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.
Key characteristics
| TSLA | TSLT | |
|---|---|---|
| YTD Return | 40.86% | 24.83% |
| 1Y Return | 63.06% | 61.76% |
| Sharpe Ratio | 1.10 | 0.56 |
| Sortino Ratio | 1.90 | 1.68 |
| Omega Ratio | 1.23 | 1.20 |
| Calmar Ratio | 1.02 | 0.93 |
| Martin Ratio | 2.92 | 1.45 |
| Ulcer Index | 22.86% | 47.25% |
| Daily Std Dev | 60.97% | 121.75% |
| Max Drawdown | -73.63% | -73.98% |
| Current Drawdown | -14.63% | 0.00% |
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
In the year-to-date period, TSLA achieves a 40.86% return, which is significantly higher than TSLT's 24.83% 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
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 26.55%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 49.92%. 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.