TSLZ vs. TSDD
Compare and contrast key facts about T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and GraniteShares 2x Short TSLA Daily ETF (TSDD).
TSLZ and TSDD 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. TSDD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLZ or TSDD.
Correlation
The correlation between TSLZ and TSDD is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSLZ vs. TSDD - Performance Comparison
Key characteristics
TSLZ:
-0.71
TSDD:
-0.72
TSLZ:
-1.40
TSDD:
-1.45
TSLZ:
0.82
TSDD:
0.81
TSLZ:
-0.93
TSDD:
-0.93
TSLZ:
-1.50
TSDD:
-1.50
TSLZ:
59.88%
TSDD:
59.83%
TSLZ:
125.80%
TSDD:
125.31%
TSLZ:
-96.69%
TSDD:
-96.59%
TSLZ:
-95.86%
TSDD:
-95.72%
Returns By Period
The year-to-date returns for both stocks are quite close, with TSLZ having a -89.39% return and TSDD slightly lower at -89.85%.
TSLZ
-89.39%
-41.22%
-91.64%
-89.11%
N/A
N/A
TSDD
-89.85%
-40.60%
-91.36%
-89.60%
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. TSDD - Expense Ratio Comparison
TSLZ has a 1.05% expense ratio, which is lower than TSDD's 1.50% expense ratio.
Risk-Adjusted Performance
TSLZ vs. TSDD - 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 Short TSLA Daily ETF (TSDD). 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.
Dividends
TSLZ vs. TSDD - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 114.48%, less than TSDD's 244.74% yield.
| TTM | 2023 | |
|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 114.48% | 12.14% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 244.74% | 24.84% |
Drawdowns
TSLZ vs. TSDD - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -96.69%, roughly equal to the maximum TSDD drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for TSLZ and TSDD. For additional features, visit the drawdowns tool.
Volatility
TSLZ vs. TSDD - Volatility Comparison
T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and GraniteShares 2x Short TSLA Daily ETF (TSDD) have volatilities of 33.67% and 32.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.