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 | -38.34% | -8.87% |
| Daily Std Dev | 109.66% | 54.19% |
| Max Drawdown | -77.71% | -70.65% |
| Current Drawdown | -75.94% | -68.11% |
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 -38.34% return, which is significantly lower than TSLS's -8.87% 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.
Not enough dataDividends
TSLZ vs. TSLS - Dividend Comparison
TSLZ's dividend yield for the trailing twelve months is around 19.69%, more than TSLS's 3.78% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 19.69% | 12.14% | 0.00% |
TSLS Direxion Daily TSLA Bear 1X Shares | 3.78% | 4.52% | 3.46% |
Drawdowns
TSLZ vs. TSLS - Drawdown Comparison
The maximum TSLZ drawdown since its inception was -77.71%, which is greater than TSLS's maximum drawdown of -70.65%. 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 30.92% compared to Direxion Daily TSLA Bear 1X Shares (TSLS) at 15.45%. 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.