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:
0.69
NVDA:
1.62
TSLT:
1.85
NVDA:
2.16
TSLT:
1.21
NVDA:
1.28
TSLT:
1.19
NVDA:
3.39
TSLT:
2.92
NVDA:
9.39
TSLT:
30.04%
NVDA:
9.76%
TSLT:
128.06%
NVDA:
56.78%
TSLT:
-73.98%
NVDA:
-89.73%
TSLT:
-48.35%
NVDA:
-6.83%
Returns By Period
In the year-to-date period, TSLT achieves a -25.03% return, which is significantly lower than NVDA's 3.68% return.
TSLT
-25.03%
-30.66%
96.00%
101.28%
N/A
N/A
NVDA
3.68%
1.10%
8.37%
100.51%
80.65%
74.59%
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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) and NVIDIA Corporation (NVDA) have volatilities of 24.86% and 24.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.