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.
Key characteristics
| BTDR | TSLT | |
|---|---|---|
| YTD Return | -29.92% | -41.31% |
| Daily Std Dev | 131.62% | 109.62% |
| Max Drawdown | -79.52% | -73.98% |
| Current Drawdown | -51.71% | -47.08% |
Correlation
The correlation between BTDR and TSLT is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTDR vs. TSLT - Performance Comparison
In the year-to-date period, BTDR achieves a -29.92% return, which is significantly higher than TSLT's -41.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Not enough dataDividends
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%, which is greater than TSLT's maximum drawdown of -73.98%. Use the drawdown chart below to compare losses from any high point for BTDR and TSLT. For additional features, visit the drawdowns tool.
Volatility
BTDR vs. TSLT - Volatility Comparison
The current volatility for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) is 23.41%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 32.56%. 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.