QBTX vs TSLS

Comparison between TRADR 2X LONG QBTS DAILY ETF (QBTX, ETF) and Direxion Daily TSLA Bear 1X Shares (TSLS, ETF).

QBTX vs TSLS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QBTX(ETF)	TSLS(ETF)
Net Assets	$76M	$76M
Expense Ratio	N/A	0.95%
Max Drawdown	95.91%	91.60%
Sharpe Ratio	0.67	-0.48
5Y Beta	7.53	-2.31

Net Assets

QBTX

$76M

Winner

TSLS

$76M

Expense Ratio

QBTX

N/A

TSLS

0.95%

Max Drawdown

QBTX

95.91%

Winner

TSLS

91.60%

Sharpe Ratio

Winner

QBTX

0.67

TSLS

-0.48

5Y Beta

QBTX

7.53

Winner

TSLS

-2.31

QBTX vs TSLS - Historical Returns

Returns include dividend reinvestment.

Period	QBTX	TSLS
1 month	+1.86%	-1.59%
3 months	+11.70%	+1.03%
6 months	-59.48%	+12.12%
1 year	-41.59%	-35.10%
Max(CAGR)	+89.36%	-29.93%

Winner

QBTX

+1.86%

TSLS

-1.59%

Winner

QBTX

+11.70%

TSLS

+1.03%

QBTX

-59.48%

Winner

TSLS

+12.12%

QBTX

-41.59%

Winner

TSLS

-35.10%

Max(CAGR)

Winner

QBTX

+89.36%

TSLS

-29.93%

QBTX vs TSLS - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	QBTX	TSLS
2026	-58.54%	+8.19%
2025	+324.39%	-38.69%
2024	N/A	-55.67%
2023	N/A	-64.52%
2022	N/A	+100.47%

QBTX vs TSLS Drawdown Comparison

The maximum drawdown for QBTX was -95.41%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for TSLS was -90.72%, occurring on Dec 16, 2025. This drawdown has not yet recovered.

The current QBTX drawdown is -88.77%. The current TSLS drawdown is -88.76%.

Rank	QBTX	TSLS
#1	-95.41% Oct 15, 2025 - Mar 30, 2026	-90.72% Dec 27, 2022 - Dec 16, 2025
#2	-50.69% May 22, 2025 - Sep 17, 2025	-14.83% Nov 21, 2022 - Dec 13, 2022
#3	-24.29% May 2, 2025 - May 8, 2025	-13.29% Sep 2, 2022 - Sep 30, 2022
#4	-21.47% Sep 24, 2025 - Oct 2, 2025	-11.35% Oct 14, 2022 - Nov 7, 2022
#5	-15.88% Apr 25, 2025 - May 2, 2025	-9.86% Nov 9, 2022 - Nov 21, 2022
#6	-15.54% Oct 7, 2025 - Oct 13, 2025	-9.07% Aug 9, 2022 - Aug 30, 2022
#7	-14.40% May 20, 2025 - May 22, 2025	-2.50% Oct 11, 2022 - Oct 14, 2022
#8	-8.61% Sep 19, 2025 - Sep 23, 2025	-2.35% Oct 3, 2022 - Oct 5, 2022
#9	-7.58% May 9, 2025 - May 16, 2025	-0.80% Dec 14, 2022 - Dec 16, 2022
#10	N/A	-0.29% Aug 31, 2022 - Sep 2, 2022

Correlation

Correlation between QBTX and TSLS is -0.41 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.41

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