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.
Key characteristics
| TSLT | NVDA | |
|---|---|---|
| YTD Return | 9.20% | 199.51% |
| 1Y Return | 30.37% | 205.09% |
| Sharpe Ratio | 0.34 | 4.00 |
| Sortino Ratio | 1.43 | 3.97 |
| Omega Ratio | 1.17 | 1.51 |
| Calmar Ratio | 0.56 | 7.65 |
| Martin Ratio | 0.88 | 24.12 |
| Ulcer Index | 47.26% | 8.58% |
| Daily Std Dev | 122.20% | 51.74% |
| Max Drawdown | -73.98% | -89.73% |
| Current Drawdown | -12.52% | -0.40% |
Correlation
The correlation between TSLT and NVDA is 0.27, 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
In the year-to-date period, TSLT achieves a 9.20% return, which is significantly lower than NVDA's 199.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
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 52.86% compared to NVIDIA Corporation (NVDA) at 11.39%. 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.