TSLZ vs. NVDL
TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both exchange-traded funds - TSLZ is a Inverse Equities fund actively managed by T-Rex, while NVDL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, TSLZ returned -51.89% vs 52.74% for NVDL. At a correlation of -0.35, they often move in opposite directions. Both charge a 1.05% expense ratio.
Performance
TSLZ vs. NVDL - Performance Comparison
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Returns By Period
In the year-to-date period, TSLZ achieves a 11.42% return, which is significantly higher than NVDL's 2.41% return.
TSLZ
- 1D
- 11.56%
- 1M
- 18.35%
- YTD
- 11.42%
- 6M
- 29.37%
- 1Y
- -51.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDL
- 1D
- -8.23%
- 1M
- -15.60%
- YTD
- 2.41%
- 6M
- -0.74%
- 1Y
- 52.74%
- 3Y*
- 92.63%
- 5Y*
- —
- 10Y*
- —
TSLZ vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 11.42% | -75.98% | -88.79% | -24.75% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.41% | 32.57% | 344.58% | 24.12% |
Correlation
The correlation between TSLZ and NVDL is -0.39, 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 | -0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | -0.35 |
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Return for Risk
TSLZ vs. NVDL — Risk / Return Rank
TSLZ
NVDL
TSLZ vs. NVDL - 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 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.
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 | NVDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.17 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 1.25 | -1.97 |
| Martin ratioReturn relative to average drawdown | -0.91 | 2.75 | -3.66 |
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Drawdowns
TSLZ vs. NVDL - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -99.11%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for TSLZ and NVDL.
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Drawdown Indicators
| TSLZ | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.11% | -67.55% | -31.56% |
Max Drawdown (1Y)Largest decline over 1 year | -72.88% | -42.23% | -30.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.55% | — |
Current DrawdownCurrent decline from peak | -98.83% | -30.16% | -68.67% |
Average DrawdownAverage peak-to-trough decline | -75.70% | -17.07% | -58.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.22% | 19.22% | +38.00% |
Volatility
TSLZ vs. NVDL - Volatility Comparison
T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 27.70% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 26.32%. This indicates that TSLZ's price experiences larger fluctuations and is considered to be riskier than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLZ | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.70% | 26.32% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 56.77% | 53.60% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.07% | 70.66% | +17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.88% | 90.42% | +26.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.88% | 90.42% | +26.46% |
TSLZ vs. NVDL - Expense Ratio Comparison
Both TSLZ and NVDL have an expense ratio of 1.05%.
Dividends
TSLZ vs. NVDL - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 0.62%, while NVDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 0.62% | 0.69% | 2.08% | 12.15% |
Frequently Asked Questions
TSLZ and NVDL have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLZ has higher volatility (27.70%) compared to NVDL (26.32%). In terms of maximum drawdown, TSLZ dropped -99.11% vs NVDL's -67.55%.
On 1-year performance, NVDL leads with 52.74% vs -51.89% for TSLZ. Both ETFs have the same 1.05% expense ratio. On volatility, NVDL has been the lower-risk option at 26.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVDL has performed better with a 52.74% return vs -51.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLZ and NVDL have the same expense ratio: 1.05% per year.
TSLZ has the higher dividend yield at 0.62%, compared with 0.00% for NVDL.
TSLZ is categorized as Inverse Equities, while NVDL is Leveraged Equities. They also come from different issuers: T-Rex and GraniteShares.
NVDL currently has the higher Sharpe Ratio (0.75 vs -0.60), 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.
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