# TSDD (GraniteShares 2x Short TSLA Daily ETF)

GraniteShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: TSDD returned +18.9% where its own daily promise gave +17.3%, 1.5 points over.

## Key facts

- TSDD, what TSLA did: −16.6%, as of Sep 30, 2026.
- TSDD, what −2 times a day gives: +17.3%, as of Sep 30, 2026.
- TSDD, what the fund returned: +18.9%, as of Sep 30, 2026.
- TSDD, the fund itself added: +1.5 pts, as of Sep 30, 2026.
- TSDD, net assets: $25m (issuer page, as of Sep 30, 2026).
- TSDD, expense ratio: 0.95% (485BPOS XBRL, Oct 24, 2025).

## TSDD over each window to Sep 30, 2026

| Window | Fund | TSLA | -2x the move | Difference | TSLA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.6% | −3.6% | +7.1% | −3.6 pts | 40% |
| 3 months | +18.9% | −16.6% | +33.1% | −14.3 pts | 52% |
| 6 months | −17.9% | −6.9% | +13.9% | −31.8 pts | 50% |
| 1 year | −11.9% | −20.2% | +40.4% | −52.3 pts | 46% |
| 3 years | −97.3% | +41.8% | −83.6% | −13.7 pts | 58% |
| Since launch | −97.7% | +52.1% | −104.3% | +6.6 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 | -1.14 times, against -2 stated | ETFIQ |
| Underlying | TSLA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $25m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Aug 22, 2023 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did TSDD return -2 times TSLA?

Over the window to Sep 30, 2026, TSLA moved −16.6% and TSDD returned +18.9%. −2 times that move is +33.1%, so the fund came out 14.3 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 figure itself.


## Cite this page

ETFIQ, TSDD, data as of Sep 30, 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