TSLZ vs. TSLA
Compare and contrast key facts about T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and Tesla, Inc. (TSLA).
TSLZ is an actively managed fund by T-Rex. It was launched on Oct 18, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLZ or TSLA.
Correlation
The correlation between TSLZ and TSLA is -1.00. 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. TSLA - Performance Comparison
Key characteristics
TSLZ:
-0.71
TSLA:
1.12
TSLZ:
-1.40
TSLA:
1.90
TSLZ:
0.82
TSLA:
1.23
TSLZ:
-0.93
TSLA:
1.08
TSLZ:
-1.50
TSLA:
3.07
TSLZ:
59.88%
TSLA:
22.90%
TSLZ:
125.80%
TSLA:
62.85%
TSLZ:
-96.69%
TSLA:
-73.63%
TSLZ:
-95.86%
TSLA:
-12.25%
Returns By Period
In the year-to-date period, TSLZ achieves a -89.39% return, which is significantly lower than TSLA's 69.45% return.
TSLZ
-89.39%
-41.22%
-91.64%
-89.11%
N/A
N/A
TSLA
69.45%
23.97%
130.07%
66.73%
72.25%
39.86%
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Risk-Adjusted Performance
TSLZ vs. TSLA - 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 Tesla, Inc. (TSLA). 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. TSLA - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 114.48%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 114.48% | 12.14% |
TSLA Tesla, Inc. | 0.00% | 0.00% |
Drawdowns
TSLZ vs. TSLA - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -96.69%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLZ and TSLA. For additional features, visit the drawdowns tool.
Volatility
TSLZ vs. TSLA - Volatility Comparison
T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 33.67% compared to Tesla, Inc. (TSLA) at 17.10%. This indicates that TSLZ's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.