Which came closer to its stated multiple, TSLG or TSLQ?

Over the window to Sep 30, 2026, TSLG finished 4.2 points from what its multiple implies and TSLQ finished 13.5 points from its own, so TSLG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TSLG and TSLQ levered on the same thing?

Yes. Both are levered on Tesla, TSLG at +2 times and TSLQ at -2 times the daily move.

Which one decays faster, TSLG or TSLQ?

Decay follows how much the underlying moves about. Over this window TSLG’s moved at 52% annualized and TSLQ’s at 52%, so TSLG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold TSLG or TSLQ for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, TSLG or TSLQ?

TSLG charges 0.80% a year and TSLQ charges 1.15%, so TSLG is cheaper. Fees come from each fund's prospectus.

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TSLG vs TSLQ: which held to its multiple?

Over three months against its own daily promise, TSLG finished 1.8 points short and TSLQ 2.4 points over. Leverage Shares 2X Long TSLA Daily ETF and Tradr 2X Short TSLA Daily ETF.

−37.4%

TSLG returned, 3 months

+19.7%

TSLQ returned, 3 months

−4.2 pts

TSLG from its stated multiple

−13.5 pts

TSLQ from its stated multiple

TSLG · 3 months to Sep 30, 20264.2 pts short of its stated multiple

TSLG returned −37.4% while 2 times TSLA's move would have been −33.1%

TSLQ · 3 months to Sep 30, 202613.5 pts short of its stated multiple

TSLQ returned +19.7% while −2 times TSLA's move would have been +33.1%

ETFIQ Decay Resistance Score · TSLG scores higherDid it keep up with its own daily multiple, compounded day by day?

TSLG among the 470 leveraged ETFs, long, over three months

TSLG 76.9

0.1, the lowest in this set99.9, the highest

TSLQ among the 125 inverse ETFs over three months

TSLQ 70.8

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. TSLQ is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	TSLG	TSLQ	TSLG	TSLQ	TSLG	TSLQ
1 month	−9.3%	+4.0%	−7.1%	+7.1%	−2.1 pts	−3.2 pts
3 months	−37.4%	+19.7%	−33.1%	+33.1%	−4.2 pts	−13.5 pts
6 months	−28.4%	−16.8%	−13.9%	+13.9%	−14.5 pts	−30.7 pts
1 year	−54.6%	−9.7%	−40.4%	+40.4%	−14.2 pts	−50.1 pts
3 years	not published	−95.5%	not published	−83.6%	not published	−11.9 pts
Since launch TSLG Dec 2024 · TSLQ Jul 2022	−70.5%	−97.0%	−37.3%	−97.8%	−33.1 pts	+0.8 pts

TSLG and TSLQ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

TSLG

Leverage Shares 2X Long TSLA Daily ETF · Aims to return twice the daily move of Tesla (TSLA)

TSLQ

Tradr 2X Short TSLA Daily ETF · Aims to return twice the opposite of the daily move of Tesla (TSLA)

Issuer Leverage Shares Tradr

Sets out to return +2x -2x

Underlying asset TSLA TSLA

Segment company company

Fund returned, 3 months or since launch −37.4% +19.7%

Underlying returned, over that window −16.6% −16.6%

What the stated multiple implies, over that window −33.1% +33.1%

Difference from stated, over that window −4.2 pts −13.5 pts

Fund returned, 1 year or since launch −54.6% −9.7%

Difference from stated, over that window −14.2 pts −50.1 pts

Underlying volatility 52% 52%

Difference over the days both have traded −4.2 pts −13.5 pts

Expense ratio 0.80% 1.15%

Launched Dec 13, 2024 Jul 14, 2022

Net assets $40m $90m

TSLG and TSLQ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TSLG in plain words

Three months to Sep 30, 2026: TSLG returned −37.4% where its own daily promise gave −35.6%, 1.8 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TSLG look 4.2 points short. 2.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. TSLG aims to return +2 times TSLA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. TSLA moved at 52% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

TSLQ in plain words

Three months to Sep 30, 2026: TSLQ returned +19.7% where its own daily promise gave +17.3%, 2.4 points over. Read the multiple against the whole window instead and −2 times TSLA's −16.6% implies +33.1%, which makes TSLQ look 13.5 points short. 15.8 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. TSLQ aims to return -2 times TSLA's move each day, then resets. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.

Questions people ask

Which came closer to its stated multiple, TSLG or TSLQ?: Over the window to Sep 30, 2026, TSLG finished 4.2 points from what its multiple implies and TSLQ finished 13.5 points from its own, so TSLG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TSLG and TSLQ levered on the same thing?: Yes. Both are levered on Tesla, TSLG at +2 times and TSLQ at -2 times the daily move.
Which one decays faster, TSLG or TSLQ?: Decay follows how much the underlying moves about. Over this window TSLG’s moved at 52% annualized and TSLQ’s at 52%, so TSLG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TSLG or TSLQ for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, TSLG or TSLQ?: TSLG charges 0.80% a year and TSLQ charges 1.15%, so TSLG is cheaper. Fees come from each fund's prospectus.

Other comparisons

TSLG vs TSLL TSLG vs TSLS TSLG vs TSLT TSLG vs TSLZ TSLQ vs TSLR TSLQ vs TSLS TSLQ vs TSLT TSLQ vs TSLZ

TSLG on its own →TSLQ on its own →How every figure is computed →Standards and sources →

Where these figures came from

TSLG filings on SEC EDGAR ↗TSLG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗TSLQ filings on SEC EDGAR ↗TSLQ prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, TSLG against TSLQ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tslg-vs-tslq

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.