SSG vs. TSLQ

Last updated Jun 24, 2026

SSG (Proshares Ultrashort Semiconductors) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both exchange-traded funds - SSG is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%), while TSLQ is a Inverse Equities fund actively managed by Tradr. SSG is passively managed, while TSLQ is actively managed. Over the past 3 years, SSG returned -74.04%/yr vs -64.10%/yr for TSLQ. At a 0.46 correlation, their price movements are largely independent. SSG charges 0.95%/yr vs 1.17%/yr for TSLQ.

Performance

SSG vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultrashort Semiconductors (SSG) 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, SSG achieves a -58.97% return, which is significantly lower than TSLQ's 13.60% return.

SSG

• 1D: 12.02%
• 1M: -11.92%
• YTD: -58.97%
• 6M: -57.87%
• 1Y: -78.94%
• 3Y*: -74.04%
• 5Y*: -66.24%
• 10Y*: -62.09%

TSLQ

• 1D: 11.57%
• 1M: 18.36%
• YTD: 13.60%
• 6M: 31.99%
• 1Y: -49.38%
• 3Y*: -64.10%
• 5Y*: —
• 10Y*: —

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

SSG vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SSG Proshares Ultrashort Semiconductors	-58.97%	-70.03%	-77.59%	-78.69%	-17.16%
TSLQ Tradr 2X Short TSLA Daily ETF	13.60%	-74.67%	-83.21%	-59.97%	61.04%

Correlation

The correlation between SSG and TSLQ is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.46

Return for Risk

SSG vs. TSLQ — Risk / Return Rank

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

SSG

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

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.

SSG vs. TSLQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) 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.

	SSG	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	-0.56	-0.59
Sortino ratio: Return per unit of downside risk	-2.60	-0.47	-2.13
Omega ratio: Gain probability vs. loss probability	0.72	0.95	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.69	-0.30
Martin ratio: Return relative to average drawdown	-1.64	-0.88	-0.76

SSG vs. TSLQ - Sharpe Ratio Comparison

The current SSG Sharpe Ratio is -1.15, which is lower than the TSLQ Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of SSG 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

SSG vs. TSLQ - Drawdown Comparison

The maximum SSG drawdown since its inception was -100.00%, roughly equal to the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for SSG and TSLQ.

Drawdown Indicators

	SSG	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-98.73%	-1.27%
Max Drawdown (1Y) Largest decline over 1 year	-79.92%	-72.21%	-7.71%
Max Drawdown (3Y) Largest decline over 3 years	-98.56%	-97.85%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	-99.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	—	—
Current Drawdown Current decline from peak	-100.00%	-98.31%	-1.69%
Average Drawdown Average peak-to-trough decline	-88.60%	-67.61%	-20.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.14%	56.23%	-5.09%

Volatility

SSG vs. TSLQ - Volatility Comparison

Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 33.37% compared to Tradr 2X Short TSLA Daily ETF (TSLQ) at 27.76%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSG	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.37%	27.76%	+5.61%
Volatility (6M) Calculated over the trailing 6-month period	54.63%	56.68%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	68.68%	89.33%	-20.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.55%	94.31%	-15.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.63%	94.31%	-24.68%

SSG vs. TSLQ - Expense Ratio Comparison

SSG has a 0.95% expense ratio, which is lower than TSLQ's 1.17% expense ratio.

Dividends

SSG vs. TSLQ - Dividend Comparison

SSG's dividend yield for the trailing twelve months is around 12.72%, more than TSLQ's 9.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SSG Proshares Ultrashort Semiconductors	12.72%	9.19%	7.67%	6.73%	0.75%	0.00%	0.34%	1.81%	0.62%
TSLQ Tradr 2X Short TSLA Daily ETF	9.30%	10.56%	4.95%	13.35%	2.56%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SSG and TSLQ in my portfolio?

SSG and TSLQ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSG or TSLQ?

SSG has higher volatility (33.37%) compared to TSLQ (27.76%). In terms of maximum drawdown, SSG dropped -100.00% vs TSLQ's -98.73%.

Which ETF is better, SSG or TSLQ?

On 3-year performance, TSLQ leads with -64.10% vs -74.04% for SSG. On fees, SSG is cheaper at 0.95% per year. On volatility, TSLQ has been the lower-risk option at 27.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SSG or TSLQ?

Over the 3-year period, TSLQ has performed better with a -64.10% return vs -74.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SSG or TSLQ?

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

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

SSG has the higher dividend yield at 12.72%, compared with 9.30% for TSLQ.

What is the main difference between SSG and TSLQ?

SSG 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 SSG and 1.17% for TSLQ.

Which has better risk-adjusted returns?

TSLQ currently has the higher Sharpe Ratio (-0.56 vs -1.15), 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.