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NVD vs TSDD

GraniteShares 2x Short NVDA Daily ETF

NVDANasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.32pt a year

NVD1.30%TSDD0.98%

Avg volume · 30D

NVD 7.6×the volume

NVD83.8MTSDD11M

3Y return · a year

TSDD +4.3pt

NVD−79.6%TSDD−75.3%

NVD vs TSDD Performance

Oct 31, 2025 – Oct 30, 2026

−30.9%NVD−24.7%TSDD

Oct 31, 2025 to Oct 30, 2026. NVD −30.9%. TSDD −24.7%. Use the arrow keys to read each point.0%20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
NVD 1.30%
TSDD 0.98%, better
Fund size
NVD $60M
TSDD $31M
1Y total return
NVD −30.9%
TSDD −24.7%, better
Yield (12M)
NVD 19.09%, better
TSDD 10.55%
Holdings
NVD 1
TSDD 1
Avg volume (30D)
NVD 83.8M sh, better
TSDD 11M sh
NAV per share
NVD $4.08
TSDD $6.07
52W range

ETF.net Grade

NVD: Cost 55, Risk 40, Mission 99, Tradability 84, Holdings not scored, Durability 76. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for NVD, TSDD, with each pillar’s weight
PillarNVDTSDD
Cost30% weightB55A94Higher
Mission25% weightA99HigherA98
Risk15% weightC40C49Higher
Tradability15% weightA84HigherA81
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherA72

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. NVD 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 NVD 14th 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 13AMETDDirexion Daily META Bear 1X ETFScore 71
  5. Rank 14ANVDGraniteShares 2x Short NVDA Daily ETFScore 70
  6. Rank 15BNVDSTradr 1.5X Short NVDA Daily ETFScore 68

Our read on each fund

ETF.net Research

NVDAGraniteShares 2x Short NVDA Daily ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

NVD The original two-for-one bear trade on NVIDIA. NVD aims for -2x NVDA's move each day, then resets at the close, and it changes hands constantly. Built for single sessions, not long holds.

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

NVD The fund seeks daily investment results, before fees and expenses, equal to -2 times the daily percentage change in NVIDIA Corp. (NASDAQ: NVDA).

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

  • NVD Out first: NVD listed in August 2023, roughly two months before the rival T-REX 2x inverse NVDA fund (NVDQ) began operations.sec.gov
  • It has stayed close to its stated -2x daily objective, and it sits in the upper half of its inverse single-stock peer group.
  • One of the most actively traded funds in its category, which generally shows up as tight spreads and easy fills intraday.
  • A plain 1940 Act ETF, so the short exposure sits in a normal brokerage account, no margin agreement or share borrow to arrange.sec.gov
  • 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

  • NVD Daily reset math: hold longer than a day and results can drift well away from -2x NVDA's move, with choppy stretches grinding hardest.sec.gov
  • 1.35% a year runs a touch above the typical inverse single-stock fund, a real drag on a position held for more than a few sessions.
  • Single-name risk, doubled and flipped. Every NVIDIA earnings gap or AI headline hits this fund at twice the size, and a rally cuts against 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 NVD profile⁠

Full TSDD profile⁠

NVD 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.

NVD vs TSDD Cost

Overpaying NVD vs TSDD

$5,007

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

  • NVD 1.30%

    $23,369

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • NVD 1.30%
  • 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$25K051015202530NVD $23,369TSDD $18,362

Year by year

YearNVDTSDDOverpaying
10$2,263$1,729$534
20$8,393$6,504$1,889
30$23,369$18,362$5,007

Expense ratio

  • 1.30%NVD
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

NVD 26th cheapest of 43 funds

NVD vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NVD 19.09%, better
TSDD 10.55%
Payout (12M)
NVD $0.85
TSDD $0.65
Last payment
NVD $0.85
TSDD $0.65
Ex-dividend
NVD Dec 29, 2025
TSDD Dec 29, 2025
Paid on
NVD Dec 31, 2025
TSDD Dec 31, 2025
Frequency
NVD Annual
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

NVDAnnual · 3 paymentsAll NVD payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 27, 2023 $75.13; Dec 27, 2024 $2.61; Dec 29, 2025 $0.85. 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

NVD vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NVD 59.9%, betterTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
NVD −2.23TSDD −0.87, better
Worst fallMax drawdown, 5 years
NVD −99.4%since Aug 2023TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
NVD −2.90TSDD −2.40

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