EUM vs. TSLQ
Compare and contrast key facts about ProShares Short MSCI Emerging Markets (EUM) and AXS TSLA Bear Daily ETF (TSLQ).
EUM and TSLQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUM is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (-100%). It was launched on Nov 1, 2007. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022.
Performance
EUM vs. TSLQ - Performance Comparison
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EUM vs. TSLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | -4.65% | -22.61% | -0.83% | -3.89% | -0.22% |
TSLQ AXS TSLA Bear Daily ETF | 28.41% | -74.67% | -83.21% | -59.97% | 63.52% |
Returns By Period
In the year-to-date period, EUM achieves a -4.65% return, which is significantly lower than TSLQ's 28.41% return.
EUM
- 1D
- -0.68%
- 1M
- 6.85%
- YTD
- -4.65%
- 6M
- -6.77%
- 1Y
- -23.48%
- 3Y*
- -10.11%
- 5Y*
- -2.28%
- 10Y*
- -8.57%
TSLQ
- 1D
- -5.16%
- 1M
- 8.21%
- YTD
- 28.41%
- 6M
- 15.81%
- 1Y
- -79.48%
- 3Y*
- -65.58%
- 5Y*
- —
- 10Y*
- —
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EUM vs. TSLQ - Expense Ratio Comparison
EUM has a 0.95% expense ratio, which is lower than TSLQ's 1.15% expense ratio.
Return for Risk
EUM vs. TSLQ — Risk / Return Rank
EUM
TSLQ
EUM vs. TSLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short MSCI Emerging Markets (EUM) 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.
| EUM | TSLQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.15 | -0.72 | -0.43 |
Sortino ratioReturn per unit of downside risk | -1.65 | -1.10 | -0.55 |
Omega ratioGain probability vs. loss probability | 0.80 | 0.86 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.90 | +0.28 |
Martin ratioReturn relative to average drawdown | -0.91 | -1.04 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUM | TSLQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.15 | -0.72 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | -0.63 | +0.30 |
Correlation
The correlation between EUM and TSLQ is 0.39, 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
EUM vs. TSLQ - Dividend Comparison
EUM's dividend yield for the trailing twelve months is around 3.74%, less than TSLQ's 8.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUM ProShares Short MSCI Emerging Markets | 3.74% | 3.98% | 4.22% | 3.86% | 0.82% | 0.00% | 0.15% | 1.35% | 0.88% |
TSLQ AXS TSLA Bear Daily ETF | 8.23% | 10.56% | 4.95% | 13.35% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EUM vs. TSLQ - Drawdown Comparison
The maximum EUM drawdown since its inception was -92.17%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for EUM and TSLQ.
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Drawdown Indicators
| EUM | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.17% | -98.73% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -38.57% | -90.23% | +51.66% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.06% | — | — |
Current DrawdownCurrent decline from peak | -91.40% | -98.09% | +6.69% |
Average DrawdownAverage peak-to-trough decline | -77.02% | -65.75% | -11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.03% | 77.80% | -51.77% |
Volatility
EUM vs. TSLQ - Volatility Comparison
The current volatility for ProShares Short MSCI Emerging Markets (EUM) is 9.82%, while AXS TSLA Bear Daily ETF (TSLQ) has a volatility of 22.77%. This indicates that EUM 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.
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Volatility by Period
| EUM | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 22.77% | -12.95% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 59.66% | -44.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 110.69% | -90.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.63% | 94.60% | -75.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 94.60% | -74.26% |