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

Over the window to Sep 30, 2026, TSDD finished 14.3 points from what its multiple implies and TSLQ finished 13.5 points from its own, so TSLQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TSDD and TSLQ levered on the same thing?

Yes. Both are levered on Tesla, TSDD at -2 times and TSLQ at -2 times the daily move.

Which one decays faster, TSDD or TSLQ?

Decay follows how much the underlying moves about. Over this window TSDD’s moved at 52% annualized and TSLQ’s at 52%, so TSDD has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold TSDD or TSLQ 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 TSLQ?

TSDD charges 0.95% a year and TSLQ charges 1.15%, so TSDD is cheaper. Fees come from each fund's prospectus.

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TSDD vs TSLQ: which held to its multiple?

Over the days both have traded, TSDD finished 14.3 points from its stated multiple and TSLQ 13.5. GraniteShares 2x Short TSLA Daily ETF and Tradr 2X Short TSLA Daily ETF.

+18.9%

TSDD returned, 3 months

+19.7%

TSLQ returned, 3 months

−14.3 pts

TSDD from its stated multiple

−13.5 pts

TSLQ 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%

TSLQ · 3 months to Sep 30, 202613.5 pts short of its stated multiple

TSLQ returned +19.7% while −2 times TSLA's move would have been +33.1%

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

TSDD 48.4

TSLQ 70.8

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

A percentile among the 125 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

	Total return		Multiple would give		Difference
Window	TSDD	TSLQ	TSDD	TSLQ	TSDD	TSLQ
1 month	+3.6%	+4.0%	+7.1%	+7.1%	−3.6 pts	−3.2 pts
3 months	+18.9%	+19.7%	+33.1%	+33.1%	−14.3 pts	−13.5 pts
6 months	−17.9%	−16.8%	+13.9%	+13.9%	−31.8 pts	−30.7 pts
1 year	−11.9%	−9.7%	+40.4%	+40.4%	−52.3 pts	−50.1 pts
3 years	−97.3%	−95.5%	−83.6%	−83.6%	−13.7 pts	−11.9 pts
Since launch TSDD Aug 2023 · TSLQ Jul 2022	−97.7%	−97.0%	−104.3%	−97.8%	+6.6 pts	+0.8 pts

TSDD and TSLQ 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)

TSLQ

Tradr 2X Short TSLA Daily ETF · Aims to return twice the opposite of the daily move of Tesla (TSLA)

Issuer GraniteShares Tradr

Sets out to return -2x -2x

Underlying asset TSLA TSLA

Segment company company

Fund returned, 3 months or since launch +18.9% +19.7%

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 −13.5 pts

Fund returned, 1 year or since launch −11.9% −9.7%

Difference from stated, over that window −52.3 pts −50.1 pts

Underlying volatility 52% 52%

Difference over the days both have traded −14.3 pts −13.5 pts

Expense ratio 0.95% 1.15%

Launched Aug 22, 2023 Jul 14, 2022

Net assets $25m $90m

TSDD and TSLQ 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.

TSLQ in plain words

Three months to Sep 30, 2026: TSLQ returned +19.7% where its own daily promise gave +17.3%, 2.4 points over. Read the multiple against the whole window instead and −2 times TSLA's −16.6% implies +33.1%, which makes TSLQ look 13.5 points short. TSLQ aims to return -2 times TSLA's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, TSDD or TSLQ?: Over the window to Sep 30, 2026, TSDD finished 14.3 points from what its multiple implies and TSLQ finished 13.5 points from its own, so TSLQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TSDD and TSLQ levered on the same thing?: Yes. Both are levered on Tesla, TSDD at -2 times and TSLQ at -2 times the daily move.
Which one decays faster, TSDD or TSLQ?: Decay follows how much the underlying moves about. Over this window TSDD’s moved at 52% annualized and TSLQ’s at 52%, so TSDD has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TSDD or TSLQ 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 TSLQ?: TSDD charges 0.95% a year and TSLQ charges 1.15%, so TSDD is cheaper. Fees come from each fund's prospectus.

Other comparisons

TSDD vs TSLL TSDD vs TSLG TSDD vs TSLR TSDD vs TSLS TSLQ vs TSLR TSLQ vs TSLS TSLQ vs TSLT TSLQ vs TSLZ

TSDD on its own →TSLQ 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 ↗TSLQ filings on SEC EDGAR ↗TSLQ prospectus with the expense ratio (SEC) ↗Tradr 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 TSLQ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsdd-vs-tslq

Open data

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