TSLT vs. TSLX
Compare and contrast key facts about T-Rex 2X Long Tesla Daily Target ETF (TSLT) and Sixth Street Specialty Lending, Inc. (TSLX).
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 TSLX.
Correlation
The correlation between TSLT and TSLX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TSLT vs. TSLX - Performance Comparison
Key characteristics
TSLT:
0.09
TSLX:
0.40
TSLT:
1.30
TSLX:
0.66
TSLT:
1.15
TSLX:
1.10
TSLT:
0.17
TSLX:
0.43
TSLT:
0.36
TSLX:
1.83
TSLT:
38.71%
TSLX:
3.91%
TSLT:
146.89%
TSLX:
17.61%
TSLT:
-83.11%
TSLX:
-50.27%
TSLT:
-80.89%
TSLX:
-12.59%
Returns By Period
In the year-to-date period, TSLT achieves a -72.25% return, which is significantly lower than TSLX's -3.23% return.
TSLT
-72.25%
-7.93%
-20.56%
20.25%
N/A
N/A
TSLX
-3.23%
-8.21%
1.08%
7.91%
18.63%
12.69%
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Risk-Adjusted Performance
TSLT vs. TSLX — Risk-Adjusted Performance Rank
TSLT
TSLX
TSLT vs. TSLX - 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 Sixth Street Specialty Lending, Inc. (TSLX). 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. TSLX - Dividend Comparison
TSLT has not paid dividends to shareholders, while TSLX's dividend yield for the trailing twelve months is around 10.34%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLX Sixth Street Specialty Lending, Inc. | 10.34% | 11.97% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 10.81% | 8.35% | 9.62% | 9.10% |
Drawdowns
TSLT vs. TSLX - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.11%, which is greater than TSLX's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for TSLT and TSLX. For additional features, visit the drawdowns tool.
Volatility
TSLT vs. TSLX - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 61.38% compared to Sixth Street Specialty Lending, Inc. (TSLX) at 11.34%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier than TSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.