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:
0.64
TSLA:
1.20
TSLT:
1.81
TSLA:
2.03
TSLT:
1.21
TSLA:
1.23
TSLT:
1.10
TSLA:
1.18
TSLT:
2.70
TSLA:
5.50
TSLT:
30.20%
TSLA:
14.04%
TSLT:
127.95%
TSLA:
64.15%
TSLT:
-73.98%
TSLA:
-73.63%
TSLT:
-50.26%
TSLA:
-26.15%
Returns By Period
In the year-to-date period, TSLT achieves a -27.80% return, which is significantly lower than TSLA's -12.24% return.
TSLT
-27.80%
-32.50%
112.67%
91.93%
N/A
N/A
TSLA
-12.24%
-16.43%
68.23%
81.96%
42.78%
38.43%
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Risk-Adjusted Performance
TSLT vs. TSLA — Risk-Adjusted Performance Rank
TSLT
TSLA
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 24.93% compared to Tesla, Inc. (TSLA) at 13.24%. 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.