METD vs. TSLZ

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily META Bear 1X ETF (METD) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ).

METD and TSLZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METD is an actively managed fund by Direxion. It was launched on Jun 5, 2024. TSLZ is an actively managed fund by T-Rex. It was launched on Oct 18, 2023.

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.

METD vs. TSLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
METD Direxion Daily META Bear 1X ETF	12.25%	-17.33%	-15.84%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	26.84%	-75.98%	-92.07%

Returns By Period

In the year-to-date period, METD achieves a 12.25% return, which is significantly lower than TSLZ's 26.84% return.

METD

• 1D: -6.54%
• 1M: 11.62%
• YTD: 12.25%
• 6M: 23.48%
• 1Y: -7.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLZ

• 1D: -5.23%
• 1M: 7.73%
• YTD: 26.84%
• 6M: 12.94%
• 1Y: -80.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

METD vs. TSLZ - Expense Ratio Comparison

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

TSLZ

T-Rex 2X Inverse Tesla Daily Target ETF

METD

Direxion Daily META Bear 1X ETF

Return for Risk

METD vs. TSLZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

METD

METD Risk / Return Rank: 9
METD Sharpe Ratio Rank: 8
METD Sortino Ratio Rank: 9
METD Omega Ratio Rank: 9
METD Calmar Ratio Rank: 9
METD Martin Ratio Rank: 10

TSLZ

TSLZ Risk / Return Rank: 2
TSLZ Sharpe Ratio Rank: 2
TSLZ Sortino Ratio Rank: 1
TSLZ Omega Ratio Rank: 1
TSLZ Calmar Ratio Rank: 0
TSLZ Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	METD	TSLZ	Difference
Sharpe ratio Return per unit of total volatility	-0.20	-0.73	+0.54
Sortino ratio Return per unit of downside risk	0.00	-1.18	+1.18
Omega ratio Gain probability vs. loss probability	1.00	0.85	+0.15
Calmar ratio Return relative to maximum drawdown	-0.19	-0.91	+0.71
Martin ratio Return relative to average drawdown	-0.27	-1.05	+0.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

METD vs. TSLZ - Sharpe Ratio Comparison

The current METD Sharpe Ratio is -0.20, which is higher than the TSLZ Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of METD and TSLZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	METD	TSLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	-0.73	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	-0.66	+0.30

Correlation

The correlation between METD and TSLZ is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

METD vs. TSLZ - Dividend Comparison

METD's dividend yield for the trailing twelve months is around 2.43%, more than TSLZ's 0.54% yield.

	TTM	2025	2024	2023
METD Direxion Daily META Bear 1X ETF	2.43%	3.35%	2.30%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.54%	0.69%	2.08%	12.15%

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	-39.89%	-90.53%	+50.64%
Current Drawdown Current decline from peak	-27.85%	-98.67%	+70.82%
Average Drawdown Average peak-to-trough decline	-28.04%	-73.71%	+45.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.13%	78.12%	-48.99%

Volatility

METD vs. TSLZ - Volatility Comparison

The current volatility for Direxion Daily META Bear 1X ETF (METD) is 13.49%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 22.93%. 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	13.49%	22.93%	-9.44%
Volatility (6M) Calculated over the trailing 6-month period	26.76%	58.42%	-31.66%
Volatility (1Y) Calculated over the trailing 1-year period	40.30%	110.05%	-69.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.27%	119.08%	-82.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.27%	119.08%	-82.81%