TSLR vs. TSLT
Compare and contrast key facts about GraniteShares 2x Long TSLA Daily ETF (TSLR) and T-Rex 2X Long Tesla Daily Target ETF (TSLT).
TSLR and TSLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. TSLT 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: TSLR or TSLT.
Key characteristics
| TSLR | TSLT | |
|---|---|---|
| YTD Return | 19.14% | 10.58% |
| 1Y Return | 26.60% | 18.03% |
| Sharpe Ratio | 0.33 | 0.26 |
| Sortino Ratio | 1.42 | 1.34 |
| Omega Ratio | 1.17 | 1.16 |
| Calmar Ratio | 0.52 | 0.43 |
| Martin Ratio | 0.89 | 0.68 |
| Ulcer Index | 44.56% | 47.27% |
| Daily Std Dev | 121.49% | 121.93% |
| Max Drawdown | -76.58% | -73.98% |
| Current Drawdown | -11.59% | -11.41% |
Correlation
The correlation between TSLR and TSLT 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
TSLR vs. TSLT - Performance Comparison
In the year-to-date period, TSLR achieves a 19.14% return, which is significantly higher than TSLT's 10.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSLR vs. TSLT - Expense Ratio Comparison
TSLR has a 1.50% expense ratio, which is higher than TSLT's 1.05% expense ratio.
Risk-Adjusted Performance
TSLR vs. TSLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) 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.
Dividends
TSLR vs. TSLT - Dividend Comparison
Neither TSLR nor TSLT has paid dividends to shareholders.
Drawdowns
TSLR vs. TSLT - Drawdown Comparison
The maximum TSLR drawdown since its inception was -76.58%, roughly equal to the maximum TSLT drawdown of -73.98%. Use the drawdown chart below to compare losses from any high point for TSLR and TSLT. For additional features, visit the drawdowns tool.
Volatility
TSLR vs. TSLT - Volatility Comparison
GraniteShares 2x Long TSLA Daily ETF (TSLR) and T-Rex 2X Long Tesla Daily Target ETF (TSLT) have volatilities of 52.78% and 52.81%, 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.