TSLT vs. GMEU
TSLT (T-Rex 2X Long Tesla Daily Target ETF) and GMEU (T-Rex 2X Long GME Daily Target ETF) are both Leveraged Equities funds from T-Rex. Both are actively managed. Over the past year, TSLT returned -15.30% vs -46.57% for GMEU. At a 0.29 correlation, their price movements are largely independent. TSLT charges 1.05%/yr vs 1.50%/yr for GMEU.
Performance
TSLT vs. GMEU - 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 GMEU's -12.40% return.
TSLT
- 1D
- -11.45%
- 1M
- -22.15%
- YTD
- -38.04%
- 6M
- -47.16%
- 1Y
- -15.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMEU
- 1D
- -1.04%
- 1M
- -10.55%
- YTD
- -12.40%
- 6M
- -23.39%
- 1Y
- -46.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLT vs. GMEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | -38.04% | 85.55% |
GMEU T-Rex 2X Long GME Daily Target ETF | -12.40% | -65.67% |
Correlation
The correlation between TSLT and GMEU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.29 |
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Return for Risk
TSLT vs. GMEU — Risk / Return Rank
TSLT
GMEU
TSLT vs. GMEU - 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 T-Rex 2X Long GME Daily Target ETF (GMEU). 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 | GMEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.92 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.80 | +0.52 |
| Martin ratioReturn relative to average drawdown | -0.55 | -1.27 | +0.71 |
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Drawdowns
TSLT vs. GMEU - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.16%, roughly equal to the maximum GMEU drawdown of -80.59%. Use the drawdown chart below to compare losses from any high point for TSLT and GMEU.
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Drawdown Indicators
| TSLT | GMEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -80.59% | -2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -55.08% | -58.56% | +3.48% |
Current DrawdownCurrent decline from peak | -69.90% | -80.59% | +10.69% |
Average DrawdownAverage peak-to-trough decline | -50.62% | -63.68% | +13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.13% | 36.81% | -8.68% |
Volatility
TSLT vs. GMEU - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 28.45% compared to T-Rex 2X Long GME Daily Target ETF (GMEU) at 17.40%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than GMEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLT | GMEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.45% | 17.40% | +11.05% |
Volatility (6M)Calculated over the trailing 6-month period | 56.51% | 55.64% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.95% | 71.17% | +17.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.87% | 88.11% | +28.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.87% | 88.11% | +28.76% |
TSLT vs. GMEU - Expense Ratio Comparison
TSLT has a 1.05% expense ratio, which is lower than GMEU's 1.50% expense ratio.
Dividends
TSLT vs. GMEU - Dividend Comparison
Neither TSLT nor GMEU has paid dividends to shareholders.
Frequently Asked Questions
TSLT and GMEU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLT has higher volatility (28.45%) compared to GMEU (17.40%). In terms of maximum drawdown, TSLT dropped -83.16% vs GMEU's -80.59%.
On 1-year performance, TSLT leads with -15.30% vs -46.57% for GMEU. On fees, TSLT is cheaper at 1.05% per year. On volatility, GMEU has been the lower-risk option at 17.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLT has performed better with a -15.30% return vs -46.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLT is cheaper with a 1.05% expense ratio, compared with 1.50% for GMEU.
TSLT and GMEU have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.05% for TSLT and 1.50% for GMEU.
TSLT currently has the higher Sharpe Ratio (-0.18 vs -0.66), 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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