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 | -8.56% | -41.15% |
| Daily Std Dev | 54.07% | 109.15% |
| Max Drawdown | -73.63% | -73.98% |
| Current Drawdown | -44.58% | -46.94% |
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 -8.56% return, which is significantly higher than TSLT's -41.15% 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.
Not enough dataDividends
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 15.79%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 32.03%. 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.