TSLT vs. ASTS

Last updated Jun 4, 2026

TSLT (T-Rex 2X Long Tesla Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while ASTS (AST SpaceMobile, Inc.) is a stock. Over the past year, TSLT returned 3.78% vs 327.84% for ASTS. At a 0.31 correlation, their price movements are largely independent.

Performance

TSLT vs. ASTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Tesla Daily Target ETF (TSLT) and AST SpaceMobile, Inc. (ASTS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLT achieves a -21.79% return, which is significantly lower than ASTS's 48.33% return.

TSLT

• 1D: -0.05%
• 1M: 13.53%
• YTD: -21.79%
• 6M: -22.60%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASTS

• 1D: -8.83%
• 1M: 57.43%
• YTD: 48.33%
• 6M: 75.34%
• 1Y: 327.84%
• 3Y*: 167.63%
• 5Y*: 67.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLT vs. ASTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLT T-Rex 2X Long Tesla Daily Target ETF	-21.79%	-29.49%	54.17%	20.11%
ASTS AST SpaceMobile, Inc.	48.33%	244.22%	249.92%	101.67%

Correlation

The correlation between TSLT and ASTS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	0.31

Return for Risk

TSLT vs. ASTS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLT

TSLT Risk / Return Rank: 11
TSLT Sharpe Ratio Rank: 9
TSLT Sortino Ratio Rank: 15
TSLT Omega Ratio Rank: 15
TSLT Calmar Ratio Rank: 9
TSLT Martin Ratio Rank: 9

ASTS

ASTS Risk / Return Rank: 91
ASTS Sharpe Ratio Rank: 95
ASTS Sortino Ratio Rank: 88
ASTS Omega Ratio Rank: 85
ASTS Calmar Ratio Rank: 95
ASTS Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLT vs. ASTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) and AST SpaceMobile, Inc. (ASTS). 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.

	TSLT	ASTS	Difference
Sharpe ratio Return per unit of total volatility	0.04	3.15	-3.11
Sortino ratio Return per unit of downside risk	0.72	3.06	-2.34
Omega ratio Gain probability vs. loss probability	1.09	1.36	-0.27
Calmar ratio Return relative to maximum drawdown	0.07	6.93	-6.86
Martin ratio Return relative to average drawdown	0.14	13.81	-13.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLT vs. ASTS - Sharpe Ratio Comparison

The current TSLT Sharpe Ratio is 0.04, which is lower than the ASTS Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of TSLT and ASTS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLT	ASTS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	3.15	-3.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.44	-0.43

Drawdowns

TSLT vs. ASTS - Drawdown Comparison

The maximum TSLT drawdown since its inception was -83.16%, smaller than the maximum ASTS drawdown of -91.07%. Use the drawdown chart below to compare losses from any high point for TSLT and ASTS.

Drawdown Indicators

	TSLT	ASTS	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-91.07%	+7.91%
Max Drawdown (1Y) Largest decline over 1 year	-55.08%	-47.69%	-7.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-70.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-85.57%	—
Current Drawdown Current decline from peak	-62.01%	-19.05%	-42.96%
Average Drawdown Average peak-to-trough decline	-50.23%	-43.41%	-6.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.07%	23.88%	+3.19%

Volatility

TSLT vs. ASTS - Volatility Comparison

The current volatility for T-Rex 2X Long Tesla Daily Target ETF (TSLT) is 24.38%, while AST SpaceMobile, Inc. (ASTS) has a volatility of 40.51%. This indicates that TSLT experiences smaller price fluctuations and is considered to be less risky than ASTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLT	ASTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.38%	40.51%	-16.13%
Volatility (6M) Calculated over the trailing 6-month period	54.35%	83.96%	-29.61%
Volatility (1Y) Calculated over the trailing 1-year period	92.40%	104.86%	-12.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.05%	111.63%	+5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.05%	100.49%	+16.56%

Dividends

TSLT vs. ASTS - Dividend Comparison

Neither TSLT nor ASTS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TSLT and ASTS in my portfolio?

TSLT and ASTS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLT or ASTS?

ASTS has higher volatility (40.51%) compared to TSLT (24.38%). In terms of maximum drawdown, TSLT dropped -83.16% vs ASTS's -91.07%.

Which has better risk-adjusted returns?

ASTS currently has the higher Sharpe Ratio (3.15 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.