TSLS vs. QQMG
TSLS (Direxion Daily TSLA Bear 1X ETF) and QQMG (Invesco ESG NASDAQ 100 ETF) are both exchange-traded funds - TSLS is a Inverse Equities fund tracking the Tesla, Inc. (-100% Daily), while QQMG is a Nasdaq-100 fund tracking the Nasdaq-100 ESG Total Return Index. Both are passively managed. Over the past 3 years, TSLS returned -27.51%/yr vs 23.28%/yr for QQMG. Their -0.59 correlation means they have often moved in opposite directions in the past. TSLS charges 0.95%/yr vs 0.20%/yr for QQMG.
Performance
TSLS vs. QQMG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSLS achieves a 33.30% return, which is significantly higher than QQMG's 13.63% return.
TSLS
- 1D
- -0.74%
- 1M
- 22.65%
- 6M
- 27.99%
- YTD
- 33.30%
- 1Y
- -14.97%
- 3Y*
- -27.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -25.22%
QQMG
- 1D
- 0.77%
- 1M
- -2.81%
- 6M
- 12.56%
- YTD
- 13.63%
- 1Y
- 26.88%
- 3Y*
- 23.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $914.06K | $1.31M | $1.13M | |
| $28.97M | $27.46M | $30.88M |
TSLS vs. QQMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X ETF | 33.30% | -34.95% | -55.71% | -60.12% | 105.60% |
QQMG Invesco ESG NASDAQ 100 ETF | 13.63% | 22.16% | 25.66% | 55.00% | -14.90% |
Correlation
The correlation between TSLS and QQMG is -0.66, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.66 |
Correlation (3Y) Balances recent behavior with more history. | -0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.59 |
The correlation between TSLS and QQMG has been stable across timeframes, ranging from -0.66 to -0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSLS vs. QQMG — Risk / Return Rank
TSLS
QQMG
TSLS vs. QQMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X ETF (TSLS) and Invesco ESG NASDAQ 100 ETF (QQMG). 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.
| TSLS | QQMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.21 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.95 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.45 | 6.22 | -6.67 |
Loading charts...
Drawdowns
TSLS vs. QQMG - Drawdown Comparison
The maximum TSLS drawdown since its inception was -90.73%, which is greater than QQMG's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for TSLS and QQMG.
Loading charts...
Drawdown Indicators
| TSLS | QQMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.73% | -35.43% | -55.30% |
Max Drawdown (1Y)Largest decline over 1 year | -41.36% | -12.67% | -28.69% |
Max Drawdown (3Y)Largest decline over 3 years | -84.16% | -22.79% | -61.37% |
Current DrawdownCurrent decline from peak | -86.56% | -7.14% | -79.42% |
Average DrawdownAverage peak-to-trough decline | -64.44% | -9.44% | -55.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.53% | 3.96% | +25.57% |
Volatility
TSLS vs. QQMG - Volatility Comparison
Direxion Daily TSLA Bear 1X ETF (TSLS) has a higher volatility of 19.07% compared to Invesco ESG NASDAQ 100 ETF (QQMG) at 7.21%. This indicates that TSLS's price experiences larger fluctuations and is considered to be riskier than QQMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSLS | QQMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.07% | 7.21% | +11.86% |
Volatility (6M)Calculated over the trailing 6-month period | 33.98% | 16.64% | +17.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.81% | 20.09% | +26.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.98% | 23.81% | +35.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.98% | 23.81% | +35.17% |
TSLS vs. QQMG - Expense Ratio Comparison
TSLS has a 0.95% expense ratio, which is higher than QQMG's 0.20% expense ratio.
Dividends
TSLS vs. QQMG - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 2.36%, more than QQMG's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
QQMG Invesco ESG NASDAQ 100 ETF | 0.38% | 0.41% | 0.50% | 0.60% | 0.82% | 0.08% |
TSLS Direxion Daily TSLA Bear 1X ETF | 2.36% | 4.30% | 7.62% | 4.52% | 3.46% | 0.00% |
Frequently Asked Questions
TSLS and QQMG have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLS has higher volatility (19.07%) compared to QQMG (7.21%). In terms of maximum drawdown, TSLS dropped -90.73% vs QQMG's -35.43%.
On 3-year performance, QQMG leads with 23.28% vs -27.51% for TSLS. On fees, QQMG is cheaper at 0.20% per year. On volatility, QQMG has been the lower-risk option at 7.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QQMG has performed better with a 23.28% return vs -27.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQMG is cheaper with a 0.20% expense ratio, compared with 0.95% for TSLS.
TSLS has the higher dividend yield at 2.36%, compared with 0.38% for QQMG.
TSLS is categorized as Inverse Equities, while QQMG is Nasdaq-100. TSLS tracks Tesla, Inc. (-100% Daily), while QQMG tracks Nasdaq-100 ESG Total Return Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.95% for TSLS and 0.20% for QQMG.
QQMG currently has the higher Sharpe Ratio (1.23 vs -0.28), 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.
Find the right allocation for TSLS and QQMG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer