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

T-REX · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: TSLZ returned +17.6% where its own daily promise gave +17.3%, 0.3 points over.

## Key facts

- TSLZ, what TSLA did: −16.6%, as of Sep 30, 2026.
- TSLZ, what −2 times a day gives: +17.3%, as of Sep 30, 2026.
- TSLZ, what the fund returned: +17.6%, as of Sep 30, 2026.
- TSLZ, the fund itself added: +0.3 pts, as of Sep 30, 2026.
- TSLZ, net assets: $30m (issuer page, as of Sep 29, 2026).
- TSLZ, expense ratio: 1.05% (485BPOS XBRL, Oct 28, 2025).

## TSLZ over each window to Sep 30, 2026

| Window | Fund | TSLA | -2x the move | Difference | TSLA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.6% | −3.6% | +7.1% | −3.6 pts | 40% |
| 3 months | +17.6% | −16.6% | +33.1% | −15.5 pts | 52% |
| 6 months | −18.7% | −6.9% | +13.9% | −32.6 pts | 50% |
| 1 year | −14.2% | −20.2% | +40.4% | −54.6 pts | 46% |
| Since launch | −98.0% | +61.2% | −122.4% | +24.4 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 | -1.06 times, against -2 stated | ETFIQ |
| Underlying | TSLA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $30m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 1.05% | 485BPOS XBRL, Oct 28, 2025 |
| Launched | Oct 19, 2023 | ETFIQ |
| Underlying volatility over the window | 52% annualized | ETFIQ |

## Questions

### Did TSLZ return -2 times TSLA?

Over the window to Sep 30, 2026, TSLA moved −16.6% and TSLZ returned +17.6%. −2 times that move is +33.1%, so the fund came out 15.5 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 figure itself.


## Cite this page

ETFIQ, TSLZ, data as of Sep 30, 2026. https://etfiq.com/funds/tslz
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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