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NBIZ vs TSDD

Tradr 2X Short NBIS Daily ETF

NBIZDCboe

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.51pt a year

NBIZ1.49%TSDD0.98%

Avg volume · 30D

TSDD 5.2×the volume

NBIZ2.13MTSDD11M

NBIZ vs TSDD Performance

Jul 31, 2026 – Oct 30, 2026

−50.2%NBIZ−46.0%TSDD

Jul 31, 2026 to Oct 30, 2026. NBIZ −50.2%. TSDD −46.0%. Use the arrow keys to read each point.−80%−20%0%Jul 2026Sep 2026Oct 2026
Expense ratio
NBIZ 1.49%
TSDD 0.98%, better
Fund size
NBIZ $30M
TSDD $31M
1Y total return
NBIZ No data
TSDD −24.7%
Yield (12M)
NBIZ No data
TSDD 10.55%
Holdings
NBIZ 3
TSDD 1
Avg volume (30D)
NBIZ 2.13M sh
TSDD 11M sh, better
NAV per share
NBIZ $37.95
TSDD $6.07
52W range

ETF.net Grade

NBIZ: Cost 25, Risk 21, Mission not scored, Tradability 50, Holdings not scored, Durability 52. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for NBIZ, TSDD, with each pillar’s weight
PillarNBIZTSDD
Cost30% weightD25A94Higher
Mission25% weightNot scoredA98
Risk15% weightF21C49Higher
Tradability15% weightC50A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52A72Higher

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. NBIZ 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 NBIZ 39th 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 38DCORDT-Rex 2x Inverse CRWV Daily Target ETFScore 36
  5. Rank 39DNBIZTradr 2X Short NBIS Daily ETFScore 32
  6. Rank 39DRAMZT-Rex 2X Inverse DRAM Daily Target ETFScore 32

Our read on each fund

ETF.net Research

NBIZDTradr 2X Short NBIS Daily ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

NBIZ A one-ticker short on Nebius. NBIZ aims to deliver two times the inverse of NBIS's move over a single trading day, then resets. A trader's instrument in an ETF wrapper, not a position you set and forget.

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

NBIZ The Fund seeks daily investment results equal to two times the inverse of NBIS’s performance, before fees and expenses. The objective applies only to a single trading day.

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

  • NBIZ Puts you on the short side of Nebius Group without a margin account or borrowing shares, and the most you can lose is what you put in.
  • A registered 1940 Act fund, so it trades intraday like a stock in an ordinary brokerage account with standard ETF disclosure.
  • Built for short holding periods, and it changes hands regularly through the session, which is what counts when the trade is measured in hours.
  • 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

  • NBIZ The 2x inverse target applies to one trading day. Hold longer and compounding takes over, so multi-day results can land far from twice the inverse of NBIS's move.
  • The 1.49% expense ratio runs above several 2x inverse single-stock peers, including MSTZ (1.05%) and TSDD (1.13%).
  • Everything rides on one AI-infrastructure stock, and the fund launched in 2026, so there is little history behind it.
  • 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 NBIZ profile⁠

Full TSDD profile⁠

NBIZ 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.

NBIZ vs TSDD Cost

Overpaying NBIZ vs TSDD

$7,779

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

  • NBIZ 1.49%

    $26,141

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • NBIZ 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$30K051015202530NBIZ $26,141TSDD $18,362

Year by year

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

Expense ratio

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

TSDD 5th cheapest of 43 funds

NBIZ 31st cheapest of 43 funds

NBIZ vs TSDD Dividends

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

Distribution history

Per share, 2023 to 2026, same scale for both

NBIZAll NBIZ 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

NBIZ vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBIZ No dataTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
NBIZ No dataTSDD −0.87
Worst fallMax drawdown, 5 years
NBIZ No dataTSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
NBIZ −1.73TSDD −2.40

Popular comparisons

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    Expense ratio
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