TSLQ vs. ONEQ
TSLQ (Tradr 2X Short TSLA Daily ETF) and ONEQ (Fidelity Nasdaq Composite Index ETF) are both exchange-traded funds - TSLQ is a Inverse Equities fund actively managed by Tradr, while ONEQ is a Large Cap Growth Equities fund tracking the Nasdaq Composite Index. TSLQ is actively managed, while ONEQ is passively managed. Over the past 3 years, TSLQ returned -65.39%/yr vs 25.75%/yr for ONEQ. At a correlation of -0.60, they often move in opposite directions. TSLQ charges 1.17%/yr vs 0.21%/yr for ONEQ.
Performance
TSLQ vs. ONEQ - Performance Comparison
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Returns By Period
In the year-to-date period, TSLQ achieves a 1.82% return, which is significantly lower than ONEQ's 13.30% return.
TSLQ
- 1D
- -2.22%
- 1M
- 6.08%
- YTD
- 1.82%
- 6M
- 19.91%
- 1Y
- -62.10%
- 3Y*
- -65.39%
- 5Y*
- —
- 10Y*
- —
ONEQ
- 1D
- -1.15%
- 1M
- -0.55%
- YTD
- 13.30%
- 6M
- 12.39%
- 1Y
- 35.91%
- 3Y*
- 25.75%
- 5Y*
- 14.06%
- 10Y*
- 19.90%
TSLQ vs. ONEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLQ Tradr 2X Short TSLA Daily ETF | 1.82% | -74.67% | -83.21% | -59.97% | 61.04% |
ONEQ Fidelity Nasdaq Composite Index ETF | 13.30% | 20.89% | 29.30% | 45.73% | -6.40% |
Correlation
The correlation between TSLQ and ONEQ is -0.59, 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 | -0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | -0.60 |
The correlation between TSLQ and ONEQ has been stable across timeframes, ranging from -0.61 to -0.59 - a consistent structural relationship.
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Return for Risk
TSLQ vs. ONEQ — Risk / Return Rank
TSLQ
ONEQ
TSLQ vs. ONEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short TSLA Daily ETF (TSLQ) and Fidelity Nasdaq Composite Index ETF (ONEQ). 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 | ONEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.36 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.86 | -3.72 |
| Martin ratioReturn relative to average drawdown | -1.11 | 10.89 | -12.00 |
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Drawdowns
TSLQ vs. ONEQ - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -98.73%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for TSLQ and ONEQ.
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Drawdown Indicators
| TSLQ | ONEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.73% | -55.09% | -43.64% |
Max Drawdown (1Y)Largest decline over 1 year | -72.21% | -12.64% | -59.57% |
Max Drawdown (3Y)Largest decline over 3 years | -97.85% | -24.09% | -73.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.23% | — |
Current DrawdownCurrent decline from peak | -98.48% | -3.29% | -95.19% |
Average DrawdownAverage peak-to-trough decline | -67.58% | -7.94% | -59.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.11% | 3.31% | +52.80% |
Volatility
TSLQ vs. ONEQ - Volatility Comparison
Tradr 2X Short TSLA Daily ETF (TSLQ) has a higher volatility of 25.56% compared to Fidelity Nasdaq Composite Index ETF (ONEQ) at 7.25%. This indicates that TSLQ's price experiences larger fluctuations and is considered to be riskier than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLQ | ONEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.56% | 7.25% | +18.31% |
Volatility (6M)Calculated over the trailing 6-month period | 56.10% | 13.53% | +42.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.72% | 17.28% | +71.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.17% | 22.33% | +71.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.17% | 21.81% | +72.36% |
TSLQ vs. ONEQ - Expense Ratio Comparison
TSLQ has a 1.17% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Dividends
TSLQ vs. ONEQ - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 10.38%, more than ONEQ's 0.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ONEQ Fidelity Nasdaq Composite Index ETF | 0.71% | 0.54% | 0.65% | 0.71% | 0.97% | 0.54% | 0.71% | 2.51% | 1.08% | 0.84% | 1.12% | 1.04% |
TSLQ Tradr 2X Short TSLA Daily ETF | 10.38% | 10.56% | 4.95% | 13.35% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLQ and ONEQ have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLQ has higher volatility (25.56%) compared to ONEQ (7.25%). In terms of maximum drawdown, TSLQ dropped -98.73% vs ONEQ's -55.09%.
On 3-year performance, ONEQ leads with 25.75% vs -65.39% for TSLQ. On fees, ONEQ is cheaper at 0.21% per year. On volatility, ONEQ has been the lower-risk option at 7.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ONEQ has performed better with a 25.75% return vs -65.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ONEQ is cheaper with a 0.21% expense ratio, compared with 1.17% for TSLQ.
TSLQ has the higher dividend yield at 10.38%, compared with 0.71% for ONEQ.
TSLQ is categorized as Inverse Equities, while ONEQ is Large Cap Growth Equities. They also come from different issuers: Tradr and Fidelity. Their fees differ too: 1.17% for TSLQ and 0.21% for ONEQ.
ONEQ currently has the higher Sharpe Ratio (2.09 vs -0.70), 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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