TSLT vs. TSLZ

Last updated Jun 4, 2026

TSLT (T-Rex 2X Long Tesla Daily Target ETF) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both exchange-traded funds - TSLT is a Leveraged Equities fund actively managed by T-Rex, while TSLZ is a Inverse Equities fund actively managed by T-Rex. Both are actively managed. Over the past year, TSLT returned 3.78% vs -64.19% for TSLZ. At a correlation of -1.00, they often move in opposite directions. Both charge a 1.05% expense ratio.

Performance

TSLT vs. TSLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Tesla Daily Target ETF (TSLT) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLT achieves a -21.79% return, which is significantly lower than TSLZ's -5.69% return.

TSLT

• 1D: -0.05%
• 1M: 13.53%
• YTD: -21.79%
• 6M: -22.60%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLZ

• 1D: -0.09%
• 1M: -17.84%
• YTD: -5.69%
• 6M: -9.62%
• 1Y: -64.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLT vs. TSLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLT T-Rex 2X Long Tesla Daily Target ETF	-21.79%	-29.49%	54.17%	20.11%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	-5.69%	-75.98%	-88.79%	-28.07%

Correlation

The correlation between TSLT and TSLZ is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-1.00
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	-1.00

The correlation between TSLT and TSLZ has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.

Return for Risk

TSLT vs. TSLZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLT

TSLT Risk / Return Rank: 11
TSLT Sharpe Ratio Rank: 9
TSLT Sortino Ratio Rank: 15
TSLT Omega Ratio Rank: 15
TSLT Calmar Ratio Rank: 9
TSLT Martin Ratio Rank: 9

TSLZ

TSLZ Risk / Return Rank: 3
TSLZ Sharpe Ratio Rank: 3
TSLZ Sortino Ratio Rank: 3
TSLZ Omega Ratio Rank: 3
TSLZ Calmar Ratio Rank: 2
TSLZ Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLT vs. TSLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). 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.

	TSLT	TSLZ	Difference
Sharpe ratio: Return per unit of total volatility	0.04	-0.70	+0.74
Sortino ratio: Return per unit of downside risk	0.72	-0.94	+1.66
Omega ratio: Gain probability vs. loss probability	1.09	0.90	+0.19
Calmar ratio: Return relative to maximum drawdown	0.07	-0.84	+0.91
Martin ratio: Return relative to average drawdown	0.14	-1.06	+1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLT vs. TSLZ - Sharpe Ratio Comparison

The current TSLT Sharpe Ratio is 0.04, which is higher than the TSLZ Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of TSLT and TSLZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLT	TSLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	-0.70	+0.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	-0.67	+0.68

Drawdowns

TSLT vs. TSLZ - Drawdown Comparison

The maximum TSLT drawdown since its inception was -83.16%, smaller than the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for TSLT and TSLZ.

Drawdown Indicators

	TSLT	TSLZ	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-99.11%	+15.95%
Max Drawdown (1Y) Largest decline over 1 year	-55.08%	-76.62%	+21.54%
Current Drawdown Current decline from peak	-62.01%	-99.01%	+37.00%
Average Drawdown Average peak-to-trough decline	-50.23%	-75.36%	+25.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.07%	60.60%	-33.53%

Volatility

TSLT vs. TSLZ - Volatility Comparison

T-Rex 2X Long Tesla Daily Target ETF (TSLT) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) have volatilities of 24.38% and 24.09%, 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.

Volatility by Period

	TSLT	TSLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.38%	24.09%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	54.35%	54.94%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	92.40%	91.64%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.05%	117.04%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.05%	117.04%	+0.01%

TSLT vs. TSLZ - Expense Ratio Comparison

Both TSLT and TSLZ have an expense ratio of 1.05%.

Dividends

TSLT vs. TSLZ - Dividend Comparison

TSLT has not paid dividends to shareholders, while TSLZ's dividend yield for the trailing twelve months is around 0.73%.

Position	TTM	2025	2024	2023
TSLT T-Rex 2X Long Tesla Daily Target ETF	0.00%	0.00%	0.00%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.73%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both TSLT and TSLZ in my portfolio?

TSLT and TSLZ have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLT or TSLZ?

TSLT has higher volatility (24.38%) compared to TSLZ (24.09%). In terms of maximum drawdown, TSLT dropped -83.16% vs TSLZ's -99.11%.

Which ETF is better, TSLT or TSLZ?

On 1-year performance, TSLT leads with 3.78% vs -64.19% for TSLZ. Both ETFs have the same 1.05% expense ratio. On volatility, TSLZ has been the lower-risk option at 24.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLT or TSLZ?

Over the 1-year period, TSLT has performed better with a 3.78% return vs -64.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLT or TSLZ?

TSLT and TSLZ have the same expense ratio: 1.05% per year.

Which ETF pays a higher dividend yield, TSLT or TSLZ?

TSLZ has the higher dividend yield at 0.73%, compared with 0.00% for TSLT.

What is the main difference between TSLT and TSLZ?

TSLT is categorized as Leveraged Equities, while TSLZ is Inverse Equities.

Which has better risk-adjusted returns?

TSLT currently has the higher Sharpe Ratio (0.04 vs -0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.