APLX vs. TSLQ
APLX (Tradr 2X Long APLD Daily ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both exchange-traded funds - APLX is a Leveraged Equities fund actively managed by Tradr, while TSLQ is a Inverse Equities fund actively managed by Tradr. Both are actively managed. At a correlation of -0.39, they often move in opposite directions. APLX charges 1.30%/yr vs 1.17%/yr for TSLQ.
Performance
APLX vs. TSLQ - Performance Comparison
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Returns By Period
In the year-to-date period, APLX achieves a -41.66% return, which is significantly lower than TSLQ's 1.43% return.
APLX
- 1D
- -17.45%
- 1M
- -69.28%
- 6M
- -69.88%
- YTD
- -41.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLQ
- 1D
- 1.66%
- 1M
- -0.59%
- 6M
- -2.69%
- YTD
- 1.43%
- 1Y
- -59.82%
- 3Y*
- -63.88%
- 5Y*
- —
- 10Y*
- —
APLX vs. TSLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APLX Tradr 2X Long APLD Daily ETF | -41.66% | 83.15% |
TSLQ Tradr 2X Short TSLA Daily ETF | 1.43% | -51.32% |
Correlation
The correlation between APLX and TSLQ is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025 | -0.39 |
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Return for Risk
APLX vs. TSLQ — Risk / Return Rank
APLX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLQ
APLX vs. TSLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APLD Daily ETF (APLX) and Tradr 2X Short TSLA Daily ETF (TSLQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APLX | TSLQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.87 | — |
| Martin ratioReturn relative to average drawdown | — | -1.09 | — |
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Drawdowns
APLX vs. TSLQ - Drawdown Comparison
The maximum APLX drawdown since its inception was -84.39%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for APLX and TSLQ.
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Drawdown Indicators
| APLX | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.39% | -98.73% | +14.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.32% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.85% | — |
Current DrawdownCurrent decline from peak | -81.49% | -98.49% | +17.00% |
Average DrawdownAverage peak-to-trough decline | -47.04% | -68.10% | +21.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 54.82% | — |
Volatility
APLX vs. TSLQ - Volatility Comparison
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Volatility by Period
| APLX | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 62.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 211.41% | 89.43% | +121.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 211.41% | 94.77% | +116.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 211.41% | 94.77% | +116.64% |
APLX vs. TSLQ - Expense Ratio Comparison
APLX has a 1.30% expense ratio, which is higher than TSLQ's 1.17% expense ratio.
Dividends
APLX vs. TSLQ - Dividend Comparison
APLX has not paid dividends to shareholders, while TSLQ's dividend yield for the trailing twelve months is around 10.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APLX Tradr 2X Long APLD Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLQ Tradr 2X Short TSLA Daily ETF | 10.41% | 10.56% | 4.95% | 13.35% | 2.56% |
Frequently Asked Questions
APLX and TSLQ have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLQ is cheaper at 1.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLQ is cheaper with a 1.17% expense ratio, compared with 1.30% for APLX.
TSLQ has the higher dividend yield at 10.41%, compared with 0.00% for APLX.
APLX is categorized as Leveraged Equities, while TSLQ is Inverse Equities. Their fees differ too: 1.30% for APLX and 1.17% for TSLQ.
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