TSLS vs QBTX

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

TSLS vs QBTX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

TSLS

$76M

QBTX

$76M

Expense Ratio

TSLS

0.95%

QBTX

N/A

Max Drawdown

Winner

TSLS

91.60%

QBTX

95.91%

Sharpe Ratio

TSLS

-0.48

Winner

QBTX

0.67

5Y Beta

Winner

TSLS

-2.31

QBTX

7.53

TSLS vs QBTX - Historical Returns

Returns include dividend reinvestment.

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

TSLS

-1.59%

Winner

QBTX

+1.86%

TSLS

+1.03%

Winner

QBTX

+11.70%

Winner

TSLS

+12.12%

QBTX

-59.48%

Winner

TSLS

-35.10%

QBTX

-41.59%

Max(CAGR)

TSLS

-29.93%

Winner

QBTX

+89.36%

TSLS vs QBTX - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

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

TSLS vs QBTX Drawdown Comparison

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

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

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

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

Correlation

Correlation between TSLS and QBTX 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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