- Issuer
- T-Rex
- Inception Date
- Oct 18, 2023
- Category
- Leveraged Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $282M
Share Price Chart
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Performance
TSLT Performance Chart
T-Rex 2X Long Tesla Daily Target ETF (TSLT) is down 21.8% since the beginning of the year. TSLT is currently trading at $21 per share.
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Returns By Period
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has returned -21.75% so far this year and 4.97% over the past 12 months.
T-Rex 2X Long Tesla Daily Target ETF
- 1D
- 3.83%
- 1M
- 14.40%
- YTD
- -21.75%
- 6M
- -16.23%
- 1Y
- 4.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
TSLT Monthly Returns History
Based on dividend-adjusted daily data since Oct 19, 2023, TSLT's average daily return is +0.27%, while the average monthly return is +4.06%. At this rate, an investment would double in approximately 1.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2024 with a return of +80.2%, while the worst month was Feb 2025 at -49.7%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TSLT closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +45.2%, while the worst single day was Mar 10, 2025 at -30.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.78% | -14.16% | -16.84% | 2.35% | 27.23% | -5.64% | -21.75% | ||||||
| 2025 | -3.51% | -49.74% | -28.91% | 6.89% | 45.20% | -20.52% | -9.62% | 14.56% | 72.06% | 1.71% | -13.98% | 6.37% | -29.49% |
| 2024 | -45.42% | 13.35% | -26.51% | 1.97% | -8.17% | 20.84% | 27.69% | -18.53% | 43.88% | -14.69% | 80.17% | 30.26% | 54.17% |
| 2023 | -17.87% | 39.23% | 5.04% | 20.11% |
Benchmark Metrics
T-Rex 2X Long Tesla Daily Target ETF has an annualized alpha of -30.82%, beta of 4.50, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since October 20, 2023.
- This ETF participated in 316.16% of S&P 500 Index downside but only 188.86% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.35 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -30.82%
- Beta
- 4.50
- R²
- 0.35
- Upside Capture
- 188.86%
- Downside Capture
- 316.16%
Expense Ratio
TSLT has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TSLT ranks 11 for risk / return — in the bottom 11% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) and compare them to S&P 500 Index.
| TSLT | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 2.39 | -2.33 |
Sortino ratioReturn per unit of downside risk | 0.74 | 3.25 | -2.52 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.43 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 3.11 | -3.02 |
Martin ratioReturn relative to average drawdown | 0.18 | 14.38 | -14.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T-Rex 2X Long Tesla Daily Target ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T-Rex 2X Long Tesla Daily Target ETF was 83.16%, occurring on Apr 21, 2025. The portfolio has not yet recovered.
The current T-Rex 2X Long Tesla Daily Target ETF drawdown is 61.99%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -83.16%Apr 2025 | 4mo 4d | — | 1y 5moDec 2024 - now |
2024 bear market2024 | -73.98%Apr 2024 | 3mo 26d | 6mo 23d | 10mo 19dDec 2023 - Nov 2024 |
2024 bear market2024 | -21.78%Nov 2024 | 2d | 18d | 20dNov 2024 - Dec 2024 |
2023 bear market2023 | -20.32%Oct 2023 | 10d | 14d | 24dOct 2023 - Nov 2023 |
2023 pullback2023 | -8.74%Dec 2023 | 5d | 10d | 15dNov 2023 - Dec 2023 |
Drawdown Indicators
| TSLT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -56.78% | -26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -55.08% | -9.10% | -45.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -61.99% | 0.00% | -61.99% |
Average DrawdownAverage peak-to-trough decline | -50.22% | -10.72% | -39.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.98% | 1.97% | +25.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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