# TSDD (GraniteShares 2x Short TSLA Daily ETF)

GraniteShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TSDD returned −0.6% where its own daily promise gave −1.7%, 1.0 points over.

## Key facts

- TSDD, what TSLA did: −10.1%, as of Sep 11, 2026.
- TSDD, what −2 times a day gives: −1.7%, as of Sep 11, 2026.
- TSDD, what the fund returned: −0.6%, as of Sep 11, 2026.
- TSDD, the fund itself added: +1.0 pts, as of Sep 11, 2026.
- TSDD, net assets: $39m (source, as filed for Jun 30, 2026).
- TSDD, expense ratio: 0.95% (485BPOS XBRL, Oct 24, 2025).

## TSDD over each window to Sep 11, 2026

| Window | Fund | TSLA | -2x the move | Difference | TSLA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −24.5% | +11.6% | −23.2% | −1.4 pts | 50% |
| 3 months | −0.6% | −10.1% | +20.2% | −20.8 pts | 56% |
| 6 months | −19.9% | −6.6% | +13.2% | −33.1 pts | 51% |
| 1 year | −44.8% | −0.9% | +1.8% | −46.6 pts | 47% |
| 3 years | −97.2% | +36.6% | −73.2% | −24.0 pts | 58% |
| Since launch | −97.8% | +56.7% | −113.4% | +15.6 pts | 58% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of TSLA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.06 times, against -2 stated | ETFIQ |
| Underlying | TSLA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $39m | source, as filed for Jun 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Aug 22, 2023 | ETFIQ |
| Underlying volatility over the window | 56% annualized | ETFIQ |

## Questions

### Did TSDD return -2 times TSLA?

Over the window to Sep 11, 2026, TSLA moved −10.1% and TSDD returned −0.6%. 2 times that move is +20.2%, so the fund came out 20.8 points short of it.

### Why does TSDD not return -2 times over a year?

Because it resets daily. TSDD aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which -2x TSLA ETF tracked its stated multiple most closely?

3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, TSDD, data as of Sep 11, 2026. https://etfiq.com/funds/TSDD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/TSDD  ·  JSON: https://etfiq.com/funds/TSDD.json