TSDD vs FMNY
Comparison between GRANITESHARES 2X SHORT TSLA DAILY ETF (TSDD, ETF) and FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF).
TSDD vs FMNY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TSDD
$39M
FMNY
$39M
Expense Ratio
TSDD
N/A
FMNY
0.49%
Max Drawdown
TSDD
99.07%
Winner
FMNY
18.26%
Sharpe Ratio
TSDD
-0.51
Winner
FMNY
1.08
5Y Beta
Winner
TSDD
-4.57
FMNY
0.03
5Y Dividends CAGR
TSDD
N/A
FMNY
78.03%
TSDD vs FMNY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TSDD
+5.38%
FMNY
-0.38%
3M
TSDD
-11.60%
Winner
FMNY
+0.24%
6M
TSDD
-0.24%
Winner
FMNY
+1.26%
1Y
TSDD
-56.36%
Winner
FMNY
+7.38%
5Y(CAGR)
TSDD
N/A
FMNY
+0.34%
Max(CAGR)
TSDD
-72.61%
Winner
FMNY
+0.69%
TSDD vs FMNY - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | TSDD | FMNY |
|---|---|---|
| 2026 | +1.35% | +1.69% |
| 2025 | -77.63% | +3.79% |
| 2024 | -89.20% | +1.79% |
| 2023 | -20.07% | +6.08% |
| 2022 | N/A | -10.52% |
| 2021 | N/A | +1.60% |
TSDD vs FMNY Drawdown Comparison
The maximum drawdown for TSDD was -99.03%, occurring on Dec 22, 2025. This drawdown has not yet recovered.
The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.
The current TSDD drawdown is -98.79%. The current FMNY drawdown is -0.95%.
| Rank | TSDD | FMNY |
|---|---|---|
| #1 | -99.03% Apr 22, 2024 - Dec 22, 2025 | -15.90% Jul 19, 2021 - Nov 18, 2025 |
| #2 | -36.63% Oct 30, 2023 - Jan 25, 2024 | -2.83% Feb 27, 2026 - Jun 30, 2026 |
| #3 | -27.32% Aug 24, 2023 - Oct 20, 2023 | -0.95% Jun 30, 2026 - Jul 21, 2026 |
| #4 | -22.33% Feb 5, 2024 - Mar 8, 2024 | -0.66% Jun 15, 2021 - Jul 8, 2021 |
| #5 | -19.76% Mar 14, 2024 - Apr 16, 2024 | -0.57% Nov 18, 2025 - Jan 5, 2026 |
| #6 | -10.53% Jan 25, 2024 - Feb 5, 2024 | -0.55% Jan 14, 2026 - Feb 3, 2026 |
| #7 | -3.20% Mar 8, 2024 - Mar 13, 2024 | -0.17% Feb 10, 2026 - Feb 17, 2026 |
| #8 | -3.10% Oct 20, 2023 - Oct 26, 2023 | -0.15% May 14, 2021 - May 20, 2021 |
| #9 | -2.58% Aug 22, 2023 - Aug 24, 2023 | -0.15% Jan 7, 2026 - Jan 14, 2026 |
| #10 | -0.87% Oct 26, 2023 - Oct 30, 2023 | -0.13% Jul 12, 2021 - Jul 19, 2021 |
| #11 | N/A | -0.12% May 20, 2021 - May 24, 2021 |
| #12 | N/A | -0.10% May 24, 2021 - May 27, 2021 |
| #13 | N/A | -0.04% Feb 18, 2026 - Feb 23, 2026 |
| #14 | N/A | -0.04% Jan 5, 2026 - Jan 7, 2026 |
| #15 | N/A | -0.04% Feb 4, 2026 - Feb 6, 2026 |
Correlation
Correlation between TSDD and FMNY is -0.72 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.72
-101
Dividend Comparison (2021 - 2026)
TSDD vs FMNY dividend yield comparison.
| Year | TSDD | FMNY |
|---|---|---|
| 2026 | 0.00% | 2.21% |
| 2025 | 8.42% | 3.64% |
| 2024 | 0.00% | 3.56% |
| 2023 | 24.84% | 3.25% |
| 2022 | 0.00% | 2.34% |
| 2021 | 0.00% | 0.72% |
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