TSLS vs. TSLZ
Compare and contrast key facts about Direxion Daily TSLA Bear 1X Shares (TSLS) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ).
TSLS and TSLZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLS is a passively managed fund by Direxion that tracks the performance of the Tesla Inc (--100%). It was launched on Aug 8, 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: TSLS or TSLZ.
Key characteristics
| TSLS | TSLZ | |
|---|---|---|
| YTD Return | -43.76% | -80.50% |
| 1Y Return | -46.52% | -82.83% |
| Sharpe Ratio | -0.81 | -0.70 |
| Sortino Ratio | -1.02 | -1.11 |
| Omega Ratio | 0.86 | 0.85 |
| Calmar Ratio | -0.61 | -0.91 |
| Martin Ratio | -1.59 | -1.64 |
| Ulcer Index | 31.20% | 51.83% |
| Daily Std Dev | 61.14% | 122.38% |
| Max Drawdown | -81.35% | -93.11% |
| Current Drawdown | -80.32% | -92.39% |
Correlation
The correlation between TSLS 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
TSLS vs. TSLZ - Performance Comparison
In the year-to-date period, TSLS achieves a -43.76% return, which is significantly higher than TSLZ's -80.50% 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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TSLS vs. TSLZ - Expense Ratio Comparison
TSLS has a 1.07% expense ratio, which is higher than TSLZ's 1.05% expense ratio.
Risk-Adjusted Performance
TSLS vs. TSLZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily TSLA Bear 1X Shares (TSLS) 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
TSLS vs. TSLZ - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 7.53%, less than TSLZ's 62.28% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 7.53% | 4.52% | 3.46% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 62.28% | 12.14% | 0.00% |
Drawdowns
TSLS vs. TSLZ - Drawdown Comparison
The maximum TSLS drawdown since its inception was -81.35%, smaller than the maximum TSLZ drawdown of -93.11%. Use the drawdown chart below to compare losses from any high point for TSLS and TSLZ. For additional features, visit the drawdowns tool.
Volatility
TSLS vs. TSLZ - Volatility Comparison
The current volatility for Direxion Daily TSLA Bear 1X Shares (TSLS) is 32.43%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 72.68%. This indicates that TSLS experiences smaller price fluctuations and is considered to be less risky than TSLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.