OILD vs. TSLZ

Last updated Aug 5, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both Inverse Equities funds. OILD is passively managed, while TSLZ is actively managed. Over the past year, OILD returned -70.97% vs -51.66% for TSLZ. Their 0.08 correlation means their historical movements had little consistent relationship. OILD charges 0.95%/yr vs 1.05%/yr for TSLZ.

Performance

OILD vs. TSLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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, OILD achieves a -62.98% return, which is significantly lower than TSLZ's 30.55% return.

OILD

• 1D: 1.27%
• 1M: -27.98%
• 6M: -43.08%
• YTD: -62.98%
• 1Y: -70.97%
• 3Y*: -42.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -58.87%

TSLZ

• 1D: -3.37%
• 1M: 29.62%
• 6M: 18.97%
• YTD: 30.55%
• 1Y: -51.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -72.77%

*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)
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	$2.68M	$2.54M	$3.73M
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	$38.09M	$32.22M	$41.20M

OILD vs. TSLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-62.98%	-41.67%	-14.58%	27.27%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	30.55%	-75.98%	-88.79%	-24.75%

Correlation

The correlation between OILD and TSLZ is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.08

The correlation between OILD and TSLZ shifts across timeframes, from -0.12 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

OILD vs. TSLZ — Risk / Return Rank

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

OILD

OILD Risk / Return Rank: 1
OILD Sharpe Ratio Rank: 1
OILD Sortino Ratio Rank: 0
OILD Omega Ratio Rank: 1
OILD Calmar Ratio Rank: 1
OILD Martin Ratio Rank: 1

TSLZ

TSLZ Risk / Return Rank: 5
TSLZ Sharpe Ratio Rank: 4
TSLZ Sortino Ratio Rank: 5
TSLZ Omega Ratio Rank: 5
TSLZ Calmar Ratio Rank: 3
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.

OILD vs. TSLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.

	OILD	TSLZ	Difference
Sharpe ratio: Return per unit of total volatility	-1.12	-0.56	-0.56
Sortino ratio: Return per unit of downside risk	-2.25	-0.48	-1.77
Omega ratio: Gain probability vs. loss probability	0.77	0.95	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.95	-0.76	-0.20
Martin ratio: Return relative to average drawdown	-1.42	-0.93	-0.49

OILD vs. TSLZ - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -1.12, which is lower than the TSLZ Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of OILD 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

OILD vs. TSLZ - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, roughly equal to the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for OILD and TSLZ.

Drawdown Indicators

	OILD	TSLZ	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	-99.11%	+0.21%
Max Drawdown (1Y) Largest decline over 1 year	-74.53%	-68.61%	-5.92%
Max Drawdown (3Y) Largest decline over 3 years	-85.42%	—	—
Current Drawdown Current decline from peak	-98.80%	-98.63%	-0.17%
Average Drawdown Average peak-to-trough decline	-88.92%	-76.66%	-12.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.00%	55.35%	-5.35%

Volatility

OILD vs. TSLZ - Volatility Comparison

The current volatility for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) is 20.27%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 32.71%. This indicates that OILD 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

	OILD	TSLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.27%	32.71%	-12.44%
Volatility (6M) Calculated over the trailing 6-month period	50.12%	67.42%	-17.30%
Volatility (1Y) Calculated over the trailing 1-year period	63.36%	91.78%	-28.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.04%	117.59%	-38.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.04%	117.59%	-38.55%

OILD vs. TSLZ - Expense Ratio Comparison

OILD has a 0.95% expense ratio, which is lower than TSLZ's 1.05% expense ratio.

Dividends

OILD vs. TSLZ - Dividend Comparison

OILD has not paid dividends to shareholders, while TSLZ's dividend yield for the trailing twelve months is around 0.53%.

Position	TTM	2025	2024	2023
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	0.00%	0.00%	0.00%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.53%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both OILD and TSLZ in my portfolio?

OILD and TSLZ have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILD or TSLZ?

TSLZ has higher volatility (32.71%) compared to OILD (20.27%). In terms of maximum drawdown, OILD dropped -98.90% vs TSLZ's -99.11%.

Which ETF is better, OILD or TSLZ?

On 1-year performance, TSLZ leads with -51.66% vs -70.97% for OILD. On fees, OILD is cheaper at 0.95% per year. On volatility, OILD has been the lower-risk option at 20.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILD or TSLZ?

Over the 1-year period, TSLZ has performed better with a -51.66% return vs -70.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILD or TSLZ?

OILD is cheaper with a 0.95% expense ratio, compared with 1.05% for TSLZ.

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

TSLZ has the higher dividend yield at 0.53%, compared with 0.00% for OILD.

What is the main difference between OILD and TSLZ?

They also come from different issuers: REX and T-Rex. Their fees differ too: 0.95% for OILD and 1.05% for TSLZ.

Which has better risk-adjusted returns?

TSLZ currently has the higher Sharpe Ratio (-0.56 vs -1.12), 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.