TSLT vs. NVDA
TSLT (T-Rex 2X Long Tesla Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while NVDA (NVIDIA Corporation) is a stock. Over the past year, TSLT returned -15.30% vs 38.94% for NVDA. At a 0.35 correlation, their price movements are largely independent.
Performance
TSLT vs. NVDA - 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 NVDA's 7.39% return.
TSLT
- 1D
- -11.45%
- 1M
- -22.15%
- YTD
- -38.04%
- 6M
- -47.16%
- 1Y
- -15.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDA
- 1D
- -4.13%
- 1M
- -6.99%
- YTD
- 7.39%
- 6M
- 5.85%
- 1Y
- 38.94%
- 3Y*
- 68.08%
- 5Y*
- 59.90%
- 10Y*
- 67.94%
TSLT vs. NVDA - 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% |
NVDA NVIDIA Corporation | 7.39% | 38.92% | 171.25% | 17.37% |
Correlation
The correlation between TSLT and NVDA is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.35 |
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Return for Risk
TSLT vs. NVDA — Risk / Return Rank
TSLT
NVDA
TSLT vs. NVDA - 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 NVIDIA Corporation (NVDA). 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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.20 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 1.94 | -2.21 |
| Martin ratioReturn relative to average drawdown | -0.55 | 4.51 | -5.06 |
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Drawdowns
TSLT vs. NVDA - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.16%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for TSLT and NVDA.
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Drawdown Indicators
| TSLT | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -89.72% | +6.56% |
Max Drawdown (1Y)Largest decline over 1 year | -55.08% | -20.21% | -34.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.34% | — |
Current DrawdownCurrent decline from peak | -69.90% | -15.04% | -54.86% |
Average DrawdownAverage peak-to-trough decline | -50.62% | -36.16% | -14.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.13% | 8.66% | +19.47% |
Volatility
TSLT vs. NVDA - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 28.45% compared to NVIDIA Corporation (NVDA) at 13.29%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLT | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.45% | 13.29% | +15.16% |
Volatility (6M)Calculated over the trailing 6-month period | 56.51% | 26.92% | +29.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.95% | 35.50% | +53.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.87% | 51.84% | +65.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.87% | 49.87% | +67.00% |
Dividends
TSLT vs. NVDA - Dividend Comparison
TSLT has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
TSLT and NVDA have a correlation of 0.38, 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 NVDA (13.29%). In terms of maximum drawdown, TSLT dropped -83.16% vs NVDA's -89.72%.
NVDA currently has the higher Sharpe Ratio (1.10 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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