T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) Performance
TSLZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −8.5% since Dec 31, 2025
- 1 year
- −18.4% total return
- 3 years
- −74.5% a year
- Since first price
- −73.8% a year since 2023
TSLZ trailing returns vs SPY, QQQ, AGG
| Period | TSLZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.2% | +1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −34.1% | −34.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −27.8% | −27.8% | +7.8% | +8.4% | −1.5% |
| YTD | −8.5% | −8.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −18.4% | −19.1% | +14.4% | +15.9% | −1.1% |
| 3 years | −98.4%−74.5%/yr | −98.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 19, 2023 | −98.2%−73.8%/yr | −98.5% | — | — | — |
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: TSLZ vs SPY
From Oct 19, 2023: TSLZ grew to $177, SPY to $18,479.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TSLZ returns by calendar year
0 of 2 full years positive. Best 2025 (−76.0%), worst 2024 (−88.8%). 2026 is year to date.
TSLZ annual returns table
| Year | TSLZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −8.5% | −46.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −76.0% | −92.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −88.8% | −96.7% | +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.
TSLZ largest drawdowns
Now 99.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 22, 2024 | −99.1% | Dec 22, 2025 | not yet | 1.7 years | 2.5 years so far |
| Oct 30, 2023 | −46.7% | Dec 27, 2023 | Jan 25, 2024 | 58 days | 3 months |
| Feb 5, 2024 | −22.3% | Mar 1, 2024 | Mar 6, 2024 | 25 days | 30 days |
| Mar 14, 2024 | −19.8% | Mar 27, 2024 | Apr 16, 2024 | 13 days | 33 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TSLZ risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | −75.3% |
| Volatility (annualized) | 104.7% |
| Sharpe ratio | -0.80 |
| Sortino ratio | -1.08 |
| Best month | +75.5% |
| Worst month | −56.4% |
| Best 12 months | −14.2% |
| Worst 12 months | −94.8% |
| Positive months | 37% |
| 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.
TSLZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | −94.8% | −82.5% | −13.9% | 0% |
| 3-year (a year) | 1 | −75.3% | −75.3% | −75.3% | 0% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
TSLZ performance overview
T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) returned −18.4% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned −73.8% a year, turning $10,000 into about $177. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.1%, from Apr 22, 2024 to Dec 22, 2025; the fund has not yet regained that high. Volatility has been 104.7% a year.
Related: TSLZ chart, TSLZ dividends. See the TSLZ overview for the latest quote and fund facts.
TSLZ performance FAQ
What is the TSLZ return over the past year?
TSLZ returned −18.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 19.1%.
How much would $10,000 invested in TSLZ be worth?
$10,000 invested in TSLZ at its first recorded close on October 19, 2023 would be worth about $177 on October 23, 2026 with distributions reinvested.
What was the worst year for TSLZ?
The worst calendar year was 2024, with a total return of −88.8%. The best was 2025 at −76.0%.
What is the biggest drawdown of TSLZ?
The largest peak-to-trough decline was −99.1% between April 22, 2024 and December 22, 2025. It has not yet recovered to that high; it is 99.0% below its peak.
How volatile is TSLZ?
Over the past history TSLZ had an annualized volatility of 104.7% and a Sharpe ratio of -0.80 (excess return over 1–3 month T-bills per unit of risk).