Correlation
The correlation between TSLZ and TSLQ is -0.56. 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.
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.
Performance
TSLZ vs. TSLQ - Performance Comparison
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Key characteristics
TSLZ:
-0.66
TSLQ:
-0.65
TSLZ:
-1.60
TSLQ:
-1.26
TSLZ:
0.80
TSLQ:
0.84
TSLZ:
-0.97
TSLQ:
-0.95
TSLZ:
-1.25
TSLQ:
-1.38
TSLZ:
75.92%
TSLQ:
66.42%
TSLZ:
144.55%
TSLQ:
140.86%
TSLZ:
-97.48%
TSLQ:
-96.90%
TSLZ:
-97.25%
TSLQ:
-96.61%
Returns By Period
The year-to-date returns for both investments are quite close, with TSLZ having a -37.15% return and TSLQ slightly higher at -35.82%.
TSLZ
-37.15%
-35.06%
-59.16%
-94.83%
N/A
N/A
N/A
TSLQ
-35.82%
-35.10%
-58.01%
-91.56%
N/A
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 Rank
TSLZ
TSLQ
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.
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Dividends
TSLZ vs. TSLQ - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 3.32%, less than TSLQ's 7.71% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 3.32% | 2.09% | 12.14% | 0.00% |
TSLQ AXS TSLA Bear Daily ETF | 7.71% | 4.95% | 13.35% | 2.56% |
Drawdowns
TSLZ vs. TSLQ - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -97.48%, roughly equal to the maximum TSLQ drawdown of -96.90%. Use the drawdown chart below to compare losses from any high point for TSLZ and TSLQ.
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Volatility
TSLZ vs. TSLQ - Volatility Comparison
T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and AXS TSLA Bear Daily ETF (TSLQ) have volatilities of 29.71% and 29.67%, 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.
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