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 0.23, 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:
0.56
TSLX:
0.89
TSLT:
1.69
TSLX:
1.29
TSLT:
1.20
TSLX:
1.16
TSLT:
0.96
TSLX:
1.43
TSLT:
1.50
TSLX:
4.11
TSLT:
47.34%
TSLX:
3.00%
TSLT:
125.62%
TSLX:
13.89%
TSLT:
-73.98%
TSLX:
-50.27%
TSLT:
-24.15%
TSLX:
-0.64%
Returns By Period
In the year-to-date period, TSLT achieves a 69.76% return, which is significantly higher than TSLX's 9.65% return.
TSLT
69.76%
46.92%
283.36%
63.89%
N/A
N/A
TSLX
9.65%
4.63%
4.05%
11.14%
12.50%
14.18%
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Risk-Adjusted Performance
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 12.14%.
| TTM | 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% |
TSLX Sixth Street Specialty Lending, Inc. | 12.14% | 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 -73.98%, 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 34.51% compared to Sixth Street Specialty Lending, Inc. (TSLX) at 3.79%. 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.