TSLQ vs. CRSH

Last updated Aug 4, 2026

TSLQ (Tradr 2X Short TSLA Daily ETF) and CRSH (YieldMax Short TSLA Option Income Strategy ETF) are both exchange-traded funds - TSLQ is a Inverse Equities fund actively managed by Tradr, while CRSH is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, TSLQ returned -49.80% vs -8.28% for CRSH. Their 0.96 correlation means they have historically moved very closely together. TSLQ charges 1.17%/yr vs 0.99%/yr for CRSH.

Performance

TSLQ vs. CRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short TSLA Daily ETF (TSLQ) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLQ achieves a 38.93% return, which is significantly higher than CRSH's 23.69% return.

TSLQ

• 1D: -6.90%
• 1M: 35.06%
• 6M: 26.09%
• YTD: 38.93%
• 1Y: -49.80%
• 3Y*: -61.50%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -55.33%

CRSH

• 1D: -2.35%
• 1M: 14.88%
• 6M: 16.23%
• YTD: 23.69%
• 1Y: -8.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -25.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRSH YieldMax Short TSLA Option Income Strategy ETF	$453.60K	$342.77K	$370.28K
TSLQ Tradr 2X Short TSLA Daily ETF	$162.37M	$140.91M	$160.99M

TSLQ vs. CRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLQ Tradr 2X Short TSLA Daily ETF	38.93%	-74.67%	-86.78%
CRSH YieldMax Short TSLA Option Income Strategy ETF	23.69%	-13.40%	-52.42%

Correlation

The correlation between TSLQ and CRSH is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since May 2, 2024	0.96

The correlation between TSLQ and CRSH has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

TSLQ vs. CRSH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSLQ

TSLQ Risk / Return Rank: 5
TSLQ Sharpe Ratio Rank: 5
TSLQ Sortino Ratio Rank: 6
TSLQ Omega Ratio Rank: 6
TSLQ Calmar Ratio Rank: 3
TSLQ Martin Ratio Rank: 5

CRSH

CRSH Risk / Return Rank: 8
CRSH Sharpe Ratio Rank: 8
CRSH Sortino Ratio Rank: 9
CRSH Omega Ratio Rank: 9
CRSH Calmar Ratio Rank: 7
CRSH Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSLQ vs. CRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short TSLA Daily ETF (TSLQ) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). 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.

	TSLQ	CRSH	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	-0.23	-0.31
Sortino ratio: Return per unit of downside risk	-0.41	-0.07	-0.33
Omega ratio: Gain probability vs. loss probability	0.95	0.99	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.73	-0.27	-0.46
Martin ratio: Return relative to average drawdown	-0.92	-0.43	-0.49

TSLQ vs. CRSH - Sharpe Ratio Comparison

The current TSLQ Sharpe Ratio is -0.54, which is lower than the CRSH Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of TSLQ and CRSH, 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

TSLQ vs. CRSH - Drawdown Comparison

The maximum TSLQ drawdown since its inception was -98.73%, which is greater than CRSH's maximum drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for TSLQ and CRSH.

Drawdown Indicators

	TSLQ	CRSH	Difference
Max Drawdown Largest peak-to-trough decline	-98.73%	-63.68%	-35.05%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-30.50%	-37.60%
Max Drawdown (3Y) Largest decline over 3 years	-97.85%	—	—
Current Drawdown Current decline from peak	-97.93%	-51.34%	-46.59%
Average Drawdown Average peak-to-trough decline	-68.45%	-43.99%	-24.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.92%	20.48%	+35.44%

Volatility

TSLQ vs. CRSH - Volatility Comparison

Tradr 2X Short TSLA Daily ETF (TSLQ) has a higher volatility of 36.02% compared to YieldMax Short TSLA Option Income Strategy ETF (CRSH) at 13.43%. This indicates that TSLQ's price experiences larger fluctuations and is considered to be riskier than CRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLQ	CRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.02%	13.43%	+22.59%
Volatility (6M) Calculated over the trailing 6-month period	67.36%	26.57%	+40.79%
Volatility (1Y) Calculated over the trailing 1-year period	92.80%	36.90%	+55.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.65%	47.48%	+48.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.65%	47.48%	+48.17%

TSLQ vs. CRSH - Expense Ratio Comparison

TSLQ has a 1.17% expense ratio, which is higher than CRSH's 0.99% expense ratio.

Dividends

TSLQ vs. CRSH - Dividend Comparison

TSLQ's dividend yield for the trailing twelve months is around 7.60%, less than CRSH's 76.82% yield.

Position	TTM	2025	2024	2023	2022
CRSH YieldMax Short TSLA Option Income Strategy ETF	76.82%	138.78%	94.25%	0.00%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	7.60%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both TSLQ and CRSH in my portfolio?

With a correlation of 0.98, TSLQ and CRSH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSLQ or CRSH?

TSLQ has higher volatility (36.02%) compared to CRSH (13.43%). In terms of maximum drawdown, TSLQ dropped -98.73% vs CRSH's -63.68%.

Which ETF is better, TSLQ or CRSH?

On 1-year performance, CRSH leads with -8.28% vs -49.80% for TSLQ. On fees, CRSH is cheaper at 0.99% per year. On volatility, CRSH has been the lower-risk option at 13.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLQ or CRSH?

Over the 1-year period, CRSH has performed better with a -8.28% return vs -49.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLQ or CRSH?

CRSH is cheaper with a 0.99% expense ratio, compared with 1.17% for TSLQ.

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

CRSH has the higher dividend yield at 76.82%, compared with 7.60% for TSLQ.

What is the main difference between TSLQ and CRSH?

TSLQ is categorized as Inverse Equities, while CRSH is Derivative Income. They also come from different issuers: Tradr and YieldMax. Their fees differ too: 1.17% for TSLQ and 0.99% for CRSH.

Which has better risk-adjusted returns?

CRSH currently has the higher Sharpe Ratio (-0.23 vs -0.54), 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.