BTDR vs. TSLT
BTDR (Bitdeer Technologies Group Class A Ordinary Shares) is a stock, while TSLT (T-Rex 2X Long Tesla Daily Target ETF) is Leveraged Equities fund tracking the Tesla, Inc. (200%). Over the past year, BTDR returned -8.38% vs 11.54% for TSLT. At a 0.36 correlation, their price movements are largely independent.
Performance
BTDR vs. TSLT - Performance Comparison
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Returns By Period
In the year-to-date period, BTDR achieves a 8.21% return, which is significantly higher than TSLT's -35.75% return.
BTDR
- 1D
- -8.73%
- 1M
- -31.97%
- 6M
- -1.14%
- YTD
- 8.21%
- 1Y
- -8.38%
- 3Y*
- -4.69%
- 5Y*
- —
- 10Y*
- —
TSLT
- 1D
- -6.38%
- 1M
- -8.97%
- 6M
- -34.90%
- YTD
- -35.75%
- 1Y
- 11.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTDR vs. TSLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTDR Bitdeer Technologies Group Class A Ordinary Shares | 8.21% | -48.27% | 119.78% | 177.75% |
TSLT T-Rex 2X Long Tesla Daily Target ETF | -35.75% | -29.49% | 54.17% | 13.02% |
Correlation
The correlation between BTDR and TSLT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.36 |
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Return for Risk
BTDR vs. TSLT — Risk / Return Rank
BTDR
TSLT
BTDR vs. TSLT - Risk-Adjusted Trends 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.
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.
| BTDR | TSLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.09 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 0.21 | -0.33 |
| Martin ratioReturn relative to average drawdown | -0.19 | 0.40 | -0.59 |
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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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Drawdown Indicators
| BTDR | TSLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -83.16% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -71.89% | -55.08% | -16.81% |
Max Drawdown (3Y)Largest decline over 3 years | -79.52% | — | — |
Current DrawdownCurrent decline from peak | -53.52% | -68.79% | +15.27% |
Average DrawdownAverage peak-to-trough decline | -43.53% | -50.94% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.12% | 28.88% | +15.24% |
Volatility
BTDR vs. TSLT - Volatility Comparison
The current volatility for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) is 28.12%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 34.98%. This indicates that BTDR experiences smaller price fluctuations and is considered to be less risky than TSLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTDR | TSLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.12% | 34.98% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 71.35% | 62.37% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.86% | 89.33% | +12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.77% | 117.20% | +5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 122.77% | 117.20% | +5.57% |
Dividends
BTDR vs. TSLT - Dividend Comparison
Neither BTDR nor TSLT has paid dividends to shareholders.
Frequently Asked Questions
BTDR and TSLT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLT has higher volatility (34.98%) compared to BTDR (28.12%). In terms of maximum drawdown, BTDR dropped -79.52% vs TSLT's -83.16%.
TSLT currently has the higher Sharpe Ratio (0.13 vs -0.08), 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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