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:
1.00
TSLA:
1.55
TSLT:
2.10
TSLA:
2.32
TSLT:
1.25
TSLA:
1.28
TSLT:
1.75
TSLA:
1.53
TSLT:
4.07
TSLA:
6.99
TSLT:
31.86%
TSLA:
14.34%
TSLT:
129.51%
TSLA:
64.79%
TSLT:
-73.98%
TSLA:
-73.63%
TSLT:
-26.31%
TSLA:
-11.63%
Returns By Period
In the year-to-date period, TSLT achieves a 6.97% return, which is significantly higher than TSLA's 5.01% return.
TSLT
6.97%
-2.85%
115.65%
137.51%
N/A
N/A
TSLA
5.01%
0.71%
72.12%
103.10%
62.19%
41.38%
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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 40.59% compared to Tesla, Inc. (TSLA) at 20.36%. 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.