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QCMD vs TSDD

Direxion Daily QCOM Bear 1X Shares

QCMDCNasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

0.0%by weight

Expense ratio

TSDD −0.02pt a year

QCMD1.00%TSDD0.98%

Avg volume · 30D

TSDD 527.1×the volume

QCMD20.9KTSDD11M

QCMD vs TSDD Performance

Oct 31, 2025 – Oct 30, 2026

−14.5%QCMD−24.7%TSDD

Oct 31, 2025 to Oct 30, 2026. QCMD −14.5%. TSDD −24.7%. Use the arrow keys to read each point.−40%0%20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
QCMD 1.00%
TSDD 0.98%, better
Fund size
QCMD $2M
TSDD $31M
1Y total return
QCMD −14.5%, better
TSDD −24.7%
Yield (12M)
QCMD 3.20%
TSDD 10.55%, better
Holdings
QCMD 4
TSDD 1
Avg volume (30D)
QCMD 20.9K sh
TSDD 11M sh, better
NAV per share
QCMD $15.58
TSDD $6.07
52W range

ETF.net Grade

QCMD: Cost 89, Risk 65, Mission 82, Tradability 32, Holdings not scored, Durability 41. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for QCMD, TSDD, with each pillar’s weight
PillarQCMDTSDD
Cost30% weightA89A94Higher
Mission25% weightA82A98Higher
Risk15% weightB65HigherC49
Tradability15% weightD32A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC41A72Higher

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. QCMD 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 QCMD 28th 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 28CPALDDirexion Daily PANW Bear 1X ETFScore 40
  5. Rank 28CQCMDDirexion Daily QCOM Bear 1X SharesScore 40
  6. Rank 28CRGTZDefiance Daily Target 2X Short RGTI ETFScore 40

Our read on each fund

ETF.net Research

QCMDCDirexion Daily QCOM Bear 1X Shares

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

QCMD A one-for-one short on Qualcomm in an ETF wrapper: no margin account, no borrow, just -100% of QCOM's move, reset daily. Priced at 1.00% net of a waiver through September 1, 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

QCMD The fund seeks daily inverse investment results, before fees and expenses, corresponding to the performance of QUALCOMM Incorporated 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

  • QCMD Fee runs 1.00% net of a waiver through September 1, 2027, under the category median and a whisker from the cheapest bear funds around (AAPD 0.96%, TSLS 0.95%).
  • Inverse, not leveraged: the daily target is -100% of QCOM, not -200% or -300%, so a bad day lands one-for-one instead of magnified.direxion.com
  • Short exposure to one chipmaker that trades like any share: no short sale to arrange, no borrow to locate, no margin account required.direxion.com
  • 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

  • QCMD Daily reset means multi-day results compound. Hold past one session and your return can drift from -100% of QCOM's move over that stretch, especially in choppy tape.direxion.com
  • The 1.00% is a waived price. Gross runs 2.76%, so the cost can step up if the waiver is not renewed after September 1, 2027.
  • A small fund that trades lightly next to the headline single-stock bear names, which can mean wider spreads getting in and out.
  • 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 QCMD profile⁠

Full TSDD profile⁠

QCMD vs TSDD Holdings

How QCMD and TSDD differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classLeveraged/Inverse100%
  • Countryby domicile100%

Sector

No Sector split for QCMD.

Country, concentration and asset class

Country by domicile

Country weights in QCMD and TSDD, widest gap first
CountryMore in QCMDMore in TSDD
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • QCMD1985.2%
  • TSDD199.9%

Securities held

  • QCMD0
  • TSDD1

Asset class

QCMD
Leveraged/Inverse
TSDD
Leveraged/Inverse

Holdings

  • Only in QCMD0
  • In both0
  • Only in TSDD1

Only in QCMD

0 securities, 0.0% of QCMD by weight

Only in TSDD

1 security, 100% of TSDD by weight

  • Tsla199.89%

Weight gaps

QCMD and TSDD share no securities.

All 3 QCMD 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.

QCMD vs TSDD Cost

Overpaying QCMD vs TSDD

$326

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

  • QCMD 1.00%

    $18,688

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • QCMD 1.00%
  • 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$20K051015202530QCMD $18,688TSDD $18,362

Year by year

YearQCMDTSDDOverpaying
10$1,763$1,729$34
20$6,625$6,504$121
30$18,688$18,362$326

Expense ratio

  • 1.00%QCMD
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

QCMD 8th cheapest of 43 funds

QCMD vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QCMD 3.20%
TSDD 10.55%, better
Payout (12M)
QCMD $0.55
TSDD $0.65
Last payment
QCMD $0.11
TSDD $0.65
Ex-dividend
QCMD Sep 22, 2026
TSDD Dec 29, 2025
Paid on
QCMD Sep 29, 2026
TSDD Dec 31, 2025
Frequency
QCMD Quarterly
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

QCMDQuarterly · 5 paymentsAll QCMD payments⁠
One bar per payment. 5 payments from 2023 to 2026 YTD. Sep 23, 2025 $0.20; Dec 23, 2025 $0.19; Mar 24, 2026 $0.13; Jun 23, 2026 $0.13; Sep 22, 2026 $0.11. 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

QCMD vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QCMD 59.4%since Jul 2025TSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
QCMD −0.15since Jul 2025TSDD −0.87
Worst fallMax drawdown, 5 years
QCMD −56.0%since Jun 2025TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
QCMD −3.60TSDD −2.40

QCMD and TSDD in the news

All news⁠

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