GMEU vs. TSLT
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. Both are actively managed. Over the past year, GMEU returned -48.94% vs 11.32% for TSLT. At a 0.29 correlation, their price movements are largely independent. GMEU charges 1.50%/yr vs 1.05%/yr for TSLT.
Performance
GMEU vs. TSLT - Performance Comparison
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Returns By Period
In the year-to-date period, GMEU achieves a -11.48% return, which is significantly higher than TSLT's -30.03% return.
GMEU
- 1D
- -2.77%
- 1M
- -9.61%
- YTD
- -11.48%
- 6M
- -25.00%
- 1Y
- -48.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLT
- 1D
- 2.47%
- 1M
- -12.09%
- YTD
- -30.03%
- 6M
- -41.06%
- 1Y
- 11.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMEU vs. TSLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMEU T-Rex 2X Long GME Daily Target ETF | -11.48% | -65.67% |
TSLT T-Rex 2X Long Tesla Daily Target ETF | -30.03% | 85.55% |
Correlation
The correlation between GMEU and TSLT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.29 |
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Return for Risk
GMEU vs. TSLT — Risk / Return Rank
GMEU
TSLT
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 ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.09 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.21 | -1.05 |
| Martin ratioReturn relative to average drawdown | -1.34 | 0.41 | -1.74 |
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Drawdowns
GMEU vs. TSLT - Drawdown Comparison
The maximum GMEU drawdown since its inception was -80.43%, 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.
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Drawdown Indicators
| GMEU | TSLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.43% | -83.16% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -58.23% | -55.08% | -3.15% |
Current DrawdownCurrent decline from peak | -80.38% | -66.01% | -14.37% |
Average DrawdownAverage peak-to-trough decline | -63.63% | -50.59% | -13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.62% | 27.96% | +8.66% |
Volatility
GMEU vs. TSLT - Volatility Comparison
The current volatility for T-Rex 2X Long GME Daily Target ETF (GMEU) is 17.40%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 25.95%. 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.
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Volatility by Period
| GMEU | TSLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.40% | 25.95% | -8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 55.83% | 55.69% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.31% | 88.37% | -17.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.26% | 116.74% | -28.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.26% | 116.74% | -28.48% |
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.
Frequently Asked Questions
GMEU and TSLT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLT has higher volatility (25.95%) compared to GMEU (17.40%). In terms of maximum drawdown, GMEU dropped -80.43% vs TSLT's -83.16%.
On 1-year performance, TSLT leads with 11.32% vs -48.94% for GMEU. On fees, TSLT is cheaper at 1.05% per year. On volatility, GMEU has been the lower-risk option at 17.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLT has performed better with a 11.32% return vs -48.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLT is cheaper with a 1.05% expense ratio, compared with 1.50% for GMEU.
GMEU and TSLT have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.50% for GMEU and 1.05% for TSLT.
TSLT currently has the higher Sharpe Ratio (0.13 vs -0.69), 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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