TSLA vs. TSLT
Compare and contrast key facts about Tesla, Inc. (TSLA) and T-Rex 2X Long Tesla Daily Target ETF (TSLT).
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: TSLA or TSLT.
Correlation
The correlation between TSLA and TSLT is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSLA vs. TSLT - Performance Comparison
Key characteristics
TSLA:
0.66
TSLT:
0.08
TSLA:
1.47
TSLT:
1.28
TSLA:
1.17
TSLT:
1.15
TSLA:
0.74
TSLT:
0.15
TSLA:
2.28
TSLT:
0.32
TSLA:
21.26%
TSLT:
38.40%
TSLA:
73.72%
TSLT:
147.00%
TSLA:
-73.63%
TSLT:
-83.11%
TSLA:
-47.04%
TSLT:
-78.80%
Returns By Period
In the year-to-date period, TSLA achieves a -37.08% return, which is significantly higher than TSLT's -69.22% return.
TSLA
-37.08%
1.65%
15.73%
57.36%
38.75%
33.92%
TSLT
-69.22%
-7.50%
-10.65%
26.33%
N/A
N/A
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Risk-Adjusted Performance
TSLA vs. TSLT — Risk-Adjusted Performance Rank
TSLA
TSLT
TSLA vs. TSLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla, Inc. (TSLA) and T-Rex 2X Long Tesla Daily Target ETF (TSLT). 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
TSLA vs. TSLT - Dividend Comparison
Neither TSLA nor TSLT has paid dividends to shareholders.
Drawdowns
TSLA vs. TSLT - Drawdown Comparison
The maximum TSLA drawdown since its inception was -73.63%, smaller than the maximum TSLT drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for TSLA and TSLT. For additional features, visit the drawdowns tool.
Volatility
TSLA vs. TSLT - Volatility Comparison
The current volatility for Tesla, Inc. (TSLA) is 31.80%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 61.52%. This indicates that TSLA experiences smaller price fluctuations and is considered to be less risky than TSLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.