TSLT vs. TSLA
TSLT (T-Rex 2X Long Tesla Daily Target ETF) is Leveraged Equities fund tracking the Tesla, Inc. (200%), while TSLA (Tesla, Inc.) is a stock. Over the past year, TSLT returned -22.93% vs 5.85% for TSLA. Their 1.00 correlation means they have historically moved very closely together.
Performance
TSLT vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLT achieves a -57.84% return, which is significantly lower than TSLA's -27.21% return.
TSLT
- 1D
- 3.21%
- 1M
- -34.53%
- 6M
- -50.83%
- YTD
- -57.84%
- 1Y
- -22.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.99%
TSLA
- 1D
- 1.64%
- 1M
- -16.80%
- 6M
- -22.42%
- YTD
- -27.21%
- 1Y
- 5.85%
- 3Y*
- 8.84%
- 5Y*
- 6.56%
- 10Y*
- 35.81%
- ALL TIME*
- 41.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
TSLA Tesla, Inc. | $15.23B | $14.36B | $18.41B |
| $37.60M | $37.37M | $53.28M |
TSLT vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | -57.84% | -29.49% | 54.17% | 13.02% |
TSLA Tesla, Inc. | -27.21% | 11.36% | 62.52% | 2.39% |
Correlation
The correlation between TSLT and TSLA is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 1.00 |
The correlation between TSLT and TSLA has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
TSLT vs. TSLA — Risk / Return Rank
TSLT
TSLA
TSLT vs. TSLA - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSLT | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.15 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.71 | 0.38 | -1.08 |
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Drawdowns
TSLT vs. TSLA - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.16%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLT and TSLA.
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Drawdown Indicators
| TSLT | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -73.63% | -9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -70.65% | -39.10% | -31.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -79.52% | -33.18% | -46.34% |
Average DrawdownAverage peak-to-trough decline | -51.53% | -22.72% | -28.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.54% | 15.60% | +16.94% |
Volatility
TSLT vs. TSLA - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 39.82% compared to Tesla, Inc. (TSLA) at 18.51%. 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.
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Volatility by Period
| TSLT | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.82% | 18.51% | +21.31% |
Volatility (6M)Calculated over the trailing 6-month period | 70.76% | 34.57% | +36.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.44% | 46.35% | +46.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.62% | 59.68% | +57.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.62% | 59.46% | +58.16% |
Dividends
TSLT vs. TSLA - Dividend Comparison
Neither TSLT nor TSLA has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, TSLT and TSLA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSLT has higher volatility (39.82%) compared to TSLA (18.51%). In terms of maximum drawdown, TSLT dropped -83.16% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.13 vs -0.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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