NVDD vs TSDD: Grades, Fees and Holdings Compared

Direxion Daily NVDA Bear 1X ETF

NVDDANasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

0.0%by weight

Expense ratio

TSDD −0.03pt a year

NVDD1.01%TSDD0.98%

Avg volume · 30D

TSDD 52.2×the volume

NVDD194KTSDD10.1M

3Y return · a year

NVDD +28.5pt

NVDD−45.6%TSDD−74.1%

NVDD vs TSDD Performance

Nov 7, 2025 – Nov 9, 2026

−2.0%NVDD−27.6%TSDD

Expense ratio: NVDD 1.01%; TSDD 0.98%, better
Fund size: NVDD $21M; TSDD $37M
1Y total return: NVDD −2.0%, better; TSDD −27.6%
Yield (12M): NVDD 3.75%; TSDD 9.91%, better
Holdings: NVDD 4; TSDD 1
Avg volume (30D): NVDD 194K sh; TSDD 10.1M sh, better
NAV per share: NVDD $34.81; TSDD $7.38
52W range

ETF.net Grade

Pillar letters and Scores for NVDD, TSDD, with each pillar’s weight
Pillar	NVDD	TSDD
Cost30% weight	A78	A94Higher
Mission25% weight	A90	A98Higher
Risk15% weight	B58Higher	C49
Tradability15% weight	D38	A80Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	A74Higher	A72

Rank among Single-Stock Inverse funds

How we build Categories ›

Same Category. NVDD 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 NVDD 10th of 43 funds in the Single-Stock Inverse Category.

Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 84
Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 83
Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
Rank 9AGGLSDirexion Daily GOOGL Bear 1X ETFScore 75
Rank 10ANVDDDirexion Daily NVDA Bear 1X ETFScore 71
Rank 10AORCSDirexion Daily ORCL Bear 1X ETFScore 71

Our read on each fund

ETF.net Research

NVDDADirexion Daily NVDA Bear 1X ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

NVDD A straight one-for-one short on NVIDIA that resets every trading day: no 2x amplifier, no margin account, no hunting for borrowable shares. It also undercuts the other inverse-NVDA ETF on fees.

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

NVDD The fund seeks daily investment results, before fees and expenses, equal to 100% of the inverse performance of NVIDIA Corporation common shares.

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

NVDD 1.01% a year, cheaper than the typical inverse single-stock fund and a full step below NVDS, the other ETF aimed at inverse NVDA.
The mandate is -1x, not -2x. Daily compounding still shapes results, but single-strength inverse drifts less than the double-short bears beside it, like MSTZ and TSDD.
Hits its stated daily target about as tightly as anything in the inverse single-stock group, with a live track record since its 2023 launch.
It trades like any other ETF ticker rather than a short sale, so there is no margin-call machinery and no exposure beyond what you put in.

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

NVDD The -1x applies to one day at a time. Hold through a choppy stretch and the result can diverge meaningfully from the inverse of NVDA's move over that stretch.
One stock, one story. Earnings night, a supply headline, a rival's chip: NVIDIA news drives the entire position, with nothing else to cushion it.
A small fund with moderate trading activity, so spreads and execution costs can stack on top of the 1.01% fee.

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 NVDD profile⁠

Full TSDD profile⁠

NVDD vs TSDD Holdings

How NVDD and TSDD differ

Overlap by weight

0.0%

About this figure: NVDD gets much of its exposure from swaps and futures, which aren’t counted.

TSDD gets much of its exposure from swaps and futures, which aren’t counted.

Level by level

Holdings0 in both0.0%
Asset classLeveraged/Inverse100%

Sector

No Sector split for NVDD.

Country, concentration and asset class

Country by domicile

No country split for NVDD.

Concentration

Weight in the 10 largest Holdings

NVDD3884.1%
TSDD200.2%

Securities held

NVDD2
TSDD1

Asset class

NVDD: Leveraged/Inverse
TSDD: Leveraged/Inverse

Holdings

Only in NVDD2
In both0
Only in TSDD1

Only in NVDD

2 securities, 100% of NVDD by weight

Goldman Sachs Fin Gov 465 Institut467.61%
Goldman Finl Sq Trsry Inst 506462.95%

Only in TSDD

1 security, 100% of TSDD by weight

Tsla200.23%

Weight gaps

NVDD and TSDD share no securities.

All 10 NVDD holdings⁠All 2 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.

NVDD vs TSDD Cost

Overpaying NVDD vs TSDD

$488

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

NVDD 1.01%
$18,850
TSDD 0.98%
$18,362

Amount$10,000

Years30 years

Cost over time

NVDD 1.01%
TSDD 0.98%
Overpaying

Year by year

Year	NVDD	TSDD	Overpaying
10	$1,780	$1,729	$51
20	$6,686	$6,504	$182
30	$18,850	$18,362	$488

Expense ratio

1.01%NVDD
0.98%TSDD, cheaper

TSDD0.98%NVDD1.01%

0.75%2.31%

Middle half of Single-Stock Inverse funds
Median 1.05%

TSDD 5th cheapest of 43 funds

NVDD 10th cheapest of 43 funds

NVDD vs TSDD Dividends

Last 12 months to Nov 9, 2026

Yield (12M): NVDD 3.75%; TSDD 9.91%, better
Payout (12M): NVDD $1.36; TSDD $0.65
Last payment: NVDD $0.49; TSDD $0.65
Ex-dividend: NVDD Sep 22, 2026; TSDD Dec 29, 2025
Paid on: NVDD Sep 29, 2026; TSDD Dec 31, 2025
Frequency: NVDD Quarterly; TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

NVDDQuarterly · 13 paymentsAll NVDD payments⁠

TSDDIrregular · 2 paymentsAll TSDD payments⁠

NVDD vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: NVDD 32.7%, betterTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years: NVDD −2.03TSDD −0.87, better
Worst fallMax drawdown, 5 years: NVDD −89.6%since Sep 2023TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years: NVDD −1.72TSDD −2.40; Market = 1

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