TSLQ vs. SSG
Compare and contrast key facts about AXS TSLA Bear Daily ETF (TSLQ) and Proshares Ultrashort Semiconductors (SSG).
TSLQ and SSG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022. SSG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (-200%). It was launched on Jan 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLQ or SSG.
Key characteristics
| TSLQ | SSG | |
|---|---|---|
| YTD Return | -73.93% | -78.85% |
| 1Y Return | -77.67% | -83.38% |
| Sharpe Ratio | -0.81 | -1.03 |
| Sortino Ratio | -1.27 | -2.48 |
| Omega Ratio | 0.81 | 0.73 |
| Calmar Ratio | -0.86 | -0.85 |
| Martin Ratio | -2.43 | -1.32 |
| Ulcer Index | 32.23% | 63.96% |
| Daily Std Dev | 96.75% | 81.73% |
| Max Drawdown | -90.86% | -100.00% |
| Current Drawdown | -90.86% | -100.00% |
Correlation
The correlation between TSLQ and SSG is 0.46, 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.
Performance
TSLQ vs. SSG - Performance Comparison
In the year-to-date period, TSLQ achieves a -73.93% return, which is significantly higher than SSG's -78.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSLQ vs. SSG - Expense Ratio Comparison
TSLQ has a 1.15% expense ratio, which is higher than SSG's 0.95% expense ratio.
Risk-Adjusted Performance
TSLQ vs. SSG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AXS TSLA Bear Daily ETF (TSLQ) and Proshares Ultrashort Semiconductors (SSG). 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.
Dividends
TSLQ vs. SSG - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 51.19%, more than SSG's 4.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TSLQ AXS TSLA Bear Daily ETF | 51.19% | 13.35% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% |
SSG Proshares Ultrashort Semiconductors | 4.14% | 4.40% | 0.07% | 0.00% | 0.34% | 1.55% | 0.40% |
Drawdowns
TSLQ vs. SSG - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -90.86%, smaller than the maximum SSG drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TSLQ and SSG. For additional features, visit the drawdowns tool.
Volatility
TSLQ vs. SSG - Volatility Comparison
AXS TSLA Bear Daily ETF (TSLQ) has a higher volatility of 70.52% compared to Proshares Ultrashort Semiconductors (SSG) at 22.71%. This indicates that TSLQ's price experiences larger fluctuations and is considered to be riskier than SSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.