TSLZ vs. PLTD

Last updated Jun 3, 2026

TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) and PLTD (Direxion Daily PLTR Bear 1X Shares) are both Inverse Equities funds. TSLZ is actively managed, while PLTD is passively managed. Over the past year, TSLZ returned -64.61% vs -27.54% for PLTD. At a 0.42 correlation, their price movements are largely independent. TSLZ charges 1.05%/yr vs 0.98%/yr for PLTD.

Performance

TSLZ vs. PLTD - 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 Direxion Daily PLTR Bear 1X Shares (PLTD). 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 PLTD's 6.19% return.

TSLZ

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

PLTD

• 1D: 5.07%
• 1M: -7.47%
• YTD: 6.19%
• 6M: 1.37%
• 1Y: -27.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLZ vs. PLTD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	-5.60%	-75.98%	1.07%
PLTD Direxion Daily PLTR Bear 1X Shares	6.19%	-70.53%	-5.12%

Correlation

The correlation between TSLZ and PLTD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.42

Return for Risk

TSLZ vs. PLTD — 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

PLTD

PLTD Risk / Return Rank: 4
PLTD Sharpe Ratio Rank: 4
PLTD Sortino Ratio Rank: 4
PLTD Omega Ratio Rank: 4
PLTD Calmar Ratio Rank: 3
PLTD Martin Ratio Rank: 4

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. PLTD - 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 Direxion Daily PLTR Bear 1X Shares (PLTD). 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	PLTD	Difference
Sharpe ratio Return per unit of total volatility	-0.71	-0.54	-0.17
Sortino ratio Return per unit of downside risk	-0.96	-0.55	-0.41
Omega ratio Gain probability vs. loss probability	0.89	0.94	-0.04
Calmar ratio Return relative to maximum drawdown	-0.83	-0.62	-0.22
Martin ratio Return relative to average drawdown	-1.06	-0.92	-0.14
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. PLTD - Sharpe Ratio Comparison

The current TSLZ Sharpe Ratio is -0.71, which is lower than the PLTD Sharpe Ratio of -0.54. The chart below compares the historical Sharpe Ratios of TSLZ and PLTD, 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	PLTD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.71	-0.54	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	-0.89	+0.22

Drawdowns

TSLZ vs. PLTD - Drawdown Comparison

The maximum TSLZ drawdown since its inception was -99.11%, which is greater than PLTD's maximum drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for TSLZ and PLTD.

Drawdown Indicators

	TSLZ	PLTD	Difference
Max Drawdown Largest peak-to-trough decline	-99.11%	-77.34%	-21.77%
Max Drawdown (1Y) Largest decline over 1 year	-76.62%	-44.79%	-31.83%
Current Drawdown Current decline from peak	-99.01%	-72.81%	-26.20%
Average Drawdown Average peak-to-trough decline	-75.32%	-59.40%	-15.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.42%	30.09%	+30.33%

Volatility

TSLZ vs. PLTD - Volatility Comparison

T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 24.08% compared to Direxion Daily PLTR Bear 1X Shares (PLTD) at 17.45%. This indicates that TSLZ's price experiences larger fluctuations and is considered to be riskier than PLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLZ	PLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.08%	17.45%	+6.63%
Volatility (6M) Calculated over the trailing 6-month period	54.94%	37.48%	+17.46%
Volatility (1Y) Calculated over the trailing 1-year period	91.67%	51.35%	+40.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.13%	63.56%	+53.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.13%	63.56%	+53.57%

TSLZ vs. PLTD - Expense Ratio Comparison

TSLZ has a 1.05% expense ratio, which is higher than PLTD's 0.98% expense ratio.

Dividends

TSLZ vs. PLTD - Dividend Comparison

TSLZ's dividend yield for the trailing twelve months is around 0.73%, less than PLTD's 3.48% yield.

Position	TTM	2025	2024	2023
PLTD Direxion Daily PLTR Bear 1X Shares	3.48%	5.17%	0.00%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.73%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both TSLZ and PLTD in my portfolio?

TSLZ and PLTD have a correlation of 0.34, 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 PLTD?

TSLZ has higher volatility (24.08%) compared to PLTD (17.45%). In terms of maximum drawdown, TSLZ dropped -99.11% vs PLTD's -77.34%.

Which ETF is better, TSLZ or PLTD?

On 1-year performance, PLTD leads with -27.54% vs -64.61% for TSLZ. On fees, PLTD is cheaper at 0.98% per year. On volatility, PLTD has been the lower-risk option at 17.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLZ or PLTD?

Over the 1-year period, PLTD has performed better with a -27.54% 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 PLTD?

PLTD is cheaper with a 0.98% expense ratio, compared with 1.05% for TSLZ.

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

PLTD has the higher dividend yield at 3.48%, compared with 0.73% for TSLZ.

What is the main difference between TSLZ and PLTD?

They also come from different issuers: T-Rex and Direxion. Their fees differ too: 1.05% for TSLZ and 0.98% for PLTD.

Which has better risk-adjusted returns?

PLTD currently has the higher Sharpe Ratio (-0.54 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.