WTID vs. TSDD

Last updated Jun 4, 2026

WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both Inverse Equities funds. WTID is passively managed, while TSDD is actively managed. Over the past year, WTID returned -72.92% vs -62.89% for TSDD. At a 0.07 correlation, their price movements are largely independent. WTID charges 0.95%/yr vs 1.50%/yr for TSDD.

Performance

WTID vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Energy -3X Inverse Leveraged ETN (WTID) 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, WTID achieves a -62.23% return, which is significantly lower than TSDD's -4.27% return.

WTID

• 1D: -3.31%
• 1M: -1.13%
• YTD: -62.23%
• 6M: -57.99%
• 1Y: -72.92%
• 3Y*: -48.40%
• 5Y*: —
• 10Y*: —

TSDD

• 1D: 0.14%
• 1M: -17.41%
• YTD: -4.27%
• 6M: -7.92%
• 1Y: -62.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTID vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WTID MicroSectors Energy -3X Inverse Leveraged ETN	-62.23%	-44.50%	-7.93%	0.21%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.27%	-74.84%	-89.21%	-20.49%

Correlation

The correlation between WTID and TSDD is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	0.07

The correlation between WTID and TSDD shifts across timeframes, from -0.03 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

WTID vs. TSDD - Sectors Allocation Comparison

Sectors	WTID	TSDD
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	200.1%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

WTID vs. TSDD — Risk / Return Rank

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

WTID

WTID Risk / Return Rank: 1
WTID Sharpe Ratio Rank: 1
WTID Sortino Ratio Rank: 0
WTID Omega Ratio Rank: 1
WTID Calmar Ratio Rank: 1
WTID Martin Ratio Rank: 1

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: 4

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.

WTID vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) 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.

	WTID	TSDD	Difference
Sharpe ratio: Return per unit of total volatility	-1.10	-0.68	-0.42
Sortino ratio: Return per unit of downside risk	-2.24	-0.87	-1.37
Omega ratio: Gain probability vs. loss probability	0.77	0.90	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.83	-0.11
Martin ratio: Return relative to average drawdown	-1.55	-1.05	-0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTID vs. TSDD - Sharpe Ratio Comparison

The current WTID Sharpe Ratio is -1.10, which is lower than the TSDD Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of WTID 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

	WTID	TSDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.10	-0.68	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	-0.66	+0.05

Drawdowns

WTID vs. TSDD - Drawdown Comparison

The maximum WTID drawdown since its inception was -90.35%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for WTID and TSDD.

Drawdown Indicators

	WTID	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-90.35%	-99.03%	+8.68%
Max Drawdown (1Y) Largest decline over 1 year	-78.12%	-76.12%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-88.99%	—	—
Current Drawdown Current decline from peak	-88.87%	-98.90%	+10.03%
Average Drawdown Average peak-to-trough decline	-54.44%	-71.21%	+16.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.10%	59.88%	-12.78%

Volatility

WTID vs. TSDD - Volatility Comparison

MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 25.63% compared to GraniteShares 2x Short TSLA Daily ETF (TSDD) at 24.19%. This indicates that WTID'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

	WTID	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.63%	24.19%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	53.59%	54.90%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	66.54%	92.57%	-26.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.34%	114.46%	-44.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.34%	114.46%	-44.12%

WTID vs. TSDD - Expense Ratio Comparison

WTID has a 0.95% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

WTID vs. TSDD - Dividend Comparison

WTID has not paid dividends to shareholders, while TSDD's dividend yield for the trailing twelve months is around 8.80%.

Position	TTM	2025	2024	2023
TSDD GraniteShares 2x Short TSLA Daily ETF	8.80%	8.42%	0.00%	24.84%
WTID MicroSectors Energy -3X Inverse Leveraged ETN	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTID and TSDD in my portfolio?

WTID and TSDD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTID or TSDD?

WTID has higher volatility (25.63%) compared to TSDD (24.19%). In terms of maximum drawdown, WTID dropped -90.35% vs TSDD's -99.03%.

Which ETF is better, WTID or TSDD?

On 1-year performance, TSDD leads with -62.89% vs -72.92% for WTID. On fees, WTID is cheaper at 0.95% per year. On volatility, TSDD has been the lower-risk option at 24.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTID or TSDD?

Over the 1-year period, TSDD has performed better with a -62.89% return vs -72.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTID or TSDD?

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

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

TSDD has the higher dividend yield at 8.80%, compared with 0.00% for WTID.

What is the main difference between WTID and TSDD?

They also come from different issuers: REX and GraniteShares. Their fees differ too: 0.95% for WTID and 1.50% for TSDD.

Which has better risk-adjusted returns?

TSDD currently has the higher Sharpe Ratio (-0.68 vs -1.10), 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.