GMEU vs. TSLT

Last updated Aug 1, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and TSLT (T-Rex 2X Long Tesla Daily Target ETF) are both Leveraged Equities funds from T-Rex. GMEU is actively managed, while TSLT is passively managed. Over the past year, GMEU returned -38.64% vs -27.14% for TSLT. Their 0.29 correlation means their historical movements had little consistent relationship. GMEU charges 1.50%/yr vs 1.05%/yr for TSLT.

Performance

GMEU vs. TSLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) 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, GMEU achieves a -10.68% return, which is significantly higher than TSLT's -61.81% return.

GMEU

• 1D: -1.64%
• 1M: -11.89%
• 6M: -34.35%
• YTD: -10.68%
• 1Y: -38.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -61.04%

TSLT

• 1D: 1.29%
• 1M: -40.70%
• 6M: -57.20%
• YTD: -61.81%
• 1Y: -27.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -23.82%

*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)
GMEU T-Rex 2X Long GME Daily Target ETF	$3.41M	$2.21M	$2.51M
TSLT T-Rex 2X Long Tesla Daily Target ETF	$37.83M	$41.41M	$54.11M

GMEU vs. TSLT - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-10.68%	-65.67%
TSLT T-Rex 2X Long Tesla Daily Target ETF	-61.81%	85.55%

Correlation

The correlation between GMEU and TSLT is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.29

Return for Risk

GMEU vs. TSLT — Risk / Return Rank

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

GMEU

GMEU Risk / Return Rank: 5
GMEU Sharpe Ratio Rank: 4
GMEU Sortino Ratio Rank: 5
GMEU Omega Ratio Rank: 5
GMEU Calmar Ratio Rank: 4
GMEU Martin Ratio Rank: 4

TSLT

TSLT Risk / Return Rank: 8
TSLT Sharpe Ratio Rank: 7
TSLT Sortino Ratio Rank: 11
TSLT Omega Ratio Rank: 10
TSLT Calmar Ratio Rank: 6
TSLT Martin Ratio Rank: 5

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.

GMEU vs. TSLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) 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.

	GMEU	TSLT	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	-0.33	-0.26
Sortino ratio: Return per unit of downside risk	-0.57	0.12	-0.68
Omega ratio: Gain probability vs. loss probability	0.94	1.01	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.69	-0.43	-0.26
Martin ratio: Return relative to average drawdown	-1.01	-0.94	-0.07

GMEU vs. TSLT - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.58, which is lower than the TSLT Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of GMEU and TSLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMEU vs. TSLT - Drawdown Comparison

The maximum GMEU drawdown since its inception was -81.07%, roughly equal to the maximum TSLT drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for GMEU and TSLT.

Drawdown Indicators

	GMEU	TSLT	Difference
Max Drawdown Largest peak-to-trough decline	-81.07%	-83.16%	+2.09%
Max Drawdown (1Y) Largest decline over 1 year	-59.59%	-70.65%	+11.06%
Current Drawdown Current decline from peak	-80.20%	-81.45%	+1.25%
Average Drawdown Average peak-to-trough decline	-65.03%	-51.45%	-13.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.57%	32.01%	+8.56%

Volatility

GMEU vs. TSLT - Volatility Comparison

The current volatility for T-Rex 2X Long GME Daily Target ETF (GMEU) is 13.01%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 43.62%. This indicates that GMEU 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.

Volatility by Period

	GMEU	TSLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.01%	43.62%	-30.61%
Volatility (6M) Calculated over the trailing 6-month period	53.03%	70.67%	-17.64%
Volatility (1Y) Calculated over the trailing 1-year period	70.63%	92.45%	-21.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.59%	117.71%	-32.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.59%	117.71%	-32.12%

GMEU vs. TSLT - Expense Ratio Comparison

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

Dividends

GMEU vs. TSLT - Dividend Comparison

Neither GMEU nor TSLT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GMEU and TSLT in my portfolio?

GMEU and TSLT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMEU or TSLT?

TSLT has higher volatility (43.62%) compared to GMEU (13.01%). In terms of maximum drawdown, GMEU dropped -81.07% vs TSLT's -83.16%.

Which ETF is better, GMEU or TSLT?

On 1-year performance, TSLT leads with -27.14% vs -38.64% for GMEU. On fees, TSLT is cheaper at 1.05% per year. On volatility, GMEU has been the lower-risk option at 13.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or TSLT?

Over the 1-year period, TSLT has performed better with a -27.14% return vs -38.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or TSLT?

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

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

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

What is the main difference between GMEU and TSLT?

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

Which has better risk-adjusted returns?

TSLT currently has the higher Sharpe Ratio (-0.33 vs -0.58), 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.