TSLZ vs. SH
Compare and contrast key facts about T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and ProShares Short S&P500 (SH).
TSLZ and SH 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. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006.
Performance
TSLZ vs. SH - Performance Comparison
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TSLZ vs. SH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 33.84% | -75.98% | -88.79% | -28.07% |
SH ProShares Short S&P500 | 5.77% | -11.35% | -13.52% | -9.16% |
Returns By Period
In the year-to-date period, TSLZ achieves a 33.84% return, which is significantly higher than SH's 5.77% return.
TSLZ
- 1D
- -9.26%
- 1M
- 13.19%
- YTD
- 33.84%
- 6M
- 11.47%
- 1Y
- -80.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SH
- 1D
- -2.82%
- 1M
- 5.57%
- YTD
- 5.77%
- 6M
- 4.49%
- 1Y
- -11.46%
- 3Y*
- -9.86%
- 5Y*
- -7.57%
- 10Y*
- -11.84%
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TSLZ vs. SH - Expense Ratio Comparison
TSLZ has a 1.05% expense ratio, which is higher than SH's 0.90% expense ratio.
Return for Risk
TSLZ vs. SH — Risk / Return Rank
TSLZ
SH
TSLZ vs. SH - 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 ProShares Short S&P500 (SH). 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 | SH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.74 | -0.63 | -0.10 |
Sortino ratioReturn per unit of downside risk | -1.20 | -0.79 | -0.42 |
Omega ratioGain probability vs. loss probability | 0.85 | 0.89 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.45 | -0.44 |
Martin ratioReturn relative to average drawdown | -1.03 | -0.55 | -0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLZ | SH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | -0.63 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.45 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | -0.56 | -0.09 |
Correlation
The correlation between TSLZ and SH is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TSLZ vs. SH - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 0.51%, less than SH's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 0.51% | 0.69% | 2.08% | 12.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SH ProShares Short S&P500 | 3.92% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
Drawdowns
TSLZ vs. SH - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -99.11%, which is greater than SH's maximum drawdown of -94.26%. Use the drawdown chart below to compare losses from any high point for TSLZ and SH.
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Drawdown Indicators
| TSLZ | SH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.11% | -94.26% | -4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -90.53% | -26.61% | -63.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.31% | — |
Current DrawdownCurrent decline from peak | -98.59% | -93.82% | -4.77% |
Average DrawdownAverage peak-to-trough decline | -73.67% | -67.49% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.94% | 21.81% | +56.13% |
Volatility
TSLZ vs. SH - Volatility Comparison
T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 22.72% compared to ProShares Short S&P500 (SH) at 5.30%. This indicates that TSLZ's price experiences larger fluctuations and is considered to be riskier than SH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLZ | SH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.72% | 5.30% | +17.42% |
Volatility (6M)Calculated over the trailing 6-month period | 58.17% | 9.43% | +48.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.01% | 18.17% | +91.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.13% | 16.87% | +102.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.13% | 17.99% | +101.14% |