SMUP vs. TSLT
SMUP (T-REX 2X Long SMR 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. At a 0.40 correlation, their price movements are largely independent. SMUP charges 1.50%/yr vs 1.05%/yr for TSLT.
Performance
SMUP vs. TSLT - Performance Comparison
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Returns By Period
In the year-to-date period, SMUP achieves a -56.52% return, which is significantly lower than TSLT's -23.81% return.
SMUP
- 1D
- -5.76%
- 1M
- -7.99%
- YTD
- -56.52%
- 6M
- -84.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLT
- 1D
- -2.58%
- 1M
- 12.31%
- YTD
- -23.81%
- 6M
- -27.01%
- 1Y
- 8.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMUP vs. TSLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMUP T-REX 2X Long SMR Daily Target ETF | -56.52% | -95.72% |
TSLT T-Rex 2X Long Tesla Daily Target ETF | -23.81% | 74.01% |
Correlation
The correlation between SMUP and TSLT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 28, 2025 | 0.40 |
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Return for Risk
SMUP vs. TSLT — Risk / Return Rank
SMUP
TSLT
SMUP vs. TSLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long SMR Daily Target ETF (SMUP) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SMUP | TSLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.00 | -0.49 |
Drawdowns
SMUP vs. TSLT - Drawdown Comparison
The maximum SMUP drawdown since its inception was -98.64%, which is greater than TSLT's maximum drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for SMUP and TSLT.
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Drawdown Indicators
| SMUP | TSLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.64% | -83.16% | -15.48% |
Max Drawdown (1Y)Largest decline over 1 year | — | -55.08% | — |
Current DrawdownCurrent decline from peak | -98.14% | -62.99% | -35.15% |
Average DrawdownAverage peak-to-trough decline | -79.25% | -50.25% | -29.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 26.67% | — |
Volatility
SMUP vs. TSLT - Volatility Comparison
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Volatility by Period
| SMUP | TSLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 203.27% | 92.43% | +110.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 203.27% | 116.97% | +86.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 203.27% | 116.97% | +86.30% |
SMUP vs. TSLT - Expense Ratio Comparison
SMUP has a 1.50% expense ratio, which is higher than TSLT's 1.05% expense ratio.
Dividends
SMUP vs. TSLT - Dividend Comparison
SMUP's dividend yield for the trailing twelve months is around 51.96%, while TSLT has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
SMUP T-REX 2X Long SMR Daily Target ETF | 51.96% | 22.59% |
TSLT T-Rex 2X Long Tesla Daily Target ETF | 0.00% | 0.00% |
Frequently Asked Questions
SMUP and TSLT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLT is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLT is cheaper with a 1.05% expense ratio, compared with 1.50% for SMUP.
SMUP has the higher dividend yield at 51.96%, compared with 0.00% for TSLT.
Their fees differ too: 1.50% for SMUP and 1.05% for TSLT.
Find the right allocation for SMUP and TSLT
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