TSLG vs. CEFD
Compare and contrast key facts about Leverage Shares 2X Long TSLA Daily ETF (TSLG) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD).
TSLG and CEFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020.
Performance
TSLG vs. CEFD - Performance Comparison
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TSLG vs. CEFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLG Leverage Shares 2X Long TSLA Daily ETF | -35.84% | -26.70% | -16.81% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | -3.73% | 14.15% | -3.30% |
Returns By Period
In the year-to-date period, TSLG achieves a -35.84% return, which is significantly lower than CEFD's -3.73% return.
TSLG
- 1D
- 9.07%
- 1M
- -16.83%
- YTD
- -35.84%
- 6M
- -39.88%
- 1Y
- 34.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEFD
- 1D
- 1.63%
- 1M
- -6.56%
- YTD
- -3.73%
- 6M
- -3.27%
- 1Y
- 9.83%
- 3Y*
- 11.64%
- 5Y*
- 2.72%
- 10Y*
- —
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TSLG vs. CEFD - Expense Ratio Comparison
TSLG has a 0.75% expense ratio, which is lower than CEFD's 0.95% expense ratio.
Return for Risk
TSLG vs. CEFD — Risk / Return Rank
TSLG
CEFD
TSLG vs. CEFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSLA Daily ETF (TSLG) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD). 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.
| TSLG | CEFD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 0.48 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.26 | 0.77 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.62 | -0.03 |
Martin ratioReturn relative to average drawdown | 1.27 | 2.80 | -1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLG | CEFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.48 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | 0.42 | -0.86 |
Correlation
The correlation between TSLG and CEFD is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TSLG vs. CEFD - Dividend Comparison
TSLG's dividend yield for the trailing twelve months is around 10.20%, less than CEFD's 15.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TSLG Leverage Shares 2X Long TSLA Daily ETF | 10.20% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 15.83% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% |
Drawdowns
TSLG vs. CEFD - Drawdown Comparison
The maximum TSLG drawdown since its inception was -82.86%, which is greater than CEFD's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for TSLG and CEFD.
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Drawdown Indicators
| TSLG | CEFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -36.95% | -45.91% |
Max Drawdown (1Y)Largest decline over 1 year | -50.92% | -16.13% | -34.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.95% | — |
Current DrawdownCurrent decline from peak | -67.59% | -7.31% | -60.28% |
Average DrawdownAverage peak-to-trough decline | -58.04% | -12.01% | -46.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.82% | 3.59% | +20.23% |
Volatility
TSLG vs. CEFD - Volatility Comparison
Leverage Shares 2X Long TSLA Daily ETF (TSLG) has a higher volatility of 22.28% compared to ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) at 8.79%. This indicates that TSLG's price experiences larger fluctuations and is considered to be riskier than CEFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLG | CEFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.28% | 8.79% | +13.49% |
Volatility (6M)Calculated over the trailing 6-month period | 59.35% | 10.94% | +48.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.61% | 20.68% | +89.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.00% | 17.84% | +101.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.00% | 17.41% | +101.59% |