QQDN vs. TSLZ
QQDN (ProShares UltraShort QQQ Mega) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both Inverse Equities funds. QQDN is passively managed, while TSLZ is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. QQDN charges 0.95%/yr vs 1.05%/yr for TSLZ.
Performance
QQDN vs. TSLZ - 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 TSLZ's -3.24% return.
QQDN
- 1D
- -0.14%
- 1M
- -6.55%
- YTD
- -17.46%
- 6M
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLZ
- 1D
- 2.59%
- 1M
- -16.87%
- YTD
- -3.24%
- 6M
- -3.97%
- 1Y
- -65.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQDN vs. TSLZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | -17.46% | -34.14% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | -3.24% | -64.72% |
Correlation
The correlation between QQDN and TSLZ is 0.53, 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 | 0.53 |
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Return for Risk
QQDN vs. TSLZ — Risk / Return Rank
QQDN
TSLZ
QQDN vs. TSLZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). 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 | TSLZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | -0.67 | -0.54 |
Drawdowns
QQDN vs. TSLZ - Drawdown Comparison
The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for QQDN and TSLZ.
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Drawdown Indicators
| QQDN | TSLZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.19% | -99.11% | +48.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.62% | — |
Current DrawdownCurrent decline from peak | -47.00% | -98.98% | +51.98% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -75.39% | +45.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 60.77% | — |
Volatility
QQDN vs. TSLZ - Volatility Comparison
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Volatility by Period
| QQDN | TSLZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.51% | 91.68% | -53.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.51% | 116.96% | -78.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.51% | 116.96% | -78.45% |
QQDN vs. TSLZ - Expense Ratio Comparison
QQDN has a 0.95% expense ratio, which is lower than TSLZ's 1.05% expense ratio.
Dividends
QQDN vs. TSLZ - Dividend Comparison
QQDN's dividend yield for the trailing twelve months is around 4.93%, more than TSLZ's 0.71% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QQDN ProShares UltraShort QQQ Mega | 4.93% | 3.42% | 0.00% | 0.00% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 0.71% | 0.69% | 2.08% | 12.15% |
Frequently Asked Questions
QQDN and TSLZ have a correlation of 0.53, 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 1.05% for TSLZ.
QQDN has the higher dividend yield at 4.93%, compared with 0.71% for TSLZ.
They also come from different issuers: ProShares and T-Rex. Their fees differ too: 0.95% for QQDN and 1.05% for TSLZ.
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