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Launched

GraniteShares 2x Short TSLA Daily ETF

TSDDNasdaqGraniteSharesAThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$6.05−0.12 (−1.94%)

At close: Nov 2, 2026, 4:00 PM ET

A84/ 100

Rank 2 of 58 in Single-Stock Inverse

A84/100Rank 2 of 58inSingle-Stock Inverse
Intraday session: down, 79 prints from 6.17 to 6.05. Range 5.74 to 6.20. Use the arrow keys to read each point.5.805.9010 AM12 PM2 PM4 PM
Expense ratio
0.98%*
Fund size
$30M
1Y total return
−26.1%
Yield · Last 12 months
10.76%
Holdings
1
Avg volume · 30D
11M sh
52W range
low $5.74high $12.55
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 1.22%.

The ETF.net TSDD Grade

Based on 5 of 6 pillars

A

Score 84 out of 100

Category
Single-Stock Inverse⁠
Rank
2 of 58
Six-pillar profile for TSDD. Scores out of 100: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72. Strongest: Mission (98). Weakest: Risk (49). Based on 5 of 6 pillars.

Score 84 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A94 out of 100
    Rank 4 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 8 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 24 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A81 out of 100
    Rank 5 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A72 out of 100
    Rank 6 of 58

Our read on TSDD

ETF.net Research

In short

ATesla bears pick their dosage; this is the double. TSDD aims for -2x TSLA's move each day, reset daily, at 0.95% net of a waiver through December 31, 2026. Designed as a short-term tool, not a buy-and-forget holding.

Stated mandate

The fund seeks daily results before fees and expenses equal to negative 200% of the daily percentage change in Tesla's common stock. It is designed as a short-term inverse leveraged vehicle.

Why people hold it

  • 0.95% net of a waiver through December 31, 2026 (1.13% gross) undercuts fellow 2x short Tesla fund TSLZ at 1.05% and matches 1x bear TSLS at 0.95%, for double the daily exposure.
  • Hews closely to its stated -2x daily target, one of the tighter implementations among single-stock bear funds.
  • Heavily traded for an inverse single-stock fund, so getting in and out is rarely a chore.
  • A 1940 Act ETF that uses swaps and options on TSLA to sit near 200% short at each close: no margin account or stock borrow on your end.graniteshares.com

Worth knowing

  • The -2x target resets every day. Hold longer and compounding pulls results away from -2x TSLA's cumulative move, in either direction.graniteshares.com
  • One stock, geared twice: a sharp TSLA rally bites just as hard in reverse. Risk is the highest-octane part of this package.
  • A small fund, and the fee waiver runs through December 31, 2026; after that costs can step up toward the 1.13% gross level.

TSDD Performance

Launched Aug 21, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
TSDD$7,388
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. TSDD $7,388. SPY $11,146. Use the arrow keys to read each point.$7,500$10,000$12,500$15,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TSDD. Periods over one year show the average yearly return.
PeriodTSDD
Year to date−21.7%
1 month−18.2%
3 months−47.1%
1 year−26.1%
3 yearsper year−74.3%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TSDD
YearReturn barTSDD
2026 YTD−21.7%
2025−75.0%

TSDD in the news

TSDD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
10.76%Last 12 months
Payout per share
$0.65Last 12 months
Last payment
$0.65 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2023–2026

One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 27, 2023 $77.34; Dec 29, 2025 $0.65. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$0.65
Dec 27, 2023Dec 29, 2023$77.34

$10,000 in TSDD 3 years ago paid $1,601 in dividends.

TSDD Risk

Risk pillarC49 out of 100Rank 24 of 54 in Single-Stock Inverse

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
100.6%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.87
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−99.1%
38 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−2.40
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TSDD Cost

Compare TSDD and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$3,880

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TSDD 0.98%

    $18,362

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • TSDD 0.98%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSDD $18,362SKHZ $14,482

Year by year

YearTSDDSKHZOverpaying
10$1,729$1,336$393
20$6,504$5,078$1,426
30$18,362$14,482$3,880
How the 0.98% is worked out

Full fee 1.22%− waiver 0.24%= you pay 0.98%

The waiver ends Dec 31, 2027. After that the fee is 1.22% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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