T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) — Stock Correlations & Overview
Over the past year, TSLZ has moved most closely with TSLS, TSDD, TSLQ. Explore the stocks most correlated and inversely correlated with TSLZ below, along with its price, financials, and company profile.
Stocks correlated with TSLZ
Correlation of daily returns. Higher positive values move with TSLZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with TSLZ
| Symbol | Company | Correlation |
|---|---|---|
| TSLS | Direxion Shares ETF Trust Direxion Daily TSLA Bear 1X ETF | 1.00 |
| TSDD | GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF | 0.99 |
| TSLQ | Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF | 0.99 |
| CRSH | YieldMax Short TSLA Option Income Strategy ETF | 0.95 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | 0.71 |
Most inversely correlated with TSLZ
| Symbol | Company | Correlation |
|---|---|---|
| TSLA | Tesla, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.99 |
| TSL | GraniteShares 1.25x Long TSLA Daily ETF | -0.99 |
| TSLR | GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF | -0.99 |
| TSLL | Direxion Shares ETF Trust Direxion Daily TSLA Bull 2X ETF | -0.99 |
| TSLT | T-REX 2X Long Tesla Daily Target ETF | -0.99 |
Frequently asked questions about TSLZ correlations
- Which stocks are most correlated with TSLZ?
- Based on one year of daily returns, the stocks most correlated with T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) are TSLS (1.00), TSDD (0.99) and TSLQ (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TSLZ?
- Over the past year, the stocks most inversely correlated with T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) are TSLA (-0.99), TSL (-0.99) and TSLR (-0.99). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TSLZ correlations calculated?
- We compute the correlation of daily returns between TSLZ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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