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TSDD vs TSLS

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.03pt a year

TSDD0.98%TSLS0.95%

Avg volume · 30D

TSDD 26.8×the volume

TSDD11MTSLS410K

3Y return · a year

TSLS +36.8pt

TSDD−75.3%TSLS−38.5%

TSDD vs TSLS Performance

Oct 31, 2025 – Oct 30, 2026

−24.7%TSDD+1.0%TSLS

Oct 31, 2025 to Oct 30, 2026. TSDD −24.7%. TSLS +1.0%. Use the arrow keys to read each point.20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
TSDD 0.98%
TSLS 0.95%, better
Fund size
TSDD $31M
TSLS $39M
1Y total return
TSDD −24.7%
TSLS +1.0%, better
Yield (12M)
TSDD 10.55%, better
TSLS 3.11%
Holdings
TSDD 1
TSLS 4
Avg volume (30D)
TSDD 11M sh, better
TSLS 410K sh
NAV per share
TSDD $6.07
TSLS $50.04
52W range

ETF.net Grade

TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for TSDD, TSLS, with each pillar’s weight
PillarTSDDTSLS
Cost30% weightA94A97Higher
Mission25% weightA98HigherA87
Risk15% weightC49A75Higher
Tradability15% weightA81HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightA72A82Higher

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 TSLS 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 TSLS 3rd 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 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  5. Rank 5AAMZDDirexion Daily AMZN Bear 1X ETFScore 80

Our read on each fund

ETF.net Research

TSDDAGraniteShares 2x Short TSLA Daily ETF

TSLSADirexion Daily TSLA Bear 1X 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.

TSLS The plain short on Tesla: TSLS aims for -1x the stock's daily move, with no leverage stacked on top. Among the small group of Tesla bear funds, it is the cheapest, and the one that dials risk down rather than up.

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.

TSLS The Fund seeks daily inverse investment results by maintaining short exposure to TSLA of approximately -100% of its net assets and generally rebalancing that exposure each trading day.

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
  • TSLS Cheapest of the Tesla short funds at 0.95%, undercutting TSDD (1.13%) and TSLZ (1.05%), and running well below the typical inverse single-stock ETF.
  • Inverse, not leveraged inverse. One unit of short Tesla exposure per dollar, which keeps daily compounding drag milder than the -2x versions of the same trade.direxion.com
  • Trading since 2022 and one of the stronger implementations in the inverse single-stock crowd, with enough daily volume to make in-and-out trading practical.

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.
  • TSLS Exposure resets every trading day. Over any stretch longer than a day, Tesla's volatility compounds and results can drift well away from -1x the stock's move.direxion.com
  • Direxion calls it a short-term trading vehicle that is not appropriate for investors who will not actively monitor it.sec.gov
  • One company, one story. An earnings print, a product event or a headline about its CEO moves the whole position.

Full TSDD profile⁠

Full TSLS profile⁠

TSDD vs TSLS 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 TSLS Cost

Overpaying TSDD vs TSLS

$493

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

  • TSDD 0.98%

    $18,362

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • TSDD 0.98%
  • TSLS 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSDD $18,362TSLS $17,869

Year by year

YearTSDDTSLSOverpaying
10$1,729$1,678$51
20$6,504$6,322$182
30$18,362$17,869$493

Expense ratio

  • 0.98%TSDD
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

TSDD 5th cheapest of 43 funds

TSDD vs TSLS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TSDD 10.55%, better
TSLS 3.11%
Payout (12M)
TSDD $0.65
TSLS $1.57
Last payment
TSDD $0.65
TSLS $0.40
Ex-dividend
TSDD Dec 29, 2025
TSLS Sep 22, 2026
Paid on
TSDD Dec 31, 2025
TSLS Sep 29, 2026
Frequency
TSDD Irregular
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

TSDDIrregular · 2 paymentsAll TSDD payments⁠
One bar per payment. 2 payments from 2022 to 2026 YTD. Dec 27, 2023 $77.34; Dec 29, 2025 $0.65. Use the arrow keys to read each point.$0$5020232026YTD
TSLSQuarterly · 18 paymentsAll TSLS payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.23; Dec 8, 2022 $16.19; Dec 20, 2022 $0.56; Mar 21, 2023 $2.55; Jun 21, 2023 $1.86; Sep 19, 2023 $1.80; Dec 21, 2023 $2.29; Mar 19, 2024 $2.40; Jun 25, 2024 $1.68; Sep 24, 2024 $1.39; Dec 23, 2024 $0.66; Mar 25, 2025 $0.76; Jun 24, 2025 $0.53; Sep 23, 2025 $0.40; Dec 23, 2025 $0.49; Mar 24, 2026 $0.34; Jun 23, 2026 $0.34; Sep 22, 2026 $0.40. Use the arrow keys to read each point.$0$5020232026YTD

TSDD vs TSLS 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%TSLS 51.7%, better
Return per unit of riskSharpe ratio, 3 years
TSDD −0.87TSLS −0.76, better
Worst fallMax drawdown, 5 years
TSDD −99.1%since Aug 2023TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
TSDD −2.40TSLS −1.41

Popular comparisons

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

    Expense ratio
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    Category
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  • TSLSAvsAAPDA

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  • TSDDAvsSKHZA

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  • TSLSAvsSKHZA

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    0.95% · 0.75%
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  • TSDDAvsAMZDA

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    Expense ratio
    0.98% · 1.02%
    Category
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  • TSLSAvsAMZDA

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

    Expense ratio
    0.95% · 1.02%
    Category
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