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TSDD vs TSLQ

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Tradr 2X Short TSLA Daily ETF

TSLQANasdaq

Overlap

0.0%by weight

Expense ratio

TSDD −0.17pt a year

TSDD0.98%TSLQ1.15%

Avg volume · 30D

TSDD 1.8×the volume

TSDD11MTSLQ6.03M

3Y return · a year

TSLQ +3.8pt

TSDD−75.3%TSLQ−71.5%

TSDD vs TSLQ Performance

Oct 31, 2025 – Oct 30, 2026

−24.7%TSDD−22.7%TSLQ

Oct 31, 2025 to Oct 30, 2026. TSDD −24.7%. TSLQ −22.7%. Use the arrow keys to read each point.0%20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
TSDD 0.98%, better
TSLQ 1.15%
Fund size
TSDD $31M
TSLQ $103M
1Y total return
TSDD −24.7%
TSLQ −22.7%, better
Yield (12M)
TSDD 10.55%
TSLQ 12.98%, better
Holdings
TSDD 1
TSLQ 3
Avg volume (30D)
TSDD 11M sh, better
TSLQ 6.03M sh
NAV per share
TSDD $6.07
TSLQ $14.78
52W range

ETF.net Grade

TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72. TSLQ: Cost 61, Risk 54, Mission 97, Tradability 90, Holdings not scored, Durability 73.
Pillar letters and Scores for TSDD, TSLQ, with each pillar’s weight
PillarTSDDTSLQ
Cost30% weightA94HigherB61
Mission25% weightA98HigherA97
Risk15% weightC49C54Higher
Tradability15% weightA81A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA72A73Higher

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. TSDD and TSLQ 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 TSLQ 10th 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 8AMSFDDirexion Daily MSFT Bear 1X ETFScore 77
  5. Rank 10ATSLQTradr 2X Short TSLA Daily ETFScore 75
  6. Rank 11ANVDDDirexion Daily NVDA Bear 1X ETFScore 73

Our read on each fund

ETF.net Research

TSDDAGraniteShares 2x Short TSLA Daily ETF

TSLQATradr 2X Short TSLA Daily ETF

In short

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.

TSLQ A 2022-vintage Tesla bear. TSLQ holds swaps built to move twice the inverse of Tesla's daily change, then resets the clock each session. Fee: 1.15% net of a waiver through July 31, 2027.

Stated mandate

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.

TSLQ The fund seeks daily investment results equal to two times the inverse performance of Tesla's common stock, before fees and expenses.

Why people hold it

  • 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
  • TSLQ One job, stated plainly: swap exposure sized to deliver two times the inverse of Tesla's move for a single day, before fees, then reset.tradretfs.com
  • 1.15% net of a waiver through July 31, 2027 (1.21% gross), below the median fee among single-stock bear funds.
  • Listed in July 2022, early for this corner of the market, and among the more actively traded names in its group.
  • Has hewed closely to its stated daily objective, one of the stronger implementations among single-stock bear funds.

Worth knowing

  • 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.
  • TSLQ Daily reset: over multiple days results depend on Tesla's path, not just its direction, and can drift well away from twice the inverse.tradretfs.com
  • Cheaper shorts exist: TSDD runs 0.95% net of a waiver through December 31, 2026, and the 1x bear TSLS charges 0.95%.
  • Everything rides on one stock: when Tesla climbs, the 2x inverse exposure magnifies the hit.

Full TSDD profile⁠

Full TSLQ profile⁠

TSDD vs TSLQ Holdings

How TSDD and TSLQ differ

Overlap by weight

0.0%

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

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%
  • Sector1 Sector100%

Sector

Sector weights in TSDD and TSLQ, widest gap first
SectorMore in TSDDMore in TSLQ
Consumer DiscretionarySame weight

Country, concentration and asset class

Country by domicile

Country weights in TSDD and TSLQ, widest gap first
CountryMore in TSDDMore in TSLQ
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • TSDD199.9%
  • TSLQ118.1%

Securities held

  • TSDD1
  • TSLQ3

Asset class

TSDD
Leveraged/Inverse
TSLQ
Equity

Holdings

  • Only in TSDD1
  • In both0
  • Only in TSLQ3

Only in TSDD

1 security, 100% of TSDD by weight

  • Tsla199.89%

Only in TSLQ

3 securities, 100% of TSLQ by weight

  • Cashusd110.77%
  • Trs Tesla Inc5.61%
  • Cfd Tesla Inc1.71%

Weight gaps

TSDD and TSLQ share no securities.

All 2 TSDD holdings⁠All 2 TSLQ 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.

TSDD vs TSLQ Cost

Overpaying TSLQ vs TSDD

$2,715

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

  • TSDD 0.98%

    $18,362

  • TSLQ 1.15%

    $21,077

$10,000
30 years

Cost over time

  • TSDD 0.98%
  • TSLQ 1.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530TSLQ $21,077TSDD $18,362

Year by year

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

Expense ratio

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

TSDD 5th cheapest of 43 funds

TSLQ 23rd cheapest of 43 funds

TSDD vs TSLQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TSDD 10.55%
TSLQ 12.98%, better
Payout (12M)
TSDD $0.65
TSLQ $1.92
Last payment
TSDD $0.65
TSLQ $1.92
Ex-dividend
TSDD Dec 29, 2025
TSLQ Dec 22, 2025
Paid on
TSDD Dec 31, 2025
TSLQ Dec 26, 2025
Frequency
TSDD Irregular
TSLQ Annual

Distribution history

Per share, 2023 to 2026, same scale for both

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
TSLQAnnual · 1 paymentAll TSLQ payments⁠
One bar per payment. 1 payment from 2023 to 2026 YTD. Dec 22, 2025 $1.92. Use the arrow keys to read each point.$0$5020232026YTD

TSDD vs TSLQ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TSDD 100.6%TSLQ 92.7%, better
Return per unit of riskSharpe ratio, 3 years
TSDD −0.87, betterTSLQ −0.88
Worst fallMax drawdown, 5 years
TSDD −99.1%since Aug 2023TSLQ −99.0%since Jul 2022
Market sensitivityBeta, 5 years
TSDD −2.40TSLQ −1.96

Popular comparisons

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    Expense ratio
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    Category
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  • TSDDAvsTSLSA

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  • TSLQAvsTSLSA

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    Category
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