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 -0.55. 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. TSLS - Performance Comparison
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Key characteristics
TSLZ:
-0.65
TSLS:
-0.88
TSLZ:
-1.34
TSLS:
-1.23
TSLZ:
0.83
TSLS:
0.85
TSLZ:
-0.96
TSLS:
-0.71
TSLZ:
-1.26
TSLS:
-1.30
TSLZ:
73.60%
TSLS:
47.64%
TSLZ:
143.89%
TSLS:
72.10%
TSLZ:
-96.69%
TSLS:
-86.75%
TSLZ:
-96.11%
TSLS:
-82.92%
Returns By Period
In the year-to-date period, TSLZ achieves a -11.04% return, which is significantly lower than TSLS's 10.24% return.
TSLZ
-11.04%
-34.08%
-53.85%
-93.64%
N/A
N/A
TSLS
10.24%
-17.28%
-16.60%
-63.87%
N/A
N/A
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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.
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Dividends
TSLZ vs. TSLS - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 2.35%, less than TSLS's 5.09% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 2.35% | 2.09% | 12.14% | 0.00% |
TSLS Direxion Daily TSLA Bear 1X Shares | 5.09% | 7.62% | 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.
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Volatility
TSLZ vs. TSLS - Volatility Comparison
T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has a higher volatility of 38.17% compared to Direxion Daily TSLA Bear 1X Shares (TSLS) at 18.74%. 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.
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