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ETFs

Investment Managers Series Trust II AXS TSLA Bear Daily ETF

TSLQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 14 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$63,080,515
AUM
$108,608,283
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
92.86%
Invest with TSLQ

What is TSLQ?

AXS TSLA Bear Daily ETF seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the common shares of Tesla, Inc. (TSLA). It is part of the AXS Single Stock ETF family that seeks inverse and/or leveraged investment results based on the daily performance of a single stock.

ETFs related toTSLQ

ETFs correlated to TSLQ include TSLS, SARK, FNGD

TSLQ
Investment Managers Series Trust II - AXS TSLA Bear Daily ETF
TSLS
Direxion Shares ETF Trust - Direxion Daily TSLA Bear 1X Shares
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
BTAL
AGF Investments Trust - AGF U.S. Market Neutral Anti-Beta Fund
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTSLQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TSLQ using Composer

FAQ

TSLQ is a US Equities ETF. AXS TSLA Bear Daily ETF seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the common shares of Tesla, Inc. (TSLA). It is part of the AXS Single Stock ETF family that seeks inverse and/or leveraged investment results based on the daily performance of a single stock.

Yes, TSLQ is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TSLQ is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TSLQ is -0.0879%. This is the percent change in the value of TSLQ over the most recent 1-month period. The 3-month return on TSLQ is -0.0662%. This is the percent change in the value of TSLQ over the most recent 3-month period.

The standard deviation of TSLQ for the past year is 0.6057%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TSLQ include SSO, SPXL, and SDS.

ETFs correlated to TSLQ include TSLS, SARK, and FNGD.

ETFs that are inversely correlated to TSLQ include TSLL, TSL, and TSLR.

Yes, TSLQ is a Inverse (-1) ETF.

Yes, TSLQ is a Inverse (-1) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.