TSLQ vs. XSHD
TSLQ (Tradr 2X Short TSLA Daily ETF) and XSHD (Invesco S&P SmallCap High Dividend Low Volatility ETF) are both exchange-traded funds - TSLQ is a Inverse Equities fund actively managed by Tradr, while XSHD is a Volatility Hedged Equity fund tracking the S&P SmallCap 600 Low Volatility High Dividend Index. TSLQ is actively managed, while XSHD is passively managed. Over the past 3 years, TSLQ returned -65.69%/yr vs 1.89%/yr for XSHD. At a correlation of -0.31, they often move in opposite directions. TSLQ charges 1.17%/yr vs 0.30%/yr for XSHD.
Performance
TSLQ vs. XSHD - Performance Comparison
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Returns By Period
In the year-to-date period, TSLQ achieves a -6.50% return, which is significantly lower than XSHD's 13.33% return.
TSLQ
- 1D
- -0.59%
- 1M
- -11.10%
- 6M
- -7.57%
- YTD
- -6.50%
- 1Y
- -64.99%
- 3Y*
- -65.69%
- 5Y*
- —
- 10Y*
- —
XSHD
- 1D
- 0.86%
- 1M
- 2.77%
- 6M
- 9.07%
- YTD
- 13.33%
- 1Y
- 8.84%
- 3Y*
- 1.89%
- 5Y*
- -3.48%
- 10Y*
- —
TSLQ vs. XSHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLQ Tradr 2X Short TSLA Daily ETF | -6.50% | -74.67% | -83.21% | -59.97% | 61.04% |
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 13.33% | -6.41% | -5.25% | 3.00% | -9.48% |
Correlation
The correlation between TSLQ and XSHD is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | -0.31 |
The correlation between TSLQ and XSHD shifts across timeframes, from -0.31 (all time) to -0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSLQ vs. XSHD — Risk / Return Rank
TSLQ
XSHD
TSLQ vs. XSHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short TSLA Daily ETF (TSLQ) and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD). 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 | XSHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.10 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 0.75 | -1.70 |
| Martin ratioReturn relative to average drawdown | -1.21 | 2.04 | -3.25 |
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Drawdowns
TSLQ vs. XSHD - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -98.73%, which is greater than XSHD's maximum drawdown of -49.53%. Use the drawdown chart below to compare losses from any high point for TSLQ and XSHD.
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Drawdown Indicators
| TSLQ | XSHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.73% | -49.53% | -49.20% |
Max Drawdown (1Y)Largest decline over 1 year | -69.32% | -10.51% | -58.81% |
Max Drawdown (3Y)Largest decline over 3 years | -97.85% | -20.77% | -77.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.67% | — |
Current DrawdownCurrent decline from peak | -98.61% | -21.08% | -77.53% |
Average DrawdownAverage peak-to-trough decline | -67.98% | -16.42% | -51.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.24% | 3.90% | +50.34% |
Volatility
TSLQ vs. XSHD - Volatility Comparison
Tradr 2X Short TSLA Daily ETF (TSLQ) has a higher volatility of 35.92% compared to Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) at 4.49%. This indicates that TSLQ's price experiences larger fluctuations and is considered to be riskier than XSHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLQ | XSHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.92% | 4.49% | +31.43% |
Volatility (6M)Calculated over the trailing 6-month period | 62.69% | 10.23% | +52.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.76% | 14.88% | +74.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.89% | 18.83% | +76.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.89% | 22.17% | +72.72% |
TSLQ vs. XSHD - Expense Ratio Comparison
TSLQ has a 1.17% expense ratio, which is higher than XSHD's 0.30% expense ratio.
Dividends
TSLQ vs. XSHD - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 11.30%, more than XSHD's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TSLQ Tradr 2X Short TSLA Daily ETF | 11.30% | 10.56% | 4.95% | 13.35% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 5.03% | 6.45% | 7.25% | 7.62% | 6.77% | 3.86% | 5.55% | 4.88% | 5.49% | 4.11% | 0.41% |
Frequently Asked Questions
TSLQ and XSHD have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLQ has higher volatility (35.92%) compared to XSHD (4.49%). In terms of maximum drawdown, TSLQ dropped -98.73% vs XSHD's -49.53%.
On 3-year performance, XSHD leads with 1.89% vs -65.69% for TSLQ. On fees, XSHD is cheaper at 0.30% per year. On volatility, XSHD has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XSHD has performed better with a 1.89% return vs -65.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSHD is cheaper with a 0.30% expense ratio, compared with 1.17% for TSLQ.
TSLQ has the higher dividend yield at 11.30%, compared with 5.03% for XSHD.
TSLQ is categorized as Inverse Equities, while XSHD is Volatility Hedged Equity. They also come from different issuers: Tradr and Invesco. Their fees differ too: 1.17% for TSLQ and 0.30% for XSHD.
XSHD currently has the higher Sharpe Ratio (0.53 vs -0.74), 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.
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