TSLQ vs. QYLG
TSLQ (Tradr 2X Short TSLA Daily ETF) and QYLG (Global X Nasdaq 100 Covered Call & Growth ETF) are both exchange-traded funds - TSLQ is a Inverse Equities fund actively managed by Tradr, while QYLG is a Nasdaq-100 fund tracking the CBOE Nasdaq-100 BuyWrite V2 Index. TSLQ is actively managed, while QYLG is passively managed. Over the past 3 years, TSLQ returned -60.20%/yr vs 17.42%/yr for QYLG. Their -0.58 correlation means they have often moved in opposite directions in the past. TSLQ charges 1.17%/yr vs 0.60%/yr for QYLG.
Performance
TSLQ vs. QYLG - Performance Comparison
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Returns By Period
In the year-to-date period, TSLQ achieves a 49.23% return, which is significantly higher than QYLG's 10.36% return.
TSLQ
- 1D
- -1.53%
- 1M
- 45.07%
- 6M
- 40.85%
- YTD
- 49.23%
- 1Y
- -46.08%
- 3Y*
- -60.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.61%
QYLG
- 1D
- 0.84%
- 1M
- -2.12%
- 6M
- 8.81%
- YTD
- 10.36%
- 1Y
- 23.14%
- 3Y*
- 17.42%
- 5Y*
- 11.09%
- 10Y*
- —
- ALL TIME*
- 13.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.64M | $1.48M | $1.35M | |
| $162.68M | $148.83M | $161.26M |
TSLQ vs. QYLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLQ Tradr 2X Short TSLA Daily ETF | 49.23% | -74.67% | -83.21% | -59.97% | 61.04% |
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 10.36% | 15.29% | 22.02% | 38.73% | -5.87% |
Correlation
The correlation between TSLQ and QYLG is -0.68, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.68 |
Correlation (3Y) Balances recent behavior with more history. | -0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | -0.58 |
The correlation between TSLQ and QYLG has been stable across timeframes, ranging from -0.68 to -0.58 - a consistent structural relationship.
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Return for Risk
TSLQ vs. QYLG — Risk / Return Rank
TSLQ
QYLG
TSLQ vs. QYLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short TSLA Daily ETF (TSLQ) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). 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 | QYLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.26 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 2.55 | -3.19 |
| Martin ratioReturn relative to average drawdown | -0.79 | 9.39 | -10.18 |
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Drawdowns
TSLQ vs. QYLG - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -98.73%, which is greater than QYLG's maximum drawdown of -29.98%. Use the drawdown chart below to compare losses from any high point for TSLQ and QYLG.
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Drawdown Indicators
| TSLQ | QYLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.73% | -29.98% | -68.75% |
Max Drawdown (1Y)Largest decline over 1 year | -69.32% | -8.42% | -60.90% |
Max Drawdown (3Y)Largest decline over 3 years | -97.85% | -20.75% | -77.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.98% | — |
Current DrawdownCurrent decline from peak | -97.78% | -4.69% | -93.09% |
Average DrawdownAverage peak-to-trough decline | -68.42% | -6.32% | -62.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.83% | 2.29% | +53.54% |
Volatility
TSLQ vs. QYLG - Volatility Comparison
Tradr 2X Short TSLA Daily ETF (TSLQ) has a higher volatility of 36.98% compared to Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) at 5.92%. This indicates that TSLQ's price experiences larger fluctuations and is considered to be riskier than QYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLQ | QYLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.98% | 5.92% | +31.06% |
Volatility (6M)Calculated over the trailing 6-month period | 67.32% | 12.85% | +54.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.69% | 15.01% | +77.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.64% | 18.38% | +77.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.64% | 18.08% | +77.56% |
TSLQ vs. QYLG - Expense Ratio Comparison
TSLQ has a 1.17% expense ratio, which is higher than QYLG's 0.60% expense ratio.
Dividends
TSLQ vs. QYLG - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 7.08%, less than QYLG's 17.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
QYLG Global X Nasdaq 100 Covered Call & Growth ETF | 17.61% | 17.93% | 25.27% | 5.43% | 6.91% | 10.15% | 1.44% |
TSLQ Tradr 2X Short TSLA Daily ETF | 7.08% | 10.56% | 4.95% | 13.35% | 2.56% | 0.00% | 0.00% |
Frequently Asked Questions
TSLQ and QYLG have a correlation of -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLQ has higher volatility (36.98%) compared to QYLG (5.92%). In terms of maximum drawdown, TSLQ dropped -98.73% vs QYLG's -29.98%.
On 3-year performance, QYLG leads with 17.42% vs -60.20% for TSLQ. On fees, QYLG is cheaper at 0.60% per year. On volatility, QYLG has been the lower-risk option at 5.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QYLG has performed better with a 17.42% return vs -60.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QYLG is cheaper with a 0.60% expense ratio, compared with 1.17% for TSLQ.
QYLG has the higher dividend yield at 17.61%, compared with 7.08% for TSLQ.
TSLQ is categorized as Inverse Equities, while QYLG is Nasdaq-100. They also come from different issuers: Tradr and Global X. Their fees differ too: 1.17% for TSLQ and 0.60% for QYLG.
QYLG currently has the higher Sharpe Ratio (1.43 vs -0.48), 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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