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Launched · SEC filings

T-REX 2X Long Tesla Daily Target ETF

TSLTCboeRexsharesCThis 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.

$15.92+0.30 (+1.95%)

At close: Nov 2, 2026, 4:00 PM ET

C48/ 100

Rank 6 of 10 in 2x Long Tesla (TSLA)

C48/100Rank 6 of 10in2x Long Tesla (TSLA)
Intraday session: up, 79 prints from 15.62 to 15.92. Range 15.60 to 16.75. Use the arrow keys to read each point.15.7516.2516.5016.7510 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$178M
1Y total return
−46.5%
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
2.35M sh
52W range
low $9.36high $33.03
Launched
Filings
SEC EDGAR

The ETF.net TSLT Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
2x Long Tesla (TSLA)⁠
Rank
6 of 10
Six-pillar profile for TSLT. Scores out of 100: Cost 18, Risk 31, Mission 94, Tradability 48, Holdings not scored, Durability 61. Strongest: Mission (94). Weakest: Cost (18). Based on 5 of 6 pillars.

Score 48 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.
    F18 out of 100
    Rank 9 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A94 out of 100
    Rank 3 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 10 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 6 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

In short

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

  • The 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.
  • Hitting 2x every single day is engineering, not marketing, and TSLT lands among the tighter implementations in the 2x Tesla group.
  • Actively traded, so getting in and out during market hours is rarely the hard part of the trade.
  • Launched 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

  • Daily 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.
  • At 1.05% a year TSLT sits at the median for 2x Tesla funds, while Direxion's TSLL charges 0.95%.
  • One 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

Asset class
Stocks
Holdings
4
Top-10 weight
255%
Largest holding
Recv Tslt Trs Tsla Eq118.7%

Sectors

  • Consumer Discretionary100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataRecv Tslt Trs Tsla Eq118.72%549,138$221M1
2No dataCash and Cash Equivalents82.12%153,187,915$153M123
3No dataRecv Tslt Trs Tsla.oq Eq50.40%233,115$94M1
4No dataRecv Tslt Trs Tsla Us Eq3.32%-42,762,543$6.19M1

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.
TSLT$5,348
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TSLT $5,348. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−41.6%
1 month+23.8%
3 months+53.0%
1 year−46.5%
3 yearsper year−2.4%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−41.6%
2025−29.5%
2024+54.2%
2023+20.1%

Since listing, Oct 19, 2023

TSLT in the news

TSLT Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

TSLT Risk

Risk pillarD31 out of 100Rank 10 of 10 in 2x Long Tesla (TSLA)

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.
105.3%
Annualised · 36 months to Oct 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.
0.43
vs 3-month T-bills · to Oct 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%
36 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.

FMP measures it over up to five years of monthly returns.

TSLT Cost

Compare TSLT and TESC

Overpaying vs TESC, cheapest in 2x Long Tesla (TSLA)

$15,340

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TSLT 1.05%

    $19,495

  • TESC 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • TSLT 1.05%
  • TESC 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSLT $19,495TESC $4,155

Year by year

YearTSLTTESCOverpaying
10$1,847$365$1,482
20$6,927$1,421$5,506
30$19,495$4,155$15,340

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