TESC vs TSDD: which held to its multiple?
Over three months against its own daily promise, TESC finished 2.0 points short and TSDD 1.5 points over. Corgi TSLA 2x Daily ETF and GraniteShares 2x Short TSLA Daily ETF.
TESC returned −37.5% while 2 times TSLA's move would have been −33.1%
TSDD returned +18.9% while −2 times TSLA's move would have been +33.1%
TESC among the 470 leveraged ETFs, long, over three months
TSDD among the 125 inverse ETFs over three months
A percentile among the 470 leveraged ETFs, long, over three months. TSDD is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | TESC | TSDD | TESC | TSDD | TESC | TSDD |
| 1 month | −9.3% | +3.6% | −7.1% | +7.1% | −2.2 pts | −3.6 pts |
| 3 months | −37.5% | +18.9% | −33.1% | +33.1% | −4.4 pts | −14.3 pts |
| 6 months | not published | −17.9% | not published | +13.9% | not published | −31.8 pts |
| 1 year | not published | −11.9% | not published | +40.4% | not published | −52.3 pts |
| 3 years | not published | −97.3% | not published | −83.6% | not published | −13.7 pts |
| Since launch TESC Jun 2026 · TSDD Aug 2023 | −36.2% | −97.7% | −31.3% | −104.3% | −4.9 pts | +6.6 pts |
TESC and TSDD over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
TESC and TSDD on the same fields, as of Sep 30, 2026. Source: ETFIQ.
TESC in plain words
Three months to Sep 30, 2026: TESC returned −37.5% where its own daily promise gave −35.6%, 2.0 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TESC look 4.4 points short. 2.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. TESC 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 52% 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.
TSDD in plain words
Three months to Sep 30, 2026: TSDD returned +18.9% where its own daily promise gave +17.3%, 1.5 points over. Read the multiple against the whole window instead and −2 times TSLA's −16.6% implies +33.1%, which makes TSDD look 14.3 points short. 15.8 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 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, TESC or TSDD?
- Over the window to Sep 30, 2026, TESC finished 4.4 points from what its multiple implies and TSDD finished 14.3 points from its own, so TESC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TESC and TSDD levered on the same thing?
- Yes. Both are levered on Tesla, TESC at +2 times and TSDD at -2 times the daily move.
- Which one decays faster, TESC or TSDD?
- Decay follows how much the underlying moves about. Over this window TESC’s moved at 52% annualized and TSDD’s at 52%, so TESC has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TESC or TSDD 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.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, TESC against TSDD, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tesc-vs-tsdd
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, TESC against TSDD, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tesc-vs-tsdd Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, TESC against TSDD, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tesc-vs-tsdd
- APA
- ETFIQ. (Sep 30, 2026). TESC against TSDD. Retrieved from https://etfiq.com/compare/leverage/tesc-vs-tsdd
- Markdown
- [TESC against TSDD (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/tesc-vs-tsdd)