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.
Key characteristics
| TSLT | TSLX | |
|---|---|---|
| YTD Return | 24.83% | 3.85% |
| 1Y Return | 61.76% | 11.22% |
| Sharpe Ratio | 0.56 | 0.88 |
| Sortino Ratio | 1.68 | 1.27 |
| Omega Ratio | 1.20 | 1.16 |
| Calmar Ratio | 0.93 | 1.40 |
| Martin Ratio | 1.45 | 4.19 |
| Ulcer Index | 47.25% | 2.89% |
| Daily Std Dev | 121.75% | 13.76% |
| Max Drawdown | -73.98% | -50.27% |
| Current Drawdown | 0.00% | -4.45% |
Correlation
The correlation between TSLT and TSLX is 0.24, 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
In the year-to-date period, TSLT achieves a 24.83% return, which is significantly higher than TSLX's 3.85% 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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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 12.61%.
| 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. | 12.61% | 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 49.92% compared to Sixth Street Specialty Lending, Inc. (TSLX) at 4.57%. 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.