CEGX vs. TSLQ

Last updated Jul 17, 2026

CEGX (Tradr 2X Long CEG Daily ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both exchange-traded funds - CEGX is a Leveraged Equities fund actively managed by Tradr, while TSLQ is a Inverse Equities fund actively managed by Tradr. Both are actively managed. Over the past year, CEGX returned -50.84% vs -59.82% for TSLQ. At a correlation of -0.28, they often move in opposite directions. CEGX charges 1.30%/yr vs 1.17%/yr for TSLQ.

Performance

CEGX vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CEG Daily ETF (CEGX) and Tradr 2X Short TSLA Daily ETF (TSLQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEGX achieves a -57.70% return, which is significantly lower than TSLQ's 1.43% return.

CEGX

• 1D: -4.90%
• 1M: -13.33%
• 6M: -53.77%
• YTD: -57.70%
• 1Y: -50.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLQ

• 1D: 1.66%
• 1M: -0.59%
• 6M: -2.69%
• YTD: 1.43%
• 1Y: -59.82%
• 3Y*: -63.88%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEGX vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025
CEGX Tradr 2X Long CEG Daily ETF	-57.70%	13.33%
TSLQ Tradr 2X Short TSLA Daily ETF	1.43%	-63.42%

Correlation

The correlation between CEGX and TSLQ is -0.28, 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 (1Y) Calculated over the trailing 1-year period	-0.28
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.28

Return for Risk

CEGX vs. TSLQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEGX

CEGX Risk / Return Rank: 5
CEGX Sharpe Ratio Rank: 5
CEGX Sortino Ratio Rank: 6
CEGX Omega Ratio Rank: 6
CEGX Calmar Ratio Rank: 4
CEGX Martin Ratio Rank: 4

TSLQ

TSLQ Risk / Return Rank: 4
TSLQ Sharpe Ratio Rank: 4
TSLQ Sortino Ratio Rank: 4
TSLQ Omega Ratio Rank: 4
TSLQ Calmar Ratio Rank: 2
TSLQ Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEGX vs. TSLQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CEG Daily ETF (CEGX) 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.

	CEGX	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	-0.67	+0.13
Sortino ratio: Return per unit of downside risk	-0.40	-0.79	+0.39
Omega ratio: Gain probability vs. loss probability	0.95	0.91	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.70	-0.87	+0.17
Martin ratio: Return relative to average drawdown	-1.17	-1.09	-0.08

CEGX vs. TSLQ - Sharpe Ratio Comparison

The current CEGX Sharpe Ratio is -0.55, which is comparable to the TSLQ Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of CEGX and TSLQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CEGX vs. TSLQ - Drawdown Comparison

The maximum CEGX drawdown since its inception was -72.88%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for CEGX and TSLQ.

Drawdown Indicators

	CEGX	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-72.88%	-98.73%	+25.85%
Max Drawdown (1Y) Largest decline over 1 year	-72.88%	-69.32%	-3.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-97.85%	—
Current Drawdown Current decline from peak	-69.59%	-98.49%	+28.90%
Average Drawdown Average peak-to-trough decline	-37.04%	-68.10%	+31.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.33%	54.82%	-11.49%

Volatility

CEGX vs. TSLQ - Volatility Comparison

The current volatility for Tradr 2X Long CEG Daily ETF (CEGX) is 20.97%, while Tradr 2X Short TSLA Daily ETF (TSLQ) has a volatility of 34.22%. This indicates that CEGX experiences smaller price fluctuations and is considered to be less risky than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEGX	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.97%	34.22%	-13.25%
Volatility (6M) Calculated over the trailing 6-month period	71.18%	62.84%	+8.34%
Volatility (1Y) Calculated over the trailing 1-year period	93.60%	89.43%	+4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.42%	94.77%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.42%	94.77%	-1.35%

CEGX vs. TSLQ - Expense Ratio Comparison

CEGX has a 1.30% expense ratio, which is higher than TSLQ's 1.17% expense ratio.

Dividends

CEGX vs. TSLQ - Dividend Comparison

CEGX 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
CEGX Tradr 2X Long CEG 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

Can I hold both CEGX and TSLQ in my portfolio?

CEGX and TSLQ have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEGX or TSLQ?

TSLQ has higher volatility (34.22%) compared to CEGX (20.97%). In terms of maximum drawdown, CEGX dropped -72.88% vs TSLQ's -98.73%.

Which ETF is better, CEGX or TSLQ?

On 1-year performance, CEGX leads with -50.84% vs -59.82% for TSLQ. On fees, TSLQ is cheaper at 1.17% per year. On volatility, CEGX has been the lower-risk option at 20.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CEGX or TSLQ?

Over the 1-year period, CEGX has performed better with a -50.84% return vs -59.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CEGX or TSLQ?

TSLQ is cheaper with a 1.17% expense ratio, compared with 1.30% for CEGX.

Which ETF pays a higher dividend yield, CEGX or TSLQ?

TSLQ has the higher dividend yield at 10.41%, compared with 0.00% for CEGX.

What is the main difference between CEGX and TSLQ?

CEGX is categorized as Leveraged Equities, while TSLQ is Inverse Equities. Their fees differ too: 1.30% for CEGX and 1.17% for TSLQ.

Which has better risk-adjusted returns?

CEGX currently has the higher Sharpe Ratio (-0.55 vs -0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.