TSLT vs. BTDR

Last updated Jul 14, 2026

TSLT (T-Rex 2X Long Tesla Daily Target ETF) is Leveraged Equities fund tracking the Tesla, Inc. (200%), while BTDR (Bitdeer Technologies Group Class A Ordinary Shares) is a stock. Over the past year, TSLT returned 11.54% vs -8.38% for BTDR. At a 0.36 correlation, their price movements are largely independent.

Performance

TSLT vs. BTDR - 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 Bitdeer Technologies Group Class A Ordinary Shares (BTDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLT achieves a -35.75% return, which is significantly lower than BTDR's 8.21% return.

TSLT

• 1D: -6.38%
• 1M: -8.97%
• 6M: -34.90%
• YTD: -35.75%
• 1Y: 11.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTDR

• 1D: -8.73%
• 1M: -31.97%
• 6M: -1.14%
• YTD: 8.21%
• 1Y: -8.38%
• 3Y*: -4.69%
• 5Y*: —
• 10Y*: —

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

TSLT vs. BTDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLT T-Rex 2X Long Tesla Daily Target ETF	-35.75%	-29.49%	54.17%	13.02%
BTDR Bitdeer Technologies Group Class A Ordinary Shares	8.21%	-48.27%	119.78%	177.75%

Correlation

The correlation between TSLT and BTDR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.36

Return for Risk

TSLT vs. BTDR — Risk / Return Rank

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

TSLT

TSLT Risk / Return Rank: 14
TSLT Sharpe Ratio Rank: 11
TSLT Sortino Ratio Rank: 18
TSLT Omega Ratio Rank: 17
TSLT Calmar Ratio Rank: 12
TSLT Martin Ratio Rank: 11

BTDR

BTDR Risk / Return Rank: 45
BTDR Sharpe Ratio Rank: 41
BTDR Sortino Ratio Rank: 50
BTDR Omega Ratio Rank: 48
BTDR Calmar Ratio Rank: 42
BTDR Martin Ratio Rank: 42

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. BTDR - 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 Bitdeer Technologies Group Class A Ordinary Shares (BTDR). 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	BTDR	Difference
Sharpe ratio: Return per unit of total volatility	0.13	-0.08	+0.21
Sortino ratio: Return per unit of downside risk	0.83	0.62	+0.21
Omega ratio: Gain probability vs. loss probability	1.09	1.07	+0.02
Calmar ratio: Return relative to maximum drawdown	0.21	-0.12	+0.33
Martin ratio: Return relative to average drawdown	0.40	-0.19	+0.59

TSLT vs. BTDR - Sharpe Ratio Comparison

The current TSLT Sharpe Ratio is 0.13, which is higher than the BTDR Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of TSLT and BTDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLT vs. BTDR - Drawdown Comparison

The maximum TSLT drawdown since its inception was -83.16%, roughly equal to the maximum BTDR drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for TSLT and BTDR.

Drawdown Indicators

	TSLT	BTDR	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-79.52%	-3.64%
Max Drawdown (1Y) Largest decline over 1 year	-55.08%	-71.89%	+16.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-79.52%	—
Current Drawdown Current decline from peak	-68.79%	-53.52%	-15.27%
Average Drawdown Average peak-to-trough decline	-50.94%	-43.53%	-7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.88%	44.12%	-15.24%

Volatility

TSLT vs. BTDR - Volatility Comparison

T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 34.98% compared to Bitdeer Technologies Group Class A Ordinary Shares (BTDR) at 28.12%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than BTDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLT	BTDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.98%	28.12%	+6.86%
Volatility (6M) Calculated over the trailing 6-month period	62.37%	71.35%	-8.98%
Volatility (1Y) Calculated over the trailing 1-year period	89.33%	101.86%	-12.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.20%	122.77%	-5.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.20%	122.77%	-5.57%

Dividends

TSLT vs. BTDR - Dividend Comparison

Neither TSLT nor BTDR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TSLT and BTDR in my portfolio?

TSLT and BTDR have a correlation of 0.40, 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 BTDR?

TSLT has higher volatility (34.98%) compared to BTDR (28.12%). In terms of maximum drawdown, TSLT dropped -83.16% vs BTDR's -79.52%.

Which has better risk-adjusted returns?

TSLT currently has the higher Sharpe Ratio (0.13 vs -0.08), 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.