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.
Key characteristics
| TSLT | TSLR | |
|---|---|---|
| YTD Return | 9.20% | 17.78% |
| 1Y Return | 30.37% | 37.99% |
| Sharpe Ratio | 0.34 | 0.40 |
| Sortino Ratio | 1.43 | 1.50 |
| Omega Ratio | 1.17 | 1.18 |
| Calmar Ratio | 0.56 | 0.63 |
| Martin Ratio | 0.88 | 1.08 |
| Ulcer Index | 47.26% | 44.55% |
| Daily Std Dev | 122.20% | 121.68% |
| Max Drawdown | -73.98% | -76.58% |
| Current Drawdown | -12.52% | -12.59% |
Correlation
The correlation between TSLT and TSLR 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. TSLR - Performance Comparison
In the year-to-date period, TSLT achieves a 9.20% return, which is significantly lower than TSLR's 17.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
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 -73.98%, roughly equal to the maximum TSLR drawdown of -76.58%. Use the drawdown chart below to compare losses from any high point for TSLT and TSLR. For additional features, visit the drawdowns tool.
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 52.86% and 52.82%, 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.