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RKLZ vs TSDD

Defiance Daily Target 2X Short RKLB ETF

RKLZCNasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.31pt a year

RKLZ1.29%TSDD0.98%

Avg volume · 30D

TSDD 3.9×the volume

RKLZ2.82MTSDD11M

RKLZ vs TSDD Performance

Dec 31, 2025 – Oct 30, 2026

−89.5%RKLZ−20.2%TSDD

Dec 31, 2025 to Oct 30, 2026. RKLZ −89.5%. TSDD −20.2%. Use the arrow keys to read each point.−50%0%25%50%Dec 2025Jun 2026Oct 2026
Expense ratio
RKLZ 1.29%
TSDD 0.98%, better
Fund size
RKLZ $3M
TSDD $31M
1Y total return
RKLZ No data
TSDD −24.7%
Yield (12M)
RKLZ No data
TSDD 10.55%
Holdings
RKLZ 1
TSDD 1
Avg volume (30D)
RKLZ 2.82M sh
TSDD 11M sh, better
NAV per share
RKLZ $21.63
TSDD $6.07
52W range

ETF.net Grade

RKLZ: Cost 55, Risk 12, Mission 99, Tradability 45, Holdings not scored, Durability 37. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for RKLZ, TSDD, with each pillar’s weight
PillarRKLZTSDD
Cost30% weightB55A94Higher
Mission25% weightA99HigherA98
Risk15% weightF12C49Higher
Tradability15% weightC45A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD37A72Higher

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. RKLZ 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 RKLZ 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 28CRGTZDefiance Daily Target 2X Short RGTI ETFScore 40
  5. Rank 28CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40
  6. Rank 28CTSMZDirexion Daily TSM Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

RKLZCDefiance Daily Target 2X Short RKLB ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

RKLZ Nearly every inverse single-stock ETF points at a mega-cap. Defiance aimed this one at a rocket builder: RKLZ seeks -2x Rocket Lab's daily move, reset each day. A one-session tool on one of the market's twitchiest space names.

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

RKLZ The fund seeks amplified inverse daily exposure to the common stock of Rocket Lab Corporation.

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

  • RKLZ A rare short target. Inverse single-stock funds cluster around mega-caps (AAPD, TSLS, MSFD); this one takes the other side of Rocket Lab, no margin account or borrowed shares required.
  • Simple, single job: -2x of RKLB's daily move, exposure reset each morning. The fund has hewed closely to that stated daily target.defianceetfs.com
  • Actively traded for a young fund, which matters when the intended holding period is a single session.
  • 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

  • RKLZ The daily reset compounds. Hold past a day and results can diverge sharply from -2x the stock's move over that stretch, and choppy trading erodes value.
  • 1.29% a year is standard for leveraged single-stock funds, but above inverse peers such as TSLS (0.95%) and AAPD (0.96%).
  • Launched November 2025 with a small asset base and no distributions, so there is little track record and less scale than long-running peers.
  • 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 RKLZ profile⁠

Full TSDD profile⁠

RKLZ 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.

RKLZ vs TSDD Cost

Overpaying RKLZ vs TSDD

$4,857

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

  • RKLZ 1.29%

    $23,219

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • RKLZ 1.29%
  • 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$25K051015202530RKLZ $23,219TSDD $18,362

Year by year

YearRKLZTSDDOverpaying
10$2,247$1,729$518
20$8,335$6,504$1,831
30$23,219$18,362$4,857

Expense ratio

  • 1.29%RKLZ
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

RKLZ 25th cheapest of 43 funds

RKLZ vs TSDD Dividends

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

Distribution history

Per share, 2023 to 2026, same scale for both

RKLZAll RKLZ 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

RKLZ vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RKLZ No dataTSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
RKLZ No dataTSDD −0.87
Worst fallMax drawdown, 5 years
RKLZ No dataTSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
RKLZ −5.24TSDD −2.40

Popular comparisons

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    Expense ratio
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    Expense ratio
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    Category
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