Data as of .
TSDD vs TSLG: which held to its multiple?
Over three months against its own daily promise, TSDD finished 1.0 points over and TSLG 2.2 points short.
ETFIQ Decay Resistance Score: TSLG scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| TSDD | TSLG | TSDD | TSLG | TSDD | TSLG | |
| 1 month | −24.5% | +20.8% | −23.2% | +23.2% | −1.4 pts | −2.4 pts |
| 3 months | −0.6% | −27.9% | +20.2% | −20.2% | −20.8 pts | −7.8 pts |
| 6 months | −19.9% | −28.4% | +13.2% | −13.2% | −33.1 pts | −15.2 pts |
| 1 year | −44.8% | −30.9% | +1.8% | −1.8% | −46.6 pts | −29.1 pts |
| 3 years | −97.2% | not published | −73.2% | not published | −24.0 pts | not published |
| Since launch | −97.8% | −68.4% | −113.4% | −32.5% | +15.6 pts | −36.0 pts |
| TSDD GraniteShares 2x Short TSLA Daily ETF Aims to return twice the opposite of the daily move of Tesla (TSLA) | TSLG Leverage Shares 2X Long TSLA Daily ETF Aims to return twice the daily move of Tesla (TSLA) | |
|---|---|---|
| Issuer | GraniteShares | Leverage Shares |
| Sets out to return | -2x | +2x |
| On | TSLA | TSLA |
| Segment | company | company |
| Fund returned, 3 months | −0.6% | −27.9% |
| Underlying returned, 3 months | −10.1% | −10.1% |
| What the stated multiple implies, 3 months | +20.2% | −20.2% |
| Difference from stated, 3 months | −20.8 pts | −7.8 pts |
| Fund returned, 1 year or since launch | −44.8% | −30.9% |
| Difference from stated, over that window | −46.6 pts | −29.1 pts |
| Underlying volatility | 56% | 56% |
| Difference over the days both have traded | −20.8 pts | −2.4 pts |
| Expense ratio | 0.95% | 0.80% |
| Launched | Aug 22, 2023 | Dec 13, 2024 |
TSDD in plain words
Three months to Sep 11, 2026: TSDD returned −0.6% where its own daily promise gave −1.7%, 1.0 points over. Read the multiple against the whole window instead and −2 times TSLA's −10.1% implies +20.2%, which makes TSDD look 20.8 points short. 21.9 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. TSDD aims to return -2 times TSLA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. TSLA moved at 56% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
TSLG in plain words
Three months to Sep 11, 2026: TSLG returned −27.9% where its own daily promise gave −25.7%, 2.2 points short. Read the multiple against the whole window instead and +2 times TSLA's −10.1% implies −20.2%, which makes TSLG look 7.8 points short. 5.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. TSLG aims to return +2 times TSLA's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, TSDD or TSLG?
- Over the window to Sep 11, 2026, TSDD finished 20.8 points from what its multiple implies and TSLG finished 7.8 points from its own, so TSLG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TSDD and TSLG levered on the same thing?
- Yes. Both are levered on Tesla, TSDD at -2 times and TSLG at +2 times the daily move.
- Which one decays faster, TSDD or TSLG?
- Decay follows how much the underlying moves about. Over this window TSDD’s moved at 56% annualized and TSLG’s at 56%, so TSDD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TSDD or TSLG for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, TSDD or TSLG?
- TSDD charges 0.95% a year and TSLG charges 0.80%, so TSLG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, TSDD against TSLG, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/TSDD-TSLG Free to use with attribution; the underlying files are at Open data.