TSLQ vs. TSLS
Compare and contrast key facts about AXS TSLA Bear Daily ETF (TSLQ) and Direxion Daily TSLA Bear 1X Shares (TSLS).
TSLQ and TSLS 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. TSLS is a passively managed fund by Direxion that tracks the performance of the Tesla Inc (--100%). It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLQ or TSLS.
Key characteristics
| TSLQ | TSLS | |
|---|---|---|
| YTD Return | -71.07% | -43.76% |
| 1Y Return | -72.47% | -46.52% |
| Sharpe Ratio | -0.76 | -0.81 |
| Sortino Ratio | -1.05 | -1.02 |
| Omega Ratio | 0.84 | 0.86 |
| Calmar Ratio | -0.82 | -0.61 |
| Martin Ratio | -2.26 | -1.59 |
| Ulcer Index | 32.74% | 31.20% |
| Daily Std Dev | 97.32% | 61.14% |
| Max Drawdown | -90.86% | -81.35% |
| Current Drawdown | -89.86% | -80.32% |
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.
Performance
TSLQ vs. TSLS - Performance Comparison
In the year-to-date period, TSLQ achieves a -71.07% return, which is significantly lower than TSLS's -43.76% 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. TSLS - Expense Ratio Comparison
TSLQ has a 1.15% expense ratio, which is higher than TSLS's 1.07% expense ratio.
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.
Dividends
TSLQ vs. TSLS - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 46.13%, more than TSLS's 7.53% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLQ AXS TSLA Bear Daily ETF | 46.13% | 13.35% | 2.56% |
TSLS Direxion Daily TSLA Bear 1X Shares | 7.53% | 4.52% | 3.46% |
Drawdowns
TSLQ vs. TSLS - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -90.86%, which is greater than TSLS's maximum drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for TSLQ and TSLS. For additional features, visit the drawdowns tool.
Volatility
TSLQ vs. TSLS - Volatility Comparison
AXS TSLA Bear Daily ETF (TSLQ) has a higher volatility of 72.53% compared to Direxion Daily TSLA Bear 1X Shares (TSLS) at 32.43%. 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.