^NDXE vs. TSLA

Last updated Apr 2, 2026

Compare and contrast key facts about NASDAQ 100 Equal Weighted Index (^NDXE) and Tesla, Inc. (TSLA).

Performance

^NDXE vs. TSLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ 100 Equal Weighted Index (^NDXE) and Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

^NDXE vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^NDXE NASDAQ 100 Equal Weighted Index	-3.03%	13.87%	6.26%	32.61%	-25.05%	17.50%	36.88%	35.17%	-5.62%	25.48%
TSLA Tesla, Inc.	-15.22%	11.36%	62.52%	101.72%	-65.03%	49.76%	743.44%	25.70%	6.89%	45.70%

Returns By Period

In the year-to-date period, ^NDXE achieves a -3.03% return, which is significantly higher than TSLA's -15.22% return. Over the past 10 years, ^NDXE has underperformed TSLA with an annualized return of 12.53%, while TSLA has yielded a comparatively higher 37.45% annualized return.

^NDXE

• 1D: 0.64%
• 1M: -4.30%
• YTD: -3.03%
• 6M: -2.88%
• 1Y: 13.30%
• 3Y*: 11.05%
• 5Y*: 5.62%
• 10Y*: 12.53%

TSLA

• 1D: 2.56%
• 1M: -5.47%
• YTD: -15.22%
• 6M: -17.02%
• 1Y: 42.02%
• 3Y*: 22.49%
• 5Y*: 11.57%
• 10Y*: 37.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^NDXE vs. TSLA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^NDXE

^NDXE Risk / Return Rank: 43
^NDXE Sharpe Ratio Rank: 38
^NDXE Sortino Ratio Rank: 42
^NDXE Omega Ratio Rank: 43
^NDXE Calmar Ratio Rank: 41
^NDXE Martin Ratio Rank: 49

TSLA

TSLA Risk / Return Rank: 68
TSLA Sharpe Ratio Rank: 67
TSLA Sortino Ratio Rank: 65
TSLA Omega Ratio Rank: 62
TSLA Calmar Ratio Rank: 73
TSLA Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^NDXE vs. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Equal Weighted Index (^NDXE) and Tesla, Inc. (TSLA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^NDXE	TSLA	Difference
Sharpe ratio Return per unit of total volatility	0.64	0.76	-0.12
Sortino ratio Return per unit of downside risk	1.07	1.41	-0.34
Omega ratio Gain probability vs. loss probability	1.15	1.17	-0.02
Calmar ratio Return relative to maximum drawdown	1.07	1.71	-0.64
Martin ratio Return relative to average drawdown	4.28	4.17	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^NDXE vs. TSLA - Sharpe Ratio Comparison

The current ^NDXE Sharpe Ratio is 0.64, which is comparable to the TSLA Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of ^NDXE and TSLA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^NDXE	TSLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	0.76	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.20	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.64	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.72	-0.25

Correlation

The correlation between ^NDXE and TSLA is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

^NDXE vs. TSLA - Drawdown Comparison

The maximum ^NDXE drawdown since its inception was -58.20%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for ^NDXE and TSLA.

Drawdown Indicators

	^NDXE	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-58.20%	-73.63%	+15.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.96%	-27.48%	+14.52%
Max Drawdown (5Y) Largest decline over 5 years	-32.54%	-73.63%	+41.09%
Max Drawdown (10Y) Largest decline over 10 years	-32.54%	-73.63%	+41.09%
Current Drawdown Current decline from peak	-6.62%	-22.17%	+15.55%
Average Drawdown Average peak-to-trough decline	-8.41%	-22.77%	+14.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	11.30%	-8.06%

Volatility

^NDXE vs. TSLA - Volatility Comparison

The current volatility for NASDAQ 100 Equal Weighted Index (^NDXE) is 5.79%, while Tesla, Inc. (TSLA) has a volatility of 11.32%. This indicates that ^NDXE experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^NDXE	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	11.32%	-5.53%
Volatility (6M) Calculated over the trailing 6-month period	11.33%	29.84%	-18.51%
Volatility (1Y) Calculated over the trailing 1-year period	20.86%	55.50%	-34.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.52%	59.08%	-38.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	59.02%	-38.17%