Skip to Content
ETFs

GraniteShares ETF Trust GraniteShares 1.5x Short TSLA Daily ETF

TSDD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 21 2023
Expense Ratio
1.50%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$314,735
AUM
$1,302,483
Associated Index
None
Inverse/Leveraged
Inverse (-1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CO.BROKE
BROKER SWEEP
87.64%
n/a
US Dollars
0.94%
Invest with TSDD

What is TSDD?

The Granite Shares 1.5x Short TSLA Daily ETF is an exchange traded fund incorporated in the USA. The ETF seeks daily investment results, before fees and expenses, of 150% of the inverse (or opposite) of the daily performance of TSLA. Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, energy generation and storage systems in the United States, China, and internationally. The company operates in two segments: automotive, energy generation and storage.

ETFs related toTSDD

ETFs correlated to TSDD include TSLS, TSLQ, SARK

TSDD
GraniteShares ETF Trust - GraniteShares 1.5x Short TSLA Daily ETF
TSLS
Direxion Shares ETF Trust - Direxion Daily TSLA Bear 1X Shares
TSLQ
Investment Managers Series Trust II - AXS TSLA Bear Daily ETF
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
VIXM
ProShares Trust - ProShares VIX Mid-Term Futures ETF
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTSDD

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TSDD using Composer

FAQ

TSDD is a US Equities ETF. The Granite Shares 1.5x Short TSLA Daily ETF is an exchange traded fund incorporated in the USA. The ETF seeks daily investment results, before fees and expenses, of 150% of the inverse (or opposite) of the daily performance of TSLA. Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, energy generation and storage systems in the United States, China, and internationally. The company operates in two segments: automotive, energy generation and storage.

Yes, TSDD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TSDD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TSDD is -0.148%. This is the percent change in the value of TSDD over the most recent 1-month period. The 3-month return on TSDD is %. This is the percent change in the value of TSDD over the most recent 3-month period.

ETFs similar to TSDD include SSO, TNA, and SPXL.

ETFs correlated to TSDD include TSLS, TSLQ, and SARK.

ETFs that are inversely correlated to TSDD include TSL, TSLL, and TSLR.

Yes, TSDD is a Inverse (-1.5x) ETF.

Yes, TSDD is a Inverse (-1.5x) leveraged ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.