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TESL vs. QLC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TESL vs. QLC

Last updated Jun 24, 2026

TESL (Simplify Volt TSLA Revolution ETF) and QLC (FlexShares US Quality Large Cap Index Fund) are both exchange-traded funds - TESL is a Large Cap Growth Equities fund tracking the Actively Managed, while QLC is a Large Cap Blend Equities fund tracking the Northern Trust Quality Large Cap Index. Both are passively managed. Over the past 5 years, TESL returned 8.82%/yr vs 14.86%/yr for QLC. A 0.62 correlation means they provide meaningful diversification when combined. TESL charges 0.97%/yr vs 0.25%/yr for QLC.

Performance

TESL vs. QLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Volt TSLA Revolution ETF (TESL) and FlexShares US Quality Large Cap Index Fund (QLC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TESL achieves a -12.28% return, which is significantly lower than QLC's 9.59% return.

TESL

1D
-6.80%
1M
-14.12%
YTD
-12.28%
6M
-17.99%
1Y
-31.81%
3Y*
26.19%
5Y*
8.82%
10Y*
—

QLC

1D
-1.12%
1M
-0.37%
YTD
9.59%
6M
8.51%
1Y
29.38%
3Y*
23.96%
5Y*
14.86%
10Y*
14.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TESL vs. QLC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TESL
Simplify Volt TSLA Revolution ETF		-12.28%-14.73%152.27%58.33%-61.11%18.52%2.57%
QLC
FlexShares US Quality Large Cap Index Fund		9.59%23.26%26.71%26.02%-17.21%28.46%0.28%

Correlation

The correlation between TESL and QLC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Dec 29, 2020

0.62

The correlation between TESL and QLC shifts across timeframes, from 0.51 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

TESL vs. QLC - Sectors Allocation Comparison

Sectors
TESL
QLC

Consumer Cyclical

100.0%
7.8%

Basic Materials

-

2.0%

Communication Services

-

13.0%

Consumer Defensive

-

3.0%

Energy

-

2.0%

Financial Services

-

13.2%

Healthcare

-

9.6%

Industrials

-

6.3%

Real Estate

-

2.1%

Technology

-

37.8%

Utilities

-

3.1%

Consumer Cyclical

TESL
100.0%
QLC
7.8%

Basic Materials

TESL

-

QLC
2.0%

Communication Services

TESL

-

QLC
13.0%

Consumer Defensive

TESL

-

QLC
3.0%

Energy

TESL

-

QLC
2.0%

Financial Services

TESL

-

QLC
13.2%

Healthcare

TESL

-

QLC
9.6%

Industrials

TESL

-

QLC
6.3%

Real Estate

TESL

-

QLC
2.1%

Technology

TESL

-

QLC
37.8%

Utilities

TESL

-

QLC
3.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Simplify Volt TSLA Revolution ETF

FlexShares US Quality Large Cap Index Fund

Often compared with TESL:
TESL vs. TSIITESL vs. TSLLTESL vs. ILCBTESL vs. AGGHTESL vs. MFUSTESL vs. MEMETESL vs. SGRT
Often compared with QLC:
QLC vs. VOOQLC vs. QQQMQLC vs. SPHQQLC vs. BDGSQLC vs. ESMVQLC vs. AUSFQLC vs. JQUA

Return for Risk

TESL vs. QLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TESL
TESL Risk / Return Rank: 55
Overall Rank
TESL Sharpe Ratio Rank: 44
Sharpe Ratio Rank
TESL Sortino Ratio Rank: 55
Sortino Ratio Rank
TESL Omega Ratio Rank: 55
Omega Ratio Rank
TESL Calmar Ratio Rank: 44
Calmar Ratio Rank
TESL Martin Ratio Rank: 55
Martin Ratio Rank
QLC
QLC Risk / Return Rank: 7575
Overall Rank
QLC Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QLC Sortino Ratio Rank: 7575
Sortino Ratio Rank
QLC Omega Ratio Rank: 7373
Omega Ratio Rank
QLC Calmar Ratio Rank: 7070
Calmar Ratio Rank
QLC Martin Ratio Rank: 8181
Martin Ratio Rank
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.

TESL vs. QLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Volt TSLA Revolution ETF (TESL) and FlexShares US Quality Large Cap Index Fund (QLC). 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.

TESLQLCDifference
Sharpe ratioReturn per unit of total volatility
-0.57
2.28

-2.85

Sortino ratioReturn per unit of downside risk
-0.56
3.13

-3.68

Omega ratioGain probability vs. loss probability

0.93

1.41

-0.47

Calmar ratioReturn relative to maximum drawdown

-0.57

3.34

-3.91

Martin ratioReturn relative to average drawdown

-0.98

15.18

-16.15

TESL vs. QLC - Sharpe Ratio Comparison

The current TESL Sharpe Ratio is -0.57, which is lower than the QLC Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of TESL and QLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TESL vs. QLC - Drawdown Comparison

The maximum TESL drawdown since its inception was -69.11%, which is greater than QLC's maximum drawdown of -35.86%. Use the drawdown chart below to compare losses from any high point for TESL and QLC.

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Drawdown Indicators

TESLQLCDifference

Max Drawdown

Largest peak-to-trough decline

-69.11%

-35.86%

-33.25%

Max Drawdown (1Y)

Largest decline over 1 year

-56.12%

-8.84%

-47.28%

Max Drawdown (3Y)

Largest decline over 3 years

-56.12%

-18.49%

-37.63%

Max Drawdown (5Y)

Largest decline over 5 years

-69.11%

-23.81%

-45.30%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.86%

—

Current Drawdown

Current decline from peak

-45.57%

-2.34%

-43.23%

Average Drawdown

Average peak-to-trough decline

-37.71%

-4.52%

-33.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

32.64%

1.94%

+30.70%

Volatility

TESL vs. QLC - Volatility Comparison

Simplify Volt TSLA Revolution ETF (TESL) has a higher volatility of 15.88% compared to FlexShares US Quality Large Cap Index Fund (QLC) at 4.81%. This indicates that TESL's price experiences larger fluctuations and is considered to be riskier than QLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TESLQLCDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.88%

4.81%

+11.07%

Volatility (6M)

Calculated over the trailing 6-month period

41.68%

10.33%

+31.35%

Volatility (1Y)

Calculated over the trailing 1-year period

57.85%

12.98%

+44.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.05%

16.92%

+34.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

50.14%

18.46%

+31.68%

TESL vs. QLC - Expense Ratio Comparison

TESL has a 0.97% expense ratio, which is higher than QLC's 0.25% expense ratio.

Dividends

TESL vs. QLC - Dividend Comparison

TESL's dividend yield for the trailing twelve months is around 26.22%, more than QLC's 0.95% yield.

PositionTTM20252024202320222021202020192018201720162015
QLC
FlexShares US Quality Large Cap Index Fund		0.95%0.94%1.03%1.26%1.46%0.96%1.40%1.91%1.82%1.29%1.80%0.64%
TESL
Simplify Volt TSLA Revolution ETF		26.22%23.87%0.62%0.00%0.83%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TESL and QLC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TESL has higher volatility (15.88%) compared to QLC (4.81%). In terms of maximum drawdown, TESL dropped -69.11% vs QLC's -35.86%.

On 5-year performance, QLC leads with 14.86% vs 8.82% for TESL. On fees, QLC is cheaper at 0.25% per year. On volatility, QLC has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QLC has performed better with a 14.86% return vs 8.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QLC is cheaper with a 0.25% expense ratio, compared with 0.97% for TESL.

TESL has the higher dividend yield at 26.22%, compared with 0.95% for QLC.

TESL is categorized as Large Cap Growth Equities, while QLC is Large Cap Blend Equities. TESL tracks Actively Managed, while QLC tracks Northern Trust Quality Large Cap Index. They also come from different issuers: Simplify and Northern Trust. Their fees differ too: 0.97% for TESL and 0.25% for QLC.

QLC currently has the higher Sharpe Ratio (2.28 vs -0.57), 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.

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