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XEH.TO vs. TSDD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEH.TO vs. TSDD

Last updated Jun 16, 2026

XEH.TO (iShares MSCI Europe IMI Index ETF (CAD-Hedged)) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both exchange-traded funds - XEH.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD, while TSDD is a Inverse Equities fund actively managed by GraniteShares. XEH.TO is passively managed, while TSDD is actively managed. Over the past year, XEH.TO returned 19.04% vs -62.06% for TSDD. At a correlation of -0.26, they often move in opposite directions. XEH.TO charges 0.28%/yr vs 1.50%/yr for TSDD.

Performance

XEH.TO vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.TO) and GraniteShares 2x Short TSLA Daily ETF (TSDD). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XEH.TO is traded in CAD, while TSDD is traded in USD. To make them comparable, the TSDD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XEH.TO achieves a 8.96% return, which is significantly higher than TSDD's 0.38% return.

XEH.TO

1D
0.34%
1M
4.85%
YTD
8.96%
6M
10.12%
1Y
19.04%
3Y*
13.62%
5Y*
9.41%
10Y*
10.47%

TSDD

1D
-2.12%
1M
2.42%
YTD
0.38%
6M
9.64%
1Y
-62.06%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEH.TO vs. TSDD - Yearly Performance Comparison

2026 (YTD)202520242023
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)		8.96%20.43%7.72%6.82%
TSDD
GraniteShares 2x Short TSLA Daily ETF		0.38%-75.98%-88.30%-22.33%

Correlation

The correlation between XEH.TO and TSDD is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.30

Correlation (All Time)
Calculated using the full available price history since Aug 22, 2023

-0.26

XEH.TO vs. TSDD - Sectors Allocation Comparison

Sectors
XEH.TO
TSDD

Financial Services

20.7%

-

Industrials

15.9%

-

Healthcare

10.9%

-

Technology

9.0%

-

Consumer Defensive

8.0%

-

Consumer Cyclical

6.6%
200.1%

Basic Materials

5.3%

-

Energy

4.2%

-

Utilities

3.6%

-

Communication Services

3.3%

-

Real Estate

1.4%

-

Financial Services

XEH.TO
20.7%
TSDD

-

Industrials

XEH.TO
15.9%
TSDD

-

Healthcare

XEH.TO
10.9%
TSDD

-

Technology

XEH.TO
9.0%
TSDD

-

Consumer Defensive

XEH.TO
8.0%
TSDD

-

Consumer Cyclical

XEH.TO
6.6%
TSDD
200.1%

Basic Materials

XEH.TO
5.3%
TSDD

-

Energy

XEH.TO
4.2%
TSDD

-

Utilities

XEH.TO
3.6%
TSDD

-

Communication Services

XEH.TO
3.3%
TSDD

-

Real Estate

XEH.TO
1.4%
TSDD

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Europe IMI Index ETF (CAD-Hedged)

GraniteShares 2x Short TSLA Daily ETF

Often compared with XEH.TO:
XEH.TO vs. XEU.TOXEH.TO vs. XEF.TOXEH.TO vs. VEF.TOXEH.TO vs. IWYXEH.TO vs. IEURXEH.TO vs. XEQT.TOXEH.TO vs. ZEA.TO
Often compared with TSDD:
TSDD vs. TSLQTSDD vs. TSLZTSDD vs. TSLSTSDD vs. TSLRTSDD vs. AAPUTSDD vs. YANGTSDD vs. SCHG

Return for Risk

XEH.TO vs. TSDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEH.TO
XEH.TO Risk / Return Rank: 4646
Overall Rank
XEH.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
XEH.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XEH.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XEH.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
XEH.TO Martin Ratio Rank: 4949
Martin Ratio Rank
TSDD
TSDD Risk / Return Rank: 33
Overall Rank
TSDD Sharpe Ratio Rank: 44
Sharpe Ratio Rank
TSDD Sortino Ratio Rank: 44
Sortino Ratio Rank
TSDD Omega Ratio Rank: 44
Omega Ratio Rank
TSDD Calmar Ratio Rank: 11
Calmar Ratio Rank
TSDD Martin Ratio Rank: 44
Martin Ratio Rank
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.

XEH.TO vs. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.TO) 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.

XEH.TOTSDDDifference
Sharpe ratioReturn per unit of total volatility
1.49
-0.70

+2.19

Sortino ratioReturn per unit of downside risk
2.17
-0.89

+3.06

Omega ratioGain probability vs. loss probability

1.28

0.90

+0.37

Calmar ratioReturn relative to maximum drawdown

1.84

-0.86

+2.71

Martin ratioReturn relative to average drawdown

7.53

-1.13

+8.66

XEH.TO vs. TSDD - Sharpe Ratio Comparison

The current XEH.TO Sharpe Ratio is 1.49, which is higher than the TSDD Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of XEH.TO 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.

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Drawdowns

XEH.TO vs. TSDD - Drawdown Comparison

The maximum XEH.TO drawdown since its inception was -35.81%, smaller than the maximum TSDD drawdown of -99.02%. Use the drawdown chart below to compare losses from any high point for XEH.TO and TSDD.

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Drawdown Indicators

XEH.TOTSDDDifference

Max Drawdown

Largest peak-to-trough decline

-35.81%

-99.02%

+63.21%

Max Drawdown (1Y)

Largest decline over 1 year

-10.38%

-72.01%

+61.63%

Max Drawdown (3Y)

Largest decline over 3 years

-15.01%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-20.33%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-35.81%

—

—

Current Drawdown

Current decline from peak

0.00%

-98.85%

+98.85%

Average Drawdown

Average peak-to-trough decline

-4.92%

-71.51%

+66.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

55.18%

-52.65%

Volatility

XEH.TO vs. TSDD - Volatility Comparison

The current volatility for iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.TO) is 4.44%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 27.99%. This indicates that XEH.TO 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.

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Volatility by Period

XEH.TOTSDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.44%

27.99%

-23.55%

Volatility (6M)

Calculated over the trailing 6-month period

10.79%

57.84%

-47.05%

Volatility (1Y)

Calculated over the trailing 1-year period

12.85%

88.99%

-76.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.23%

114.33%

-100.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.04%

114.33%

-98.29%

XEH.TO vs. TSDD - Expense Ratio Comparison

XEH.TO has a 0.28% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

XEH.TO vs. TSDD - Dividend Comparison

XEH.TO's dividend yield for the trailing twelve months is around 2.30%, less than TSDD's 8.55% yield.

PositionTTM20252024202320222021202020192018201720162015
TSDD
GraniteShares 2x Short TSLA Daily ETF		8.55%8.42%0.00%24.84%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)		2.30%2.50%2.71%2.98%3.12%2.40%2.01%3.52%3.39%2.22%2.39%2.27%

Frequently Asked Questions

XEH.TO and TSDD have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEH.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEH.TO is cheaper with a 0.28% expense ratio, compared with 1.50% for TSDD.

XEH.TO is categorized as Europe Equities, while TSDD is Inverse Equities. They also come from different issuers: iShares and GraniteShares. Their fees differ too: 0.28% for XEH.TO and 1.50% for TSDD.

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