TSLD.L vs. WM
TSLD.L (IncomeShares Tesla TSLA Options ETP GBP) is Derivative Income fund actively managed by Leverage Shares, while WM (Waste Management, Inc.) is a stock. Over the past year, TSLD.L returned 5.04% vs 5.13% for WM. At a correlation of -0.12, they often move in opposite directions.
Performance
TSLD.L vs. WM - Performance Comparison
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Different Trading Currencies
TSLD.L is traded in GBp, while WM is traded in USD. To make them comparable, the WM values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSLD.L achieves a -24.50% return, which is significantly lower than WM's 5.67% return.
TSLD.L
- 1D
- 0.00%
- 1M
- -10.93%
- YTD
- -24.50%
- 6M
- -28.39%
- 1Y
- 5.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WM
- 1D
- 1.09%
- 1M
- 6.90%
- YTD
- 5.67%
- 6M
- 5.20%
- 1Y
- 5.13%
- 3Y*
- 10.56%
- 5Y*
- 13.01%
- 10Y*
- 15.58%
TSLD.L vs. WM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLD.L IncomeShares Tesla TSLA Options ETP GBP | -24.50% | 7.88% | -8.70% |
WM Waste Management, Inc. | 5.67% | 2.63% | 2.35% |
Correlation
The correlation between TSLD.L and WM is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024 | -0.12 |
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Return for Risk
TSLD.L vs. WM — Risk / Return Rank
TSLD.L
WM
TSLD.L vs. WM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Tesla TSLA Options ETP GBP (TSLD.L) and Waste Management, Inc. (WM). 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.
| TSLD.L | WM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.35 | -0.23 |
| Martin ratioReturn relative to average drawdown | 0.19 | 0.67 | -0.48 |
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Drawdowns
TSLD.L vs. WM - Drawdown Comparison
The maximum TSLD.L drawdown since its inception was -45.93%, which is greater than WM's maximum drawdown of -30.43%. Use the drawdown chart below to compare losses from any high point for TSLD.L and WM.
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Drawdown Indicators
| TSLD.L | WM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.93% | -30.43% | -15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -44.39% | -14.88% | -29.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.92% | — |
Current DrawdownCurrent decline from peak | -40.89% | -6.47% | -34.42% |
Average DrawdownAverage peak-to-trough decline | -25.99% | -7.04% | -18.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.19% | 7.62% | +18.57% |
Volatility
TSLD.L vs. WM - Volatility Comparison
IncomeShares Tesla TSLA Options ETP GBP (TSLD.L) has a higher volatility of 10.02% compared to Waste Management, Inc. (WM) at 7.24%. This indicates that TSLD.L's price experiences larger fluctuations and is considered to be riskier than WM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLD.L | WM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 7.24% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 25.08% | 15.77% | +9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.70% | 20.56% | +34.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.62% | 19.60% | +35.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.62% | 20.56% | +34.06% |
Dividends
TSLD.L vs. WM - Dividend Comparison
TSLD.L's dividend yield for the trailing twelve months is around 35.25%, more than WM's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLD.L IncomeShares Tesla TSLA Options ETP GBP | 35.25% | 58.23% | 4.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WM Waste Management, Inc. | 1.57% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Frequently Asked Questions
TSLD.L and WM have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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