TSLT vs. TSLA
TSLT (T-Rex 2X Long Tesla Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while TSLA (Tesla, Inc.) is a stock. Over the past year, TSLT returned 3.78% vs 23.07% for TSLA. With a 1.00 correlation, they move nearly in lockstep.
Performance
TSLT vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLT achieves a -21.79% return, which is significantly lower than TSLA's -5.79% return.
TSLT
- 1D
- -0.05%
- 1M
- 13.53%
- YTD
- -21.79%
- 6M
- -22.60%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- -0.01%
- 1M
- 7.95%
- YTD
- -5.79%
- 6M
- -5.16%
- 1Y
- 23.07%
- 3Y*
- 25.57%
- 5Y*
- 16.24%
- 10Y*
- 40.05%
TSLT vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | -21.79% | -29.49% | 54.17% | 20.11% |
TSLA Tesla, Inc. | -5.79% | 11.36% | 62.52% | 12.89% |
Correlation
The correlation between TSLT and TSLA is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023 | 1.00 |
The correlation between TSLT and TSLA has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
TSLT vs. TSLA — Risk / Return Rank
TSLT
TSLA
TSLT vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) and Tesla, Inc. (TSLA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TSLT | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.77 | -0.71 |
| Martin ratioReturn relative to average drawdown | 0.14 | 1.81 | -1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLT | TSLA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 0.50 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.73 | -0.73 |
Drawdowns
TSLT vs. TSLA - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.16%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLT and TSLA.
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Drawdown Indicators
| TSLT | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -73.63% | -9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -55.08% | -29.93% | -25.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -62.01% | -13.51% | -48.50% |
Average DrawdownAverage peak-to-trough decline | -50.23% | -22.73% | -27.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.07% | 12.84% | +14.23% |
Volatility
TSLT vs. TSLA - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 24.38% compared to Tesla, Inc. (TSLA) at 12.12%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLT | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.38% | 12.12% | +12.26% |
Volatility (6M)Calculated over the trailing 6-month period | 54.35% | 27.28% | +27.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.40% | 46.36% | +46.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.05% | 58.85% | +58.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.05% | 59.11% | +57.94% |
Dividends
TSLT vs. TSLA - Dividend Comparison
Neither TSLT nor TSLA has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, TSLT and TSLA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSLT has higher volatility (24.38%) compared to TSLA (12.12%). In terms of maximum drawdown, TSLT dropped -83.16% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.50 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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