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TSLT

GradeCChicago Board Options Exchange

T-REX 2X Long Tesla Daily Target ETF

Leveraged · Single-Stock Leveraged · Rexshares · Inception 2023-10-19 · SEC filings

This 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.

$14.54+0.10 (+0.66%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Oct 19, 2023.
Intraday session: up, 59 prints from 14.45 to 14.54. Range 14.38 to 15.03. Use the arrow keys to read each point.$14.40$14.80$15.0010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$161M
1Y return
−47.6%
Yield · Last 12 months
—
Holdings
11
Volume · 30D
2.7M sh
NAV per share
$14.19
52W range
low $9.36high $33.03

The ETF.net TSLT Grade

C

53/ 100

Rank 6 of 10 in 2x Long Tesla (TSLA)⁠

Confidence Medium

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.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 31
    Category rank8/10 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 94
    Category rank3/6 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 35
    Category rank9/9 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 49
    Category rank5/10 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 61
    Category rank4/10 · top 40%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 9:04 AM
Asset class
Stocks
Holdings
11
Top-10 weight
250%
Largest holding
CASH AND CASH EQUIVALENTS98.5%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASH AND CASH EQUIVALENTS98.51%159,178,923$159M120
002—RECV TSLT TRS TSLA EQ81.79%360,910$132M1
003—RECV TSLT TRS TSLA.OQ EQ68.11%300,528$110M1
004—RECV TSLT TRS TSLA US EQ1.38%-56,901,575$2M1

Showing 1–4 of 4 holdings

TSLT Performance

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

TSLT$5,241
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TSLT $5,241. SPY $11,723. Use the arrow keys to read each point.$2,745$7,587$12,430Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−45.9%
1 month+5.9%
3 months−22.7%
1 year−47.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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−45.9%
2025−29.5%
2024+54.2%
2023+20.1%

Since listing, Oct 19, 2023

TSLT in the news

ETF.net Research hasn’t filed on TSLT yet — coverage lands here as it’s written.

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.
107.5%
Annualised · 34 months to Aug 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.
0.40
vs 3-month T-bills · 34 months to Aug 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.
3.66
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.