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.
Key characteristics
| TSLZ | TSLS | |
|---|---|---|
| YTD Return | -80.50% | -43.76% |
| 1Y Return | -82.83% | -46.52% |
| Sharpe Ratio | -0.70 | -0.81 |
| Sortino Ratio | -1.11 | -1.02 |
| Omega Ratio | 0.85 | 0.86 |
| Calmar Ratio | -0.91 | -0.61 |
| Martin Ratio | -1.64 | -1.59 |
| Ulcer Index | 51.83% | 31.20% |
| Daily Std Dev | 122.38% | 61.14% |
| Max Drawdown | -93.11% | -81.35% |
| Current Drawdown | -92.39% | -80.32% |
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
In the year-to-date period, TSLZ achieves a -80.50% return, which is significantly lower than TSLS's -43.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 62.28%, more than TSLS's 7.53% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 62.28% | 12.14% | 0.00% |
TSLS Direxion Daily TSLA Bear 1X Shares | 7.53% | 4.52% | 3.46% |
Drawdowns
TSLZ vs. TSLS - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -93.11%, which is greater than TSLS's maximum drawdown of -81.35%. 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 72.68% compared to Direxion Daily TSLA Bear 1X Shares (TSLS) at 32.43%. 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.