TSLQ ETF — AXS TSLA Bear Daily ETF

AXS TSLA Bear Daily ETF (TSLQ)

TSLQ is an ETF. its distribution rate is 10.37%, its trailing-12-month yield is 10.37%, its expense ratio is 1.15%. Total return is -97.2% over the past 4.2 years, 210.4 points behind SPY at 113.2%.

At the current 10.37% distribution rate, a $10,000 investment would generate approximately $1,037 per year if the next payment matches the last regular one.

AXS TSLA Bear Daily ETF is an actively-managed ETF that seeks to deliver inverse daily performance of Tesla stock, specifically aiming for negative two times (−200%) the daily movement of TSLA through swap instruments; it is designed for single-day tactical positioning and not as a long-term holding. The fund carries a high distribution rate and distributes annually, with an expense ratio of 1.15%. This ETF appeals to traders seeking short-term bearish exposure to Tesla rather than long-term income or growth investors, and its leverage and inverse structure make it suitable only for sophisticated investors with specific tactical objectives.

TSLQ performance versus SPY

Price and return data through 2026-09-18.

Total return is -97.2% over the past 4.2 years, 210.4 points behind SPY at 113.2%. Over the past year its total return — price change plus distributions reinvested — is -25.7%. Its deepest 1-year drawdown was 43.3%.

TSLQ key facts

Issuer

AXS

Asset type

ETF

Asset class

Equity

Inception date

07/13/2022

Expense ratio

1.15%

Distribution rate

10.37%

Distribution frequency

Annual

Trailing yield

10.37%

Last close

$18.50 (as of 2026-09-18)

NAV

$19.18

Premium / discount

3.55% discount

AUM

$105,136,969

Average volume

5207900.0

Last dividend

$1.918

Last ex-dividend date

12/22/2025 (as of 2025-12-22)

Last payment date

12/26/2025 (as of 2025-12-26)

Beta

-2.31

P/E ratio

58.9271

How Dividend Vision calculates yield and returns

Distribution rate (10.37%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (10.37%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: AXS; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TSLQ risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 43.3%.

Who may consider TSLQ — and who may not

It is a weaker fit for investors who need monthly cash flow (TSLQ pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from AXS.