TSDD vs GMNY

Comparison between GRANITESHARES 2X SHORT TSLA DAILY ETF (TSDD, ETF) and GOLDMAN SACHS DYNAMIC NEW YORK MUNICIPAL INCOME ETF (GMNY, ETF).

TSDD vs GMNY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSDD(ETF)	GMNY(ETF)
Net Assets	$39M	$39M
Expense Ratio	N/A	0.30%
Max Drawdown	99.07%	5.50%
Sharpe Ratio	-0.51	0.94
5Y Beta	-4.57	0.01

Net Assets

TSDD

$39M

GMNY

$39M

Expense Ratio

TSDD

N/A

GMNY

0.30%

Max Drawdown

TSDD

99.07%

Winner

GMNY

5.50%

Sharpe Ratio

TSDD

-0.51

Winner

GMNY

0.94

5Y Beta

Winner

TSDD

-4.57

GMNY

0.01

TSDD vs GMNY - Historical Returns

Returns include dividend reinvestment.

Period	TSDD	GMNY
1 month	+5.38%	-0.44%
3 months	-11.60%	+0.35%
6 months	-0.24%	+1.16%
1 year	-56.36%	+6.23%
Max(CAGR)	-72.61%	+3.14%

Winner

TSDD

+5.38%

GMNY

-0.44%

TSDD

-11.60%

Winner

GMNY

+0.35%

TSDD

-0.24%

Winner

GMNY

+1.16%

TSDD

-56.36%

Winner

GMNY

+6.23%

Max(CAGR)

TSDD

-72.61%

Winner

GMNY

+3.14%

TSDD vs GMNY - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	TSDD	GMNY
2026	+1.35%	+1.49%
2025	-77.63%	+3.61%
2024	-89.20%	+0.82%
2023	-20.07%	N/A

TSDD vs GMNY 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 GMNY was -4.00%, occurring on Apr 11, 2025. Recovery took 135 trading sessions.

The current TSDD drawdown is -98.79%. The current GMNY drawdown is -0.79%.

Rank	TSDD	GMNY
#1	-99.03% Apr 22, 2024 - Dec 22, 2025	-4.00% Feb 25, 2025 - Sep 9, 2025
#2	-36.63% Oct 30, 2023 - Jan 25, 2024	-2.21% Feb 27, 2026 - Jun 18, 2026
#3	-27.32% Aug 24, 2023 - Oct 20, 2023	-2.12% Dec 4, 2024 - Feb 25, 2025
#4	-22.33% Feb 5, 2024 - Mar 8, 2024	-1.99% Oct 1, 2024 - Dec 2, 2024
#5	-19.76% Mar 14, 2024 - Apr 16, 2024	-0.82% Aug 5, 2024 - Sep 6, 2024
#6	-10.53% Jan 25, 2024 - Feb 5, 2024	-0.79% Jul 6, 2026 - Jul 21, 2026
#7	-3.20% Mar 8, 2024 - Mar 13, 2024	-0.45% Sep 16, 2025 - Oct 10, 2025
#8	-3.10% Oct 20, 2023 - Oct 26, 2023	-0.41% Jan 16, 2026 - Feb 2, 2026
#9	-2.58% Aug 22, 2023 - Aug 24, 2023	-0.33% Nov 11, 2025 - Nov 18, 2025
#10	-0.87% Oct 26, 2023 - Oct 30, 2023	-0.27% Oct 28, 2025 - Nov 10, 2025
#11	N/A	-0.24% Nov 18, 2025 - Dec 16, 2025
#12	N/A	-0.20% Sep 16, 2024 - Sep 27, 2024
#13	N/A	-0.14% Jun 18, 2026 - Jun 24, 2026
#14	N/A	-0.13% Oct 24, 2025 - Oct 28, 2025
#15	N/A	-0.08% Jun 29, 2026 - Jul 2, 2026

Correlation

Correlation between TSDD and GMNY is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.51

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