TSLQ vs. UVIX
Compare and contrast key facts about AXS TSLA Bear Daily ETF (TSLQ) and Volatility Shares 2x Long VIX Futures ETF (UVIX).
TSLQ and UVIX 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. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLQ or UVIX.
Correlation
The correlation between TSLQ and UVIX is -0.40. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TSLQ vs. UVIX - Performance Comparison
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Key characteristics
TSLQ:
91.53%
UVIX:
105.77%
TSLQ:
-15.59%
UVIX:
-14.03%
TSLQ:
-15.59%
UVIX:
-14.03%
Returns By Period
TSLQ
N/A
N/A
N/A
N/A
N/A
N/A
UVIX
N/A
N/A
N/A
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N/A
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TSLQ vs. UVIX - Expense Ratio Comparison
TSLQ has a 1.15% expense ratio, which is lower than UVIX's 2.78% expense ratio.
Risk-Adjusted Performance
TSLQ vs. UVIX — Risk-Adjusted Performance Rank
TSLQ
UVIX
TSLQ vs. UVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AXS TSLA Bear Daily ETF (TSLQ) and Volatility Shares 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.
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Dividends
TSLQ vs. UVIX - Dividend Comparison
Neither TSLQ nor UVIX has paid dividends to shareholders.
Drawdowns
TSLQ vs. UVIX - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -15.59%, which is greater than UVIX's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for TSLQ and UVIX. For additional features, visit the drawdowns tool.
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Volatility
TSLQ vs. UVIX - Volatility Comparison
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