TSDD vs TSLI: which held to its multiple?
Over three months against its own daily promise, TSDD finished 1.0 points over and TSLI 2.5 points short. GraniteShares 2x Short TSLA Daily ETF and ProShares Ultra TSLA.
Both cost 0.95% a year; their one-year returns differ by 19.3 points; TSDD is 7.4 times larger.
| TSDD | TSLI | |
|---|---|---|
| Expense ratio | 0.95% | 0.95% |
| Net assets, TSDD as of Oct 8, 2026 and TSLI as of Oct 9, 2026 | $26m | $3m |
| Total return, 1 year | −26.1% | −45.4% |
| What it tracks | TSLA | TSLA |
| Holdings in common | not published | |
| What its daily multiple gave, 3 months | −4.5% | −17.6% |
TSDD returned −3.5% while −2 times TSLA's move would have been +12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
TSDD returned −3.5% while −2 times TSLA's move would have been +12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
TSLI returned −20.1% while 2 times TSLA's move would have been −12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
TSLI returned −20.1% while 2 times TSLA's move would have been −12.3%. Figures from Jul 10, 2026 to Oct 9, 2026.
TSDD among the 128 inverse ETFs over three months
TSLI among the 517 leveraged ETFs, long, over three months
A percentile among the 128 inverse ETFs over three months. TSLI is a percentile among the 517 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | TSDD | TSLI | TSDD | TSLI | TSDD | TSLI |
| 1 month | −9.3% | +6.1% | −8.1% | +8.1% | −1.2 pts | −2.0 pts |
| 3 months | −3.5% | −20.1% | +12.3% | −12.3% | −15.8 pts | −7.8 pts |
| 6 months | −40.9% | −0.8% | −19.3% | +19.3% | −21.6 pts | −20.2 pts |
| 1 year | −26.1% | −45.4% | +24.3% | −24.3% | −50.4 pts | −21.1 pts |
| 3 years | −97.5% | not published | −90.3% | not published | −7.2 pts | not published |
| Since launch TSDD Aug 2023 · TSLI Sep 2025 | −98.1% | −17.7% | not meaningful | +20.1% | not meaningful | −37.8 pts |
Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
TSDD in plain words
Three months to Oct 9, 2026: TSDD returned −3.5% where its own daily promise gave −4.5%, 1.0 points over. Read the multiple against the whole window instead and −2 times TSLA's −6.2% implies +12.3%, which makes TSDD look 15.8 points short. That 15.8 is two pieces: daily compounding, −16.8 points, which happens to any −2 times fund over the same path, and the fund itself, +1.0 points against its own daily promise. 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 48% 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.
TSLI in plain words
Three months to Oct 9, 2026: TSLI returned −20.1% where its own daily promise gave −17.6%, 2.5 points short. Read the multiple against the whole window instead and 2 times TSLA's −6.2% implies −12.3%, which makes TSLI look 7.8 points short. That 7.8 is two pieces: daily compounding, −5.3 points, which happens to any 2 times fund over the same path, and the fund itself, −2.5 points against its own daily promise. TSLI 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 TSLI?
- Over the window to Oct 9, 2026, TSDD finished 15.8 points from what its multiple implies and TSLI finished 7.8 points from its own, so TSLI came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TSDD and TSLI levered on the same thing?
- Yes. Both are levered on Tesla, TSDD at -2 times and TSLI at +2 times the daily move.
- Which one decays faster, TSDD or TSLI?
- Decay follows how much the underlying moves about. Over this window TSDD’s moved at 48% annualized and TSLI’s at 48%, so TSDD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TSDD or TSLI 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; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
It is a position in a set, not a rating, and neither end of it is a recommendation.
Every figure is an ETFIQ calculation with distributions reinvested.
ETFIQ, TSDD against TSLI, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/tsdd-vs-tsli
ETFIQ. (Oct 9, 2026). TSDD against TSLI. Retrieved from https://etfiq.com/compare/leverage/tsdd-vs-tsli
[TSDD against TSLI (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/leverage/tsdd-vs-tsli)
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