USD vs. TSLG
USD (ProShares Ultra Semiconductors) and TSLG (Leverage Shares 2X Long TSLA Daily ETF) are both Leveraged Equities funds. USD is passively managed, while TSLG is actively managed. Over the past year, USD returned 108.17% vs 7.16% for TSLG. A 0.50 correlation means they provide meaningful diversification when combined. USD charges 0.95%/yr vs 0.75%/yr for TSLG.
Performance
USD vs. TSLG - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 63.25% return, which is significantly higher than TSLG's -36.05% return.
USD
- 1D
- -7.37%
- 1M
- -12.52%
- 6M
- 51.62%
- YTD
- 63.25%
- 1Y
- 108.17%
- 3Y*
- 94.08%
- 5Y*
- 61.69%
- 10Y*
- 56.23%
TSLG
- 1D
- -1.97%
- 1M
- -10.11%
- 6M
- -32.12%
- YTD
- -36.05%
- 1Y
- 7.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD vs. TSLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USD ProShares Ultra Semiconductors | 63.25% | 62.08% | 2.41% |
TSLG Leverage Shares 2X Long TSLA Daily ETF | -36.05% | -26.70% | -14.82% |
Correlation
The correlation between USD and TSLG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | 0.50 |
The correlation between USD and TSLG has been stable across timeframes, ranging from 0.48 to 0.50 - a consistent structural relationship.
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Return for Risk
USD vs. TSLG — Risk / Return Rank
USD
TSLG
USD vs. TSLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and Leverage Shares 2X Long TSLA Daily ETF (TSLG). 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.
| USD | TSLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 0.13 | +3.29 |
| Martin ratioReturn relative to average drawdown | 8.81 | 0.25 | +8.56 |
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Drawdowns
USD vs. TSLG - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than TSLG's maximum drawdown of -82.86%. Use the drawdown chart below to compare losses from any high point for USD and TSLG.
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Drawdown Indicators
| USD | TSLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -82.86% | -5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -54.61% | +22.81% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | — | — |
Current DrawdownCurrent decline from peak | -24.58% | -67.70% | +43.12% |
Average DrawdownAverage peak-to-trough decline | -32.25% | -59.06% | +26.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.32% | 28.85% | -16.53% |
Volatility
USD vs. TSLG - Volatility Comparison
The current volatility for ProShares Ultra Semiconductors (USD) is 30.75%, while Leverage Shares 2X Long TSLA Daily ETF (TSLG) has a volatility of 33.68%. This indicates that USD experiences smaller price fluctuations and is considered to be less risky than TSLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | TSLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.75% | 33.68% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 58.47% | 62.59% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.05% | 89.39% | -18.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.28% | 115.26% | -36.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.10% | 115.26% | -45.16% |
USD vs. TSLG - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than TSLG's 0.75% expense ratio.
Dividends
USD vs. TSLG - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.35%, less than TSLG's 10.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLG Leverage Shares 2X Long TSLA Daily ETF | 10.24% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.35% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
USD and TSLG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLG has higher volatility (33.68%) compared to USD (30.75%). In terms of maximum drawdown, USD dropped -88.63% vs TSLG's -82.86%.
On 1-year performance, USD leads with 108.17% vs 7.16% for TSLG. On fees, TSLG is cheaper at 0.75% per year. On volatility, USD has been the lower-risk option at 30.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 108.17% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLG is cheaper with a 0.75% expense ratio, compared with 0.95% for USD.
TSLG has the higher dividend yield at 10.24%, compared with 0.35% for USD.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for USD and 0.75% for TSLG.
USD currently has the higher Sharpe Ratio (1.53 vs 0.08), 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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