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 | -8.87% | -38.34% |
| Daily Std Dev | 54.19% | 109.66% |
| Max Drawdown | -70.65% | -77.71% |
| Current Drawdown | -68.11% | -75.94% |
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 -8.87% return, which is significantly higher than TSLZ's -38.34% 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.
Not enough dataDividends
TSLS vs. TSLZ - Dividend Comparison
TSLS's dividend yield for the trailing twelve months is around 3.78%, less than TSLZ's 19.69% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 3.78% | 4.52% | 3.46% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 19.69% | 12.14% | 0.00% |
Drawdowns
TSLS vs. TSLZ - Drawdown Comparison
The maximum TSLS drawdown since its inception was -70.65%, smaller than the maximum TSLZ drawdown of -77.71%. 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 15.45%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 30.92%. 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.