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:
-0.93
TSLZ:
-0.71
TSLS:
-1.35
TSLZ:
-1.46
TSLS:
0.83
TSLZ:
0.82
TSLS:
-0.69
TSLZ:
-0.94
TSLS:
-1.24
TSLZ:
-1.29
TSLS:
48.06%
TSLZ:
70.59%
TSLS:
64.25%
TSLZ:
128.03%
TSLS:
-86.75%
TSLZ:
-96.69%
TSLS:
-82.87%
TSLZ:
-94.94%
Returns By Period
In the year-to-date period, TSLS achieves a 10.56% return, which is significantly lower than TSLZ's 15.66% return.
TSLS
10.56%
18.35%
-50.82%
-60.79%
N/A
N/A
TSLZ
15.66%
35.53%
-82.94%
-91.37%
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 Rank
TSLS
TSLZ
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 6.89%, more than TSLZ's 1.81% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSLS Direxion Daily TSLA Bear 1X Shares | 6.89% | 7.61% | 4.52% | 3.46% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 1.81% | 2.09% | 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 13.20%, while T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a volatility of 26.50%. 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.