TSLZ vs. TSLS
Compare and contrast key facts about T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) and Direxion Daily TSLA Bear 1X Shares (TSLS).
TSLZ and TSLS 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. TSLS is a passively managed fund by Direxion that tracks the performance of the Tesla Inc (--100%). It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLZ or TSLS.
Correlation
The correlation between TSLZ and TSLS 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. TSLS - Performance Comparison
Key characteristics
TSLZ:
-0.72
TSLS:
-0.99
TSLZ:
-1.67
TSLS:
-1.57
TSLZ:
0.79
TSLS:
0.80
TSLZ:
-0.96
TSLS:
-0.74
TSLZ:
-1.43
TSLS:
-1.49
TSLZ:
64.85%
TSLS:
43.10%
TSLZ:
129.14%
TSLS:
64.79%
TSLZ:
-96.69%
TSLS:
-86.75%
TSLZ:
-96.31%
TSLS:
-85.60%
Returns By Period
In the year-to-date period, TSLZ achieves a -15.66% return, which is significantly lower than TSLS's -7.08% return.
TSLZ
-15.66%
-10.86%
-84.30%
-93.06%
N/A
N/A
TSLS
-7.08%
-3.91%
-52.54%
-64.83%
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. TSLS - Expense Ratio Comparison
TSLZ has a 1.05% expense ratio, which is lower than TSLS's 1.07% expense ratio.
Risk-Adjusted Performance
TSLZ vs. TSLS — Risk-Adjusted Performance Rank
TSLZ
TSLS
TSLZ vs. TSLS - 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 Direxion Daily TSLA Bear 1X Shares (TSLS). 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. TSLS - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 2.48%, less than TSLS's 8.20% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 2.48% | 2.09% | 12.14% | 0.00% |
TSLS Direxion Daily TSLA Bear 1X Shares | 8.20% | 7.61% | 4.52% | 3.46% |
Drawdowns
TSLZ vs. TSLS - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -96.69%, which is greater than TSLS's maximum drawdown of -86.75%. Use the drawdown chart below to compare losses from any high point for TSLZ and TSLS. For additional features, visit the drawdowns tool.
Volatility
TSLZ vs. TSLS - Volatility Comparison
T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 41.21% compared to Direxion Daily TSLA Bear 1X Shares (TSLS) at 21.07%. This indicates that TSLZ's price experiences larger fluctuations and is considered to be riskier than TSLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.