TSLZ vs. BTCZ

Last updated Jul 14, 2026

TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both exchange-traded funds - TSLZ is a Inverse Equities fund actively managed by T-Rex, while BTCZ is a Cryptocurrency fund actively managed by T-Rex. Both are actively managed. Over the past year, TSLZ returned -64.57% vs 108.59% for BTCZ. At a 0.43 correlation, their price movements are largely independent. TSLZ charges 1.05%/yr vs 0.95%/yr for BTCZ.

Performance

TSLZ vs. BTCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLZ achieves a -2.82% return, which is significantly lower than BTCZ's 38.95% return.

TSLZ

• 1D: 6.27%
• 1M: -2.04%
• 6M: -2.04%
• YTD: -2.82%
• 1Y: -64.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCZ

• 1D: 5.22%
• 1M: 1.04%
• 6M: 53.34%
• YTD: 38.95%
• 1Y: 108.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLZ vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	-2.82%	-75.98%	-80.53%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	38.95%	-29.11%	-76.45%

Correlation

The correlation between TSLZ and BTCZ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	0.43

Return for Risk

TSLZ vs. BTCZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLZ

TSLZ Risk / Return Rank: 3
TSLZ Sharpe Ratio Rank: 3
TSLZ Sortino Ratio Rank: 3
TSLZ Omega Ratio Rank: 4
TSLZ Calmar Ratio Rank: 1
TSLZ Martin Ratio Rank: 3

BTCZ

BTCZ Risk / Return Rank: 46
BTCZ Sharpe Ratio Rank: 44
BTCZ Sortino Ratio Rank: 48
BTCZ Omega Ratio Rank: 44
BTCZ Calmar Ratio Rank: 56
BTCZ Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLZ vs. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TSLZ	BTCZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	1.23	-1.96
Sortino ratio: Return per unit of downside risk	-1.00	1.92	-2.92
Omega ratio: Gain probability vs. loss probability	0.89	1.23	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.93	2.23	-3.16
Martin ratio: Return relative to average drawdown	-1.17	5.00	-6.17

TSLZ vs. BTCZ - Sharpe Ratio Comparison

The current TSLZ Sharpe Ratio is -0.73, which is lower than the BTCZ Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of TSLZ and BTCZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLZ vs. BTCZ - Drawdown Comparison

The maximum TSLZ drawdown since its inception was -99.11%, which is greater than BTCZ's maximum drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for TSLZ and BTCZ.

Drawdown Indicators

	TSLZ	BTCZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.11%	-91.06%	-8.05%
Max Drawdown (1Y) Largest decline over 1 year	-69.73%	-49.02%	-20.71%
Current Drawdown Current decline from peak	-98.98%	-77.59%	-21.39%
Average Drawdown Average peak-to-trough decline	-76.15%	-73.76%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.11%	21.81%	+33.30%

Volatility

TSLZ vs. BTCZ - Volatility Comparison

T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 35.37% compared to T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) at 23.06%. This indicates that TSLZ's price experiences larger fluctuations and is considered to be riskier than BTCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLZ	BTCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.37%	23.06%	+12.31%
Volatility (6M) Calculated over the trailing 6-month period	62.89%	69.02%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	88.39%	88.91%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.16%	96.52%	+20.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.16%	96.52%	+20.64%

TSLZ vs. BTCZ - Expense Ratio Comparison

TSLZ has a 1.05% expense ratio, which is higher than BTCZ's 0.95% expense ratio.

Dividends

TSLZ vs. BTCZ - Dividend Comparison

TSLZ's dividend yield for the trailing twelve months is around 0.71%, more than BTCZ's 0.01% yield.

Position	TTM	2025	2024	2023
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.71%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both TSLZ and BTCZ in my portfolio?

TSLZ and BTCZ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLZ or BTCZ?

TSLZ has higher volatility (35.37%) compared to BTCZ (23.06%). In terms of maximum drawdown, TSLZ dropped -99.11% vs BTCZ's -91.06%.

Which ETF is better, TSLZ or BTCZ?

On 1-year performance, BTCZ leads with 108.59% vs -64.57% for TSLZ. On fees, BTCZ is cheaper at 0.95% per year. On volatility, BTCZ has been the lower-risk option at 23.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLZ or BTCZ?

Over the 1-year period, BTCZ has performed better with a 108.59% return vs -64.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLZ or BTCZ?

BTCZ is cheaper with a 0.95% expense ratio, compared with 1.05% for TSLZ.

Which ETF pays a higher dividend yield, TSLZ or BTCZ?

TSLZ has the higher dividend yield at 0.71%, compared with 0.01% for BTCZ.

What is the main difference between TSLZ and BTCZ?

TSLZ is categorized as Inverse Equities, while BTCZ is Cryptocurrency. Their fees differ too: 1.05% for TSLZ and 0.95% for BTCZ.

Which has better risk-adjusted returns?

BTCZ currently has the higher Sharpe Ratio (1.23 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.