QCMD vs. TSLQ

Last updated Jun 26, 2026

QCMD (Direxion Daily QCOM Bear 1X Shares) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both Inverse Equities funds. Over the past year, QCMD returned -38.22% vs -53.58% for TSLQ. At a 0.42 correlation, their price movements are largely independent. QCMD charges 1.00%/yr vs 1.17%/yr for TSLQ.

Performance

QCMD vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily QCOM Bear 1X Shares (QCMD) 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, QCMD achieves a -29.99% return, which is significantly lower than TSLQ's 17.46% return.

QCMD

• 1D: -4.04%
• 1M: 14.28%
• YTD: -29.99%
• 6M: -28.41%
• 1Y: -38.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLQ

• 1D: 0.09%
• 1M: 26.81%
• YTD: 17.46%
• 6M: 36.29%
• 1Y: -53.58%
• 3Y*: -64.42%
• 5Y*: —
• 10Y*: —

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

QCMD vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025
QCMD Direxion Daily QCOM Bear 1X Shares	-29.99%	-11.76%
TSLQ Tradr 2X Short TSLA Daily ETF	17.46%	-57.48%

Correlation

The correlation between QCMD and TSLQ is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.42

Return for Risk

QCMD vs. TSLQ — Risk / Return Rank

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

QCMD

QCMD Risk / Return Rank: 3
QCMD Sharpe Ratio Rank: 3
QCMD Sortino Ratio Rank: 4
QCMD Omega Ratio Rank: 3
QCMD Calmar Ratio Rank: 4
QCMD Martin Ratio Rank: 0

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.

QCMD vs. TSLQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) 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.

	QCMD	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	-0.61	-0.15
Sortino ratio: Return per unit of downside risk	-0.94	-0.62	-0.32
Omega ratio: Gain probability vs. loss probability	0.87	0.93	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.68	-0.74	+0.06
Martin ratio: Return relative to average drawdown	-1.77	-0.95	-0.82

QCMD vs. TSLQ - Sharpe Ratio Comparison

The current QCMD Sharpe Ratio is -0.76, which is comparable to the TSLQ Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of QCMD 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

QCMD vs. TSLQ - Drawdown Comparison

The maximum QCMD drawdown since its inception was -56.03%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for QCMD and TSLQ.

Drawdown Indicators

	QCMD	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-98.73%	+42.70%
Max Drawdown (1Y) Largest decline over 1 year	-56.03%	-72.21%	+16.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-97.85%	—
Current Drawdown Current decline from peak	-48.55%	-98.25%	+49.70%
Average Drawdown Average peak-to-trough decline	-15.26%	-67.67%	+52.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.63%	56.50%	-34.87%

Volatility

QCMD vs. TSLQ - Volatility Comparison

The current volatility for Direxion Daily QCOM Bear 1X Shares (QCMD) is 24.90%, while Tradr 2X Short TSLA Daily ETF (TSLQ) has a volatility of 27.08%. This indicates that QCMD 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

	QCMD	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.90%	27.08%	-2.18%
Volatility (6M) Calculated over the trailing 6-month period	45.26%	56.64%	-11.38%
Volatility (1Y) Calculated over the trailing 1-year period	50.35%	87.75%	-37.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.35%	94.23%	-43.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.35%	94.23%	-43.88%

QCMD vs. TSLQ - Expense Ratio Comparison

QCMD has a 1.00% expense ratio, which is lower than TSLQ's 1.17% expense ratio.

Dividends

QCMD vs. TSLQ - Dividend Comparison

QCMD's dividend yield for the trailing twelve months is around 4.27%, less than TSLQ's 8.99% yield.

Position	TTM	2025	2024	2023	2022
QCMD Direxion Daily QCOM Bear 1X Shares	4.27%	1.77%	0.00%	0.00%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	8.99%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both QCMD and TSLQ in my portfolio?

QCMD and TSLQ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCMD or TSLQ?

TSLQ has higher volatility (27.08%) compared to QCMD (24.90%). In terms of maximum drawdown, QCMD dropped -56.03% vs TSLQ's -98.73%.

Which ETF is better, QCMD or TSLQ?

On 1-year performance, QCMD leads with -38.22% vs -53.58% for TSLQ. On fees, QCMD is cheaper at 1.00% per year. On volatility, QCMD has been the lower-risk option at 24.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QCMD or TSLQ?

Over the 1-year period, QCMD has performed better with a -38.22% return vs -53.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QCMD or TSLQ?

QCMD is cheaper with a 1.00% expense ratio, compared with 1.17% for TSLQ.

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

TSLQ has the higher dividend yield at 8.99%, compared with 4.27% for QCMD.

What is the main difference between QCMD and TSLQ?

They also come from different issuers: Direxion and Tradr. Their fees differ too: 1.00% for QCMD and 1.17% for TSLQ.

Which has better risk-adjusted returns?

TSLQ currently has the higher Sharpe Ratio (-0.61 vs -0.76), 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.