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SNDQ vs TSLS

Tradr 2X Short SNDK Daily ETF

SNDQCCboe

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.54pt a year

SNDQ1.49%TSLS0.95%

Avg volume · 30D

SNDQ 58.1×the volume

SNDQ23.8MTSLS410K

SNDQ vs TSLS Performance

Jul 31, 2026 – Nov 2, 2026

−26.9%SNDQ−24.5%TSLS

Jul 31, 2026 to Nov 2, 2026. SNDQ −26.9%. TSLS −24.5%. Use the arrow keys to read each point.−60%0%Jul 2026Sep 2026Nov 2026
Expense ratio
SNDQ 1.49%
TSLS 0.95%, better
Fund size
SNDQ $112M
TSLS $40M
1Y total return
SNDQ No data
TSLS 0.0%
Yield (12M)
SNDQ No data
TSLS 3.14%
Holdings
SNDQ 2
TSLS 4
Avg volume (30D)
SNDQ 23.8M sh, better
TSLS 410K sh
NAV per share
SNDQ $23.55
TSLS $50.50
52W range

ETF.net Grade

SNDQ: Cost 25, Risk 17, Mission not scored, Tradability 95, Holdings not scored, Durability 53. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for SNDQ, TSLS, with each pillar’s weight
PillarSNDQTSLS
Cost30% weightD25A97Higher
Mission25% weightNot scoredA87
Risk15% weightF17A75Higher
Tradability15% weightA95HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightC53A82Higher

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SNDQ and TSLS are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSLS ranks 3rd and SNDQ 25th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  4. Rank 4AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
  5. Rank 25CIONZDefiance Daily Target 2x Short IONQ ETFScore 41
  6. Rank 25CSNDQTradr 2X Short SNDK Daily ETFScore 41
  7. Rank 27CAPLZTradr 2X Short APLD Daily ETFScore 40

Our read on each fund

ETF.net Research

SNDQCTradr 2X Short SNDK Daily ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

SNDQ No data

TSLS The plain short on Tesla: TSLS aims for -1x the stock's daily move, with no leverage stacked on top. Among the small group of Tesla bear funds, it is the cheapest, and the one that dials risk down rather than up.

Stated mandate

SNDQ No data

TSLS The Fund seeks daily inverse investment results by maintaining short exposure to TSLA of approximately -100% of its net assets and generally rebalancing that exposure each trading day.

Why people hold it

SNDQ No data

  • TSLS Cheapest of the Tesla short funds at 0.95%, undercutting TSDD (1.13%) and TSLZ (1.05%), and running well below the typical inverse single-stock ETF.
  • Inverse, not leveraged inverse. One unit of short Tesla exposure per dollar, which keeps daily compounding drag milder than the -2x versions of the same trade.direxion.com
  • Trading since 2022 and one of the stronger implementations in the inverse single-stock crowd, with enough daily volume to make in-and-out trading practical.

Worth knowing

SNDQ No data

  • TSLS Exposure resets every trading day. Over any stretch longer than a day, Tesla's volatility compounds and results can drift well away from -1x the stock's move.direxion.com
  • Direxion calls it a short-term trading vehicle that is not appropriate for investors who will not actively monitor it.sec.gov
  • One company, one story. An earnings print, a product event or a headline about its CEO moves the whole position.

Full SNDQ profile⁠

Full TSLS profile⁠

SNDQ vs TSLS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SNDQ vs TSLS Cost

Overpaying SNDQ vs TSLS

$8,272

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SNDQ 1.49%

    $26,141

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SNDQ 1.49%
  • TSLS 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SNDQ $26,141TSLS $17,869

Year by year

YearSNDQTSLSOverpaying
10$2,574$1,678$896
20$9,464$6,322$3,142
30$26,141$17,869$8,272

Expense ratio

  • 1.49%SNDQ
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

SNDQ 31st cheapest of 43 funds

SNDQ vs TSLS Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
SNDQ No data
TSLS 3.14%
Payout (12M)
SNDQ None
TSLS $1.57
Last payment
SNDQ No data
TSLS $0.40
Ex-dividend
SNDQ No data
TSLS Sep 22, 2026
Paid on
SNDQ No data
TSLS Sep 29, 2026
Frequency
SNDQ No data
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

SNDQAll SNDQ payments⁠

No distribution history available.

TSLSQuarterly · 18 paymentsAll TSLS payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.23; Dec 8, 2022 $16.19; Dec 20, 2022 $0.56; Mar 21, 2023 $2.55; Jun 21, 2023 $1.86; Sep 19, 2023 $1.80; Dec 21, 2023 $2.29; Mar 19, 2024 $2.40; Jun 25, 2024 $1.68; Sep 24, 2024 $1.39; Dec 23, 2024 $0.66; Mar 25, 2025 $0.76; Jun 24, 2025 $0.53; Sep 23, 2025 $0.40; Dec 23, 2025 $0.49; Mar 24, 2026 $0.34; Jun 23, 2026 $0.34; Sep 22, 2026 $0.40. Use the arrow keys to read each point.$0$1020232026YTD

SNDQ vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SNDQ No dataTSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
SNDQ No dataTSLS −0.76
Worst fallMax drawdown, 5 years
SNDQ No dataTSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
SNDQ −9.52TSLS −1.41

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