PLTD vs. TSLZ

Last updated Apr 17, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both Inverse Equities funds. PLTD is passively managed, while TSLZ is actively managed. Over the past year, PLTD returned -46.69% vs -80.78% for TSLZ. At 0.45, their price movements are largely independent. PLTD charges 0.98%/yr vs 1.05%/yr for TSLZ.

Performance

PLTD vs. TSLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bear 1X Shares (PLTD) 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, PLTD achieves a 16.59% return, which is significantly lower than TSLZ's 17.49% return.

PLTD

• 1D: -0.39%
• 1M: 5.98%
• YTD: 16.59%
• 6M: 12.76%
• 1Y: -46.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLZ

• 1D: 1.38%
• 1M: -0.99%
• YTD: 17.49%
• 6M: -4.79%
• 1Y: -80.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTD vs. TSLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTD Direxion Daily PLTR Bear 1X Shares	16.59%	-70.53%	-5.12%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	17.49%	-75.98%	1.07%

Correlation

The correlation between PLTD and TSLZ is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.45

Return for Risk

PLTD vs. TSLZ — Risk / Return Rank

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

PLTD

PLTD Risk / Return Rank: 2
PLTD Sharpe Ratio Rank: 1
PLTD Sortino Ratio Rank: 1
PLTD Omega Ratio Rank: 2
PLTD Calmar Ratio Rank: 2
PLTD Martin Ratio Rank: 2

TSLZ

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

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.

PLTD vs. TSLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) 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.

	PLTD	TSLZ	Difference
Sharpe ratio Return per unit of total volatility	-0.88	-0.84	-0.05
Sortino ratio Return per unit of downside risk	-1.32	-1.64	+0.32
Omega ratio Gain probability vs. loss probability	0.85	0.82	+0.04
Calmar ratio Return relative to maximum drawdown	-0.78	-0.90	+0.12
Martin ratio Return relative to average drawdown	-1.00	-1.07	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTD vs. TSLZ - Sharpe Ratio Comparison

The current PLTD Sharpe Ratio is -0.88, which is comparable to the TSLZ Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of PLTD 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.

Sharpe Ratios by Period

	PLTD	TSLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	-0.84	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.89	-0.66	-0.23

Drawdowns

PLTD vs. TSLZ - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, smaller than the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for PLTD and TSLZ.

Drawdown Indicators

	PLTD	TSLZ	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	-99.11%	+21.77%
Max Drawdown (1Y) Largest decline over 1 year	-60.37%	-87.55%	+27.18%
Current Drawdown Current decline from peak	-70.14%	-98.77%	+28.63%
Average Drawdown Average peak-to-trough decline	-58.39%	-74.11%	+15.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.14%	73.88%	-26.74%

Volatility

PLTD vs. TSLZ - Volatility Comparison

The current volatility for Direxion Daily PLTR Bear 1X Shares (PLTD) is 17.67%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 29.73%. This indicates that PLTD 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

	PLTD	TSLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.67%	29.73%	-12.06%
Volatility (6M) Calculated over the trailing 6-month period	37.67%	58.59%	-20.92%
Volatility (1Y) Calculated over the trailing 1-year period	53.58%	97.52%	-43.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.34%	118.89%	-54.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.34%	118.89%	-54.55%

PLTD vs. TSLZ - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is lower than TSLZ's 1.05% expense ratio.

Dividends

PLTD vs. TSLZ - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 3.17%, more than TSLZ's 0.58% yield.

	TTM	2025	2024	2023
PLTD Direxion Daily PLTR Bear 1X Shares	3.17%	5.17%	0.00%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.58%	0.69%	2.08%	12.15%