# TSLZ (T-REX 2X INVERSE TESLA DAILY TARGET ETF)

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

Three months to Sep 11, 2026: TSLZ returned −1.0% where its own daily promise gave −1.7%, 0.7 points over.

## Key facts

- TSLZ, what TSLA did: −10.1%, as of Sep 11, 2026.
- TSLZ, what −2 times a day gives: −1.7%, as of Sep 11, 2026.
- TSLZ, what the fund returned: −1.0%, as of Sep 11, 2026.
- TSLZ, the fund itself added: +0.7 pts, as of Sep 11, 2026.
- TSLZ, net assets: $32m (source, as filed for Jun 30, 2026).
- TSLZ, expense ratio: 1.05% (485BPOS XBRL, Oct 28, 2025).

## TSLZ over each window to Sep 11, 2026

| Window | Fund | TSLA | -2x the move | Difference | TSLA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −24.6% | +11.6% | −23.2% | −1.4 pts | 50% |
| 3 months | −1.0% | −10.1% | +20.2% | −21.2 pts | 56% |
| 6 months | −20.6% | −6.6% | +13.2% | −33.8 pts | 51% |
| 1 year | −46.6% | −0.9% | +1.8% | −48.4 pts | 47% |
| Since launch | −98.1% | +66.0% | −132.1% | +34.0 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 | +0.1 times, against -2 stated | ETFIQ |
| Underlying | TSLA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $32m | 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 TSLZ return -2 times TSLA?

Over the window to Sep 11, 2026, TSLA moved −10.1% and TSLZ returned −1.0%. 2 times that move is +20.2%, so the fund came out 21.2 points short of it.

### Why does TSLZ not return -2 times over a year?

Because it resets daily. TSLZ 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?

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

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