TSLT vs. NVDA
Compare and contrast key facts about T-Rex 2X Long Tesla Daily Target ETF (TSLT) and NVIDIA Corporation (NVDA).
TSLT is an actively managed fund by T-Rex. It was launched on Oct 18, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLT or NVDA.
Correlation
The correlation between TSLT and NVDA is 0.25, 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.
Performance
TSLT vs. NVDA - Performance Comparison
Key characteristics
TSLT:
0.59
NVDA:
2.66
TSLT:
1.73
NVDA:
3.09
TSLT:
1.21
NVDA:
1.38
TSLT:
1.02
NVDA:
5.19
TSLT:
2.22
NVDA:
15.75
TSLT:
33.92%
NVDA:
8.92%
TSLT:
128.39%
NVDA:
52.97%
TSLT:
-73.98%
NVDA:
-89.73%
TSLT:
-34.90%
NVDA:
-11.82%
Returns By Period
In the year-to-date period, TSLT achieves a -5.49% return, which is significantly lower than NVDA's -1.88% return.
TSLT
-5.49%
-21.54%
74.46%
89.62%
N/A
N/A
NVDA
-1.88%
-1.85%
4.29%
140.88%
84.74%
75.64%
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Risk-Adjusted Performance
TSLT vs. NVDA — Risk-Adjusted Performance Rank
TSLT
NVDA
TSLT vs. NVDA - Risk-Adjusted Performance 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.
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 0.02%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NVDA NVIDIA Corporation | 0.02% | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% |
Drawdowns
TSLT vs. NVDA - Drawdown Comparison
The maximum TSLT drawdown since its inception was -73.98%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for TSLT and NVDA. For additional features, visit the drawdowns tool.
Volatility
TSLT vs. NVDA - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 40.39% compared to NVIDIA Corporation (NVDA) at 12.15%. 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.