Which came closer to its stated multiple, TSDD or TSLG?

Over the window to Sep 30, 2026, TSDD finished 14.3 points from what its multiple implies and TSLG finished 4.2 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 52% annualized and TSLG’s at 52%, 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.

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TSDD vs TSLG: which held to its multiple?

Over three months against its own daily promise, TSDD finished 1.5 points over and TSLG 1.8 points short. GraniteShares 2x Short TSLA Daily ETF and Leverage Shares 2X Long TSLA Daily ETF.

+18.9%

TSDD returned, 3 months

−37.4%

TSLG returned, 3 months

−14.3 pts

TSDD from its stated multiple

−4.2 pts

TSLG from its stated multiple

TSDD · 3 months to Sep 30, 202614.3 pts short of its stated multiple

TSDD returned +18.9% while −2 times TSLA's move would have been +33.1%

TSLG · 3 months to Sep 30, 20264.2 pts short of its stated multiple

TSLG returned −37.4% while 2 times TSLA's move would have been −33.1%

ETFIQ Decay Resistance Score · TSLG scores higherDid it keep up with its own daily multiple, compounded day by day?

TSDD among the 125 inverse ETFs over three months

TSDD 48.4

0.4, the lowest in this set99.6, the highest

TSLG among the 470 leveraged ETFs, long, over three months

TSLG 76.9

0.1, the lowest in this set99.9, the highest

A percentile among the 125 inverse ETFs over three months. TSLG is a percentile among the 470 leveraged ETFs, long, 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	TSDD	TSLG	TSDD	TSLG	TSDD	TSLG
1 month	+3.6%	−9.3%	+7.1%	−7.1%	−3.6 pts	−2.1 pts
3 months	+18.9%	−37.4%	+33.1%	−33.1%	−14.3 pts	−4.2 pts
6 months	−17.9%	−28.4%	+13.9%	−13.9%	−31.8 pts	−14.5 pts
1 year	−11.9%	−54.6%	+40.4%	−40.4%	−52.3 pts	−14.2 pts
3 years	−97.3%	not published	−83.6%	not published	−13.7 pts	not published
Since launch TSDD Aug 2023 · TSLG Dec 2024	−97.7%	−70.5%	−104.3%	−37.3%	+6.6 pts	−33.1 pts

TSDD and TSLG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

Underlying asset TSLA TSLA

Segment company company

Fund returned, 3 months or since launch +18.9% −37.4%

Underlying returned, over that window −16.6% −16.6%

What the stated multiple implies, over that window +33.1% −33.1%

Difference from stated, over that window −14.3 pts −4.2 pts

Fund returned, 1 year or since launch −11.9% −54.6%

Difference from stated, over that window −52.3 pts −14.2 pts

Underlying volatility 52% 52%

Difference over the days both have traded −14.3 pts −4.2 pts

Expense ratio 0.95% 0.80%

Launched Aug 22, 2023 Dec 13, 2024

Net assets $25m $40m

TSDD and TSLG on the same fields, as of Sep 30, 2026. Source: ETFIQ.

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 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.

TSLG in plain words

Three months to Sep 30, 2026: TSLG returned −37.4% where its own daily promise gave −35.6%, 1.8 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TSLG look 4.2 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. 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 30, 2026, TSDD finished 14.3 points from what its multiple implies and TSLG finished 4.2 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 52% annualized and TSLG’s at 52%, 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

TSDD vs TSL TSDD vs TSLL TSDD vs TSLQ TSDD vs TSLR TSLG vs TSLL TSLG vs TSLQ TSLG vs TSLR TSLG vs TSLS

TSDD on its own →TSLG on its own →How every figure is computed →Standards and sources →

Where these figures came from

TSDD filings on SEC EDGAR ↗TSDD prospectus with the expense ratio (SEC) ↗GraniteShares page for TSDD ↗TSLG filings on SEC EDGAR ↗TSLG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗

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.

Cite this page

ETFIQ, TSDD against TSLG, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsdd-vs-tslg

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.