Correlation
The correlation between TSLT and TSLX is 0.41, 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.
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.
Performance
TSLT vs. TSLX - Performance Comparison
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Key characteristics
TSLT:
0.65
TSLX:
1.01
TSLT:
1.90
TSLX:
1.55
TSLT:
1.23
TSLX:
1.22
TSLT:
1.16
TSLX:
1.15
TSLT:
2.14
TSLX:
4.15
TSLT:
45.13%
TSLX:
4.62%
TSLT:
144.40%
TSLX:
17.73%
TSLT:
-83.16%
TSLX:
-50.27%
TSLT:
-63.14%
TSLX:
0.00%
Returns By Period
In the year-to-date period, TSLT achieves a -46.49% return, which is significantly lower than TSLX's 12.31% return.
TSLT
-46.49%
47.10%
-30.30%
93.79%
N/A
N/A
N/A
TSLX
12.31%
13.57%
13.82%
16.61%
15.95%
18.12%
14.23%
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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.
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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 8.93%.
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. | 8.93% | 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 -83.16%, 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.
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Volatility
TSLT vs. TSLX - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 27.98% compared to Sixth Street Specialty Lending, Inc. (TSLX) at 5.12%. 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.
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