XSHD vs. TSLQ
XSHD (Invesco S&P SmallCap High Dividend Low Volatility ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both exchange-traded funds - XSHD is a Volatility Hedged Equity fund tracking the S&P SmallCap 600 Low Volatility High Dividend Index, while TSLQ is a Inverse Equities fund actively managed by Tradr. XSHD is passively managed, while TSLQ is actively managed. Over the past 3 years, XSHD returned 1.70%/yr vs -64.49%/yr for TSLQ. At a correlation of -0.31, they often move in opposite directions. XSHD charges 0.30%/yr vs 1.17%/yr for TSLQ.
Performance
XSHD vs. TSLQ - Performance Comparison
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Returns By Period
In the year-to-date period, XSHD achieves a 13.57% return, which is significantly higher than TSLQ's -0.50% return.
XSHD
- 1D
- 0.21%
- 1M
- 2.33%
- 6M
- 8.65%
- YTD
- 13.57%
- 1Y
- 9.07%
- 3Y*
- 1.70%
- 5Y*
- -3.14%
- 10Y*
- —
TSLQ
- 1D
- 6.42%
- 1M
- -1.63%
- 6M
- 0.00%
- YTD
- -0.50%
- 1Y
- -62.74%
- 3Y*
- -64.49%
- 5Y*
- —
- 10Y*
- —
XSHD vs. TSLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 13.57% | -6.41% | -5.25% | 3.00% | -9.48% |
TSLQ Tradr 2X Short TSLA Daily ETF | -0.50% | -74.67% | -83.21% | -59.97% | 61.04% |
Correlation
The correlation between XSHD and TSLQ 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 XSHD and TSLQ 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
XSHD vs. TSLQ — Risk / Return Rank
XSHD
TSLQ
XSHD vs. TSLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Tradr 2X Short TSLA Daily ETF (TSLQ). 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.
| XSHD | TSLQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.90 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | -0.91 | +1.77 |
| Martin ratioReturn relative to average drawdown | 2.35 | -1.15 | +3.51 |
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Drawdowns
XSHD vs. TSLQ - Drawdown Comparison
The maximum XSHD drawdown since its inception was -49.53%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for XSHD and TSLQ.
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Drawdown Indicators
| XSHD | TSLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.53% | -98.73% | +49.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -69.32% | +58.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -97.85% | +77.08% |
Max Drawdown (5Y)Largest decline over 5 years | -34.67% | — | — |
Current DrawdownCurrent decline from peak | -20.91% | -98.52% | +77.61% |
Average DrawdownAverage peak-to-trough decline | -16.42% | -68.01% | +51.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 54.39% | -50.53% |
Volatility
XSHD vs. TSLQ - Volatility Comparison
The current volatility for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) is 4.48%, while Tradr 2X Short TSLA Daily ETF (TSLQ) has a volatility of 35.69%. This indicates that XSHD experiences smaller price fluctuations and is considered to be less risky than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSHD | TSLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 35.69% | -31.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 62.98% | -52.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 89.70% | -74.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 94.90% | -76.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.17% | 94.90% | -72.73% |
XSHD vs. TSLQ - Expense Ratio Comparison
XSHD has a 0.30% expense ratio, which is lower than TSLQ's 1.17% expense ratio.
Dividends
XSHD vs. TSLQ - Dividend Comparison
XSHD's dividend yield for the trailing twelve months is around 5.02%, less than TSLQ's 10.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TSLQ Tradr 2X Short TSLA Daily ETF | 10.62% | 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 | 5.02% | 6.45% | 7.25% | 7.62% | 6.77% | 3.86% | 5.55% | 4.88% | 5.49% | 4.11% | 0.41% |
Frequently Asked Questions
XSHD and TSLQ 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 (35.69%) compared to XSHD (4.48%). In terms of maximum drawdown, XSHD dropped -49.53% vs TSLQ's -98.73%.
On 3-year performance, XSHD leads with 1.70% vs -64.49% for TSLQ. On fees, XSHD is cheaper at 0.30% per year. On volatility, XSHD has been the lower-risk option at 4.48%. 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 1.70% return vs -64.49%. 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 10.62%, compared with 5.02% for XSHD.
XSHD is categorized as Volatility Hedged Equity, while TSLQ is Inverse Equities. They also come from different issuers: Invesco and Tradr. Their fees differ too: 0.30% for XSHD and 1.17% for TSLQ.
XSHD currently has the higher Sharpe Ratio (0.61 vs -0.70), 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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