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 0.32, 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:
0.08
NVDA:
0.45
TSLT:
1.28
NVDA:
1.01
TSLT:
1.15
NVDA:
1.13
TSLT:
0.15
NVDA:
0.74
TSLT:
0.32
NVDA:
2.08
TSLT:
38.40%
NVDA:
13.14%
TSLT:
147.00%
NVDA:
60.35%
TSLT:
-83.11%
NVDA:
-89.73%
TSLT:
-78.80%
NVDA:
-24.91%
Returns By Period
In the year-to-date period, TSLT achieves a -69.22% return, which is significantly lower than NVDA's -16.44% return.
TSLT
-69.22%
-7.50%
-10.65%
26.33%
N/A
N/A
NVDA
-16.44%
-7.78%
-14.73%
30.50%
72.82%
70.89%
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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 0.03%.
| 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 | 0.03% | 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 -83.11%, 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 61.52% compared to NVIDIA Corporation (NVDA) at 24.07%. 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.