# TSLT (T-REX 2X LONG TESLA DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TSLT returned −28.3% where its own daily promise gave −25.7%, 2.5 points short.

## Key facts

- TSLT, what TSLA did: −10.1%, as of Sep 11, 2026.
- TSLT, what +2 times a day gives: −25.7%, as of Sep 11, 2026.
- TSLT, what the fund returned: −28.3%, as of Sep 11, 2026.
- TSLT, the fund itself cost: −2.5 pts, as of Sep 11, 2026.
- TSLT, net assets: $253m (source, as filed for Jun 30, 2026).
- TSLT, expense ratio: 1.05% (485BPOS XBRL, Oct 28, 2025).

## TSLT over each window to Sep 11, 2026

| Window | Fund | TSLA | +2x the move | Difference | TSLA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +20.4% | +11.6% | +23.2% | −2.8 pts | 50% |
| 3 months | −28.3% | −10.1% | −20.2% | −8.1 pts | 56% |
| 6 months | −29.3% | −6.6% | −13.2% | −16.1 pts | 51% |
| 1 year | −32.7% | −0.9% | −1.8% | −30.9 pts | 47% |
| Since launch | −33.9% | +66.0% | +132.1% | −166.0 pts | 58% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TSLA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.8 times, against +2 stated | ETFIQ |
| Underlying | TSLA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $253m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.05% | 485BPOS XBRL, Oct 28, 2025 |
| Launched | Oct 19, 2023 | ETFIQ |
| Underlying volatility over the window | 56% annualized | ETFIQ |

## Questions

### Did TSLT return +2 times TSLA?

Over the window to Sep 11, 2026, TSLA moved −10.1% and TSLT returned −28.3%. 2 times that move is −20.2%, so the fund came out 8.1 points short of it.

### Why does TSLT not return +2 times over a year?

Because it resets daily. TSLT aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x TSLA ETF tracked its stated multiple most closely?

5 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, TSLT, data as of Sep 11, 2026. https://etfiq.com/funds/TSLT
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/TSLT  ·  JSON: https://etfiq.com/funds/TSLT.json