SMQ vs. TSLQ
SMQ (Tradr 1X Short Innovation 100 Monthly ETF) and TSLQ (AXS TSLA Bear Daily ETF) are both Inverse Equities funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. SMQ charges 1.50%/yr vs 1.15%/yr for TSLQ.
Performance
SMQ vs. TSLQ - Performance Comparison
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Returns By Period
In the year-to-date period, SMQ achieves a -15.77% return, which is significantly lower than TSLQ's 11.62% return.
SMQ
- 1D
- 4.62%
- 1M
- -3.50%
- YTD
- -15.77%
- 6M
- -14.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLQ
- 1D
- 13.18%
- 1M
- -1.03%
- YTD
- 11.62%
- 6M
- 11.37%
- 1Y
- -68.35%
- 3Y*
- -66.15%
- 5Y*
- —
- 10Y*
- —
SMQ vs. TSLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMQ Tradr 1X Short Innovation 100 Monthly ETF | -15.77% | 0.39% |
TSLQ AXS TSLA Bear Daily ETF | 11.62% | -11.19% |
Correlation
The correlation between SMQ and TSLQ is 0.60, 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 Dec 2, 2025 | 0.60 |
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Return for Risk
SMQ vs. TSLQ — Risk / Return Rank
SMQ
TSLQ
SMQ vs. TSLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1X Short Innovation 100 Monthly ETF (SMQ) 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
| SMQ | TSLQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.47 | -0.63 | -0.84 |
Drawdowns
SMQ vs. TSLQ - Drawdown Comparison
The maximum SMQ drawdown since its inception was -27.62%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for SMQ and TSLQ.
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Drawdown Indicators
| SMQ | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.62% | -98.73% | +71.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -74.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -97.85% | — |
Current DrawdownCurrent decline from peak | -23.66% | -98.34% | +74.68% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -67.25% | +59.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 59.96% | — |
Volatility
SMQ vs. TSLQ - Volatility Comparison
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Volatility by Period
| SMQ | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 93.40% | -74.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 94.27% | -75.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 94.27% | -75.09% |
SMQ vs. TSLQ - Expense Ratio Comparison
SMQ has a 1.50% expense ratio, which is higher than TSLQ's 1.15% expense ratio.
Dividends
SMQ vs. TSLQ - Dividend Comparison
SMQ's dividend yield for the trailing twelve months is around 0.29%, less than TSLQ's 9.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SMQ Tradr 1X Short Innovation 100 Monthly ETF | 0.29% | 0.25% | 0.00% | 0.00% | 0.00% |
TSLQ AXS TSLA Bear Daily ETF | 9.46% | 10.56% | 4.95% | 13.35% | 2.56% |
Frequently Asked Questions
SMQ and TSLQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLQ is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLQ is cheaper with a 1.15% expense ratio, compared with 1.50% for SMQ.
TSLQ has the higher dividend yield at 9.46%, compared with 0.29% for SMQ.
They also come from different issuers: Tradr and AXS. Their fees differ too: 1.50% for SMQ and 1.15% for TSLQ.
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