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RGTZ vs TSDD

Defiance Daily Target 2X Short RGTI ETF

RGTZCNasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.85pt a year

RGTZ1.83%TSDD0.98%

Avg volume · 30D

TSDD 16.2×the volume

RGTZ680KTSDD11M

RGTZ vs TSDD Performance

Oct 31, 2025 – Oct 30, 2026

−54.0%RGTZ−24.7%TSDD

Oct 31, 2025 to Oct 30, 2026. RGTZ −54.0%. TSDD −24.7%. Use the arrow keys to read each point.50%100%150%200%Oct 2025Apr 2026Oct 2026
Expense ratio
RGTZ 1.83%
TSDD 0.98%, better
Fund size
RGTZ $14M
TSDD $31M
1Y total return
RGTZ −54.0%
TSDD −24.7%, better
Yield (12M)
RGTZ No data
TSDD 10.55%
Holdings
RGTZ 3
TSDD 1
Avg volume (30D)
RGTZ 680K sh
TSDD 11M sh, better
NAV per share
RGTZ $25.61
TSDD $6.07
52W range

ETF.net Grade

RGTZ: Cost 5, Risk 43, Mission 83, Tradability 31, Holdings not scored, Durability 53. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for RGTZ, TSDD, with each pillar’s weight
PillarRGTZTSDD
Cost30% weightF5A94Higher
Mission25% weightA83A98Higher
Risk15% weightC43C49Higher
Tradability15% weightD31A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC53A72Higher

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. RGTZ 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 RGTZ 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 28CQCMDDirexion Daily QCOM Bear 1X SharesScore 40
  5. Rank 28CRGTZDefiance Daily Target 2X Short RGTI ETFScore 40
  6. Rank 28CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40

Our read on each fund

ETF.net Research

RGTZCDefiance Daily Target 2X Short RGTI ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

RGTZ The first ETF built to short Rigetti two-for-one. RGTZ aims for -200% of the quantum computing stock's move each trading day, with the clock reset at every close, and charges 1.83%.

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

RGTZ The fund seeks daily inverse results of negative two times the daily percentage change in Rigetti Computing, Inc.’s share price. It is intended for short-term tactical use and does not target results beyond one 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

  • RGTZ Aims for -200% of Rigetti's daily move, so one session's drop in the quantum name counts double, bought like any share rather than borrowing stock to short.defianceetfs.com
  • Launched in October 2025 as the first 2X short ETF on Rigetti Computing, part of Defiance's single-stock leveraged lineup.defianceetfs.com
  • One of the more actively traded funds in the single-stock bear group, which matters for a strategy measured in hours rather than quarters.
  • Has stayed close to its stated daily target, and sits in the upper half of its single-stock bear peer group on our review.
  • 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

  • RGTZ The daily reset is the whole story. Hold past the close and returns compound: the prospectus notes losses are possible even if Rigetti's stock falls over a longer stretch.sec.gov
  • At 1.83%, the fee sits above the single-stock bear category median, with no waiver trimming it.
  • A small fund with a short history, and its own documents describe it as a tool for investors who monitor positions frequently, not a buy-and-hold holding.sec.gov
  • 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 RGTZ profile⁠

Full TSDD profile⁠

RGTZ 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.

RGTZ vs TSDD Cost

Overpaying RGTZ vs TSDD

$12,392

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

  • RGTZ 1.83%

    $30,754

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • RGTZ 1.83%
  • TSDD 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530RGTZ $30,754TSDD $18,362

Year by year

YearRGTZTSDDOverpaying
10$3,117$1,729$1,388
20$11,291$6,504$4,787
30$30,754$18,362$12,392

Expense ratio

  • 1.83%RGTZ
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

RGTZ 40th cheapest of 43 funds

RGTZ vs TSDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
RGTZ No data
TSDD 10.55%
Payout (12M)
RGTZ None
TSDD $0.65
Last payment
RGTZ No data
TSDD $0.65
Ex-dividend
RGTZ No data
TSDD Dec 29, 2025
Paid on
RGTZ No data
TSDD Dec 31, 2025
Frequency
RGTZ No data
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

RGTZAll RGTZ payments⁠

No distribution history available.

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

RGTZ vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RGTZ 180.0%since Nov 2025TSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
RGTZ 0.49since Nov 2025TSDD −0.87
Worst fallMax drawdown, 5 years
RGTZ −92.9%since Oct 2025TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
RGTZ −7.29TSDD −2.40

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