Skip to content
etf.net

Launched

Tradr 2X Short TSLA Daily ETF

TSLQNasdaqAThis 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.

$17.19+0.25 (+1.48%)

At close: Oct 13, 2026, 4:00 PM

A80/ 100

Rank 5 of 58 in Single-Stock Inverse

A80/100Rank 5 of 58inSingle-Stock Inverse
Intraday session: up, 79 prints from 16.94 to 17.19. Range 17.07 to 17.48. Use the arrow keys to read each point.17.0017.1017.3017.4017.5010 AM12 PM2 PM4 PM
Expense ratio
1.23%
Fund size
$99M
1Y total return
−29.7%
Yield · Last 12 months
11.32%
Holdings
4
Avg volume · 30D
6.3M sh
NAV per share
$16.95
52W range
low $14.78high $29.76
Launched

The ETF.net TSLQ Grade

Based on 5 of 6 pillars

A

Score 80 out of 100

Category
Single-Stock Inverse⁠
Rank
5 of 58
Six-pillar profile for TSLQ. Scores out of 100: Cost 72, Risk 60, Mission 97, Tradability 90, Holdings not scored, Durability 72. Strongest: Mission (97). Weakest: Risk (60). Based on 5 of 6 pillars.

Score 80 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A72 out of 100
    Rank 17 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 10 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B60 out of 100
    Rank 12 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A90 out of 100
    Rank 3 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A72 out of 100
    Rank 5 of 58

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 Oct 13, 2026
Asset class
Stocks
Holdings
4
Top-10 weight
100%
Largest holding
Cashusd72.5%

Sectors

  • Consumer Discretionary100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cashusd72.46%65,600,140$66M51
002—Trs Tesla Inc16.09%124,704,299$15M1
003—Cfd Tesla Inc7.08%76,848,195$6M1
004—Net Other Assets4.37%3,952,483$4M141

Showing 1–4 of 4 holdings

TSLQ Performance

Launched Jul 13, 2022

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

Not enough history yet.Not enough history yet.
TSLQ$7,031
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TSLQ $7,031. SPY $12,044. Use the arrow keys to read each point.$6,023$9,391$12,759Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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−6.7%
1 month−8.0%
3 months−0.2%
1 year−29.7%
3 yearsper year−67.7%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−6.7%
2025−74.6%
2024−84.0%
2023−64.8%
2022+59.6%

History from Jul 14, 2022

TSLQ in the news

Filtered to TSLQ · Single-Stock Inverse

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 Oct 12, 2026.
11.32%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.
93.6%
Annualised · 36 months to Sep 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.
−0.70
vs 3-month T-bills · to Sep 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.
−1.96
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.

Other funds in Single-Stock Inverse

See others