TSLT vs. SOXL
Compare and contrast key facts about T-Rex 2X Long Tesla Daily Target ETF (TSLT) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
TSLT and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLT is an actively managed fund by T-Rex. It was launched on Oct 18, 2023. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLT or SOXL.
Key characteristics
| TSLT | SOXL | |
|---|---|---|
| YTD Return | 9.20% | 1.41% |
| 1Y Return | 30.37% | 59.41% |
| Sharpe Ratio | 0.34 | 0.55 |
| Sortino Ratio | 1.43 | 1.34 |
| Omega Ratio | 1.17 | 1.17 |
| Calmar Ratio | 0.56 | 0.76 |
| Martin Ratio | 0.88 | 1.80 |
| Ulcer Index | 47.26% | 30.53% |
| Daily Std Dev | 122.20% | 100.59% |
| Max Drawdown | -73.98% | -90.46% |
| Current Drawdown | -12.52% | -55.71% |
Correlation
The correlation between TSLT and SOXL is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSLT vs. SOXL - Performance Comparison
In the year-to-date period, TSLT achieves a 9.20% return, which is significantly higher than SOXL's 1.41% 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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TSLT vs. SOXL - Expense Ratio Comparison
TSLT has a 1.05% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
TSLT vs. SOXL - 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 Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
TSLT has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.97%.
| TTM | 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% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.97% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
TSLT vs. SOXL - Drawdown Comparison
The maximum TSLT drawdown since its inception was -73.98%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TSLT and SOXL. For additional features, visit the drawdowns tool.
Volatility
TSLT vs. SOXL - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 52.86% compared to Direxion Daily Semiconductor Bull 3x Shares (SOXL) at 29.04%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.