%
• YTD: 90.07%
• 6M: 102.38%
• 1Y: 302.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NTSD

• 1D: 0.35%
• 1M: 6.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSMU vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
TSMU GraniteShares 2x Long TSM Daily ETF	62.52%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	19.23%

Correlation

The correlation between TSMU and NTSD is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.59

Return for Risk

TSMU vs. NTSD — Risk / Return Rank

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

TSMU

TSMU Risk / Return Rank: 89
TSMU Sharpe Ratio Rank: 96
TSMU Sortino Ratio Rank: 84
TSMU Omega Ratio Rank: 76
TSMU Calmar Ratio Rank: 96
TSMU Martin Ratio Rank: 94

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.

TSMU vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSM Daily ETF (TSMU) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.

	TSMU	NTSD	Difference
Sharpe ratio Return per unit of total volatility	4.28	—	—
Sortino ratio Return per unit of downside risk	3.83	—	—
Omega ratio Gain probability vs. loss probability	1.46	—	—
Calmar ratio Return relative to maximum drawdown	8.85	—	—
Martin ratio Return relative to average drawdown	28.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TSMU	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	5.75	-4.23

Drawdowns

TSMU vs. NTSD - Drawdown Comparison

The maximum TSMU drawdown since its inception was -63.73%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for TSMU and NTSD.

Drawdown Indicators

	TSMU	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-63.73%	-5.20%	-58.53%
Max Drawdown (1Y) Largest decline over 1 year	-35.18%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-16.04%	-0.84%	-15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.83%	—	—

Volatility

Volatility by Period

	TSMU	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.13%	24.31%	+46.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.48%	24.31%	+56.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.48%	24.31%	+56.17%

TSMU vs. NTSD - Expense Ratio Comparison

TSMU has a 1.50% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

TSMU vs. NTSD - Dividend Comparison

Neither TSMU nor NTSD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TSMU and NTSD in my portfolio?

TSMU and NTSD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSMU or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSMU or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 1.50% for TSMU.

Which ETF pays a higher dividend yield, TSMU or NTSD?

TSMU and NTSD have nearly identical dividend yields, around 0.00%.

What is the main difference between TSMU and NTSD?

They also come from different issuers: GraniteShares and WisdomTree. Their fees differ too: 1.50% for TSMU and 0.35% for NTSD.