TSLZ vs. CCUP

Last updated Aug 2, 2026

TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) and CCUP (T-REX 2X Long CRCL Daily Target ETF) are both exchange-traded funds - TSLZ is a Inverse Equities fund actively managed by T-Rex, while CCUP is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. Their -0.31 correlation means they have often moved in opposite directions in the past. TSLZ charges 1.05%/yr vs 1.50%/yr for CCUP.

Performance

TSLZ vs. CCUP - 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 Long CRCL Daily Target ETF (CCUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLZ achieves a 45.39% return, which is significantly higher than CCUP's -68.20% return.

TSLZ

• 1D: -1.43%
• 1M: 44.35%
• 6M: 37.89%
• YTD: 45.39%
• 1Y: -48.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -71.84%

CCUP

• 1D: -5.80%
• 1M: -12.38%
• 6M: -48.89%
• YTD: -68.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CCUP T-REX 2X Long CRCL Daily Target ETF	$8.28M	$10.66M	$16.94M
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	$39.89M	$35.72M	$42.79M

TSLZ vs. CCUP - Yearly Performance Comparison

	2026 (YTD)	2025
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	45.39%	-57.74%
CCUP T-REX 2X Long CRCL Daily Target ETF	-68.20%	-82.64%

Correlation

The correlation between TSLZ and CCUP is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025	-0.31

Return for Risk

TSLZ vs. CCUP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSLZ

TSLZ Risk / Return Rank: 5
TSLZ Sharpe Ratio Rank: 5
TSLZ Sortino Ratio Rank: 6
TSLZ Omega Ratio Rank: 6
TSLZ Calmar Ratio Rank: 4
TSLZ Martin Ratio Rank: 5

CCUP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSLZ vs. CCUP - 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 Long CRCL Daily Target ETF (CCUP). 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	CCUP	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	—	—
Sortino ratio: Return per unit of downside risk	-0.33	—	—
Omega ratio: Gain probability vs. loss probability	0.96	—	—
Calmar ratio: Return relative to maximum drawdown	-0.67	—	—
Martin ratio: Return relative to average drawdown	-0.82	—	—

Drawdowns

TSLZ vs. CCUP - Drawdown Comparison

The maximum TSLZ drawdown since its inception was -99.11%, roughly equal to the maximum CCUP drawdown of -94.91%. Use the drawdown chart below to compare losses from any high point for TSLZ and CCUP.

Drawdown Indicators

	TSLZ	CCUP	Difference
Max Drawdown Largest peak-to-trough decline	-99.11%	-94.91%	-4.20%
Max Drawdown (1Y) Largest decline over 1 year	-69.73%	—	—
Current Drawdown Current decline from peak	-98.47%	-94.76%	-3.71%
Average Drawdown Average peak-to-trough decline	-76.60%	-72.72%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.63%	—	—

Volatility

Volatility by Period

	TSLZ	CCUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	67.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	91.79%	193.37%	-101.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.68%	193.37%	-75.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.68%	193.37%	-75.69%

TSLZ vs. CCUP - Expense Ratio Comparison

TSLZ has a 1.05% expense ratio, which is lower than CCUP's 1.50% expense ratio.

Dividends

TSLZ vs. CCUP - Dividend Comparison

TSLZ's dividend yield for the trailing twelve months is around 0.47%, while CCUP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CCUP T-REX 2X Long CRCL Daily Target ETF	0.00%	0.00%	0.00%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.47%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both TSLZ and CCUP in my portfolio?

TSLZ and CCUP have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLZ or CCUP?

On fees, TSLZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSLZ or CCUP?

TSLZ is cheaper with a 1.05% expense ratio, compared with 1.50% for CCUP.

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

TSLZ has the higher dividend yield at 0.47%, compared with 0.00% for CCUP.

What is the main difference between TSLZ and CCUP?

TSLZ is categorized as Inverse Equities, while CCUP is Leveraged Equities. Their fees differ too: 1.05% for TSLZ and 1.50% for CCUP.