TSLQ vs SLX
Comparison between Tradr 2X Short TSLA Daily ETF (TSLQ, ETF) and VANECK STEEL ETF (SLX, ETF).
TSLQ vs SLX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TSLQ
$159M
Winner
SLX
$159M
Expense Ratio
TSLQ
N/A
SLX
0.55%
Max Drawdown
TSLQ
99.05%
Winner
SLX
85.83%
Sharpe Ratio
TSLQ
-0.54
Winner
SLX
2.11
5Y Beta
Winner
TSLQ
-4.55
SLX
1.08
P/E Ratio
TSLQ
N/A
SLX
13.22
Forward P/E
TSLQ
N/A
SLX
13.98
PEG Ratio
TSLQ
N/A
SLX
0.09
5Y Dividends CAGR
TSLQ
N/A
SLX
9.75%
5Y EPS CAGR
TSLQ
N/A
SLX
17.63%
Debt to Equity
TSLQ
N/A
SLX
31.44%
P/S Ratio
TSLQ
N/A
SLX
0.00
P/B Ratio
TSLQ
N/A
SLX
1.68
TSLQ vs SLX - Historical Returns
Returns include dividend reinvestment.
1M
TSLQ
-5.63%
Winner
SLX
+1.86%
3M
TSLQ
-4.43%
Winner
SLX
+14.48%
6M
TSLQ
+11.78%
Winner
SLX
+32.61%
1Y
TSLQ
-68.24%
Winner
SLX
+68.38%
5Y(CAGR)
TSLQ
N/A
SLX
+14.99%
10Y(CAGR)
TSLQ
N/A
SLX
+18.75%
Max(CAGR)
TSLQ
-58.94%
Winner
SLX
+8.03%
TSLQ vs SLX - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | TSLQ | SLX |
|---|---|---|
| 2026 | +6.07% | +23.45% |
| 2025 | -77.34% | +48.28% |
| 2024 | -83.18% | -17.15% |
| 2023 | -64.32% | +33.22% |
| 2022 | +63.12% | +14.39% |
| 2021 | N/A | +25.29% |
| 2020 | N/A | +19.62% |
| 2019 | N/A | +10.56% |
| 2018 | N/A | -22.43% |
| 2017 | N/A | +20.83% |
| 2016 | N/A | +99.31% |
| 2015 | N/A | -41.29% |
| 2014 | N/A | -24.86% |
| 2013 | N/A | +0.46% |
| 2012 | N/A | -1.01% |
| 2011 | N/A | -34.07% |
| 2010 | N/A | +14.62% |
| 2009 | N/A | +97.11% |
| 2008 | N/A | -63.20% |
| 2007 | N/A | +89.41% |
| 2006 | N/A | +10.38% |
TSLQ vs SLX Drawdown Comparison
The maximum drawdown for TSLQ was -98.72%, occurring on Dec 22, 2025. This drawdown has not yet recovered.
The maximum drawdown for SLX was -82.16%, occurring on Jan 25, 2016. Recovery took 3699 trading sessions.
The current TSLQ drawdown is -98.32%. The current SLX drawdown is -6.08%.
| Rank | TSLQ | SLX |
|---|---|---|
| #1 | -98.72% Dec 27, 2022 - Dec 22, 2025 | -82.16% May 16, 2008 - Jan 26, 2023 |
| #2 | -25.96% Jul 14, 2022 - Oct 7, 2022 | -27.39% Dec 27, 2023 - Jul 22, 2025 |
| #3 | -14.72% Nov 21, 2022 - Dec 13, 2022 | -23.74% Jul 12, 2007 - Sep 18, 2007 |
| #4 | -11.43% Oct 14, 2022 - Nov 7, 2022 | -21.19% Dec 10, 2007 - Feb 22, 2008 |
| #5 | -9.95% Nov 9, 2022 - Nov 21, 2022 | -20.93% Mar 3, 2023 - Jul 25, 2023 |
| #6 | -2.38% Oct 11, 2022 - Oct 14, 2022 | -16.35% Feb 11, 2026 - Apr 22, 2026 |
| #7 | -0.90% Dec 14, 2022 - Dec 16, 2022 | -15.61% Jul 25, 2023 - Dec 1, 2023 |
| #8 | N/A | -12.00% Oct 29, 2007 - Dec 7, 2007 |
| #9 | N/A | -11.43% Feb 28, 2008 - Apr 4, 2008 |
| #10 | N/A | -10.12% Feb 26, 2007 - Mar 21, 2007 |
| #11 | N/A | -10.02% Jul 23, 2025 - Oct 3, 2025 |
| #12 | N/A | -7.05% Dec 5, 2006 - Jan 23, 2007 |
| #13 | N/A | -6.54% Jun 1, 2007 - Jul 2, 2007 |
| #14 | N/A | -6.37% Feb 1, 2023 - Mar 2, 2023 |
| #15 | N/A | -6.08% Jun 2, 2026 - Jun 5, 2026 |
Correlation
Correlation between TSLQ and SLX is -0.61 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.61
-101
Dividend Comparison (2006 - 2025)
TSLQ vs SLX dividend yield comparison.
| Year | TSLQ | SLX |
|---|---|---|
| 2025 | 10.56% | 1.55% |
| 2024 | 4.95% | 3.56% |
| 2023 | 13.35% | 2.80% |
| 2022 | 2.56% | 4.97% |
| 2021 | 0.00% | 7.07% |
| 2020 | 0.00% | 1.87% |
| 2019 | 0.00% | 3.44% |
| 2018 | 0.00% | 6.26% |
| 2017 | 0.00% | 2.50% |
| 2016 | 0.00% | 1.06% |
| 2015 | 0.00% | 5.35% |
| 2014 | 0.00% | 3.27% |
| 2013 | 0.00% | 1.98% |
| 2012 | 0.00% | 2.21% |
| 2011 | 0.00% | 2.40% |
| 2010 | 0.00% | 1.41% |
| 2009 | 0.00% | 1.60% |
| 2008 | 0.00% | 4.61% |
| 2007 | 0.00% | 0.57% |
| 2006 | 0.00% | 0.31% |
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