QBTX vs. TSLQ

Last updated Jun 24, 2026

QBTX (Tradr 2X Long QBTS Daily ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both exchange-traded funds - QBTX is a Leveraged Equities fund managed by Tradr, while TSLQ is a Inverse Equities fund actively managed by Tradr. Over the past year, QBTX returned -24.24% vs -49.38% for TSLQ. At a correlation of -0.31, they often move in opposite directions. QBTX charges 1.30%/yr vs 1.17%/yr for TSLQ.

Performance

QBTX vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long QBTS Daily ETF (QBTX) 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, QBTX achieves a -49.88% return, which is significantly lower than TSLQ's 13.60% return.

QBTX

• 1D: 4.15%
• 1M: -34.95%
• YTD: -49.88%
• 6M: -60.48%
• 1Y: -24.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLQ

• 1D: 11.57%
• 1M: 18.36%
• YTD: 13.60%
• 6M: 31.99%
• 1Y: -49.38%
• 3Y*: -64.10%
• 5Y*: —
• 10Y*: —

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

QBTX vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025
QBTX Tradr 2X Long QBTS Daily ETF	-49.88%	339.28%
TSLQ Tradr 2X Short TSLA Daily ETF	13.60%	-79.83%

Correlation

The correlation between QBTX and TSLQ is -0.33, 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 (1Y) Calculated over the trailing 1-year period	-0.33
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	-0.31

Return for Risk

QBTX vs. TSLQ — Risk / Return Rank

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

QBTX

QBTX Risk / Return Rank: 15
QBTX Sharpe Ratio Rank: 8
QBTX Sortino Ratio Rank: 30
QBTX Omega Ratio Rank: 25
QBTX Calmar Ratio Rank: 7
QBTX Martin Ratio Rank: 7

TSLQ

TSLQ Risk / Return Rank: 5
TSLQ Sharpe Ratio Rank: 4
TSLQ Sortino Ratio Rank: 5
TSLQ Omega Ratio Rank: 5
TSLQ Calmar Ratio Rank: 3
TSLQ Martin Ratio Rank: 5

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.

QBTX vs. TSLQ - Risk-Adjusted Trends Comparison

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

	QBTX	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	-0.56	+0.45
Sortino ratio: Return per unit of downside risk	1.50	-0.47	+1.98
Omega ratio: Gain probability vs. loss probability	1.16	0.95	+0.21
Calmar ratio: Return relative to maximum drawdown	-0.25	-0.69	+0.43
Martin ratio: Return relative to average drawdown	-0.35	-0.88	+0.53

QBTX vs. TSLQ - Sharpe Ratio Comparison

The current QBTX Sharpe Ratio is -0.11, which is higher than the TSLQ Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of QBTX 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

QBTX vs. TSLQ - Drawdown Comparison

The maximum QBTX drawdown since its inception was -95.48%, roughly equal to the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for QBTX and TSLQ.

Drawdown Indicators

	QBTX	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-95.48%	-98.73%	+3.25%
Max Drawdown (1Y) Largest decline over 1 year	-95.48%	-72.21%	-23.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-97.85%	—
Current Drawdown Current decline from peak	-88.42%	-98.31%	+9.89%
Average Drawdown Average peak-to-trough decline	-57.31%	-67.61%	+10.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.22%	56.23%	+12.99%

Volatility

QBTX vs. TSLQ - Volatility Comparison

Tradr 2X Long QBTS Daily ETF (QBTX) has a higher volatility of 66.40% compared to Tradr 2X Short TSLA Daily ETF (TSLQ) at 27.76%. This indicates that QBTX'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

	QBTX	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.40%	27.76%	+38.64%
Volatility (6M) Calculated over the trailing 6-month period	150.11%	56.68%	+93.43%
Volatility (1Y) Calculated over the trailing 1-year period	217.47%	89.33%	+128.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	241.06%	94.31%	+146.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	241.06%	94.31%	+146.75%

QBTX vs. TSLQ - Expense Ratio Comparison

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

Dividends

QBTX vs. TSLQ - Dividend Comparison

QBTX's dividend yield for the trailing twelve months is around 26.33%, more than TSLQ's 9.30% yield.

Position	TTM	2025	2024	2023	2022
QBTX Tradr 2X Long QBTS Daily ETF	26.33%	13.20%	0.00%	0.00%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	9.30%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both QBTX and TSLQ in my portfolio?

QBTX 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, QBTX or TSLQ?

QBTX has higher volatility (66.40%) compared to TSLQ (27.76%). In terms of maximum drawdown, QBTX dropped -95.48% vs TSLQ's -98.73%.

Which ETF is better, QBTX or TSLQ?

On 1-year performance, QBTX leads with -24.24% vs -49.38% for TSLQ. On fees, TSLQ is cheaper at 1.17% per year. On volatility, TSLQ has been the lower-risk option at 27.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBTX or TSLQ?

Over the 1-year period, QBTX has performed better with a -24.24% return vs -49.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBTX or TSLQ?

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

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

QBTX has the higher dividend yield at 26.33%, compared with 9.30% for TSLQ.

What is the main difference between QBTX and TSLQ?

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

Which has better risk-adjusted returns?

QBTX currently has the higher Sharpe Ratio (-0.11 vs -0.56), 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.