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APLZ vs TSDD

Tradr 2X Short APLD Daily ETF

APLZCCboe

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.51pt a year

APLZ1.49%TSDD0.98%

Avg volume · 30D

TSDD 82.2×the volume

APLZ134KTSDD11M

APLZ vs TSDD Performance

Jul 31, 2026 – Oct 30, 2026

+44.0%APLZ−46.0%TSDD

Jul 31, 2026 to Oct 30, 2026. APLZ +44.0%. TSDD −46.0%. Use the arrow keys to read each point.−20%0%20%60%Jul 2026Sep 2026Oct 2026
Expense ratio
APLZ 1.49%
TSDD 0.98%, better
Fund size
APLZ $5M
TSDD $31M
1Y total return
APLZ No data
TSDD −24.7%
Yield (12M)
APLZ No data
TSDD 10.55%
Holdings
APLZ 2
TSDD 1
Avg volume (30D)
APLZ 134K sh
TSDD 11M sh, better
NAV per share
APLZ $35.31
TSDD $6.07
52W range

ETF.net Grade

APLZ: Cost 25, Risk 40, Mission 97, Tradability 38, Holdings not scored, Durability 32. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for APLZ, TSDD, with each pillar’s weight
PillarAPLZTSDD
Cost30% weightD25A94Higher
Mission25% weightA97A98Higher
Risk15% weightC40C49Higher
Tradability15% weightD38A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD32A72Higher

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. APLZ 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 APLZ 28th 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 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 26CSNDQTradr 2X Short SNDK Daily ETFScore 41
  5. Rank 28CAPLZTradr 2X Short APLD Daily ETFScore 40
  6. Rank 28CCSCSDirexion Daily CSCO Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

APLZCTradr 2X Short APLD Daily ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

APLZ A one-day trade in a fund wrapper: APLZ aims to deliver two times the inverse of Applied Digital's daily move, so bears can lean against the AI data-center story without a margin account or a stock loan.

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

APLZ The fund seeks daily results equal to two times the inverse performance of Applied Digital Corporation common shares, before fees and expenses. It is designed for a one-trading-day objective rather than a longer holding period.

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

  • APLZ Pure single-name tool. Instead of a sector basket, it targets one stock, Applied Digital (APLD), at twice the inverse of its daily move.tradretfs.com
  • Short exposure in an ordinary brokerage account: no margin agreement, no locating shares to borrow, no open-ended short losses beyond what you put in.tradretfs.com
  • Tight to its mandate. Day to day, the fund has hewed closely to its stated two-times-inverse objective, one of the stronger tracking records among inverse single-stock funds.
  • 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

  • APLZ The math resets every day. Hold longer than a session and compounding takes over, so results over a week or a month can drift well away from minus two times the move.
  • At 1.49% a year, it sits above the typical inverse single-stock fund; peers like TSLS and AAPD run cheaper, though they target different stocks at 1x.
  • Young and small: launched in 2026 with a modest asset base, so it has a short track record and thinner trading than the established names in the category.
  • 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 APLZ profile⁠

Full TSDD profile⁠

APLZ vs 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.

APLZ vs TSDD Cost

Overpaying APLZ vs TSDD

$7,779

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

  • APLZ 1.49%

    $26,141

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • APLZ 1.49%
  • 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$30K051015202530APLZ $26,141TSDD $18,362

Year by year

YearAPLZTSDDOverpaying
10$2,574$1,729$845
20$9,464$6,504$2,960
30$26,141$18,362$7,779

Expense ratio

  • 1.49%APLZ
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

APLZ 31st cheapest of 43 funds

APLZ vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
APLZ No data
TSDD 10.55%
Payout (12M)
APLZ None
TSDD $0.65
Last payment
APLZ No data
TSDD $0.65
Ex-dividend
APLZ No data
TSDD Dec 29, 2025
Paid on
APLZ No data
TSDD Dec 31, 2025
Frequency
APLZ No data
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

APLZAll APLZ payments⁠

No distribution history available.

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

APLZ vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
APLZ No dataTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
APLZ No dataTSDD −0.87
Worst fallMax drawdown, 5 years
APLZ No dataTSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
APLZ −5.76TSDD −2.40

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