T-REX 2X Long Tesla Daily Target ETF (TSLT) Performance
TSLT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −48.9% since Dec 31, 2025
- 1 year
- −52.2% total return
- 3 years
- −10.2% a year
- Since first price
- −12.6% a year since 2023
TSLT trailing returns vs SPY, QQQ, AGG
| Period | TSLT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.2% | −6.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +26.0% | +26.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −18.6% | −18.6% | +7.8% | +8.4% | −1.5% |
| YTD | −48.9% | −48.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −52.2% | −52.2% | +14.4% | +15.9% | −1.1% |
| 3 years | −27.6%−10.2%/yr | −27.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 19, 2023 | −33.3%−12.6%/yr | −33.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TSLT vs SPY
From Oct 19, 2023: TSLT grew to $6,673, SPY to $18,479.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TSLT returns by calendar year
1 of 2 full years positive. Best 2024 (+54.2%), worst 2025 (−29.5%). 2026 is year to date.
TSLT annual returns table
| Year | TSLT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −48.9% | −64.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −29.5% | −77.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +54.2% | −71.0% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TSLT largest drawdowns
Now 75.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 17, 2024 | −83.2% | Apr 21, 2025 | not yet | 4 months | 1.8 years so far |
| Dec 27, 2023 | −74.0% | Apr 22, 2024 | Nov 11, 2024 | 4 months | 11 months |
| Nov 11, 2024 | −21.8% | Nov 14, 2024 | Dec 2, 2024 | 3 days | 21 days |
| Oct 19, 2023 | −20.3% | Oct 30, 2023 | Nov 13, 2023 | 11 days | 25 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TSLT risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | −9.4% |
| Volatility (annualized) | 106.2% |
| Sharpe ratio | 0.36 |
| Sortino ratio | 0.63 |
| Best month | +80.2% |
| Worst month | −49.7% |
| Best 12 months | +172.6% |
| Worst 12 months | −56.1% |
| Positive months | 51% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TSLT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | −56.1% | +20.9% | +172.6% | 64% |
| 3-year (a year) | 1 | −6.7% | −6.7% | −6.7% | 0% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
TSLT performance overview
T-REX 2X Long Tesla Daily Target ETF (TSLT) returned −52.2% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned −12.6% a year, turning $10,000 into about $6,673. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −83.2%, from Dec 17, 2024 to Apr 21, 2025; the fund has not yet regained that high. Volatility has been 106.2% a year.
Related: TSLT chart. See the TSLT overview for the latest quote and fund facts.
TSLT performance FAQ
What is the TSLT return over the past year?
TSLT returned −52.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 52.2%.
How much would $10,000 invested in TSLT be worth?
$10,000 invested in TSLT at its first recorded close on October 19, 2023 would be worth about $6,673 on October 23, 2026 with distributions reinvested.
What was the worst year for TSLT?
The worst calendar year was 2025, with a total return of −29.5%. The best was 2024 at +54.2%.
What is the biggest drawdown of TSLT?
The largest peak-to-trough decline was −83.2% between December 17, 2024 and April 21, 2025. It has not yet recovered to that high; it is 75.2% below its peak.
How volatile is TSLT?
Over the past history TSLT had an annualized volatility of 106.2% and a Sharpe ratio of 0.36 (excess return over 1–3 month T-bills per unit of risk).