TSLT vs. TSLR
Compare and contrast key facts about T-Rex 2X Long Tesla Daily Target ETF (TSLT) and GraniteShares 2x Long TSLA Daily ETF (TSLR).
TSLT and TSLR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLT is an actively managed fund by T-Rex. It was launched on Oct 18, 2023. TSLR is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLT or TSLR.
Correlation
The correlation between TSLT and TSLR is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TSLT vs. TSLR - Performance Comparison
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Key characteristics
TSLT:
0.63
TSLR:
0.71
TSLT:
1.91
TSLR:
1.98
TSLT:
1.23
TSLR:
1.23
TSLT:
1.18
TSLR:
1.33
TSLT:
2.24
TSLR:
2.54
TSLT:
43.83%
TSLR:
43.35%
TSLT:
144.82%
TSLR:
145.19%
TSLT:
-83.16%
TSLR:
-82.80%
TSLT:
-63.50%
TSLR:
-62.54%
Returns By Period
The year-to-date returns for both investments are quite close, with TSLT having a -47.02% return and TSLR slightly higher at -45.80%.
TSLT
-47.02%
91.51%
-29.08%
90.78%
N/A
N/A
N/A
TSLR
-45.80%
92.45%
-26.96%
102.59%
N/A
N/A
N/A
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TSLT vs. TSLR - Expense Ratio Comparison
TSLT has a 1.05% expense ratio, which is lower than TSLR's 1.50% expense ratio.
Risk-Adjusted Performance
TSLT vs. TSLR — Risk-Adjusted Performance Rank
TSLT
TSLR
TSLT vs. TSLR - 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 GraniteShares 2x Long TSLA Daily ETF (TSLR). 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.
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Dividends
TSLT vs. TSLR - Dividend Comparison
Neither TSLT nor TSLR has paid dividends to shareholders.
Drawdowns
TSLT vs. TSLR - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.16%, roughly equal to the maximum TSLR drawdown of -82.80%. Use the drawdown chart below to compare losses from any high point for TSLT and TSLR. For additional features, visit the drawdowns tool.
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Volatility
TSLT vs. TSLR - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) and GraniteShares 2x Long TSLA Daily ETF (TSLR) have volatilities of 33.81% and 33.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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