CWVX vs. TSLQ

Last updated Aug 1, 2026

CWVX (Tradr 2X Long CRWV Daily ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both exchange-traded funds - CWVX 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, CWVX returned -83.03% vs -46.08% for TSLQ. Their -0.29 correlation means they have often moved in opposite directions in the past. CWVX charges 1.30%/yr vs 1.17%/yr for TSLQ.

Performance

CWVX vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CRWV Daily ETF (CWVX) 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, CWVX achieves a -45.27% return, which is significantly lower than TSLQ's 49.23% return.

CWVX

• 1D: -5.82%
• 1M: -30.81%
• 6M: -65.40%
• YTD: -45.27%
• 1Y: -83.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -88.55%

TSLQ

• 1D: -1.53%
• 1M: 45.07%
• 6M: 40.85%
• YTD: 49.23%
• 1Y: -46.08%
• 3Y*: -60.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -54.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CWVX Tradr 2X Long CRWV Daily ETF	$16.79M	$16.48M	$36.04M
TSLQ Tradr 2X Short TSLA Daily ETF	$162.68M	$148.83M	$161.26M

CWVX vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	-45.27%	-81.40%
TSLQ Tradr 2X Short TSLA Daily ETF	49.23%	-63.42%

Correlation

The correlation between CWVX and TSLQ is -0.33, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.33
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.29

Return for Risk

CWVX vs. TSLQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CWVX

CWVX Risk / Return Rank: 6
CWVX Sharpe Ratio Rank: 6
CWVX Sortino Ratio Rank: 9
CWVX Omega Ratio Rank: 9
CWVX Calmar Ratio Rank: 1
CWVX Martin Ratio Rank: 3

TSLQ

TSLQ Risk / Return Rank: 6
TSLQ Sharpe Ratio Rank: 5
TSLQ Sortino Ratio Rank: 7
TSLQ Omega Ratio Rank: 7
TSLQ Calmar Ratio Rank: 4
TSLQ Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CWVX vs. TSLQ - Risk-Adjusted Trends Comparison

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

	CWVX	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	-0.48	+0.03
Sortino ratio: Return per unit of downside risk	-0.06	-0.24	+0.18
Omega ratio: Gain probability vs. loss probability	0.99	0.97	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.92	-0.64	-0.28
Martin ratio: Return relative to average drawdown	-1.19	-0.79	-0.40

CWVX vs. TSLQ - Sharpe Ratio Comparison

The current CWVX Sharpe Ratio is -0.45, which is comparable to the TSLQ Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of CWVX 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

CWVX vs. TSLQ - Drawdown Comparison

The maximum CWVX drawdown since its inception was -93.85%, roughly equal to the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for CWVX and TSLQ.

Drawdown Indicators

	CWVX	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-93.85%	-98.73%	+4.88%
Max Drawdown (1Y) Largest decline over 1 year	-93.85%	-69.32%	-24.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-97.85%	—
Current Drawdown Current decline from peak	-91.74%	-97.78%	+6.04%
Average Drawdown Average peak-to-trough decline	-67.33%	-68.42%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.12%	55.83%	+16.29%

Volatility

CWVX vs. TSLQ - Volatility Comparison

Tradr 2X Long CRWV Daily ETF (CWVX) has a higher volatility of 62.07% compared to Tradr 2X Short TSLA Daily ETF (TSLQ) at 36.98%. This indicates that CWVX's price experiences larger fluctuations and is considered to be riskier than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWVX	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	62.07%	36.98%	+25.09%
Volatility (6M) Calculated over the trailing 6-month period	138.54%	67.32%	+71.22%
Volatility (1Y) Calculated over the trailing 1-year period	194.23%	92.69%	+101.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	192.08%	95.64%	+96.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	192.08%	95.64%	+96.44%

CWVX vs. TSLQ - Expense Ratio Comparison

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

Dividends

CWVX vs. TSLQ - Dividend Comparison

CWVX's dividend yield for the trailing twelve months is around 3.83%, less than TSLQ's 7.08% yield.

Position	TTM	2025	2024	2023	2022
CWVX Tradr 2X Long CRWV Daily ETF	3.83%	2.10%	0.00%	0.00%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	7.08%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both CWVX and TSLQ in my portfolio?

CWVX and TSLQ have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CWVX or TSLQ?

CWVX has higher volatility (62.07%) compared to TSLQ (36.98%). In terms of maximum drawdown, CWVX dropped -93.85% vs TSLQ's -98.73%.

Which ETF is better, CWVX or TSLQ?

On 1-year performance, TSLQ leads with -46.08% vs -83.03% for CWVX. On fees, TSLQ is cheaper at 1.17% per year. On volatility, TSLQ has been the lower-risk option at 36.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CWVX or TSLQ?

Over the 1-year period, TSLQ has performed better with a -46.08% return vs -83.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CWVX or TSLQ?

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

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

TSLQ has the higher dividend yield at 7.08%, compared with 3.83% for CWVX.

What is the main difference between CWVX and TSLQ?

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

Which has better risk-adjusted returns?

CWVX currently has the higher Sharpe Ratio (-0.45 vs -0.48), 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.