TSLT vs. TSLA
TSLT (T-Rex 2X Long Tesla Daily Target ETF) is Leveraged Equities fund actively managed by T-Rex, while TSLA (Tesla, Inc.) is a stock. Over the past year, TSLT returned -7.27% vs 14.52% for TSLA. With a 1.00 correlation, they move nearly in lockstep.
Performance
TSLT vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLT achieves a -40.32% return, which is significantly lower than TSLA's -16.59% return.
TSLT
- 1D
- -0.25%
- 1M
- -27.64%
- YTD
- -40.32%
- 6M
- -48.93%
- 1Y
- -7.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- -0.11%
- 1M
- -13.49%
- YTD
- -16.59%
- 6M
- -22.72%
- 1Y
- 14.52%
- 3Y*
- 15.88%
- 5Y*
- 10.87%
- 10Y*
- 39.71%
TSLT vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | -40.32% | -29.49% | 54.17% | 13.02% |
TSLA Tesla, Inc. | -16.59% | 11.36% | 62.52% | 2.39% |
Correlation
The correlation between TSLT and TSLA is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 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 | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.09 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.49 | -0.62 |
| Martin ratioReturn relative to average drawdown | -0.26 | 1.11 | -1.37 |
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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 | -55.08% | -29.93% | -25.15% |
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 | -71.01% | -23.43% | -47.58% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -22.71% | -27.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.59% | 13.18% | +14.41% |
Volatility
TSLT vs. TSLA - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 27.67% compared to Tesla, Inc. (TSLA) at 13.91%. 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 | 27.67% | 13.91% | +13.76% |
Volatility (6M)Calculated over the trailing 6-month period | 56.46% | 28.34% | +28.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.39% | 43.89% | +43.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.72% | 59.01% | +57.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.72% | 59.09% | +57.63% |
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 (27.67%) compared to TSLA (13.91%). In terms of maximum drawdown, TSLT dropped -83.16% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.33 vs -0.08), 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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