TSLT vs. ASTS
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 -15.30% vs 45.16% for ASTS. At a 0.31 correlation, their price movements are largely independent.
Performance
TSLT vs. ASTS - Performance Comparison
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Returns By Period
In the year-to-date period, TSLT achieves a -38.04% return, which is significantly lower than ASTS's 0.33% return.
TSLT
- 1D
- -11.45%
- 1M
- -22.15%
- YTD
- -38.04%
- 6M
- -47.16%
- 1Y
- -15.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASTS
- 1D
- -0.44%
- 1M
- -31.16%
- YTD
- 0.33%
- 6M
- -14.94%
- 1Y
- 45.16%
- 3Y*
- 119.93%
- 5Y*
- 49.71%
- 10Y*
- —
TSLT vs. ASTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | -38.04% | -29.49% | 54.17% | 13.02% |
ASTS AST SpaceMobile, Inc. | 0.33% | 244.22% | 249.92% | 95.15% |
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 19, 2023 | 0.31 |
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Return for Risk
TSLT vs. ASTS — Risk / Return Rank
TSLT
ASTS
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSLT | ASTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 0.95 | -1.23 |
| Martin ratioReturn relative to average drawdown | -0.55 | 1.80 | -2.35 |
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Drawdowns
TSLT vs. ASTS - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.16%, roughly equal to the maximum ASTS drawdown of -85.57%. Use the drawdown chart below to compare losses from any high point for TSLT and ASTS.
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Drawdown Indicators
| TSLT | ASTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -85.57% | +2.41% |
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 DrawdownCurrent decline from peak | -69.90% | -45.25% | -24.65% |
Average DrawdownAverage peak-to-trough decline | -50.62% | -40.51% | -10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.13% | 25.19% | +2.94% |
Volatility
TSLT vs. ASTS - Volatility Comparison
The current volatility for T-Rex 2X Long Tesla Daily Target ETF (TSLT) is 28.45%, while AST SpaceMobile, Inc. (ASTS) has a volatility of 41.29%. 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.
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Volatility by Period
| TSLT | ASTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.45% | 41.29% | -12.84% |
Volatility (6M)Calculated over the trailing 6-month period | 56.51% | 83.69% | -27.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.95% | 105.96% | -17.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.87% | 109.64% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.87% | 110.94% | +5.93% |
Dividends
TSLT vs. ASTS - Dividend Comparison
Neither TSLT nor ASTS has paid dividends to shareholders.
Frequently Asked Questions
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.
ASTS has higher volatility (41.29%) compared to TSLT (28.45%). In terms of maximum drawdown, TSLT dropped -83.16% vs ASTS's -85.57%.
ASTS currently has the higher Sharpe Ratio (0.43 vs -0.18), 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.
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