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Launched · SEC filings

T-REX 2X Long Tesla Daily Target ETF

TSLTCboeCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$14.00−0.20 (−1.41%)

At close: Oct 13, 2026, 4:00 PM

C53/ 100

Rank 7 of 10 in 2x Long Tesla (TSLA)

C53/100Rank 7 of 10in2x Long Tesla (TSLA)
Intraday session: down, 79 prints from 14.20 to 14.00. Range 13.76 to 14.11. Use the arrow keys to read each point.13.8013.9014.1010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$166M
1Y total return
−41.8%
Yield · Last 12 months
—
Holdings
4
Avg volume · 30D
2.5M sh
NAV per share
$14.57
52W range
low $9.36high $33.03
Launched
Filings
SEC EDGAR

The ETF.net TSLT Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
2x Long Tesla (TSLA)⁠
Rank
7 of 10
Six-pillar profile for TSLT. Scores out of 100: Cost 31, Risk 35, Mission 94, Tradability 49, Holdings not scored, Durability 61. Strongest: Mission (94). Weakest: Cost (31). Based on 5 of 6 pillars.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D31 out of 100
    Rank 7 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A94 out of 100
    Rank 2 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 9 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 5 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 4 of 10

Our read on TSLT

ETF.net Research

CA 2x daily Tesla trade in an ETF wrapper. TSLT aims to deliver about twice TSLA's move each day, then resets the clock. One of the original single-stock Tesla leverage funds, and a tight take on that job.

Stated mandate

The Fund seeks daily leveraged investment results equal to approximately 2X the daily performance of TSLA and is intended as a short-term trading vehicle.

Why people hold it

  1. 01The mandate is blunt: roughly 2x TSLA's daily move, no index, no stock basket, no manager discretion. The prospectus calls it a short-term trading vehicle.
  2. 02Hitting 2x every single day is engineering, not marketing, and TSLT lands among the tighter implementations in the 2x Tesla group.
  3. 03Actively traded, so getting in and out during market hours is rarely the hard part of the trade.
  4. 04Launched in 2023 as part of the first wave of single-stock leverage funds, and it runs inside a registered 1940 Act fund structure.

Worth knowing

  1. 01Daily reset means compounding math. Hold past one session and the return can drift well away from 2x TSLA's move over that stretch, especially in choppy tape.
  2. 02At 1.05% a year TSLT sits at the median for 2x Tesla funds, while Direxion's TSLL charges 0.95%.
  3. 03One company, doubled. Tesla headline risk (deliveries, Musk, one product launch) arrives at twice the size here, and there is no distribution stream to cushion it.

TSLT Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
4
Top-10 weight
252%
Largest holding
Cash and Cash Equivalents91.6%

Sectors

  • Consumer Discretionary100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash and Cash Equivalents91.56%157,483,362$157M124
002—Recv Tslt Trs Tsla Eq90.76%407,884$156M1
003—Recv Tslt Trs Tsla.oq Eq66.87%300,528$115M1
004—Recv Tslt Trs Tsla Us Eq2.53%-50,592,532$4M1

Showing 1–4 of 4 holdings

TSLT Performance

Launched Oct 19, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
TSLT$5,817
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. TSLT $5,817. SPY $12,044. Use the arrow keys to read each point.$3,137$8,343$13,549Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TSLT. Periods over one year show the average yearly return.
PeriodTSLT
Year to date−46.8%
1 month+5.0%
3 months−22.5%
1 year−41.8%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TSLT
YearReturn barTSLT
2026 YTD−46.8%
2025−29.5%
2024+54.2%
2023+20.1%

Since listing, Oct 19, 2023

TSLT in the news

Filtered to TSLT · 2x Long Tesla (TSLA) · Rexshares

TSLT Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

TSLT Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
106.2%
Annualised · 35 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.36
vs 3-month T-bills · 35 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−83.2%
35 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.68
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TSLT Cost

Expense ratio1.05%
  • The middle half of 2x Long Tesla (TSLA) funds
  • Median 0.99%

6 of the 10 2x Long Tesla (TSLA) funds charge less.

TSLT costs $105.00 a year on $10,000. The median 2x Long Tesla (TSLA) fund costs $99.00.

Other funds in 2x Long Tesla (TSLA)

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