QID vs. TSLQ

Last updated Jul 12, 2026

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 -36.90%/yr vs -65.69%/yr for TSLQ. A 0.60 correlation means they provide meaningful diversification when combined. QID charges 0.95%/yr vs 1.17%/yr for TSLQ.

Performance

QID vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ (QID) 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, QID achieves a -28.70% return, which is significantly lower than TSLQ's -6.50% return.

QID

• 1D: -0.64%
• 1M: -0.57%
• 6M: -25.87%
• YTD: -28.70%
• 1Y: -41.01%
• 3Y*: -36.90%
• 5Y*: -29.74%
• 10Y*: -38.34%

TSLQ

• 1D: -0.59%
• 1M: -7.57%
• 6M: -7.57%
• YTD: -6.50%
• 1Y: -64.99%
• 3Y*: -65.69%
• 5Y*: —
• 10Y*: —

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

QID vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QID ProShares UltraShort QQQ	-28.70%	-34.97%	-34.06%	-57.19%	3.58%
TSLQ Tradr 2X Short TSLA Daily ETF	-6.50%	-74.67%	-83.21%	-59.97%	61.04%

Correlation

The correlation between QID and TSLQ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.60
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 0.63 - a consistent structural relationship.

Return for Risk

QID vs. TSLQ — Risk / Return Rank

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

QID

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

TSLQ

TSLQ Risk / Return Rank: 3
TSLQ Sharpe Ratio Rank: 3
TSLQ Sortino Ratio Rank: 3
TSLQ Omega Ratio Rank: 4
TSLQ Calmar Ratio Rank: 1
TSLQ Martin Ratio Rank: 3

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.

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 ratio: Return per unit of total volatility	-1.10	-0.74	-0.37
Sortino ratio: Return per unit of downside risk	-1.72	-1.03	-0.69
Omega ratio: Gain probability vs. loss probability	0.81	0.89	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.91	-0.95	+0.04
Martin ratio: Return relative to average drawdown	-1.81	-1.21	-0.59

QID vs. TSLQ - Sharpe Ratio Comparison

The current QID Sharpe Ratio is -1.10, which is lower than the TSLQ Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of QID 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

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.

Drawdown Indicators

	QID	TSLQ	Difference
Max Drawdown Largest 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	-99.25%	—	—
Current Drawdown Current decline from peak	-99.99%	-98.61%	-1.38%
Average Drawdown Average peak-to-trough decline	-87.05%	-67.98%	-19.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.54%	54.24%	-31.70%

Volatility

QID vs. TSLQ - Volatility Comparison

The current volatility for ProShares UltraShort QQQ (QID) is 17.52%, while Tradr 2X Short TSLA Daily ETF (TSLQ) has a volatility of 35.92%. 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.

Volatility by Period

	QID	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.52%	35.92%	-18.40%
Volatility (6M) Calculated over the trailing 6-month period	30.45%	62.69%	-32.24%
Volatility (1Y) Calculated over the trailing 1-year period	36.93%	89.76%	-52.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.55%	94.89%	-49.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.81%	94.89%	-50.08%

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 8.26%, less than TSLQ's 11.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QID ProShares UltraShort QQQ	8.26%	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	11.30%	10.56%	4.95%	13.35%	2.56%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QID and TSLQ in my portfolio?

QID and TSLQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QID or TSLQ?

TSLQ has higher volatility (35.92%) compared to QID (17.52%). In terms of maximum drawdown, QID dropped -99.99% vs TSLQ's -98.73%.

Which ETF is better, QID or TSLQ?

On 3-year performance, QID leads with -36.90% vs -65.69% for TSLQ. On fees, QID is cheaper at 0.95% per year. On volatility, QID has been the lower-risk option at 17.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QID or TSLQ?

Over the 3-year period, QID has performed better with a -36.90% return vs -65.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QID or TSLQ?

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

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

TSLQ has the higher dividend yield at 11.30%, compared with 8.26% for QID.

What is the main difference between QID and 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.

Which has better risk-adjusted returns?

TSLQ currently has the higher Sharpe Ratio (-0.74 vs -1.10), 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.