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TSLQ

GradeANASDAQ Global Market

Tradr 2X Short TSLA Daily ETF

Leveraged · Single-Stock Leveraged · Tradr · Inception 2022-07-13

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$16.96−0.13 (−0.73%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Jul 14, 2022.
Intraday session: down, 69 prints from 17.09 to 16.96. Range 16.39 to 17.16. Use the arrow keys to read each point.$16.40$16.60$16.80$17.2010 AM12 PM2 PM4 PM
Expense ratio
1.23%
Fund size
$96M
1Y return
−25.2%
Yield · Last 12 months
11.23%
Holdings
2
Volume · 30D
7.1M sh
NAV per share
$17.07
52W range
low $14.78high $29.76

The ETF.net TSLQ Grade

A

81/ 100

Rank 5 of 58 in Single-Stock Inverse⁠

Confidence High

Six-pillar profile for TSLQ. Scores out of 100: Cost 72, Risk 61, Mission 98, Tradability 93, Holdings not scored, Durability 73. Strongest: Mission (98). Weakest: Risk (61). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 81 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 72
    Category rank17/58 · top 29%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 98
    Category rank6/31 · top 19%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank11/48 · top 23%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 93
    Category rank4/58 · top 7%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 73
    Category rank5/58 · top 9%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TSLQ

ETF.net Research

AA one-line bet against Tesla: TSLQ aims for twice the inverse of TSLA's move each trading day, then resets overnight. It has been running that mandate since 2022, making it a veteran ticker in the young single-stock bear crowd.

Stated mandate

The fund seeks daily investment results equal to two times the inverse performance of Tesla's common stock, before fees and expenses.

Why people hold it

  1. 01One job, stated plainly: two times the inverse of Tesla's daily move, before fees. No stock picking, no basket to decode.tradretfs.com
  2. 02Hits its stated daily target with very little slippage, which is the whole ballgame for a leveraged product.
  3. 03At 1.23%, the fee sits a shade under the typical fund in its single-stock bear group.
  4. 04Among the more actively traded inverse Tesla funds, which tends to show up as tighter spreads when you step in and out.

Worth knowing

  1. 01The 2x resets every day. Hold past that and compounding drives the result; a choppy stretch can leave you far from twice Tesla's inverse move over the same span.tradretfs.com
  2. 02One stock, doubled and flipped. Volatility sits at the extreme end of the ETF menu, and a single Tesla headline is the entire story.
  3. 03Rivals price the same idea lower: TSDD charges 1.13% for 2x short TSLA, TSLS 0.95% for the 1x version.

TSLQ Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Stocks
Holdings
2
Top-10 weight
127%
Largest holding
CASHUSD99.4%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASHUSD99.44%95,379,602$95M49
002—TRS TESLA INC16.49%127,511,687$16M1
003—CFD TESLA INC11.52%90,659,888$11M1

Showing 1–3 of 3 holdings

TSLQ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TSLQ$7,483
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TSLQ $7,483. SPY $11,723. Use the arrow keys to read each point.$6,254$9,860$13,467Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TSLQ. Periods over one year show the average yearly return.
PeriodTSLQ
Year to date−5.9%
1 month−12.3%
3 months−7.6%
1 year−25.2%
3 years−68.2%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TSLQ
YearReturn barTSLQ
2026 YTD−5.9%
2025−74.6%
2024−84.0%
2023−64.8%
2022+59.6%

History from Jul 14, 2022

TSLQ in the news

ETF.net Research hasn’t filed on TSLQ yet — coverage lands here as it’s written.

TSLQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
11.23%Last 12 months
Payout per share
$1.92Last 12 months
Last payment
$1.92 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 22, 2025 $1.92. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.92
Dec 23, 2024Dec 27, 2024Data unavailable
Dec 26, 2023Dec 29, 2023Data unavailable
Dec 27, 2022Dec 29, 2022Data unavailable

TSLQ Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
93.5%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.71
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−98.9%
50 months · trough Dec 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.95
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TSLQ Cost

Expense ratio1.23%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

16 of the 43 Single-Stock Inverse funds charge less.

TSLQ costs $123.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.