TSLQ vs. TSLZ
Compare and contrast key facts about AXS TSLA Bear Daily ETF (TSLQ) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ).
TSLQ and TSLZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022. 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: TSLQ or TSLZ.
Correlation
The correlation between TSLQ and TSLZ is 0.98, 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
TSLQ vs. TSLZ - Performance Comparison
Key characteristics
TSLQ:
0.00
TSLZ:
-0.71
TSLQ:
4.57
TSLZ:
-1.43
TSLQ:
1.61
TSLZ:
0.82
TSLQ:
0.03
TSLZ:
-0.94
TSLQ:
0.06
TSLZ:
-1.28
TSLQ:
40.64%
TSLZ:
70.84%
TSLQ:
532.66%
TSLZ:
128.44%
TSLQ:
-91.33%
TSLZ:
-96.69%
TSLQ:
-54.87%
TSLZ:
-94.46%
Returns By Period
The year-to-date returns for both stocks are quite close, with TSLQ having a 27.83% return and TSLZ slightly lower at 26.71%.
TSLQ
27.83%
41.76%
29.42%
1.34%
N/A
N/A
TSLZ
26.71%
41.48%
-79.40%
-90.80%
N/A
N/A
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TSLQ vs. TSLZ - Expense Ratio Comparison
TSLQ has a 1.15% expense ratio, which is higher than TSLZ's 1.05% expense ratio.
Risk-Adjusted Performance
TSLQ vs. TSLZ — Risk-Adjusted Performance Rank
TSLQ
TSLZ
TSLQ vs. TSLZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AXS TSLA Bear Daily ETF (TSLQ) 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
TSLQ vs. TSLZ - Dividend Comparison
TSLQ's dividend yield for the trailing twelve months is around 3.87%, more than TSLZ's 1.65% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSLQ AXS TSLA Bear Daily ETF | 3.87% | 4.95% | 13.35% | 15.34% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 1.65% | 2.09% | 12.14% | 0.00% |
Drawdowns
TSLQ vs. TSLZ - Drawdown Comparison
The maximum TSLQ drawdown since its inception was -91.33%, smaller than the maximum TSLZ drawdown of -96.69%. Use the drawdown chart below to compare losses from any high point for TSLQ and TSLZ. For additional features, visit the drawdowns tool.
Volatility
TSLQ vs. TSLZ - Volatility Comparison
AXS TSLA Bear Daily ETF (TSLQ) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) have volatilities of 27.32% and 27.46%, 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.