TSLZ vs. TSLQ
Compare and contrast key facts about T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and AXS TSLA Bear Daily ETF (TSLQ).
TSLZ and TSLQ 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. TSLQ is an actively managed fund by AXS. It was launched on Jul 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLZ or TSLQ.
Correlation
The correlation between TSLZ and TSLQ is 0.98, 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. TSLQ - Performance Comparison
Key characteristics
TSLZ:
-0.71
TSLQ:
-0.01
TSLZ:
-1.40
TSLQ:
4.68
TSLZ:
0.82
TSLQ:
1.65
TSLZ:
-0.93
TSLQ:
-0.06
TSLZ:
-1.50
TSLQ:
-0.14
TSLZ:
59.88%
TSLQ:
37.43%
TSLZ:
125.80%
TSLQ:
530.00%
TSLZ:
-96.69%
TSLQ:
-91.33%
TSLZ:
-95.86%
TSLQ:
-66.54%
Returns By Period
In the year-to-date period, TSLZ achieves a -89.39% return, which is significantly lower than TSLQ's -4.51% return.
TSLZ
-89.39%
-41.22%
-91.64%
-89.11%
N/A
N/A
TSLQ
-4.51%
256.00%
-22.92%
-2.94%
N/A
N/A
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TSLZ vs. TSLQ - Expense Ratio Comparison
TSLZ has a 1.05% expense ratio, which is lower than TSLQ's 1.15% expense ratio.
Risk-Adjusted Performance
TSLZ vs. TSLQ - 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 AXS TSLA Bear Daily ETF (TSLQ). 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. TSLQ - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 114.48%, more than TSLQ's 13.98% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 114.48% | 12.14% | 0.00% |
TSLQ AXS TSLA Bear Daily ETF | 13.98% | 13.35% | 15.34% |
Drawdowns
TSLZ vs. TSLQ - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -96.69%, which is greater than TSLQ's maximum drawdown of -91.33%. Use the drawdown chart below to compare losses from any high point for TSLZ and TSLQ. For additional features, visit the drawdowns tool.
Volatility
TSLZ vs. TSLQ - Volatility Comparison
The current volatility for T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) is 33.67%, while AXS TSLA Bear Daily ETF (TSLQ) has a volatility of 187.99%. This indicates that TSLZ experiences smaller price fluctuations and is considered to be less risky than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.