QID vs. TSLQ
QID (ProShares UltraShort QQQ) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both exchange-traded funds - QID is a Leveraged Equities fund tracking the NASDAQ-100 Index (-200%), while TSLQ is a Inverse Equities fund actively managed by Tradr. QID is passively managed, while TSLQ is actively managed. Over the past 3 years, QID returned -33.07%/yr vs -60.20%/yr for TSLQ. Their 0.60 correlation means they have sometimes moved together and sometimes differently. QID charges 0.95%/yr vs 1.17%/yr for TSLQ.
Performance
QID vs. TSLQ - Performance Comparison
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Returns By Period
In the year-to-date period, QID achieves a -21.02% return, which is significantly lower than TSLQ's 49.23% return.
QID
- 1D
- -1.22%
- 1M
- 6.86%
- 6M
- -19.38%
- YTD
- -21.02%
- 1Y
- -35.07%
- 3Y*
- -33.07%
- 5Y*
- -27.97%
- 10Y*
- -37.32%
- ALL TIME*
- -34.54%
TSLQ
- 1D
- -1.53%
- 1M
- 45.07%
- 6M
- 40.85%
- YTD
- 49.23%
- 1Y
- -46.08%
- 3Y*
- -60.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $255.66M | $222.38M | $304.58M | |
| $162.68M | $148.83M | $161.26M |
QID vs. TSLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | -21.02% | -34.97% | -34.06% | -57.19% | 3.58% |
TSLQ Tradr 2X Short TSLA Daily ETF | 49.23% | -74.67% | -83.21% | -59.97% | 61.04% |
Correlation
The correlation between QID and TSLQ is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.60 |
The correlation between QID and TSLQ has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
QID vs. TSLQ — Risk / Return Rank
QID
TSLQ
QID vs. TSLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) 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.
| QID | TSLQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.97 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.64 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.34 | -0.79 | -0.55 |
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Drawdowns
QID vs. TSLQ - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, roughly equal to the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for QID and TSLQ.
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Drawdown Indicators
| QID | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -98.73% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -44.65% | -69.32% | +24.67% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | -97.85% | +18.35% |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -97.78% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -87.09% | -68.42% | -18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 55.83% | -31.63% |
Volatility
QID vs. TSLQ - Volatility Comparison
The current volatility for ProShares UltraShort QQQ (QID) is 13.93%, while Tradr 2X Short TSLA Daily ETF (TSLQ) has a volatility of 36.98%. This indicates that QID 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
| QID | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 36.98% | -23.05% |
Volatility (6M)Calculated over the trailing 6-month period | 32.16% | 67.32% | -35.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.79% | 92.69% | -53.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.80% | 95.64% | -49.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 95.64% | -50.68% |
QID vs. TSLQ - Expense Ratio Comparison
QID has a 0.95% expense ratio, which is lower than TSLQ's 1.17% expense ratio.
Dividends
QID vs. TSLQ - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 7.46%, more than TSLQ's 7.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | 7.46% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% |
TSLQ Tradr 2X Short TSLA Daily ETF | 7.08% | 10.56% | 4.95% | 13.35% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QID and TSLQ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLQ has higher volatility (36.98%) compared to QID (13.93%). In terms of maximum drawdown, QID dropped -99.99% vs TSLQ's -98.73%.
On 3-year performance, QID leads with -33.07% vs -60.20% for TSLQ. On fees, QID is cheaper at 0.95% per year. On volatility, QID has been the lower-risk option at 13.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QID has performed better with a -33.07% return vs -60.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QID is cheaper with a 0.95% expense ratio, compared with 1.17% for TSLQ.
QID has the higher dividend yield at 7.46%, compared with 7.08% for TSLQ.
QID is categorized as Leveraged Equities, while TSLQ is Inverse Equities. They also come from different issuers: ProShares and Tradr. Their fees differ too: 0.95% for QID and 1.17% for TSLQ.
TSLQ currently has the higher Sharpe Ratio (-0.48 vs -0.84), 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.
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