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AVS vs TSDD

Direxion Daily AVGO Bear 1X Shares

AVSANasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.05pt a year

AVS1.03%TSDD0.98%

Avg volume · 30D

AVS 1.1×the volume

AVS11.7MTSDD11M

AVS vs TSDD Performance

Oct 31, 2025 – Oct 30, 2026

−2.9%AVS−24.7%TSDD

Oct 31, 2025 to Oct 30, 2026. AVS −2.9%. TSDD −24.7%. Use the arrow keys to read each point.20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
AVS 1.03%
TSDD 0.98%, better
Fund size
AVS $20M
TSDD $31M
1Y total return
AVS −2.9%, better
TSDD −24.7%
Yield (12M)
AVS 3.07%
TSDD 10.55%, better
Holdings
AVS 4
TSDD 1
Avg volume (30D)
AVS 11.7M sh, better
TSDD 11M sh
NAV per share
AVS $8.32
TSDD $6.07
52W range

ETF.net Grade

AVS: Cost 69, Risk 72, Mission 100, Tradability 75, Holdings not scored, Durability 68. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for AVS, TSDD, with each pillar’s weight
PillarAVSTSDD
Cost30% weightB69A94Higher
Mission25% weightA100HigherA98
Risk15% weightA72HigherC49
Tradability15% weightA75A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB68A72Higher

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. AVS 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 AVS 7th 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 5APLTDDirexion Daily PLTR Bear 1X ETFScore 80
  5. Rank 7AAVSDirexion Daily AVGO Bear 1X SharesScore 79
  6. Rank 8AGGLSDirexion Daily GOOGL Bear 1X ETFScore 77

Our read on each fund

ETF.net Research

AVSADirexion Daily AVGO Bear 1X Shares

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

AVS A one-ticker short on Broadcom. AVS aims for -100% of AVGO's daily move, no margin account or borrowed shares involved, at 1.03% net of a waiver through September 1, 2027.

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

AVS The fund seeks daily investment results equal to 100% of the inverse performance of Broadcom Inc.'s common shares, 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

  • AVS Straight inverse, not amplified: the fund targets -100% of Broadcom's daily move, the mirror image of one day's trade with no leverage multiplier stacked on top.direxion.com
  • Betting against AVGO the old way means a margin account and borrowed shares. This is one ticker in a standard brokerage account, with exposure limited to what you put in.direxion.com
  • 1.03% net of a waiver through September 1, 2027 (1.21% gross), which lands below the median fee for leveraged and inverse single-stock funds.
  • One of the most heavily traded names in its category, and it hits its stated daily target with very little slippage, among the tighter implementations in the peer group.
  • 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

  • AVS The target resets every day. Hold longer and compounding takes over, so results over a week or a month can differ from -100% of AVGO's move over that same stretch.direxion.com
  • Everything rides on one semiconductor stock. No basket, no diversification, so an AVGO rally hits the fund directly.
  • Cheaper 1x inverse options exist, including TSLS at 0.95% and SKHZ at 0.75%, and AVS prices toward 1.21% gross if the waiver lapses after September 1, 2027.
  • 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 AVS profile⁠

Full TSDD profile⁠

AVS 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.

AVS vs TSDD Cost

Overpaying AVS vs TSDD

$811

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

  • AVS 1.03%

    $19,173

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • AVS 1.03%
  • TSDD 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AVS $19,173TSDD $18,362

Year by year

YearAVSTSDDOverpaying
10$1,814$1,729$85
20$6,807$6,504$303
30$19,173$18,362$811

Expense ratio

  • 1.03%AVS
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

AVS 18th cheapest of 43 funds

AVS vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AVS 3.07%
TSDD 10.55%, better
Payout (12M)
AVS $0.27
TSDD $0.65
Last payment
AVS $0.04
TSDD $0.65
Ex-dividend
AVS Sep 22, 2026
TSDD Dec 29, 2025
Paid on
AVS Sep 29, 2026
TSDD Dec 31, 2025
Frequency
AVS Quarterly
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

AVSQuarterly · 9 paymentsAll AVS payments⁠
One bar per payment. 9 payments from 2023 to 2026 YTD. Dec 12, 2024 $0.44; Dec 23, 2024 $0.07; Mar 25, 2025 $0.17; Jun 24, 2025 $0.05; Sep 23, 2025 $0.05; Dec 23, 2025 $0.13; Mar 24, 2026 $0.06; Jun 23, 2026 $0.04; Sep 22, 2026 $0.04. 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

AVS vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVS 45.2%since Nov 2024TSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
AVS −1.00since Nov 2024TSDD −0.87
Worst fallMax drawdown, 5 years
AVS −75.7%since Oct 2024TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
AVS −1.48TSDD −2.40

AVS and TSDD in the news

All news⁠

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