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PALD vs TSDD

Direxion Daily PANW Bear 1X ETF

PALDCNasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.04pt a year

PALD1.02%TSDD0.98%

Avg volume · 30D

TSDD 92.7×the volume

PALD109KTSDD10.1M

PALD vs TSDD Performance

Nov 7, 2025 – Nov 9, 2026

−47.6%PALD−27.6%TSDD

Nov 7, 2025 to Nov 9, 2026. PALD −47.6%. TSDD −27.6%. Use the arrow keys to read each point.−60%0%20%40%Nov 2025May 2026Nov 2026
Expense ratio
PALD 1.02%
TSDD 0.98%, better
Fund size
PALD $4M
TSDD $37M
1Y total return
PALD −47.6%
TSDD −27.6%, better
Yield (12M)
PALD 4.95%
TSDD 9.91%, better
Holdings
PALD 4
TSDD 1
Avg volume (30D)
PALD 109K sh
TSDD 10.1M sh, better
NAV per share
PALD $11.37
TSDD $7.38
52W range

ETF.net Grade

PALD: Cost 78, Risk 48, Mission 93, Tradability 29, Holdings not scored, Durability 52. TSDD: Cost 94, Risk 49, Mission 98, Tradability 80, Holdings not scored, Durability 72.
Pillar letters and Scores for PALD, TSDD, with each pillar’s weight
PillarPALDTSDD
Cost30% weightA78A94Higher
Mission25% weightA93A98Higher
Risk15% weightC48C49Higher
Tradability15% weightD29A80Higher
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. PALD 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 PALD 27th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 84
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 83
  3. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  4. Rank 27CNFXSDirexion Daily NFLX Bear 1X ETFScore 40
  5. Rank 27CPALDDirexion Daily PANW Bear 1X ETFScore 40
  6. Rank 27CQCMDDirexion Daily QCOM Bear 1X SharesScore 40

Our read on each fund

ETF.net Research

PALDCDirexion Daily PANW Bear 1X ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

PALD Short Palo Alto Networks in one ticker. PALD targets -100% of PANW's move each trading day, held through swaps rather than borrowed shares, with no leverage stacked on top. A one-day tool by design.

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

PALD The fund seeks daily investment results equal to 100% of the inverse performance of Palo Alto Networks, Inc. common shares, before fees and expenses.

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

  • PALD Unleveraged inverse: a 1% up day in PANW means roughly a 1% down day for the fund before fees. No 2x or 3x amplifier on the trade.
  • Costs 1.02% net of a waiver through September 1, 2027, against a 2.33% gross ratio, and that lands below the category median fee.direxion.com
  • Exposure runs through swap agreements with major global financial institutions, rebalanced daily, so there is no stock borrow to arrange yourself.sec.gov
  • Day to day it has stayed close to its stated inverse target, which is the whole job of a one-day fund.
  • 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

  • PALD Daily reset: hold past one session and returns compound off each close, so a choppy stretch can land far from the simple inverse of PANW's move.sec.gov
  • One stock, no diversification. A PANW earnings gap arrives in full overnight, before the market reopens.sec.gov
  • Small fund with moderate volume, so spreads can widen in fast markets. The waiver ends September 1, 2027; without renewal the 2.33% gross applies.
  • 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 PALD profile⁠

Full TSDD profile⁠

PALD 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.

PALD vs TSDD Cost

Overpaying PALD vs TSDD

$650

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

  • PALD 1.02%

    $19,012

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • PALD 1.02%
  • 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$20K051015202530PALD $19,012TSDD $18,362

Year by year

YearPALDTSDDOverpaying
10$1,797$1,729$68
20$6,746$6,504$242
30$19,012$18,362$650

Expense ratio

  • 1.02%PALD
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

PALD 12th cheapest of 43 funds

PALD vs TSDD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
PALD 4.95%
TSDD 9.91%, better
Payout (12M)
PALD $0.53
TSDD $0.65
Last payment
PALD $0.10
TSDD $0.65
Ex-dividend
PALD Sep 22, 2026
TSDD Dec 29, 2025
Paid on
PALD Sep 29, 2026
TSDD Dec 31, 2025
Frequency
PALD Quarterly
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

PALDQuarterly · 5 paymentsAll PALD payments⁠
One bar per payment. 5 payments from 2023 to 2026 YTD. Jun 24, 2025 $0.20; Sep 23, 2025 $0.19; Dec 23, 2025 $0.40; Jun 23, 2026 $0.04; Sep 22, 2026 $0.10. 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

PALD vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PALD 46.1%since Apr 2025TSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
PALD −1.16since Apr 2025TSDD −0.87
Worst fallMax drawdown, 5 years
PALD −70.9%since Mar 2025TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
PALD −1.01TSDD −2.40

Popular comparisons

  • PALDCvsAAPDA

    Direxion Daily PANW Bear 1X ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    1.02% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSDDAvsAAPDA

    GraniteShares 2x Short TSLA Daily ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    0.98% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PALDCvsTSLSA

    Direxion Daily PANW Bear 1X ETF · Direxion Daily TSLA Bear 1X ETF

    Expense ratio
    1.02% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSDDAvsTSLSA

    GraniteShares 2x Short TSLA Daily ETF · Direxion Daily TSLA Bear 1X ETF

    Expense ratio
    0.98% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PALDCvsAMZDA

    Direxion Daily PANW Bear 1X ETF · Direxion Daily AMZN Bear 1X ETF

    Expense ratio
    1.02% · 1.02%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSDDAvsAMZDA

    GraniteShares 2x Short TSLA Daily ETF · Direxion Daily AMZN Bear 1X ETF

    Expense ratio
    0.98% · 1.02%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.