METD vs. TSLZ

Last updated Aug 2, 2026

METD (Direxion Daily META Bear 1X ETF) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, METD returned 24.41% vs -48.25% for TSLZ. Their 0.41 correlation means their historical movements had little consistent relationship. METD charges 1.00%/yr vs 1.05%/yr for TSLZ.

Performance

METD vs. TSLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bear 1X ETF (METD) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METD achieves a 10.02% return, which is significantly lower than TSLZ's 45.39% return.

METD

• 1D: -3.30%
• 1M: 3.04%
• 6M: 20.93%
• YTD: 10.02%
• 1Y: 24.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -11.68%

TSLZ

• 1D: -1.43%
• 1M: 44.35%
• 6M: 37.89%
• YTD: 45.39%
• 1Y: -48.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -71.84%

*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)
METD Direxion Daily META Bear 1X ETF	$10.85M	$12.45M	$7.88M
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	$39.89M	$35.72M	$42.79M

METD vs. TSLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
METD Direxion Daily META Bear 1X ETF	10.02%	-17.33%	-15.84%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	45.39%	-75.98%	-92.10%

Correlation

The correlation between METD and TSLZ is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.41

Return for Risk

METD vs. TSLZ — Risk / Return Rank

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

METD

METD Risk / Return Rank: 32
METD Sharpe Ratio Rank: 31
METD Sortino Ratio Rank: 33
METD Omega Ratio Rank: 35
METD Calmar Ratio Rank: 32
METD Martin Ratio Rank: 29

TSLZ

TSLZ Risk / Return Rank: 5
TSLZ Sharpe Ratio Rank: 5
TSLZ Sortino Ratio Rank: 6
TSLZ Omega Ratio Rank: 6
TSLZ Calmar Ratio Rank: 4
TSLZ 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.

METD vs. TSLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bear 1X ETF (METD) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). 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.

	METD	TSLZ	Difference
Sharpe ratio: Return per unit of total volatility	0.74	-0.51	+1.25
Sortino ratio: Return per unit of downside risk	1.24	-0.33	+1.57
Omega ratio: Gain probability vs. loss probability	1.17	0.96	+0.20
Calmar ratio: Return relative to maximum drawdown	1.09	-0.67	+1.76
Martin ratio: Return relative to average drawdown	2.50	-0.82	+3.32

METD vs. TSLZ - Sharpe Ratio Comparison

The current METD Sharpe Ratio is 0.74, which is higher than the TSLZ Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of METD and TSLZ, 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

METD vs. TSLZ - Drawdown Comparison

The maximum METD drawdown since its inception was -46.03%, smaller than the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for METD and TSLZ.

Drawdown Indicators

	METD	TSLZ	Difference
Max Drawdown Largest peak-to-trough decline	-46.03%	-99.11%	+53.08%
Max Drawdown (1Y) Largest decline over 1 year	-26.03%	-69.73%	+43.70%
Current Drawdown Current decline from peak	-29.29%	-98.47%	+69.18%
Average Drawdown Average peak-to-trough decline	-28.87%	-76.60%	+47.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.39%	56.63%	-45.24%

Volatility

METD vs. TSLZ - Volatility Comparison

The current volatility for Direxion Daily META Bear 1X ETF (METD) is 15.23%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 37.13%. This indicates that METD experiences smaller price fluctuations and is considered to be less risky than TSLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METD	TSLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.23%	37.13%	-21.90%
Volatility (6M) Calculated over the trailing 6-month period	30.46%	67.39%	-36.93%
Volatility (1Y) Calculated over the trailing 1-year period	40.18%	91.79%	-51.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.75%	117.68%	-79.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.75%	117.68%	-79.93%

METD vs. TSLZ - Expense Ratio Comparison

METD has a 1.00% expense ratio, which is lower than TSLZ's 1.05% expense ratio.

Dividends

METD vs. TSLZ - Dividend Comparison

METD's dividend yield for the trailing twelve months is around 2.51%, more than TSLZ's 0.47% yield.

Position	TTM	2025	2024	2023
METD Direxion Daily META Bear 1X ETF	2.51%	3.35%	2.30%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.47%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both METD and TSLZ in my portfolio?

METD and TSLZ have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METD or TSLZ?

TSLZ has higher volatility (37.13%) compared to METD (15.23%). In terms of maximum drawdown, METD dropped -46.03% vs TSLZ's -99.11%.

Which ETF is better, METD or TSLZ?

On 1-year performance, METD leads with 24.41% vs -48.25% for TSLZ. On fees, METD is cheaper at 1.00% per year. On volatility, METD has been the lower-risk option at 15.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METD or TSLZ?

Over the 1-year period, METD has performed better with a 24.41% return vs -48.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METD or TSLZ?

METD is cheaper with a 1.00% expense ratio, compared with 1.05% for TSLZ.

Which ETF pays a higher dividend yield, METD or TSLZ?

METD has the higher dividend yield at 2.51%, compared with 0.47% for TSLZ.

What is the main difference between METD and TSLZ?

They also come from different issuers: Direxion and T-Rex. Their fees differ too: 1.00% for METD and 1.05% for TSLZ.

Which has better risk-adjusted returns?

METD currently has the higher Sharpe Ratio (0.74 vs -0.51), 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.