TSLT vs. TSLA
Compare and contrast key facts about T-Rex 2X Long Tesla Daily Target ETF (TSLT) and Tesla, Inc. (TSLA).
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 TSLA.
Key characteristics
| TSLT | TSLA | |
|---|---|---|
| YTD Return | 10.58% | 32.90% |
| 1Y Return | 18.03% | 39.10% |
| Sharpe Ratio | 0.26 | 0.78 |
| Sortino Ratio | 1.34 | 1.55 |
| Omega Ratio | 1.16 | 1.19 |
| Calmar Ratio | 0.43 | 0.73 |
| Martin Ratio | 0.68 | 2.08 |
| Ulcer Index | 47.27% | 22.86% |
| Daily Std Dev | 121.93% | 61.06% |
| Max Drawdown | -73.98% | -73.63% |
| Current Drawdown | -11.41% | -19.45% |
Correlation
The correlation between TSLT and TSLA is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSLT vs. TSLA - Performance Comparison
In the year-to-date period, TSLT achieves a 10.58% return, which is significantly lower than TSLA's 32.90% 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. TSLA - 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 Tesla, Inc. (TSLA). 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. TSLA - Dividend Comparison
Neither TSLT nor TSLA has paid dividends to shareholders.
Drawdowns
TSLT vs. TSLA - Drawdown Comparison
The maximum TSLT drawdown since its inception was -73.98%, roughly equal to the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLT and TSLA. For additional features, visit the drawdowns tool.
Volatility
TSLT vs. TSLA - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 52.81% compared to Tesla, Inc. (TSLA) at 27.86%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.