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TSLQ vs. TSLS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TSLQ and TSLS is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

TSLQ vs. TSLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXS TSLA Bear Daily ETF (TSLQ) and Direxion Daily TSLA Bear 1X Shares (TSLS). The values are adjusted to include any dividend payments, if applicable.

-80.00%-60.00%-40.00%-20.00%0.00%20.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
-26.73%
-66.16%
TSLQ
TSLS

Key characteristics

Sharpe Ratio

TSLQ:

-0.01

TSLS:

-0.91

Sortino Ratio

TSLQ:

4.65

TSLS:

-1.29

Omega Ratio

TSLQ:

1.65

TSLS:

0.83

Calmar Ratio

TSLQ:

-0.07

TSLS:

-0.66

Martin Ratio

TSLQ:

-0.18

TSLS:

-1.47

Ulcer Index

TSLQ:

37.55%

TSLS:

38.82%

Daily Std Dev

TSLQ:

531.07%

TSLS:

63.05%

Max Drawdown

TSLQ:

-91.33%

TSLS:

-86.75%

Current Drawdown

TSLQ:

-68.13%

TSLS:

-85.39%

Returns By Period

In the year-to-date period, TSLQ achieves a -9.04% return, which is significantly higher than TSLS's -58.24% return.


TSLQ

YTD

-9.04%

1M

267.50%

6M

-26.73%

1Y

-7.55%

5Y*

N/A

10Y*

N/A

TSLS

YTD

-58.24%

1M

-20.27%

6M

-66.15%

1Y

-57.54%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TSLQ vs. TSLS - Expense Ratio Comparison

TSLQ has a 1.15% expense ratio, which is higher than TSLS's 1.07% expense ratio.


TSLQ
AXS TSLA Bear Daily ETF
Expense ratio chart for TSLQ: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%
Expense ratio chart for TSLS: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%

Risk-Adjusted Performance

TSLQ vs. TSLS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AXS TSLA Bear Daily ETF (TSLQ) and Direxion Daily TSLA Bear 1X Shares (TSLS). 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.


Sharpe ratio
The chart of Sharpe ratio for TSLQ, currently valued at -0.01, compared to the broader market0.002.004.00-0.01-0.91
The chart of Sortino ratio for TSLQ, currently valued at 4.65, compared to the broader market-2.000.002.004.006.008.0010.004.65-1.29
The chart of Omega ratio for TSLQ, currently valued at 1.65, compared to the broader market0.501.001.502.002.503.001.650.83
The chart of Calmar ratio for TSLQ, currently valued at -0.07, compared to the broader market0.005.0010.0015.00-0.07-0.66
The chart of Martin ratio for TSLQ, currently valued at -0.18, compared to the broader market0.0020.0040.0060.0080.00100.00-0.18-1.47
TSLQ
TSLS

The current TSLQ Sharpe Ratio is -0.01, which is higher than the TSLS Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of TSLQ and TSLS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50JulyAugustSeptemberOctoberNovemberDecember
-0.01
-0.91
TSLQ
TSLS

Dividends

TSLQ vs. TSLS - Dividend Comparison

TSLQ's dividend yield for the trailing twelve months is around 20.92%, more than TSLS's 8.08% yield.


TTM20232022
TSLQ
AXS TSLA Bear Daily ETF
20.92%13.35%15.34%
TSLS
Direxion Daily TSLA Bear 1X Shares
8.08%4.52%3.46%

Drawdowns

TSLQ vs. TSLS - Drawdown Comparison

The maximum TSLQ drawdown since its inception was -91.33%, which is greater than TSLS's maximum drawdown of -86.75%. Use the drawdown chart below to compare losses from any high point for TSLQ and TSLS. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%JulyAugustSeptemberOctoberNovemberDecember
-68.13%
-85.39%
TSLQ
TSLS

Volatility

TSLQ vs. TSLS - Volatility Comparison

AXS TSLA Bear Daily ETF (TSLQ) has a higher volatility of 188.26% compared to Direxion Daily TSLA Bear 1X Shares (TSLS) at 17.02%. This indicates that TSLQ's price experiences larger fluctuations and is considered to be riskier than TSLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
188.26%
17.02%
TSLQ
TSLS
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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