OILD vs. TSLQ

Last updated Aug 5, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both Inverse Equities funds. OILD is passively managed, while TSLQ is actively managed. Over the past 3 years, OILD returned -42.92%/yr vs -61.93%/yr for TSLQ. Their 0.08 correlation means their historical movements had little consistent relationship. OILD charges 0.95%/yr vs 1.17%/yr for TSLQ.

Performance

OILD vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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, OILD achieves a -62.98% return, which is significantly lower than TSLQ's 34.36% return.

OILD

• 1D: 1.27%
• 1M: -27.98%
• 6M: -43.08%
• YTD: -62.98%
• 1Y: -70.97%
• 3Y*: -42.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -58.87%

TSLQ

• 1D: -3.29%
• 1M: 30.62%
• 6M: 21.88%
• YTD: 34.36%
• 1Y: -49.26%
• 3Y*: -61.93%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -55.67%

*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)
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	$2.68M	$2.54M	$3.73M
TSLQ Tradr 2X Short TSLA Daily ETF	$163.26M	$138.92M	$160.02M

OILD vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-62.98%	-41.67%	-14.58%	-19.58%	-65.05%
TSLQ Tradr 2X Short TSLA Daily ETF	34.36%	-74.67%	-83.21%	-59.97%	61.04%

Correlation

The correlation between OILD and TSLQ is -0.12, 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.	-0.12
Correlation (3Y) Balances recent behavior with more history.	0.06
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.08

The correlation between OILD and TSLQ shifts across timeframes, from -0.12 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OILD vs. TSLQ — Risk / Return Rank

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

OILD

OILD Risk / Return Rank: 1
OILD Sharpe Ratio Rank: 1
OILD Sortino Ratio Rank: 0
OILD Omega Ratio Rank: 1
OILD Calmar Ratio Rank: 1
OILD Martin Ratio Rank: 1

TSLQ

TSLQ Risk / Return Rank: 5
TSLQ Sharpe Ratio Rank: 5
TSLQ Sortino Ratio Rank: 6
TSLQ Omega Ratio Rank: 6
TSLQ Calmar Ratio Rank: 3
TSLQ Martin Ratio Rank: 5

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.

OILD vs. TSLQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.

	OILD	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.12	-0.53	-0.59
Sortino ratio: Return per unit of downside risk	-2.25	-0.39	-1.86
Omega ratio: Gain probability vs. loss probability	0.77	0.96	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.95	-0.73	-0.23
Martin ratio: Return relative to average drawdown	-1.42	-0.91	-0.51

OILD vs. TSLQ - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -1.12, which is lower than the TSLQ Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of OILD 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

OILD vs. TSLQ - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, roughly equal to the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for OILD and TSLQ.

Drawdown Indicators

	OILD	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	-98.73%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	-74.53%	-68.10%	-6.43%
Max Drawdown (3Y) Largest decline over 3 years	-85.42%	-97.85%	+12.43%
Current Drawdown Current decline from peak	-98.80%	-98.00%	-0.80%
Average Drawdown Average peak-to-trough decline	-88.92%	-68.48%	-20.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.00%	54.39%	-4.39%

Volatility

OILD vs. TSLQ - Volatility Comparison

The current volatility for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is 20.27%, while Tradr 2X Short TSLA Daily ETF (TSLQ) has a volatility of 32.45%. This indicates that OILD 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

	OILD	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.27%	32.45%	-12.18%
Volatility (6M) Calculated over the trailing 6-month period	50.12%	67.35%	-17.23%
Volatility (1Y) Calculated over the trailing 1-year period	63.36%	92.67%	-29.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.04%	95.62%	-16.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.04%	95.62%	-16.58%

OILD vs. TSLQ - Expense Ratio Comparison

OILD has a 0.95% expense ratio, which is lower than TSLQ's 1.17% expense ratio.

Dividends

OILD vs. TSLQ - Dividend Comparison

OILD has not paid dividends to shareholders, while TSLQ's dividend yield for the trailing twelve months is around 7.86%.

Position	TTM	2025	2024	2023	2022
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	0.00%	0.00%	0.00%	0.00%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	7.86%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both OILD and TSLQ in my portfolio?

OILD and TSLQ have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILD or TSLQ?

TSLQ has higher volatility (32.45%) compared to OILD (20.27%). In terms of maximum drawdown, OILD dropped -98.90% vs TSLQ's -98.73%.

Which ETF is better, OILD or TSLQ?

On 3-year performance, OILD leads with -42.92% vs -61.93% for TSLQ. On fees, OILD is cheaper at 0.95% per year. On volatility, OILD has been the lower-risk option at 20.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILD or TSLQ?

Over the 3-year period, OILD has performed better with a -42.92% return vs -61.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILD or TSLQ?

OILD is cheaper with a 0.95% expense ratio, compared with 1.17% for TSLQ.

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

TSLQ has the higher dividend yield at 7.86%, compared with 0.00% for OILD.

What is the main difference between OILD and TSLQ?

They also come from different issuers: REX and Tradr. Their fees differ too: 0.95% for OILD and 1.17% for TSLQ.

Which has better risk-adjusted returns?

TSLQ currently has the higher Sharpe Ratio (-0.53 vs -1.12), 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.