TSLQ vs. UVIX

Last updated Jul 14, 2026

TSLQ (Tradr 2X Short TSLA Daily ETF) and UVIX (2x Long VIX Futures ETF) are both exchange-traded funds - TSLQ is a Inverse Equities fund actively managed by Tradr, while UVIX is a Volatility fund tracking the Long VIX Futures Index (200% Daily). TSLQ is actively managed, while UVIX is passively managed. Over the past 3 years, TSLQ returned -64.49%/yr vs -80.58%/yr for UVIX. At a 0.45 correlation, their price movements are largely independent. TSLQ charges 1.17%/yr vs 2.78%/yr for UVIX.

Performance

TSLQ vs. UVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short TSLA Daily ETF (TSLQ) and 2x Long VIX Futures ETF (UVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLQ achieves a -0.50% return, which is significantly higher than UVIX's -47.76% return.

TSLQ

• 1D: 6.42%
• 1M: -1.63%
• 6M: 0.00%
• YTD: -0.50%
• 1Y: -62.74%
• 3Y*: -64.49%
• 5Y*: —
• 10Y*: —

UVIX

• 1D: 5.76%
• 1M: -21.08%
• 6M: -44.45%
• YTD: -47.76%
• 1Y: -84.85%
• 3Y*: -80.58%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLQ vs. UVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TSLQ Tradr 2X Short TSLA Daily ETF	-0.50%	-74.67%	-83.21%	-59.97%	61.04%
UVIX 2x Long VIX Futures ETF	-47.76%	-83.21%	-75.24%	-95.28%	-62.06%

Correlation

The correlation between TSLQ and UVIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.45

Return for Risk

TSLQ vs. UVIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLQ

TSLQ Risk / Return Rank: 3
TSLQ Sharpe Ratio Rank: 4
TSLQ Sortino Ratio Rank: 4
TSLQ Omega Ratio Rank: 4
TSLQ Calmar Ratio Rank: 1
TSLQ Martin Ratio Rank: 4

UVIX

UVIX Risk / Return Rank: 2
UVIX Sharpe Ratio Rank: 3
UVIX Sortino Ratio Rank: 1
UVIX Omega Ratio Rank: 1
UVIX Calmar Ratio Rank: 0
UVIX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLQ vs. UVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short TSLA Daily ETF (TSLQ) and 2x Long VIX Futures ETF (UVIX). 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	UVIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	-0.76	+0.05
Sortino ratio: Return per unit of downside risk	-0.90	-1.59	+0.70
Omega ratio: Gain probability vs. loss probability	0.90	0.82	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.91	-0.99	+0.08
Martin ratio: Return relative to average drawdown	-1.15	-1.38	+0.22

TSLQ vs. UVIX - Sharpe Ratio Comparison

The current TSLQ Sharpe Ratio is -0.70, which is comparable to the UVIX Sharpe Ratio of -0.76. The chart below compares the historical Sharpe Ratios of TSLQ and UVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLQ vs. UVIX - Drawdown Comparison

The maximum TSLQ drawdown since its inception was -98.73%, roughly equal to the maximum UVIX drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for TSLQ and UVIX.

Drawdown Indicators

	TSLQ	UVIX	Difference
Max Drawdown Largest peak-to-trough decline	-98.73%	-99.98%	+1.25%
Max Drawdown (1Y) Largest decline over 1 year	-69.32%	-86.11%	+16.79%
Max Drawdown (3Y) Largest decline over 3 years	-97.85%	-99.40%	+1.55%
Current Drawdown Current decline from peak	-98.52%	-99.98%	+1.46%
Average Drawdown Average peak-to-trough decline	-68.01%	-88.72%	+20.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.39%	61.63%	-7.24%

Volatility

TSLQ vs. UVIX - Volatility Comparison

Tradr 2X Short TSLA Daily ETF (TSLQ) has a higher volatility of 35.69% compared to 2x Long VIX Futures ETF (UVIX) at 27.95%. This indicates that TSLQ's price experiences larger fluctuations and is considered to be riskier than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLQ	UVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.69%	27.95%	+7.74%
Volatility (6M) Calculated over the trailing 6-month period	62.98%	87.63%	-24.65%
Volatility (1Y) Calculated over the trailing 1-year period	89.70%	112.73%	-23.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.90%	135.47%	-40.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.90%	135.47%	-40.57%

TSLQ vs. UVIX - Expense Ratio Comparison

TSLQ has a 1.17% expense ratio, which is lower than UVIX's 2.78% expense ratio.

Dividends

TSLQ vs. UVIX - Dividend Comparison

TSLQ's dividend yield for the trailing twelve months is around 10.62%, while UVIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
TSLQ Tradr 2X Short TSLA Daily ETF	10.62%	10.56%	4.95%	13.35%	2.56%
UVIX 2x Long VIX Futures ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLQ and UVIX in my portfolio?

TSLQ and UVIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLQ or UVIX?

TSLQ has higher volatility (35.69%) compared to UVIX (27.95%). In terms of maximum drawdown, TSLQ dropped -98.73% vs UVIX's -99.98%.

Which ETF is better, TSLQ or UVIX?

On 3-year performance, TSLQ leads with -64.49% vs -80.58% for UVIX. On fees, TSLQ is cheaper at 1.17% per year. On volatility, UVIX has been the lower-risk option at 27.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLQ or UVIX?

Over the 3-year period, TSLQ has performed better with a -64.49% return vs -80.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLQ or UVIX?

TSLQ is cheaper with a 1.17% expense ratio, compared with 2.78% for UVIX.

Which ETF pays a higher dividend yield, TSLQ or UVIX?

TSLQ has the higher dividend yield at 10.62%, compared with 0.00% for UVIX.

What is the main difference between TSLQ and UVIX?

TSLQ is categorized as Inverse Equities, while UVIX is Volatility. They also come from different issuers: Tradr and Volatility Shares. Their fees differ too: 1.17% for TSLQ and 2.78% for UVIX.

Which has better risk-adjusted returns?

TSLQ currently has the higher Sharpe Ratio (-0.70 vs -0.76), 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.