CWVX vs. TSLQ
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. At a correlation of -0.26, they often move in opposite directions. CWVX charges 1.30%/yr vs 1.17%/yr for TSLQ.
Performance
CWVX vs. TSLQ - Performance Comparison
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Returns By Period
In the year-to-date period, CWVX achieves a 71.51% return, which is significantly higher than TSLQ's 4.13% return.
CWVX
- 1D
- 4.37%
- 1M
- 31.89%
- YTD
- 71.51%
- 6M
- 83.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLQ
- 1D
- -1.97%
- 1M
- -2.63%
- YTD
- 4.13%
- 6M
- 19.83%
- 1Y
- -61.24%
- 3Y*
- -65.02%
- 5Y*
- —
- 10Y*
- —
CWVX vs. TSLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CWVX Tradr 2X Long CRWV Daily ETF | 71.51% | -81.40% |
TSLQ Tradr 2X Short TSLA Daily ETF | 4.13% | -63.42% |
Correlation
The correlation between CWVX and TSLQ is -0.26, 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 Jul 11, 2025 | -0.26 |
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Return for Risk
CWVX vs. TSLQ — Risk / Return Rank
CWVX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLQ
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 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 | — | -0.85 | — |
| Martin ratioReturn relative to average drawdown | — | -1.09 | — |
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Drawdowns
CWVX vs. TSLQ - Drawdown Comparison
The maximum CWVX drawdown since its inception was -89.29%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for CWVX and TSLQ.
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Drawdown Indicators
| CWVX | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.29% | -98.73% | +9.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -72.21% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.85% | — |
Current DrawdownCurrent decline from peak | -74.12% | -98.45% | +24.33% |
Average DrawdownAverage peak-to-trough decline | -64.89% | -67.55% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 55.95% | — |
Volatility
CWVX vs. TSLQ - Volatility Comparison
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Volatility by Period
| CWVX | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 189.12% | 88.59% | +100.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 189.12% | 94.21% | +94.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 189.12% | 94.21% | +94.91% |
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 1.22%, less than TSLQ's 10.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CWVX Tradr 2X Long CRWV Daily ETF | 1.22% | 2.10% | 0.00% | 0.00% | 0.00% |
TSLQ Tradr 2X Short TSLA Daily ETF | 10.15% | 10.56% | 4.95% | 13.35% | 2.56% |
Frequently Asked Questions
CWVX and TSLQ have a correlation of -0.26, 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 CWVX.
TSLQ has the higher dividend yield at 10.15%, compared with 1.22% for CWVX.
CWVX is categorized as Leveraged Equities, while TSLQ is Inverse Equities. Their fees differ too: 1.30% for CWVX and 1.17% for TSLQ.
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