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.
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
Key characteristics
TSLT:
0.56
TSLA:
1.12
TSLT:
1.69
TSLA:
1.90
TSLT:
1.20
TSLA:
1.23
TSLT:
0.96
TSLA:
1.08
TSLT:
1.50
TSLA:
3.07
TSLT:
47.34%
TSLA:
22.90%
TSLT:
125.62%
TSLA:
62.85%
TSLT:
-73.98%
TSLA:
-73.63%
TSLT:
-24.15%
TSLA:
-12.25%
Returns By Period
The year-to-date returns for both stocks are quite close, with TSLT having a 69.76% return and TSLA slightly lower at 69.45%.
TSLT
69.76%
46.92%
283.36%
63.89%
N/A
N/A
TSLA
69.45%
23.97%
130.07%
66.73%
72.25%
39.86%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 34.51% compared to Tesla, Inc. (TSLA) at 17.10%. 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.