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NVDQ vs TSDD

T-REX 2X Inverse NVIDIA Daily Target ETF

NVDQBCboe

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

0.0%by weight

Expense ratio

TSDD −0.07pt a year

NVDQ1.05%TSDD0.98%

Avg volume · 30D

TSDD 2.0×the volume

NVDQ5.51MTSDD11M

3Y return · a year

TSDD +7.1pt

NVDQ−82.4%TSDD−75.3%

NVDQ vs TSDD Performance

Oct 31, 2025 – Oct 30, 2026

−34.8%NVDQ−24.7%TSDD

Oct 31, 2025 to Oct 30, 2026. NVDQ −34.8%. TSDD −24.7%. Use the arrow keys to read each point.0%20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
NVDQ 1.05%
TSDD 0.98%, better
Fund size
NVDQ $17M
TSDD $31M
1Y total return
NVDQ −34.8%
TSDD −24.7%, better
Yield (12M)
NVDQ 0.44%
TSDD 10.55%, better
Holdings
NVDQ 2
TSDD 1
Avg volume (30D)
NVDQ 5.51M sh
TSDD 11M sh, better
NAV per share
NVDQ $9.14
TSDD $6.07
52W range

ETF.net Grade

NVDQ: Cost 65, Risk 33, Mission 92, Tradability 50, Holdings not scored, Durability 58. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for NVDQ, TSDD, with each pillar’s weight
PillarNVDQTSDD
Cost30% weightB65A94Higher
Mission25% weightA92A98Higher
Risk15% weightD33C49Higher
Tradability15% weightC50A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB58A72Higher

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. NVDQ 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 NVDQ 19th 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 18BPLTZDaily Target 2X Short PLTR ETFScore 65
  5. Rank 19BNVDQT-REX 2X Inverse NVIDIA Daily Target ETFScore 64
  6. Rank 20BMUDDirexion Daily MU Bear 1X ETFScore 60

Our read on each fund

ETF.net Research

NVDQBT-REX 2X Inverse NVIDIA Daily Target ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

NVDQ One ticker, one bet: NVDQ aims to deliver 200% of the inverse of Nvidia's daily move, so a 1% slip in NVDA targets a 2% gain that day. T-REX built it as a day-trader's tool, and the math resets every session.

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

NVDQ The Fund seeks daily investment results, before fees and expenses, equal to 200% of the inverse of NVDA's daily performance. It is designed as a short-term trading vehicle and does not target results beyond 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

  • NVDQ Bearish on Nvidia without a margin account or borrowed shares: the fund targets 200% of the inverse of NVDA's one-day move inside a plain brokerage trade.rexshares.com
  • At 1.05% a year it sits at the cheaper end of the leveraged single-stock aisle, matching stablemate MSTZ and undercutting the typical inverse peer.
  • Day-to-day delivery has stayed close to the stated -2x target, one of the stronger implementations among inverse single-stock funds.
  • Running since 2023 and among the more actively traded names in this narrow corner of the market, which matters when the holding period 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

  • NVDQ The leverage resets daily. Hold longer than a session and results can drift well away from -2x, and choppy back-and-forth in NVDA erodes value.
  • It cuts both ways: a 1% up day in NVDA targets roughly a 2% loss for the fund that day.
  • 1.05% is many times a broad index fund's fee, and the fund's own documents describe it as a short-term trading vehicle, not a long-hold position.rexshares.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 NVDQ profile⁠

Full TSDD profile⁠

NVDQ vs TSDD Holdings

How NVDQ and TSDD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of NVDQ and 0.0% of TSDD.

Level by level

  • Asset classEquity, Leveraged/Inverse0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for NVDQ.

Country, concentration and asset class

Country by domicile

No country split for NVDQ.

Concentration

Weight in the 10 largest Holdings

  • NVDQ118.9%
  • TSDD199.9%

Securities held

  • NVDQ1
  • TSDD1

Asset class

NVDQ
Equity
TSDD
Leveraged/Inverse

Holdings

  • Only in NVDQ1
  • In both0
  • Only in TSDD1

Only in NVDQ

1 security, 27.2% of NVDQ by weight

  • Payb Nvdq Trs Nvda Eq27.21%

Only in TSDD

1 security, 100% of TSDD by weight

  • Tsla199.89%

Weight gaps

NVDQ and TSDD share no securities.

All 5 NVDQ 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.

NVDQ vs TSDD Cost

Overpaying NVDQ vs TSDD

$1,133

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

  • NVDQ 1.05%

    $19,495

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • NVDQ 1.05%
  • 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$20K051015202530NVDQ $19,495TSDD $18,362

Year by year

YearNVDQTSDDOverpaying
10$1,847$1,729$118
20$6,927$6,504$423
30$19,495$18,362$1,133

Expense ratio

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

TSDD 5th cheapest of 43 funds

NVDQ 20th cheapest of 43 funds

NVDQ vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NVDQ 0.44%
TSDD 10.55%, better
Payout (12M)
NVDQ $0.04
TSDD $0.65
Last payment
NVDQ $0.04
TSDD $0.65
Ex-dividend
NVDQ Dec 24, 2025
TSDD Dec 29, 2025
Paid on
NVDQ Dec 26, 2025
TSDD Dec 31, 2025
Frequency
NVDQ Annual
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

NVDQAnnual · 2 paymentsAll NVDQ payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 24, 2024 $3.05; Dec 24, 2025 $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

NVDQ vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NVDQ 60.6%, betterTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
NVDQ −2.40TSDD −0.87, better
Worst fallMax drawdown, 5 years
NVDQ −99.6%since Oct 2023TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
NVDQ −2.94TSDD −2.40

Popular comparisons

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