PPI vs. TSLQ

Last updated Apr 1, 2026

Compare and contrast key facts about AXS Astoria Inflation Sensitive ETF (PPI) and AXS TSLA Bear Daily ETF (TSLQ).

PPI and TSLQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPI is an actively managed fund by AXS. It was launched on Dec 30, 2021. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022.

Performance

PPI vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXS Astoria Inflation Sensitive ETF (PPI) and AXS TSLA Bear Daily ETF (TSLQ). The values are adjusted to include any dividend payments, if applicable.

PPI vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PPI AXS Astoria Inflation Sensitive ETF	11.99%	30.06%	-6.85%
TSLQ AXS TSLA Bear Daily ETF	35.41%	-74.67%	-81.10%

Returns By Period

In the year-to-date period, PPI achieves a 11.99% return, which is significantly lower than TSLQ's 35.41% return.

PPI

• 1D: 2.01%
• 1M: -4.97%
• YTD: 11.99%
• 6M: 14.13%
• 1Y: 45.27%
• 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)

PPI vs. TSLQ - Expense Ratio Comparison

PPI has a 0.76% expense ratio, which is lower than TSLQ's 1.15% expense ratio.

TSLQ

AXS TSLA Bear Daily ETF

PPI

AXS Astoria Inflation Sensitive ETF

Return for Risk

PPI vs. TSLQ — Risk / Return Rank

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

PPI

PPI Risk / Return Rank: 94
PPI Sharpe Ratio Rank: 93
PPI Sortino Ratio Rank: 93
PPI Omega Ratio Rank: 95
PPI Calmar Ratio Rank: 92
PPI Martin Ratio Rank: 95

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.

PPI vs. TSLQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXS Astoria Inflation Sensitive ETF (PPI) 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.

	PPI	TSLQ	Difference
Sharpe ratio Return per unit of total volatility	2.25	-0.72	+2.97
Sortino ratio Return per unit of downside risk	2.86	-1.13	+3.99
Omega ratio Gain probability vs. loss probability	1.45	0.86	+0.59
Calmar ratio Return relative to maximum drawdown	3.43	-0.88	+4.31
Martin ratio Return relative to average drawdown	15.36	-1.02	+16.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPI vs. TSLQ - Sharpe Ratio Comparison

The current PPI Sharpe Ratio is 2.25, which is higher than the TSLQ Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of PPI and TSLQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PPI	TSLQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	-0.72	+2.97
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	-0.62	+1.84

Correlation

The correlation between PPI and TSLQ is -0.43. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PPI vs. TSLQ - Dividend Comparison

PPI's dividend yield for the trailing twelve months is around 1.05%, less than TSLQ's 7.80% yield.

	TTM	2025	2024	2023	2022
PPI AXS Astoria Inflation Sensitive ETF	1.05%	1.06%	0.35%	0.00%	0.00%
TSLQ AXS TSLA Bear Daily ETF	7.80%	10.56%	4.95%	13.35%	2.56%

Drawdowns

PPI vs. TSLQ - Drawdown Comparison

The maximum PPI drawdown since its inception was -18.89%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for PPI and TSLQ.

Drawdown Indicators

	PPI	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	-98.73%	+79.84%
Max Drawdown (1Y) Largest decline over 1 year	-13.32%	-90.23%	+76.91%
Current Drawdown Current decline from peak	-5.08%	-97.98%	+92.90%
Average Drawdown Average peak-to-trough decline	-2.98%	-65.72%	+62.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	77.62%	-74.64%

Volatility

PPI vs. TSLQ - Volatility Comparison

The current volatility for AXS Astoria Inflation Sensitive ETF (PPI) is 6.11%, while AXS TSLA Bear Daily ETF (TSLQ) has a volatility of 22.57%. This indicates that PPI 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

	PPI	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	22.57%	-16.46%
Volatility (6M) Calculated over the trailing 6-month period	13.59%	59.42%	-45.83%
Volatility (1Y) Calculated over the trailing 1-year period	20.23%	110.66%	-90.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.41%	94.61%	-75.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	94.61%	-75.20%