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.
Key characteristics
| TSLQ | UVIX | |
|---|---|---|
| YTD Return | -70.71% | -74.14% |
| 1Y Return | -73.81% | -84.58% |
| Sharpe Ratio | -0.77 | -0.56 |
| Sortino Ratio | -1.09 | -1.03 |
| Omega Ratio | 0.84 | 0.88 |
| Calmar Ratio | -0.82 | -0.85 |
| Martin Ratio | -2.31 | -1.33 |
| Ulcer Index | 32.45% | 63.99% |
| Daily Std Dev | 97.40% | 151.32% |
| Max Drawdown | -90.86% | -99.73% |
| Current Drawdown | -89.74% | -99.73% |
Correlation
The correlation between TSLQ and UVIX is 0.41, 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. UVIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with TSLQ having a -70.71% return and UVIX slightly lower at -74.14%. 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. 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 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.
Dividends
TSLQ vs. UVIX - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 45.57%, while UVIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLQ AXS TSLA Bear Daily ETF | 45.57% | 13.35% | 2.56% |
UVIX Volatility Shares 2x Long VIX Futures ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
TSLQ vs. UVIX - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -90.86%, smaller than the maximum UVIX drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for TSLQ and UVIX. For additional features, visit the drawdowns tool.
Volatility
TSLQ vs. UVIX - Volatility Comparison
AXS TSLA Bear Daily ETF (TSLQ) has a higher volatility of 72.58% compared to Volatility Shares 2x Long VIX Futures ETF (UVIX) at 36.55%. 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.