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AMDD vs TSDD

Direxion Daily AMD Bear 1X ETF

AMDDBNasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

0.0%by weight

Expense ratio

TSDD −0.47pt a year

AMDD1.45%TSDD0.98%

Avg volume · 30D

TSDD 9.3×the volume

AMDD1.19MTSDD11M

AMDD vs TSDD Performance

Oct 31, 2025 – Nov 2, 2026

−63.9%AMDD−26.1%TSDD

Oct 31, 2025 to Nov 2, 2026. AMDD −63.9%. TSDD −26.1%. Use the arrow keys to read each point.−50%0%25%50%Oct 2025May 2026Nov 2026
Expense ratio
AMDD 1.45%
TSDD 0.98%, better
Fund size
AMDD $17M
TSDD $30M
1Y total return
AMDD −63.9%
TSDD −26.1%, better
Yield (12M)
AMDD 11.25%, better
TSDD 10.76%
Holdings
AMDD 4
TSDD 1
Avg volume (30D)
AMDD 1.19M sh
TSDD 11M sh, better
NAV per share
AMDD $26.43
TSDD $6.18
52W range

ETF.net Grade

AMDD: Cost 42, Risk 39, Mission 87, Tradability 48, Holdings not scored, Durability 63. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for AMDD, TSDD, with each pillar’s weight
PillarAMDDTSDD
Cost30% weightC42A94Higher
Mission25% weightA87A98Higher
Risk15% weightD39C49Higher
Tradability15% weightC48A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB63A72Higher

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AMDD and TSDD are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSDD ranks 2nd and AMDD 21st of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  4. Rank 19BSMSTDefiance Daily Target 2x Short MSTR ETFScore 60
  5. Rank 21BAMDDDirexion Daily AMD Bear 1X ETFScore 56
  6. Rank 22BIREZTradr 2X Short IREN Daily ETFScore 55

Our read on each fund

ETF.net Research

AMDDBDirexion Daily AMD Bear 1X ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

AMDD A one-day short on AMD, bought like any stock. AMDD aims for 100% of the inverse of AMD's daily move: no margin account, no borrowed shares, and no extra leverage stacked on top.

TSDD Tesla 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

AMDD The Fund seeks daily investment results equal to 100% of the inverse of AMD’s daily performance, before fees and expenses.

TSDD 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

  • AMDD Shorting without the plumbing. One buy order gets inverse AMD exposure, no margin account and no locating shares to borrow.
  • Unleveraged inverse: the daily target is -1x AMD, before fees, so a 5% AMD pop aims for roughly a 5% fund drop, not 10%.
  • Day to day, it has tracked its stated -1x target closely, one of the tighter mandate deliveries among single-stock bear funds.
  • Ordinary 1940 Act fund wrapper, actively traded during market hours, with distributions paid quarterly.
  • TSDD 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

  • AMDD The 1.45% expense ratio sits above other single-stock bear funds, including TSLS at 0.95% and AAPD at 0.96%.
  • The target resets every day. Hold past one session and compounding takes over, so multi-day results can drift far from the inverse of AMD's move.
  • Young and small: launched in 2025 with a modest asset base, and one chipmaker's headlines drive the whole position.
  • TSDD 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.

Full AMDD profile⁠

Full TSDD profile⁠

AMDD vs TSDD Holdings

How AMDD and TSDD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AMDD and 0.0% of TSDD.

Level by level

  • Holdings0 in both0.0%
  • Asset classLeveraged/Inverse100%
  • Countryby domicile100%

Sector

No Sector split for AMDD.

Country, concentration and asset class

Country by domicile

Country weights in AMDD and TSDD, widest gap first
CountryMore in AMDDMore in TSDD
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • AMDD2247.7%
  • TSDD200.0%

Securities held

  • AMDD2
  • TSDD1

Asset class

AMDD
Leveraged/Inverse
TSDD
Leveraged/Inverse

Holdings

  • Only in AMDD2
  • In both0
  • Only in TSDD1

Only in AMDD

2 securities, 100% of AMDD by weight

  • Goldman Finl Sq Trsry Inst 506302.02%
  • Goldman Sachs Fin Gov 465 Institut162.55%

Only in TSDD

1 security, 100% of TSDD by weight

  • Tsla200.04%

Weight gaps

AMDD and TSDD share no securities.

All 3 AMDD holdings⁠All 2 TSDD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AMDD vs TSDD Cost

Overpaying AMDD vs TSDD

$7,208

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

  • AMDD 1.45%

    $25,570

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • AMDD 1.45%
  • TSDD 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530AMDD $25,570TSDD $18,362

Year by year

YearAMDDTSDDOverpaying
10$2,509$1,729$780
20$9,241$6,504$2,737
30$25,570$18,362$7,208

Expense ratio

  • 1.45%AMDD
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

AMDD 30th cheapest of 43 funds

AMDD vs TSDD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AMDD 11.25%, better
TSDD 10.76%
Payout (12M)
AMDD $3.20
TSDD $0.65
Last payment
AMDD $0.24
TSDD $0.65
Ex-dividend
AMDD Sep 22, 2026
TSDD Dec 29, 2025
Paid on
AMDD Sep 29, 2026
TSDD Dec 31, 2025
Frequency
AMDD Quarterly
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

AMDDQuarterly · 7 paymentsAll AMDD payments⁠
One bar per payment. 7 payments from 2023 to 2026 YTD. Mar 25, 2025 $0.87; Jun 24, 2025 $1.72; Sep 23, 2025 $1.03; Dec 23, 2025 $1.57; Mar 24, 2026 $1.14; Jun 23, 2026 $0.25; Sep 22, 2026 $0.24. Use the arrow keys to read each point.$0$5020232026YTD
TSDDIrregular · 2 paymentsAll TSDD payments⁠
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.$0$5020232026YTD

AMDD vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMDD 65.0%since Mar 2025TSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
AMDD −1.68since Mar 2025TSDD −0.87
Worst fallMax drawdown, 5 years
AMDD −93.4%since Feb 2025TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
AMDD −2.52TSDD −2.40

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