GraniteShares 2x Short TSLA Daily ETF
AThis 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.
$7.19+0.11 (+1.55%)
- 1.13%
- $26M
- −31.5%
- 9.19%
- 18.8M sh
- $7.09
- low $6.57high $12.55
The ETF.net TSDD Grade
A
Score 82 out of 100
- 2 of 58
Score 82 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.A82 out of 100Rank 11 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A98 out of 100Rank 6 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 17 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A93 out of 100Rank 2 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 9 of 58
Our read on TSDD
AMost single-stock bear ETFs settle for -1x. TSDD aims for negative 200% of Tesla's move, reset every trading day, at a fee below the norm for its group. A blunt instrument built for short holding periods.
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
- Aims for negative 200% of Tesla's daily move: a 1% down day in TSLA targets a 2% gain before fees. Double the strength of the -1x Tesla bear funds.graniteshares.com
- Costs 1.13% a year, below the typical single-stock bear ETF fee. TSLS charges less but targets only -1x Tesla, so the extra leverage here comes cheap.graniteshares.com
- Hits its stated daily target closely and stays one of the busier names in its category, so getting in and out intraday is rarely the hard part.
- Running since 2023 and one of the stronger implementations in the single-stock bear crowd.
Worth knowing
- The -2x target resets daily. Hold past one day and compounding takes over; a choppy Tesla can leave the result well off the simple doubled math.graniteshares.com
- Leverage swings both ways: a 5% up day in Tesla targets a 10% hit here, before fees. One stock, no diversification cushion.
- Small by assets, with distributions at most once or twice a year. The prospectus frames it as a short-term inverse vehicle, not a hold-and-forget position.
TSDD Holdings
- Other
- 1
- 200%
- TSLA
Sectors
- Consumer Discretionary100.0%
Geography
- United States100.00%
TSDD Performance
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$6,854
Returns run to the Oct 12, 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.
| Period | TSDD |
|---|---|
| Year to date | −8.4% |
| 1 month | −8.3% |
| 3 months | −1.3% |
| 1 year | −31.5% |
| 3 years | −70.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TSDD |
|---|---|---|
| 2026 YTD | −8.4% | |
| 2025 | −75.0% | |
| 2024 | −89.2% | |
| 2023 | −17.9% |
TSDD in the news
TSDD Dividends
- 9.19%
- $0.65
- $0.65 per share
- Irregular
Distribution history
TSDD Risk
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.
- 102.8%
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.
- −0.66
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.
- −99.0%
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.
- −2.22
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TSDD Cost
1.13%
TSDD1.13%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
10 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- AAAPDDirexion Daily AAPL Bear 1X ETFExpense ratio 0.96%1 year return −28.1%
- AAVSDirexion Daily AVGO Bear 1X SharesExpense ratio 1.21%1 year return −22.1%
- ATSLSDirexion Daily TSLA Bear 1X ETFExpense ratio 0.95%1 year return −3.6%
- APLTDDirexion Shares ETF Trust - Direxion Daily PLTR Bear 1X ETFExpense ratio 0.99%1 year return −36.9%
- ATSLQTradr 2X Short TSLA Daily ETFExpense ratio 1.23%1 year return −29.7%