Correlation
The correlation between BTDR and TSLT is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BTDR vs. TSLT
Compare and contrast key facts about Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and T-Rex 2X Long Tesla Daily Target ETF (TSLT).
TSLT is an actively managed fund by T-Rex. It was launched on Oct 18, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTDR or TSLT.
Performance
BTDR vs. TSLT - Performance Comparison
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Key characteristics
BTDR:
1.14
TSLT:
0.79
BTDR:
2.06
TSLT:
1.95
BTDR:
1.24
TSLT:
1.23
BTDR:
1.88
TSLT:
1.27
BTDR:
3.44
TSLT:
2.35
BTDR:
39.59%
TSLT:
44.96%
BTDR:
123.52%
TSLT:
144.19%
BTDR:
-79.52%
TSLT:
-83.16%
BTDR:
-45.17%
TSLT:
-60.25%
Returns By Period
In the year-to-date period, BTDR achieves a -33.96% return, which is significantly higher than TSLT's -42.29% return.
BTDR
-33.96%
45.28%
17.01%
139.30%
N/A
N/A
N/A
TSLT
-42.29%
45.73%
-19.40%
113.27%
N/A
N/A
N/A
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Risk-Adjusted Performance
BTDR vs. TSLT — Risk-Adjusted Performance Rank
BTDR
TSLT
BTDR vs. TSLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) 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.
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Dividends
BTDR vs. TSLT - Dividend Comparison
Neither BTDR nor TSLT has paid dividends to shareholders.
Drawdowns
BTDR vs. TSLT - Drawdown Comparison
The maximum BTDR drawdown since its inception was -79.52%, roughly equal to the maximum TSLT drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BTDR and TSLT.
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Volatility
BTDR vs. TSLT - Volatility Comparison
Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and T-Rex 2X Long Tesla Daily Target ETF (TSLT) have volatilities of 26.66% and 27.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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