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:
1.19
TSLT:
0.64
TSLA:
1.97
TSLT:
1.76
TSLA:
1.24
TSLT:
1.21
TSLA:
1.14
TSLT:
1.08
TSLA:
3.26
TSLT:
1.69
TSLA:
22.88%
TSLT:
47.30%
TSLA:
62.89%
TSLT:
125.67%
TSLA:
-73.63%
TSLT:
-73.98%
TSLA:
-8.28%
TSLT:
-16.48%
Returns By Period
In the year-to-date period, TSLA achieves a 77.13% return, which is significantly lower than TSLT's 86.94% return.
TSLA
77.13%
29.93%
138.09%
71.11%
75.02%
40.66%
TSLT
86.94%
62.30%
313.04%
73.45%
N/A
N/A
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Risk-Adjusted Performance
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%, roughly equal to the maximum TSLT drawdown of -73.98%. 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 16.49%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 33.19%. 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.