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:
1.51
TSLT:
0.96
TSLA:
2.28
TSLT:
2.07
TSLA:
1.27
TSLT:
1.25
TSLA:
1.50
TSLT:
1.68
TSLA:
6.83
TSLT:
3.91
TSLA:
14.32%
TSLT:
31.82%
TSLA:
64.69%
TSLT:
129.30%
TSLA:
-73.63%
TSLT:
-73.98%
TSLA:
-11.12%
TSLT:
-25.51%
Returns By Period
In the year-to-date period, TSLA achieves a 5.61% return, which is significantly lower than TSLT's 8.13% return.
TSLA
5.61%
-3.10%
78.30%
101.29%
66.01%
42.10%
TSLT
8.13%
-10.82%
130.11%
132.07%
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%, 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 20.78%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 41.47%. 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.