TSLZ vs. CRSH

Last updated Jun 21, 2026

TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) and CRSH (YieldMax Short TSLA Option Income Strategy ETF) are both exchange-traded funds - TSLZ is a Inverse Equities fund actively managed by T-Rex, while CRSH is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, TSLZ returned -63.15% vs -16.73% for CRSH. With a 0.96 correlation, they move nearly in lockstep. TSLZ charges 1.05%/yr vs 0.99%/yr for CRSH.

Performance

TSLZ vs. CRSH - 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 YieldMax Short TSLA Option Income Strategy ETF (CRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLZ achieves a 1.98% return, which is significantly lower than CRSH's 7.21% return.

TSLZ

• 1D: -2.02%
• 1M: 8.33%
• YTD: 1.98%
• 6M: 16.16%
• 1Y: -63.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRSH

• 1D: -1.45%
• 1M: 4.53%
• YTD: 7.21%
• 6M: 13.78%
• 1Y: -16.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLZ vs. CRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	1.98%	-75.98%	-91.88%
CRSH YieldMax Short TSLA Option Income Strategy ETF	7.21%	-13.40%	-52.42%

Correlation

The correlation between TSLZ and CRSH is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since May 2, 2024	0.96

The correlation between TSLZ and CRSH has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

TSLZ vs. CRSH — 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: 2
TSLZ Martin Ratio Rank: 4

CRSH

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

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. CRSH - 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 YieldMax Short TSLA Option Income Strategy ETF (CRSH). 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	CRSH	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	-0.46	-0.26
Sortino ratio: Return per unit of downside risk	-0.96	-0.45	-0.51
Omega ratio: Gain probability vs. loss probability	0.89	0.95	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.87	-0.50	-0.37
Martin ratio: Return relative to average drawdown	-1.11	-0.77	-0.34

TSLZ vs. CRSH - Sharpe Ratio Comparison

The current TSLZ Sharpe Ratio is -0.72, which is lower than the CRSH Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of TSLZ and CRSH, 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. CRSH - Drawdown Comparison

The maximum TSLZ drawdown since its inception was -99.11%, which is greater than CRSH's maximum drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for TSLZ and CRSH.

Drawdown Indicators

	TSLZ	CRSH	Difference
Max Drawdown Largest peak-to-trough decline	-99.11%	-63.68%	-35.43%
Max Drawdown (1Y) Largest decline over 1 year	-72.88%	-33.45%	-39.43%
Current Drawdown Current decline from peak	-98.93%	-57.82%	-41.11%
Average Drawdown Average peak-to-trough decline	-75.63%	-43.35%	-32.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.93%	21.60%	+35.33%

Volatility

TSLZ vs. CRSH - Volatility Comparison

T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 26.29% compared to YieldMax Short TSLA Option Income Strategy ETF (CRSH) at 8.72%. This indicates that TSLZ's price experiences larger fluctuations and is considered to be riskier than CRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLZ	CRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.29%	8.72%	+17.57%
Volatility (6M) Calculated over the trailing 6-month period	56.82%	22.64%	+34.18%
Volatility (1Y) Calculated over the trailing 1-year period	87.33%	35.93%	+51.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.82%	47.24%	+69.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.82%	47.24%	+69.58%

TSLZ vs. CRSH - Expense Ratio Comparison

TSLZ has a 1.05% expense ratio, which is higher than CRSH's 0.99% expense ratio.

Dividends

TSLZ vs. CRSH - Dividend Comparison

TSLZ's dividend yield for the trailing twelve months is around 0.67%, less than CRSH's 86.05% yield.

Position	TTM	2025	2024	2023
CRSH YieldMax Short TSLA Option Income Strategy ETF	86.05%	138.78%	94.25%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.67%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both TSLZ and CRSH in my portfolio?

With a correlation of 0.98, TSLZ and CRSH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSLZ or CRSH?

TSLZ has higher volatility (26.29%) compared to CRSH (8.72%). In terms of maximum drawdown, TSLZ dropped -99.11% vs CRSH's -63.68%.

Which ETF is better, TSLZ or CRSH?

On 1-year performance, CRSH leads with -16.73% vs -63.15% for TSLZ. On fees, CRSH is cheaper at 0.99% per year. On volatility, CRSH has been the lower-risk option at 8.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLZ or CRSH?

Over the 1-year period, CRSH has performed better with a -16.73% return vs -63.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLZ or CRSH?

CRSH is cheaper with a 0.99% expense ratio, compared with 1.05% for TSLZ.

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

CRSH has the higher dividend yield at 86.05%, compared with 0.67% for TSLZ.

What is the main difference between TSLZ and CRSH?

TSLZ is categorized as Inverse Equities, while CRSH is Derivative Income. They also come from different issuers: T-Rex and YieldMax. Their fees differ too: 1.05% for TSLZ and 0.99% for CRSH.

Which has better risk-adjusted returns?

CRSH currently has the higher Sharpe Ratio (-0.46 vs -0.72), 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.