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MUZ vs TSDD

Defiance Daily Target 2X Short MU ETF

MUZCNYSE Arca

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.33pt a year

MUZ1.31%TSDD0.98%

Avg volume · 30D

MUZ 1.01×the volume

MUZ11.2MTSDD11M

MUZ vs TSDD Performance

Jul 31, 2026 – Nov 2, 2026

−27.2%MUZ−47.1%TSDD

Jul 31, 2026 to Nov 2, 2026. MUZ −27.2%. TSDD −47.1%. Use the arrow keys to read each point.−40%−20%−10%0%Jul 2026Sep 2026Nov 2026
Expense ratio
MUZ 1.31%
TSDD 0.98%, better
Fund size
MUZ $9M
TSDD $30M
1Y total return
MUZ No data
TSDD −26.1%
Yield (12M)
MUZ No data
TSDD 10.76%
Holdings
MUZ 2
TSDD 1
Avg volume (30D)
MUZ 11.2M sh, better
TSDD 11M sh
NAV per share
MUZ $8.92
TSDD $6.18
52W range

ETF.net Grade

MUZ: Cost 49, Risk 38, Mission not scored, Tradability 66, Holdings not scored, Durability 42. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for MUZ, TSDD, with each pillar’s weight
PillarMUZTSDD
Cost30% weightC49A94Higher
Mission25% weightNot scoredA98
Risk15% weightD38C49Higher
Tradability15% weightB66A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC42A72Higher

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. MUZ 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 MUZ 23rd 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 23CCONIGraniteShares 2x Short COIN Daily ETFScore 50
  5. Rank 23CMUZDefiance Daily Target 2X Short MU ETFScore 50
  6. Rank 25CIONZDefiance Daily Target 2x Short IONQ ETFScore 41

Our read on each fund

ETF.net Research

MUZCDefiance Daily Target 2X Short MU ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

MUZ The first ETF to put -2X daily on Micron, doubling the depth of the -1X bear option that came before it. A trader's tool for memory-chip swings: no margin account, no borrowed shares, just a ticker.

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

MUZ The Fund seeks daily inverse investment results equal to negative two times the daily percentage change in Micron Technology, Inc.'s common stock.

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

  • MUZ Deepest inverse exposure on Micron in a fund wrapper: it aims for -200% of the stock's daily move, where the bear funds that preceded its 2026 launch targeted -100%.defianceetfs.comdirexion.com
  • Shorts Micron without a margin account or locating borrow. The fund builds the position with swap agreements and listed options inside a standard 1940-Act ETF.defianceetfs.comdefianceetfs.com 2
  • At 1.31%, the expense ratio sits right at the median for leveraged and inverse single-stock funds, so the extra torque doesn't come at a premium price.
  • Heavily traded for a young single-stock fund, which is what you want in a vehicle designed to be held for days, not quarters.
  • 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

  • MUZ The -2X target resets daily. Over longer holds, results track the path Micron takes, not simply where the stock ends up.defianceetfs.com
  • Bear-1X peers like AAPD and TSLS charge under 1%. Two times the inverse costs more than one.
  • One stock, one direction, non-diversified by design, and a modest asset base for the category. Micron earnings nights land at double speed.defianceetfs.com
  • 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 MUZ profile⁠

Full TSDD profile⁠

MUZ 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.

MUZ vs TSDD Cost

Overpaying MUZ vs TSDD

$5,157

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

  • MUZ 1.31%

    $23,519

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • MUZ 1.31%
  • 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$20K$25K051015202530MUZ $23,519TSDD $18,362

Year by year

YearMUZTSDDOverpaying
10$2,280$1,729$551
20$8,450$6,504$1,946
30$23,519$18,362$5,157

Expense ratio

  • 1.31%MUZ
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

MUZ 27th cheapest of 43 funds

MUZ vs TSDD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
MUZ No data
TSDD 10.76%
Payout (12M)
MUZ None
TSDD $0.65
Last payment
MUZ No data
TSDD $0.65
Ex-dividend
MUZ No data
TSDD Dec 29, 2025
Paid on
MUZ No data
TSDD Dec 31, 2025
Frequency
MUZ No data
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

MUZAll MUZ 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

MUZ vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MUZ No dataTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
MUZ No dataTSDD −0.87
Worst fallMax drawdown, 5 years
MUZ No dataTSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
MUZ 0.00TSDD −2.40

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