TSDD -2x GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF

BEAR ETF standard · Issuer GraniteShares · Tracks TSLA · Listed 2023-08-21

Quote & options All leveraged ETFs

Implied AUM

$27.5M

shares out × price

Last close

$8.15

20261001

30-day avg volume

7,582,741

options listed →

TSDD realized

—

what holders actually earned

Theoretical -2x

—

-2x × TSLA's return

Decay gap

—

realized minus theoretical

Realized vs theoretical -2x TSLA

Cumulative return of TSDD against a clean -2x of TSLA's return over the same window; the red line (right axis) is the gap between them.

Pair counterpart: TSLL (+2x bull, Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF)

Shorting both legs of a daily-reset bull/bear pair captures their combined decay over time. It isn't free money — the edge depends on borrow rates (often punitive on the bear leg) and assignment risk on hard-to-borrow shares.

Other leveraged products on TSLA

Symbol	Factor	Direction	Issuer	Name	Implied AUM	30d volume	Options
TSLL	+2x	BULL	Direxion	Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF	$3.5B	79,808,373	✓
TSLT	+2x	BULL	T-Rex	T-REX 2X Long Tesla Daily Target ETF	$142.1M	2,346,436	✓
TSLR	+2x	BULL	GraniteShares	GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF	$67.9M	1,505,340	✓
TSLG	+2x	BULL	Leverage Shares	Leverage Shares 2X Long TSLA Daily ETF	$39.4M	53,206,632	✓
TSL	+1.25x	BULL	GraniteShares	GraniteShares 1.25x Long TSLA Daily ETF	$10.7M	473,282	✓
TSLQ	-2x	BEAR	Tradr	Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF	$109.7M	5,622,025	✓
TSLZ	-2x	BEAR	T-Rex	T-Rex 2X Inverse Tesla Daily Target ETF	$28.5M	2,397,603	✓

How TSDD works

TSDD targets -2x the daily return of TSLA — not the return over longer windows. It rebalances every day, so over weeks and months its result drifts away from -2x × the index, usually downward when the market chops around.

The maths: the drag is roughly −½ × N × (N−1) × σ² per period (N = leverage, σ = the index's volatility). For a -2x fund on an index with 25% annual volatility that is several percent a year before fees — the red line above is that drag measured.

Short-term trades (a day or a few) are what these funds are built for. Premium sellers like their rich option IV — see the quote page. Multi-day directional bets work in strong trends and get eaten in chop.

Not investment advice.