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:
-0.71
TSLS:
-0.91
TSLZ:
-1.40
TSLS:
-1.30
TSLZ:
0.82
TSLS:
0.83
TSLZ:
-0.93
TSLS:
-0.66
TSLZ:
-1.50
TSLS:
-1.49
TSLZ:
59.88%
TSLS:
38.53%
TSLZ:
125.80%
TSLS:
62.95%
TSLZ:
-96.69%
TSLS:
-86.75%
TSLZ:
-95.86%
TSLS:
-85.02%
Returns By Period
In the year-to-date period, TSLZ achieves a -89.39% return, which is significantly lower than TSLS's -57.18% return.
TSLZ
-89.39%
-41.22%
-91.64%
-89.11%
N/A
N/A
TSLS
-57.18%
-21.34%
-65.23%
-56.46%
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 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 114.48%, more than TSLS's 6.97% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 114.48% | 12.14% | 0.00% |
TSLS Direxion Daily TSLA Bear 1X Shares | 6.97% | 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 33.67% compared to Direxion Daily TSLA Bear 1X Shares (TSLS) at 17.09%. 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.