VRTL vs. TSDD

Last updated Aug 2, 2026

VRTL (GraniteShares 2x Long VRT Daily ETF) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - VRTL is a Leveraged Equities fund actively managed by GraniteShares, while TSDD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, VRTL returned 64.41% vs -46.78% for TSDD. Their -0.41 correlation means they have often moved in opposite directions in the past. VRTL charges 1.50%/yr vs 0.95%/yr for TSDD.

Performance

VRTL vs. TSDD - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with VRTL having a 49.92% return and TSDD slightly lower at 47.87%.

VRTL

• 1D: 12.49%
• 1M: -40.41%
• 6M: 17.15%
• YTD: 49.92%
• 1Y: 64.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 134.30%

TSDD

• 1D: -1.55%
• 1M: 44.87%
• 6M: 39.90%
• YTD: 47.87%
• 1Y: -46.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -69.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSDD GraniteShares 2x Short TSLA Daily ETF	$166.67M	$161.08M	$200.09M
VRTL GraniteShares 2x Long VRT Daily ETF	$7.19M	$7.02M	$12.49M

VRTL vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025
VRTL GraniteShares 2x Long VRT Daily ETF	49.92%	110.50%
TSDD GraniteShares 2x Short TSLA Daily ETF	47.87%	-83.35%

Correlation

The correlation between VRTL and TSDD is -0.41, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.41
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	-0.41

VRTL vs. TSDD - Sectors Allocation Comparison

Sectors	VRTL	TSDD
Industrials	66.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	200.0%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

VRTL vs. TSDD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VRTL

VRTL Risk / Return Rank: 30
VRTL Sharpe Ratio Rank: 21
VRTL Sortino Ratio Rank: 40
VRTL Omega Ratio Rank: 40
VRTL Calmar Ratio Rank: 25
VRTL Martin Ratio Rank: 26

TSDD

TSDD Risk / Return Rank: 6
TSDD Sharpe Ratio Rank: 5
TSDD Sortino Ratio Rank: 7
TSDD Omega Ratio Rank: 7
TSDD Calmar Ratio Rank: 4
TSDD Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VRTL vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long VRT Daily ETF (VRTL) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VRTL	TSDD	Difference
Sharpe ratio: Return per unit of total volatility	0.42	-0.49	+0.91
Sortino ratio: Return per unit of downside risk	1.50	-0.27	+1.76
Omega ratio: Gain probability vs. loss probability	1.19	0.97	+0.22
Calmar ratio: Return relative to maximum drawdown	0.77	-0.65	+1.42
Martin ratio: Return relative to average drawdown	2.20	-0.80	+3.00

VRTL vs. TSDD - Sharpe Ratio Comparison

The current VRTL Sharpe Ratio is 0.42, which is higher than the TSDD Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of VRTL 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.

Drawdowns

VRTL vs. TSDD - Drawdown Comparison

The maximum VRTL drawdown since its inception was -70.53%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for VRTL and TSDD.

Drawdown Indicators

	VRTL	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-70.53%	-99.03%	+28.50%
Max Drawdown (1Y) Largest decline over 1 year	-70.53%	-69.48%	-1.05%
Current Drawdown Current decline from peak	-65.58%	-98.31%	+32.73%
Average Drawdown Average peak-to-trough decline	-18.14%	-72.61%	+54.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.96%	56.09%	-31.13%

Volatility

VRTL vs. TSDD - Volatility Comparison

GraniteShares 2x Long VRT Daily ETF (VRTL) has a higher volatility of 52.00% compared to GraniteShares 2x Short TSLA Daily ETF (TSDD) at 37.07%. This indicates that VRTL's price experiences larger fluctuations and is considered to be riskier than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRTL	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.00%	37.07%	+14.93%
Volatility (6M) Calculated over the trailing 6-month period	106.22%	67.48%	+38.74%
Volatility (1Y) Calculated over the trailing 1-year period	128.88%	92.71%	+36.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.52%	115.20%	+15.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.52%	115.20%	+15.32%

VRTL vs. TSDD - Expense Ratio Comparison

VRTL has a 1.50% expense ratio, which is higher than TSDD's 0.95% expense ratio.

Dividends

VRTL vs. TSDD - Dividend Comparison

VRTL has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 5.70%.

Position	TTM	2025	2024	2023
TSDD GraniteShares 2x Short TSLA Daily ETF	5.70%	8.42%	0.00%	24.84%
VRTL GraniteShares 2x Long VRT Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VRTL and TSDD in my portfolio?

VRTL and TSDD have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRTL or TSDD?

VRTL has higher volatility (52.00%) compared to TSDD (37.07%). In terms of maximum drawdown, VRTL dropped -70.53% vs TSDD's -99.03%.

Which ETF is better, VRTL or TSDD?

On 1-year performance, VRTL leads with 64.41% vs -46.78% for TSDD. On fees, TSDD is cheaper at 0.95% per year. On volatility, TSDD has been the lower-risk option at 37.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VRTL or TSDD?

Over the 1-year period, VRTL has performed better with a 64.41% return vs -46.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VRTL or TSDD?

TSDD is cheaper with a 0.95% expense ratio, compared with 1.50% for VRTL.

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

TSDD has the higher dividend yield at 5.70%, compared with 0.00% for VRTL.

What is the main difference between VRTL and TSDD?

VRTL is categorized as Leveraged Equities, while TSDD is Inverse Equities. Their fees differ too: 1.50% for VRTL and 0.95% for TSDD.

Which has better risk-adjusted returns?

VRTL currently has the higher Sharpe Ratio (0.42 vs -0.49), 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.