CRCD vs. TSLQ

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and AXS TSLA Bear Daily ETF (TSLQ).

CRCD and TSLQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCD is an actively managed fund by T-Rex. It was launched on Sep 25, 2025. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022.

Performance

CRCD vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and AXS TSLA Bear Daily ETF (TSLQ). The values are adjusted to include any dividend payments, if applicable.

CRCD vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
TSLQ AXS TSLA Bear Daily ETF	35.41%	-17.30%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than TSLQ's 35.41% return.

CRCD

• 1D: -13.13%
• 1M: -45.34%
• YTD: -80.36%
• 6M: -69.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLQ

• 1D: -9.13%
• 1M: 13.74%
• YTD: 35.41%
• 6M: 14.08%
• 1Y: -79.94%
• 3Y*: -64.97%
• 5Y*: —
• 10Y*: —

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

CRCD vs. TSLQ - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than TSLQ's 1.15% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

TSLQ

AXS TSLA Bear Daily ETF

Return for Risk

CRCD vs. TSLQ — Risk / Return Rank

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

TSLQ

TSLQ Risk / Return Rank: 2
TSLQ Sharpe Ratio Rank: 2
TSLQ Sortino Ratio Rank: 1
TSLQ Omega Ratio Rank: 1
TSLQ Calmar Ratio Rank: 1
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.

CRCD vs. TSLQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and AXS TSLA Bear 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CRCD	TSLQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.62	+0.17

Correlation

The correlation between CRCD and TSLQ is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRCD vs. TSLQ - Dividend Comparison

CRCD has not paid dividends to shareholders, while TSLQ's dividend yield for the trailing twelve months is around 7.80%.

	TTM	2025	2024	2023	2022
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TSLQ AXS TSLA Bear Daily ETF	7.80%	10.56%	4.95%	13.35%	2.56%

Drawdowns

CRCD vs. TSLQ - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, roughly equal to the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for CRCD and TSLQ.

Drawdown Indicators

	CRCD	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-98.73%	+4.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-90.23%	—
Current Drawdown Current decline from peak	-90.68%	-97.98%	+7.30%
Average Drawdown Average peak-to-trough decline	-40.91%	-65.72%	+24.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	77.62%	—

Volatility

Volatility by Period

	CRCD	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	59.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.98%	110.66%	+93.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	94.61%	+109.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	94.61%	+109.37%