TSLG vs. MQQQ

Last updated Jul 17, 2026

TSLG (Leverage Shares 2X Long TSLA Daily ETF) and MQQQ (Tradr 2X Long Triple Q Monthly ETF) are both Leveraged Equities funds. TSLG is actively managed, while MQQQ is passively managed. Over the past year, TSLG returned 7.16% vs 44.94% for MQQQ. A 0.65 correlation means they provide meaningful diversification when combined. TSLG charges 0.75%/yr vs 1.30%/yr for MQQQ.

Performance

TSLG vs. MQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long TSLA Daily ETF (TSLG) and Tradr 2X Long Triple Q Monthly ETF (MQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLG achieves a -36.05% return, which is significantly lower than MQQQ's 23.47% return.

TSLG

• 1D: -1.97%
• 1M: -10.11%
• 6M: -32.12%
• YTD: -36.05%
• 1Y: 7.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MQQQ

• 1D: -3.43%
• 1M: -7.16%
• 6M: 21.25%
• YTD: 23.47%
• 1Y: 44.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLG vs. MQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLG Leverage Shares 2X Long TSLA Daily ETF	-36.05%	-26.70%	-14.82%
MQQQ Tradr 2X Long Triple Q Monthly ETF	23.47%	31.67%	-5.71%

Correlation

The correlation between TSLG and MQQQ is 0.63, 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	0.63
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.65

The correlation between TSLG and MQQQ has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.

Return for Risk

TSLG vs. MQQQ — Risk / Return Rank

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

TSLG

TSLG Risk / Return Rank: 13
TSLG Sharpe Ratio Rank: 11
TSLG Sortino Ratio Rank: 17
TSLG Omega Ratio Rank: 16
TSLG Calmar Ratio Rank: 11
TSLG Martin Ratio Rank: 11

MQQQ

MQQQ Risk / Return Rank: 42
MQQQ Sharpe Ratio Rank: 42
MQQQ Sortino Ratio Rank: 39
MQQQ Omega Ratio Rank: 39
MQQQ Calmar Ratio Rank: 43
MQQQ Martin Ratio Rank: 46

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.

TSLG vs. MQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSLA Daily ETF (TSLG) and Tradr 2X Long Triple Q Monthly ETF (MQQQ). 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.

	TSLG	MQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.21	-1.13
Sortino ratio: Return per unit of downside risk	0.76	1.70	-0.94
Omega ratio: Gain probability vs. loss probability	1.09	1.22	-0.13
Calmar ratio: Return relative to maximum drawdown	0.13	1.79	-1.66
Martin ratio: Return relative to average drawdown	0.25	6.01	-5.76

TSLG vs. MQQQ - Sharpe Ratio Comparison

The current TSLG Sharpe Ratio is 0.08, which is lower than the MQQQ Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of TSLG and MQQQ, 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

TSLG vs. MQQQ - Drawdown Comparison

The maximum TSLG drawdown since its inception was -82.86%, which is greater than MQQQ's maximum drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for TSLG and MQQQ.

Drawdown Indicators

	TSLG	MQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-82.86%	-42.16%	-40.70%
Max Drawdown (1Y) Largest decline over 1 year	-54.61%	-25.23%	-29.38%
Current Drawdown Current decline from peak	-67.70%	-11.38%	-56.32%
Average Drawdown Average peak-to-trough decline	-59.06%	-7.19%	-51.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.85%	7.50%	+21.35%

Volatility

TSLG vs. MQQQ - Volatility Comparison

Leverage Shares 2X Long TSLA Daily ETF (TSLG) has a higher volatility of 33.68% compared to Tradr 2X Long Triple Q Monthly ETF (MQQQ) at 14.72%. This indicates that TSLG's price experiences larger fluctuations and is considered to be riskier than MQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLG	MQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.68%	14.72%	+18.96%
Volatility (6M) Calculated over the trailing 6-month period	62.59%	30.82%	+31.77%
Volatility (1Y) Calculated over the trailing 1-year period	89.39%	37.35%	+52.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.26%	44.43%	+70.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.26%	44.43%	+70.83%

TSLG vs. MQQQ - Expense Ratio Comparison

TSLG has a 0.75% expense ratio, which is lower than MQQQ's 1.30% expense ratio.

Dividends

TSLG vs. MQQQ - Dividend Comparison

TSLG's dividend yield for the trailing twelve months is around 10.24%, more than MQQQ's 1.63% yield.

Position	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.63%	2.02%	0.02%
TSLG Leverage Shares 2X Long TSLA Daily ETF	10.24%	6.55%	0.00%

Frequently Asked Questions

Can I hold both TSLG and MQQQ in my portfolio?

TSLG and MQQQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLG or MQQQ?

TSLG has higher volatility (33.68%) compared to MQQQ (14.72%). In terms of maximum drawdown, TSLG dropped -82.86% vs MQQQ's -42.16%.

Which ETF is better, TSLG or MQQQ?

On 1-year performance, MQQQ leads with 44.94% vs 7.16% for TSLG. On fees, TSLG is cheaper at 0.75% per year. On volatility, MQQQ has been the lower-risk option at 14.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLG or MQQQ?

Over the 1-year period, MQQQ has performed better with a 44.94% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLG or MQQQ?

TSLG is cheaper with a 0.75% expense ratio, compared with 1.30% for MQQQ.

Which ETF pays a higher dividend yield, TSLG or MQQQ?

TSLG has the higher dividend yield at 10.24%, compared with 1.63% for MQQQ.

What is the main difference between TSLG and MQQQ?

They also come from different issuers: Leverage Shares and AXS. Their fees differ too: 0.75% for TSLG and 1.30% for MQQQ.

Which has better risk-adjusted returns?

MQQQ currently has the higher Sharpe Ratio (1.21 vs 0.08), 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.