TSLZ vs. NVDL
Compare and contrast key facts about T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
TSLZ and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLZ is an actively managed fund by T-Rex. It was launched on Oct 18, 2023. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLZ or NVDL.
Correlation
The correlation between TSLZ and NVDL is -0.40. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TSLZ vs. NVDL - Performance Comparison
Loading data...
Key characteristics
TSLZ:
91.05%
NVDL:
55.58%
TSLZ:
-15.62%
NVDL:
-1.41%
TSLZ:
-15.62%
NVDL:
-1.41%
Returns By Period
TSLZ
N/A
N/A
N/A
N/A
N/A
N/A
NVDL
N/A
N/A
N/A
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TSLZ vs. NVDL - Expense Ratio Comparison
TSLZ has a 1.05% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
TSLZ vs. NVDL — Risk-Adjusted Performance Rank
TSLZ
NVDL
TSLZ vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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.
Loading data...
Dividends
TSLZ vs. NVDL - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 2.35%, while NVDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 2.35% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
TSLZ vs. NVDL - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -15.62%, which is greater than NVDL's maximum drawdown of -1.41%. Use the drawdown chart below to compare losses from any high point for TSLZ and NVDL. For additional features, visit the drawdowns tool.
Loading data...
Volatility
TSLZ vs. NVDL - Volatility Comparison
Loading data...