AFRU vs. TSLT

Last updated Aug 4, 2026

AFRU (T-REX 2X Long AFRM Daily Target ETF) and TSLT (T-Rex 2X Long Tesla Daily Target ETF) are both Leveraged Equities funds from T-Rex. AFRU is actively managed, while TSLT is passively managed. Their 0.39 correlation means their historical movements had little consistent relationship. AFRU charges 1.50%/yr vs 1.05%/yr for TSLT.

Performance

AFRU vs. TSLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long AFRM Daily Target ETF (AFRU) and T-Rex 2X Long Tesla Daily Target ETF (TSLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFRU achieves a -25.77% return, which is significantly higher than TSLT's -59.15% return.

AFRU

• 1D: 12.30%
• 1M: -23.10%
• 6M: 12.07%
• YTD: -25.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TSLT

• 1D: 6.96%
• 1M: -36.57%
• 6M: -52.40%
• YTD: -59.15%
• 1Y: -22.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -21.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFRU T-REX 2X Long AFRM Daily Target ETF	$104.61K	$177.04K	$503.55K
TSLT T-Rex 2X Long Tesla Daily Target ETF	$37.77M	$37.80M	$53.70M

AFRU vs. TSLT - Yearly Performance Comparison

	2026 (YTD)	2025
AFRU T-REX 2X Long AFRM Daily Target ETF	-25.77%	-38.81%
TSLT T-Rex 2X Long Tesla Daily Target ETF	-59.15%	7.92%

Correlation

The correlation between AFRU and TSLT is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.39

Return for Risk

AFRU vs. TSLT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AFRU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSLT

TSLT Risk / Return Rank: 10
TSLT Sharpe Ratio Rank: 8
TSLT Sortino Ratio Rank: 14
TSLT Omega Ratio Rank: 13
TSLT Calmar Ratio Rank: 7
TSLT Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AFRU vs. TSLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long AFRM Daily Target ETF (AFRU) and T-Rex 2X Long Tesla Daily Target ETF (TSLT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFRU	TSLT	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.24	—
Sortino ratio: Return per unit of downside risk	—	0.28	—
Omega ratio: Gain probability vs. loss probability	—	1.03	—
Calmar ratio: Return relative to maximum drawdown	—	-0.31	—
Martin ratio: Return relative to average drawdown	—	-0.68	—

Drawdowns

AFRU vs. TSLT - Drawdown Comparison

The maximum AFRU drawdown since its inception was -84.44%, roughly equal to the maximum TSLT drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for AFRU and TSLT.

Drawdown Indicators

	AFRU	TSLT	Difference
Max Drawdown Largest peak-to-trough decline	-84.44%	-83.16%	-1.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-70.65%	—
Current Drawdown Current decline from peak	-58.74%	-80.16%	+21.42%
Average Drawdown Average peak-to-trough decline	-56.03%	-51.49%	-4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	32.28%	—

Volatility

Volatility by Period

	AFRU	TSLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	42.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	70.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	120.68%	92.57%	+28.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.68%	117.69%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.68%	117.69%	+2.99%

AFRU vs. TSLT - Expense Ratio Comparison

AFRU has a 1.50% expense ratio, which is higher than TSLT's 1.05% expense ratio.

Dividends

AFRU vs. TSLT - Dividend Comparison

Neither AFRU nor TSLT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AFRU and TSLT in my portfolio?

AFRU and TSLT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFRU or TSLT?

On fees, TSLT is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFRU or TSLT?

TSLT is cheaper with a 1.05% expense ratio, compared with 1.50% for AFRU.

Which ETF pays a higher dividend yield, AFRU or TSLT?

AFRU and TSLT have nearly identical dividend yields, around 0.00%.

What is the main difference between AFRU and TSLT?

Their fees differ too: 1.50% for AFRU and 1.05% for TSLT.