TSLT vs. ERX
Compare and contrast key facts about T-Rex 2X Long Tesla Daily Target ETF (TSLT) and Direxion Daily Energy Bull 2X Shares (ERX).
TSLT and ERX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLT is an actively managed fund by T-Rex. It was launched on Oct 18, 2023. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020.
Performance
TSLT vs. ERX - Performance Comparison
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TSLT vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | -36.32% | -29.49% | 54.17% | 20.11% |
ERX Direxion Daily Energy Bull 2X Shares | 85.42% | 2.79% | 1.09% | -16.86% |
Returns By Period
In the year-to-date period, TSLT achieves a -36.32% return, which is significantly lower than ERX's 85.42% return.
TSLT
- 1D
- 9.18%
- 1M
- -16.84%
- YTD
- -36.32%
- 6M
- -40.73%
- 1Y
- 30.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERX
- 1D
- -2.61%
- 1M
- 20.58%
- YTD
- 85.42%
- 6M
- 84.60%
- 1Y
- 61.51%
- 3Y*
- 24.14%
- 5Y*
- 36.55%
- 10Y*
- -5.60%
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TSLT vs. ERX - Expense Ratio Comparison
TSLT has a 1.05% expense ratio, which is lower than ERX's 1.09% expense ratio.
Return for Risk
TSLT vs. ERX — Risk / Return Rank
TSLT
ERX
TSLT vs. ERX - 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 Direxion Daily Energy Bull 2X Shares (ERX). 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 | ERX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 1.25 | -0.97 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.68 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.86 | -1.36 |
Martin ratioReturn relative to average drawdown | 1.06 | 3.79 | -2.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLT | ERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.25 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | -0.08 | +0.02 |
Correlation
The correlation between TSLT and ERX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TSLT vs. ERX - Dividend Comparison
TSLT has not paid dividends to shareholders, while ERX's dividend yield for the trailing twelve months is around 1.45%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERX Direxion Daily Energy Bull 2X Shares | 1.45% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Drawdowns
TSLT vs. ERX - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.16%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for TSLT and ERX.
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Drawdown Indicators
| TSLT | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -99.54% | +16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -51.40% | -35.17% | -16.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.59% | — |
Current DrawdownCurrent decline from peak | -69.07% | -90.64% | +21.57% |
Average DrawdownAverage peak-to-trough decline | -49.13% | -66.77% | +17.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.16% | 17.25% | +6.91% |
Volatility
TSLT vs. ERX - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 22.37% compared to Direxion Daily Energy Bull 2X Shares (ERX) at 10.19%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLT | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.37% | 10.19% | +12.18% |
Volatility (6M)Calculated over the trailing 6-month period | 59.16% | 28.10% | +31.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.56% | 49.61% | +60.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.13% | 52.12% | +67.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.13% | 69.23% | +49.90% |