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.
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
Key characteristics
TSLS:
-0.94
TSLZ:
-0.72
TSLS:
-1.38
TSLZ:
-1.47
TSLS:
0.82
TSLZ:
0.81
TSLS:
-0.68
TSLZ:
-0.93
TSLS:
-1.53
TSLZ:
-1.51
TSLS:
38.54%
TSLZ:
59.88%
TSLS:
62.83%
TSLZ:
125.62%
TSLS:
-86.75%
TSLZ:
-96.69%
TSLS:
-85.61%
TSLZ:
-96.15%
Returns By Period
In the year-to-date period, TSLS achieves a -58.86% return, which is significantly higher than TSLZ's -90.14% return.
TSLS
-58.86%
-22.96%
-66.84%
-59.06%
N/A
N/A
TSLZ
-90.14%
-43.29%
-92.35%
-90.30%
N/A
N/A
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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 10.29%, less than TSLZ's 123.17% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 7.25% | 4.52% | 3.46% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 123.17% | 12.14% | 0.00% |
Drawdowns
TSLS vs. TSLZ - Drawdown Comparison
The maximum TSLS drawdown since its inception was -86.75%, smaller than the maximum TSLZ drawdown of -96.69%. 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 16.41%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 32.52%. 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.