TSLZ vs. FDG

Last updated Jun 3, 2026

TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) and FDG (American Century Focused Dynamic Growth ETF) are both exchange-traded funds - TSLZ is a Inverse Equities fund actively managed by T-Rex, while FDG is a Global Equities fund actively managed by American Century. Both are actively managed. Over the past year, TSLZ returned -64.61% vs 34.58% for FDG. At a correlation of -0.60, they often move in opposite directions. TSLZ charges 1.05%/yr vs 0.45%/yr for FDG.

Performance

TSLZ vs. FDG - 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 American Century Focused Dynamic Growth ETF (FDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLZ achieves a -5.60% return, which is significantly lower than FDG's 9.71% return.

TSLZ

• 1D: -3.70%
• 1M: -18.37%
• YTD: -5.60%
• 6M: -16.90%
• 1Y: -64.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDG

• 1D: -1.16%
• 1M: 6.55%
• YTD: 9.71%
• 6M: 12.54%
• 1Y: 34.58%
• 3Y*: 30.14%
• 5Y*: 13.50%
• 10Y*: —

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

TSLZ vs. FDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	-5.60%	-75.98%	-88.79%	-28.07%
FDG American Century Focused Dynamic Growth ETF	9.71%	22.13%	45.89%	14.34%

Correlation

The correlation between TSLZ and FDG is -0.58, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.58
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	-0.60

The correlation between TSLZ and FDG has been stable across timeframes, ranging from -0.60 to -0.58 - a consistent structural relationship.

Return for Risk

TSLZ vs. FDG — 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: 3
TSLZ Calmar Ratio Rank: 2
TSLZ Martin Ratio Rank: 3

FDG

FDG Risk / Return Rank: 52
FDG Sharpe Ratio Rank: 58
FDG Sortino Ratio Rank: 54
FDG Omega Ratio Rank: 54
FDG Calmar Ratio Rank: 46
FDG Martin Ratio Rank: 49

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. FDG - 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 American Century Focused Dynamic Growth ETF (FDG). 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.

	TSLZ	FDG	Difference
Sharpe ratio Return per unit of total volatility	-0.71	1.97	-2.68
Sortino ratio Return per unit of downside risk	-0.96	2.62	-3.58
Omega ratio Gain probability vs. loss probability	0.89	1.34	-0.44
Calmar ratio Return relative to maximum drawdown	-0.83	2.30	-3.14
Martin ratio Return relative to average drawdown	-1.06	8.14	-9.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLZ vs. FDG - Sharpe Ratio Comparison

The current TSLZ Sharpe Ratio is -0.71, which is lower than the FDG Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of TSLZ and FDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLZ	FDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.71	1.97	-2.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	0.94	-1.61

Drawdowns

TSLZ vs. FDG - Drawdown Comparison

The maximum TSLZ drawdown since its inception was -99.11%, which is greater than FDG's maximum drawdown of -43.69%. Use the drawdown chart below to compare losses from any high point for TSLZ and FDG.

Drawdown Indicators

	TSLZ	FDG	Difference
Max Drawdown Largest peak-to-trough decline	-99.11%	-43.69%	-55.42%
Max Drawdown (1Y) Largest decline over 1 year	-76.62%	-15.71%	-60.91%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.69%	—
Current Drawdown Current decline from peak	-99.01%	-1.16%	-97.85%
Average Drawdown Average peak-to-trough decline	-75.32%	-13.44%	-61.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.42%	4.44%	+55.98%

Volatility

TSLZ vs. FDG - Volatility Comparison

T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 24.08% compared to American Century Focused Dynamic Growth ETF (FDG) at 4.66%. This indicates that TSLZ's price experiences larger fluctuations and is considered to be riskier than FDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLZ	FDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.08%	4.66%	+19.42%
Volatility (6M) Calculated over the trailing 6-month period	54.94%	13.88%	+41.06%
Volatility (1Y) Calculated over the trailing 1-year period	91.67%	17.68%	+73.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.13%	24.67%	+92.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.13%	24.89%	+92.24%

TSLZ vs. FDG - Expense Ratio Comparison

TSLZ has a 1.05% expense ratio, which is higher than FDG's 0.45% expense ratio.

Dividends

TSLZ vs. FDG - Dividend Comparison

TSLZ's dividend yield for the trailing twelve months is around 0.73%, while FDG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
FDG American Century Focused Dynamic Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.73%	0.69%	2.08%	12.15%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLZ and FDG in my portfolio?

TSLZ and FDG have a correlation of -0.58, 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 FDG?

TSLZ has higher volatility (24.08%) compared to FDG (4.66%). In terms of maximum drawdown, TSLZ dropped -99.11% vs FDG's -43.69%.

Which ETF is better, TSLZ or FDG?

On 1-year performance, FDG leads with 34.58% vs -64.61% for TSLZ. On fees, FDG is cheaper at 0.45% per year. On volatility, FDG has been the lower-risk option at 4.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLZ or FDG?

Over the 1-year period, FDG has performed better with a 34.58% return vs -64.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLZ or FDG?

FDG is cheaper with a 0.45% expense ratio, compared with 1.05% for TSLZ.

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

TSLZ has the higher dividend yield at 0.73%, compared with 0.00% for FDG.

What is the main difference between TSLZ and FDG?

TSLZ is categorized as Inverse Equities, while FDG is Global Equities. They also come from different issuers: T-Rex and American Century. Their fees differ too: 1.05% for TSLZ and 0.45% for FDG.

Which has better risk-adjusted returns?

FDG currently has the higher Sharpe Ratio (1.97 vs -0.71), 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.