SMUP vs. TSLZ
SMUP (T-REX 2X Long SMR Daily Target ETF) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both exchange-traded funds - SMUP is a Leveraged Equities fund actively managed by T-Rex, while TSLZ is a Inverse Equities fund actively managed by T-Rex. Both are actively managed. At a correlation of -0.42, they often move in opposite directions. SMUP charges 1.50%/yr vs 1.05%/yr for TSLZ.
Performance
SMUP vs. TSLZ - Performance Comparison
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Returns By Period
In the year-to-date period, SMUP achieves a -77.45% return, which is significantly lower than TSLZ's -8.55% return.
SMUP
- 1D
- -0.75%
- 1M
- -21.61%
- 6M
- -88.72%
- YTD
- -77.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLZ
- 1D
- -0.55%
- 1M
- -7.82%
- 6M
- -9.36%
- YTD
- -8.55%
- 1Y
- -66.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMUP vs. TSLZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMUP T-REX 2X Long SMR Daily Target ETF | -77.45% | -95.38% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | -8.55% | -64.30% |
Correlation
The correlation between SMUP and TSLZ is -0.42, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | -0.42 |
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Return for Risk
SMUP vs. TSLZ — Risk / Return Rank
SMUP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLZ
SMUP vs. TSLZ - 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 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.
| SMUP | TSLZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.88 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.97 | — |
| Martin ratioReturn relative to average drawdown | — | -1.23 | — |
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Drawdowns
SMUP vs. TSLZ - Drawdown Comparison
The maximum SMUP drawdown since its inception was -99.09%, roughly equal to the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for SMUP and TSLZ.
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Drawdown Indicators
| SMUP | TSLZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.09% | -99.11% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.73% | — |
Current DrawdownCurrent decline from peak | -99.03% | -99.04% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -80.87% | -76.11% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 54.96% | — |
Volatility
SMUP vs. TSLZ - Volatility Comparison
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Volatility by Period
| SMUP | TSLZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 35.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 62.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 200.07% | 88.44% | +111.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.07% | 117.17% | +82.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.07% | 117.17% | +82.90% |
SMUP vs. TSLZ - Expense Ratio Comparison
SMUP has a 1.50% expense ratio, which is higher than TSLZ's 1.05% expense ratio.
Dividends
SMUP vs. TSLZ - Dividend Comparison
SMUP's dividend yield for the trailing twelve months is around 100.16%, more than TSLZ's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SMUP T-REX 2X Long SMR Daily Target ETF | 100.16% | 22.59% | 0.00% | 0.00% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 0.75% | 0.69% | 2.08% | 12.15% |
Frequently Asked Questions
SMUP 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.
On fees, TSLZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLZ is cheaper with a 1.05% expense ratio, compared with 1.50% for SMUP.
SMUP has the higher dividend yield at 100.16%, compared with 0.75% for TSLZ.
SMUP is categorized as Leveraged Equities, while TSLZ is Inverse Equities. Their fees differ too: 1.50% for SMUP and 1.05% for TSLZ.
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