TSDD vs. TSLZ
Compare and contrast key facts about GraniteShares 2x Short TSLA Daily ETF (TSDD) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ).
TSDD and TSLZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSDD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. TSLZ is an actively managed fund by T-Rex. It was launched on Oct 18, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSDD or TSLZ.
Correlation
The correlation between TSDD and TSLZ is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSDD vs. TSLZ - Performance Comparison
Key characteristics
TSDD:
-0.72
TSLZ:
-0.71
TSDD:
-1.45
TSLZ:
-1.40
TSDD:
0.81
TSLZ:
0.82
TSDD:
-0.93
TSLZ:
-0.93
TSDD:
-1.50
TSLZ:
-1.50
TSDD:
59.83%
TSLZ:
59.88%
TSDD:
125.31%
TSLZ:
125.80%
TSDD:
-96.59%
TSLZ:
-96.69%
TSDD:
-95.72%
TSLZ:
-95.86%
Returns By Period
The year-to-date returns for both investments are quite close, with TSDD having a -89.85% return and TSLZ slightly higher at -89.39%.
TSDD
-89.85%
-40.60%
-91.36%
-89.60%
N/A
N/A
TSLZ
-89.39%
-41.22%
-91.64%
-89.11%
N/A
N/A
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TSDD vs. TSLZ - Expense Ratio Comparison
TSDD has a 1.50% expense ratio, which is higher than TSLZ's 1.05% expense ratio.
Risk-Adjusted Performance
TSDD vs. TSLZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short TSLA Daily ETF (TSDD) 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.
Dividends
TSDD vs. TSLZ - Dividend Comparison
TSDD's dividend yield for the trailing twelve months is around 244.74%, more than TSLZ's 114.48% yield.
| TTM | 2023 | |
|---|---|---|
TSDD GraniteShares 2x Short TSLA Daily ETF | 244.74% | 24.84% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 114.48% | 12.14% |
Drawdowns
TSDD vs. TSLZ - Drawdown Comparison
The maximum TSDD drawdown since its inception was -96.59%, roughly equal to the maximum TSLZ drawdown of -96.69%. Use the drawdown chart below to compare losses from any high point for TSDD and TSLZ. For additional features, visit the drawdowns tool.
Volatility
TSDD vs. TSLZ - Volatility Comparison
GraniteShares 2x Short TSLA Daily ETF (TSDD) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) have volatilities of 32.73% and 33.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.