AXS TSLA Bear Daily ETF (TSLQ)
The ETF aims to achieve -100% performance of TSLA on a daily basis by maintaining at least 80% exposure to financial instruments providing inverse exposure to TSLA's daily performance through swap agreements.
ETF Info
| CUSIP | 46144X867 |
|---|---|
| Issuer | AXS |
| Inception Date | Jul 13, 2022 |
| Category | Inverse Equities |
| Index Tracked | No Index (Active) |
| Home Page | www.axsinvestments.com |
| Asset Class | Equity |
Expense Ratio
The AXS TSLA Bear Daily ETF has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: TSLQ vs. VONG, TSLQ vs. TSLA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AXS TSLA Bear Daily ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AXS TSLA Bear Daily ETF had a return of 39.41% year-to-date (YTD) and -18.17% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 39.41% | 6.92% |
| 1 month | 4.11% | -2.83% |
| 6 months | 14.51% | 23.86% |
| 1 year | -18.17% | 23.33% |
| 5 years (annualized) | N/A | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 30.69% | -7.58% | 13.50% | |||||||||
| 2023 | 1.63% | 22.69% | -17.42% | -3.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
AXS TSLA Bear Daily ETF(TSLQ)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AXS TSLA Bear Daily ETF (TSLQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AXS TSLA Bear Daily ETF granted a 9.57% dividend yield in the last twelve months. The annual payout for that period amounted to $3.73 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $3.73 | $3.73 | $2.03 |
Dividend yield | 9.57% | 13.35% | 2.56% |
Monthly Dividends
The table displays the monthly dividend distributions for AXS TSLA Bear Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.73 |
| 2022 | $2.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the AXS TSLA Bear Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AXS TSLA Bear Daily ETF was 68.22%, occurring on Jul 18, 2023. The portfolio has not yet recovered.
The current AXS TSLA Bear Daily ETF drawdown is 51.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -68.22% | Dec 28, 2022 | 138 | Jul 18, 2023 | — | — | — |
| -25.96% | Jul 15, 2022 | 46 | Sep 19, 2022 | 14 | Oct 7, 2022 | 60 |
| -14.72% | Nov 22, 2022 | 7 | Dec 1, 2022 | 8 | Dec 13, 2022 | 15 |
| -11.43% | Oct 17, 2022 | 10 | Oct 28, 2022 | 6 | Nov 7, 2022 | 16 |
| -9.95% | Nov 10, 2022 | 2 | Nov 11, 2022 | 6 | Nov 21, 2022 | 8 |
Volatility
Volatility Chart
The current AXS TSLA Bear Daily ETF volatility is 19.23%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.