QQDN vs. TSLQ
QQDN (ProShares UltraShort QQQ Mega) and TSLQ (AXS TSLA Bear Daily ETF) are both Inverse Equities funds. QQDN is passively managed, while TSLQ is actively managed. A 0.52 correlation means they provide meaningful diversification when combined. QQDN charges 0.95%/yr vs 1.15%/yr for TSLQ.
Performance
QQDN vs. TSLQ - Performance Comparison
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Returns By Period
In the year-to-date period, QQDN achieves a -17.46% return, which is significantly lower than TSLQ's -1.38% return.
QQDN
- 1D
- -0.14%
- 1M
- -6.55%
- YTD
- -17.46%
- 6M
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLQ
- 1D
- 2.46%
- 1M
- -16.62%
- YTD
- -1.38%
- 6M
- -1.74%
- 1Y
- -64.04%
- 3Y*
- -67.70%
- 5Y*
- —
- 10Y*
- —
QQDN vs. TSLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | -17.46% | -34.14% |
TSLQ AXS TSLA Bear Daily ETF | -1.38% | -63.64% |
Correlation
The correlation between QQDN and TSLQ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.52 |
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Return for Risk
QQDN vs. TSLQ — Risk / Return Rank
QQDN
TSLQ
QQDN vs. TSLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQDN | TSLQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | -0.64 | -0.57 |
Drawdowns
QQDN vs. TSLQ - Drawdown Comparison
The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for QQDN and TSLQ.
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Drawdown Indicators
| QQDN | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.19% | -98.73% | +48.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -75.93% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.85% | — |
Current DrawdownCurrent decline from peak | -47.00% | -98.53% | +51.53% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -67.22% | +36.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 59.81% | — |
Volatility
QQDN vs. TSLQ - Volatility Comparison
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Volatility by Period
| QQDN | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.51% | 92.72% | -54.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.51% | 94.07% | -55.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.51% | 94.07% | -55.56% |
QQDN vs. TSLQ - Expense Ratio Comparison
QQDN has a 0.95% expense ratio, which is lower than TSLQ's 1.15% expense ratio.
Dividends
QQDN vs. TSLQ - Dividend Comparison
QQDN's dividend yield for the trailing twelve months is around 4.93%, less than TSLQ's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
QQDN ProShares UltraShort QQQ Mega | 4.93% | 3.42% | 0.00% | 0.00% | 0.00% |
TSLQ AXS TSLA Bear Daily ETF | 10.71% | 10.56% | 4.95% | 13.35% | 2.56% |
Frequently Asked Questions
QQDN and TSLQ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQDN is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQDN is cheaper with a 0.95% expense ratio, compared with 1.15% for TSLQ.
TSLQ has the higher dividend yield at 10.71%, compared with 4.93% for QQDN.
They also come from different issuers: ProShares and AXS. Their fees differ too: 0.95% for QQDN and 1.15% for TSLQ.
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