Which came closer to its stated multiple, TSLT or TSLZ?

Over the window to Sep 30, 2026, TSLT finished 4.8 points from what its multiple implies and TSLZ finished 15.5 points from its own, so TSLT came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are TSLT and TSLZ levered on the same thing?

Yes. Both are levered on Tesla, TSLT at +2 times and TSLZ at -2 times the daily move.

Which one decays faster, TSLT or TSLZ?

Decay follows how much the underlying moves about. Over this window TSLT’s moved at 52% annualized and TSLZ’s at 52%, so TSLT has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold TSLT or TSLZ for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, TSLT or TSLZ?

TSLT charges 1.05% a year and TSLZ charges 1.05%, so TSLT is cheaper. Fees come from each fund's prospectus.

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TSLT vs TSLZ: which held to its multiple?

Over three months against its own daily promise, TSLT finished 2.4 points short and TSLZ 0.3 points over. T-REX 2X LONG TESLA DAILY TARGET ETF and T-REX 2X INVERSE TESLA DAILY TARGET ETF.

−37.9%

TSLT returned, 3 months

+17.6%

TSLZ returned, 3 months

−4.8 pts

TSLT from its stated multiple

−15.5 pts

TSLZ from its stated multiple

TSLT · 3 months to Sep 30, 20264.8 pts short of its stated multiple

TSLT returned −37.9% while 2 times TSLA's move would have been −33.1%

TSLZ · 3 months to Sep 30, 202615.5 pts short of its stated multiple

TSLZ returned +17.6% while −2 times TSLA's move would have been +33.1%

ETFIQ Decay Resistance Score · TSLT scores higherDid it keep up with its own daily multiple, compounded day by day?

TSLT among the 470 leveraged ETFs, long, over three months

TSLT 59.5

0.1, the lowest in this set99.9, the highest

TSLZ among the 125 inverse ETFs over three months

TSLZ 22

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. TSLZ is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	TSLT	TSLZ	TSLT	TSLZ	TSLT	TSLZ
1 month	−9.3%	+3.6%	−7.1%	+7.1%	−2.1 pts	−3.6 pts
3 months	−37.9%	+17.6%	−33.1%	+33.1%	−4.8 pts	−15.5 pts
6 months	−29.4%	−18.7%	−13.9%	+13.9%	−15.6 pts	−32.6 pts
1 year	−56.1%	−14.2%	−40.4%	+40.4%	−15.6 pts	−54.6 pts
Since launch TSLT Oct 2023 · TSLZ Oct 2023	−38.4%	−98.0%	+122.4%	−122.4%	−160.8 pts	+24.4 pts

TSLT and TSLZ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

TSLT

T-REX 2X LONG TESLA DAILY TARGET ETF · Aims to return twice the daily move of Tesla (TSLA)

TSLZ

T-REX 2X INVERSE TESLA DAILY TARGET ETF · Aims to return twice the opposite of the daily move of Tesla (TSLA)

Issuer T-REX T-REX

Sets out to return +2x -2x

Underlying asset TSLA TSLA

Segment company company

Fund returned, 3 months or since launch −37.9% +17.6%

Underlying returned, over that window −16.6% −16.6%

What the stated multiple implies, over that window −33.1% +33.1%

Difference from stated, over that window −4.8 pts −15.5 pts

Fund returned, 1 year or since launch −56.1% −14.2%

Difference from stated, over that window −15.6 pts −54.6 pts

Underlying volatility 52% 52%

Difference over the days both have traded −4.8 pts −15.5 pts

Expense ratio 1.05% 1.05%

Launched Oct 19, 2023 Oct 19, 2023

Net assets $142m $30m

TSLT and TSLZ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TSLT in plain words

Three months to Sep 30, 2026: TSLT returned −37.9% where its own daily promise gave −35.6%, 2.4 points short. Read the multiple against the whole window instead and 2 times TSLA's −16.6% implies −33.1%, which makes TSLT look 4.8 points short. 2.4 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. TSLT aims to return +2 times TSLA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. TSLA moved at 52% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

TSLZ in plain words

Three months to Sep 30, 2026: TSLZ returned +17.6% where its own daily promise gave +17.3%, 0.3 points over. Read the multiple against the whole window instead and −2 times TSLA's −16.6% implies +33.1%, which makes TSLZ look 15.5 points short. 15.8 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. TSLZ aims to return -2 times TSLA's move each day, then resets. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.

Questions people ask

Which came closer to its stated multiple, TSLT or TSLZ?: Over the window to Sep 30, 2026, TSLT finished 4.8 points from what its multiple implies and TSLZ finished 15.5 points from its own, so TSLT came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are TSLT and TSLZ levered on the same thing?: Yes. Both are levered on Tesla, TSLT at +2 times and TSLZ at -2 times the daily move.
Which one decays faster, TSLT or TSLZ?: Decay follows how much the underlying moves about. Over this window TSLT’s moved at 52% annualized and TSLZ’s at 52%, so TSLT has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold TSLT or TSLZ for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, TSLT or TSLZ?: TSLT charges 1.05% a year and TSLZ charges 1.05%, so TSLT is cheaper. Fees come from each fund's prospectus.

Other comparisons

TSLT vs TESC TSLT vs TSDD TSLT vs TSL TSLT vs TSLG TSLZ vs TSLS TSLZ vs TSDD TSLZ vs TSL TSLZ vs TSLG

TSLT on its own →TSLZ on its own →How every figure is computed →Standards and sources →

Where these figures came from

TSLT and TSLZ filings on SEC EDGAR ↗TSLT and TSLZ prospectus with the expense ratio (SEC) ↗T-REX page for TSLT ↗T-REX page for TSLZ ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, TSLT against TSLZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tslt-vs-tslz

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.