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NVDS vs TSDD

Tradr 1.5X Short NVDA Daily ETF

NVDSBNasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.17pt a year

NVDS1.15%TSDD0.98%

Avg volume · 30D

TSDD 40.2×the volume

NVDS274KTSDD11M

3Y return · a year

NVDS +12.1pt

NVDS−62.2%TSDD−74.3%

NVDS vs TSDD Performance

Oct 31, 2025 – Nov 2, 2026

−16.8%NVDS−26.1%TSDD

Oct 31, 2025 to Nov 2, 2026. NVDS −16.8%. TSDD −26.1%. Use the arrow keys to read each point.0%20%40%Oct 2025May 2026Nov 2026
Expense ratio
NVDS 1.15%
TSDD 0.98%, better
Fund size
NVDS $14M
TSDD $30M
1Y total return
NVDS −16.8%, better
TSDD −26.1%
Yield (12M)
NVDS 18.89%, better
TSDD 10.76%
Holdings
NVDS 2
TSDD 1
Avg volume (30D)
NVDS 274K sh
TSDD 11M sh, better
NAV per share
NVDS $21.04
TSDD $6.18
52W range

ETF.net Grade

NVDS: Cost 61, Risk 52, Mission 99, Tradability 53, Holdings not scored, Durability 55. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for NVDS, TSDD, with each pillar’s weight
PillarNVDSTSDD
Cost30% weightB61A94Higher
Mission25% weightA99HigherA98
Risk15% weightC52HigherC49
Tradability15% weightC53A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB55A72Higher

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. NVDS 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 NVDS 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 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  4. Rank 14BMSTZT-REX 2X Inverse MSTR Daily Target ETFScore 68
  5. Rank 14BNVDSTradr 1.5X Short NVDA Daily ETFScore 68
  6. Rank 14BTSLZT-REX 2X Inverse Tesla Daily Target ETFScore 68

Our read on each fund

ETF.net Research

NVDSBTradr 1.5X Short NVDA Daily ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

NVDS The original inverse NVIDIA ETF, trading since 2022, and the one that dials short exposure to 1.5x instead of 1x. Built for a single session at a time, at 1.15% net of a waiver through July 31, 2027.

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

NVDS The fund seeks daily investment results equal to one and a half times the inverse performance of NVIDIA common shares. It is designed to pursue this objective for 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

  • NVDS The first-mover: listed July 2022, over a year before Direxion's bear NVDA fund (NVDD) arrived in September 2023. Longest live history in inverse-NVDA land.direxion.com
  • 1.5x short, not 1x. Each dollar carries one and a half dollars of inverse NVDA exposure, versus the 1x of NVDD, so less capital is tied up for the same short notional.direxion.com
  • 1.15% net of a waiver through July 31, 2027, below the median fee in the leveraged-bear single-stock group.
  • Day-to-day delivery of the stated -1.5x objective has been tight, and the fund sits in the upper half of its bear single-stock peer group.
  • 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

  • NVDS The objective resets every day. Hold past one session and NVDA's path, not just its direction, drives the outcome; compounding can pull results away from -1.5x.
  • Leverage cuts both ways: an up day in NVDA lands one and a half times as hard. One stock, one chip cycle, no diversification to soften it.
  • A small fund that trades moderately rather than heavily, so spreads deserve a look. Gross fee is 1.56% if the waiver lapses after July 31, 2027.
  • 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 NVDS profile⁠

Full TSDD profile⁠

NVDS 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.

NVDS vs TSDD Cost

Overpaying NVDS vs TSDD

$2,715

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

  • NVDS 1.15%

    $21,077

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • NVDS 1.15%
  • 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$25K051015202530NVDS $21,077TSDD $18,362

Year by year

YearNVDSTSDDOverpaying
10$2,015$1,729$286
20$7,521$6,504$1,017
30$21,077$18,362$2,715

Expense ratio

  • 1.15%NVDS
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

NVDS 23rd cheapest of 43 funds

NVDS vs TSDD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
NVDS 18.89%, better
TSDD 10.76%
Payout (12M)
NVDS $3.97
TSDD $0.65
Last payment
NVDS $3.97
TSDD $0.65
Ex-dividend
NVDS Dec 23, 2025
TSDD Dec 29, 2025
Paid on
NVDS Dec 26, 2025
TSDD Dec 31, 2025
Frequency
NVDS Annual
TSDD Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

NVDSAnnual · 4 paymentsAll NVDS payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 27, 2022 $169.43; Dec 26, 2023 $64.08; Dec 23, 2024 $10.76; Dec 23, 2025 $3.97. Use the arrow keys to read each point.$0$10020232026YTD
TSDDIrregular · 2 paymentsAll TSDD payments⁠
One bar per payment. 2 payments from 2022 to 2026 YTD. Dec 27, 2023 $77.34; Dec 29, 2025 $0.65. Use the arrow keys to read each point.$0$10020232026YTD

NVDS vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NVDS 44.2%, betterTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
NVDS −2.05TSDD −0.87, better
Worst fallMax drawdown, 5 years
NVDS −99.5%since Jul 2022TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
NVDS −2.23TSDD −2.40

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