SMQ vs. TSLQ

Last updated Jun 26, 2026

SMQ (Tradr 1X Short Innovation 100 Monthly ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both Inverse Equities funds from Tradr. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. SMQ charges 1.50%/yr vs 1.17%/yr for TSLQ.

Performance

SMQ vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 1X Short Innovation 100 Monthly ETF (SMQ) 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, SMQ achieves a -15.29% return, which is significantly lower than TSLQ's 17.46% return.

SMQ

• 1D: 0.00%
• 1M: 3.71%
• YTD: -15.29%
• 6M: -13.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLQ

• 1D: 0.09%
• 1M: 26.81%
• YTD: 17.46%
• 6M: 36.29%
• 1Y: -53.58%
• 3Y*: -64.42%
• 5Y*: —
• 10Y*: —

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

SMQ vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025
SMQ Tradr 1X Short Innovation 100 Monthly ETF	-15.29%	0.13%
TSLQ Tradr 2X Short TSLA Daily ETF	17.46%	-11.16%

Correlation

The correlation between SMQ and TSLQ is 0.56, 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 1, 2025	0.56

Return for Risk

SMQ vs. TSLQ — Risk / Return Rank

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

SMQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSLQ

TSLQ Risk / Return Rank: 5
TSLQ Sharpe Ratio Rank: 4
TSLQ Sortino Ratio Rank: 5
TSLQ Omega Ratio Rank: 5
TSLQ Calmar Ratio Rank: 3
TSLQ Martin Ratio Rank: 5

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.

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 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.

	SMQ	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.61	—
Sortino ratio: Return per unit of downside risk	—	-0.62	—
Omega ratio: Gain probability vs. loss probability	—	0.93	—
Calmar ratio: Return relative to maximum drawdown	—	-0.74	—
Martin ratio: Return relative to average drawdown	—	-0.95	—

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.

Drawdown Indicators

	SMQ	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-27.62%	-98.73%	+71.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-72.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-97.85%	—
Current Drawdown Current decline from peak	-23.22%	-98.25%	+75.03%
Average Drawdown Average peak-to-trough decline	-8.95%	-67.67%	+58.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	56.50%	—

Volatility

Volatility by Period

	SMQ	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	56.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	87.75%	-69.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	94.23%	-75.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	94.23%	-75.94%

SMQ vs. TSLQ - Expense Ratio Comparison

SMQ has a 1.50% expense ratio, which is higher than TSLQ's 1.17% expense ratio.

Dividends

SMQ vs. TSLQ - Dividend Comparison

SMQ's dividend yield for the trailing twelve months is around 8.90%, less than TSLQ's 8.99% yield.

Position	TTM	2025	2024	2023	2022
SMQ Tradr 1X Short Innovation 100 Monthly ETF	8.90%	0.25%	0.00%	0.00%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	8.99%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both SMQ and TSLQ in my portfolio?

SMQ and TSLQ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMQ or TSLQ?

On fees, TSLQ is cheaper at 1.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMQ or TSLQ?

TSLQ is cheaper with a 1.17% expense ratio, compared with 1.50% for SMQ.

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

TSLQ has the higher dividend yield at 8.99%, compared with 8.90% for SMQ.

What is the main difference between SMQ and TSLQ?

Their fees differ too: 1.50% for SMQ and 1.17% for TSLQ.