TSLQ vs TSLS
Tradr 2X Short TSLA Daily ETF vs Direxion Daily TSLA Bear 1X ETF
Which is better, TSLQ or TSLS?
TSLS has been ahead.
TSLS has a lower expense ratio. TSLS led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TSLQ | TSLS |
|---|---|---|
| Expense Ratio | 1.15% | 0.94%Best |
| AUM | $92M | $48M |
| Dividend Yield | 9.89% | 2.74% |
| Holdings | 12 | 18 |
| YTD Return | -6.17% | +7.85%Best |
| 1Y Return | -19.23% | +3.45%Best |
| 3Y Return (annualized) | -65.37% | -31.79%Best |
| Volatility (annualized) | 87.5% | 59.2%Best |
| Max Drawdown | -98.7% | -90.7%Best |
| $10,000 over 4.2 years | $330 | $2,543Best |
| Fund Family | Tradr ETFs | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Jul 13, 2022 | Aug 9, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Aug 9, 2022 to Oct 14, 2026 (4.2 years).
TSLQ vs TSLS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.2 years both funds cover.
TSLQ vs TSLS Performance
Tradr 2X Short TSLA Daily ETF (TSLQ) is an ETF from Tradr ETFs and Direxion Daily TSLA Bear 1X ETF (TSLS) is an ETF from Direxion Shares ETF Trust. Over the past year TSLQ returned -19.23% while TSLS returned +3.45%. Year to date, TSLQ is down 6.17% versus a gain of 7.85% for TSLS.
Over three years, TSLQ compounded at -65.37% per year against -31.79% for TSLS. Across the full 4-year window we track, TSLS has the edge at -27.82% annualized vs -55.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLQ has been the more volatile fund, with annualized monthly volatility of 87.5% compared with 59.2% for TSLS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -98.7% for TSLQ and -90.7% for TSLS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TSLQ charges 1.15% per year while TSLS charges 0.94%. On a $10,000 position that is $115 vs $94 annually, a gap of $21 per year that compounds over a long holding period. On income, TSLQ currently yields 9.89% against 2.74% for TSLS.
Holdings Overlap
We hold position weights for 1 holding in TSLQ and 3 in TSLS, totalling 5.1% and 122.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in TSLQ and 3 in TSLS, against full books of 12 and 18.
You are not choosing between two funds in isolation.
Whichever of TSLQ and TSLS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TSLQ or TSLS?
TSLQ has an expense ratio of 1.15% while TSLS charges 0.94%. TSLS is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, TSLQ or TSLS?
Over the past year TSLQ returned -19.23% vs +3.45% for TSLS, so TSLS leads on 1-year performance. Over the longest common window we track (4 years), TSLQ annualized -55.62% vs -27.82% for TSLS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TSLQ or TSLS?
TSLQ has been the more volatile fund at 87.5% annualized versus 59.2% for TSLS. Worst drawdown: TSLQ -98.7% vs TSLS -90.7%.
Should I hold both TSLQ and TSLS?
TSLQ and TSLS have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, TSLQ or TSLS?
TSLQ yields 9.89% while TSLS yields 2.74%, so TSLQ currently pays the higher dividend yield.
Is TSLS better than TSLQ?
TSLS has a lower expense ratio. TSLS led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.