^VIX vs. TSLA
^VIX (CBOE Volatility Index) is an index, while TSLA (Tesla, Inc.) is a stock. Over the past 10 years, ^VIX returned -2.75%/yr vs 40.34%/yr for TSLA. At a correlation of -0.38, they often move in opposite directions.
Performance
^VIX vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, ^VIX achieves a 30.37% return, which is significantly higher than TSLA's -15.14% return. Over the past 10 years, ^VIX has underperformed TSLA with an annualized return of -2.75%, while TSLA has yielded a comparatively higher 40.34% annualized return.
^VIX
- 1D
- 12.79%
- 1M
- 16.71%
- YTD
- 30.37%
- 6M
- 39.21%
- 1Y
- -1.71%
- 3Y*
- 13.19%
- 5Y*
- 4.06%
- 10Y*
- -2.75%
TSLA
- 1D
- -5.79%
- 1M
- -10.42%
- YTD
- -15.14%
- 6M
- -21.41%
- 1Y
- 9.44%
- 3Y*
- 14.14%
- 5Y*
- 10.99%
- 10Y*
- 40.34%
^VIX vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^VIX CBOE Volatility Index | 30.37% | -13.83% | 39.36% | -42.55% | 25.84% | -24.31% | 65.09% | -45.79% | 130.25% | -21.37% |
TSLA Tesla, Inc. | -15.14% | 11.36% | 62.52% | 101.72% | -65.03% | 49.76% | 743.44% | 25.70% | 6.89% | 45.70% |
Correlation
The correlation between ^VIX and TSLA is -0.48, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2010 | -0.38 |
The correlation between ^VIX and TSLA shifts across timeframes, from -0.48 (3 years) to -0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^VIX vs. TSLA — Risk / Return Rank
^VIX
TSLA
^VIX vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE Volatility Index (^VIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^VIX | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.07 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.32 | -0.35 |
| Martin ratioReturn relative to average drawdown | -0.06 | 0.72 | -0.77 |
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Drawdowns
^VIX vs. TSLA - Drawdown Comparison
The maximum ^VIX drawdown since its inception was -88.70%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for ^VIX and TSLA.
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Drawdown Indicators
| ^VIX | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.70% | -73.63% | -15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -50.66% | -29.93% | -20.73% |
Max Drawdown (3Y)Largest decline over 3 years | -74.26% | -53.77% | -20.49% |
Max Drawdown (5Y)Largest decline over 5 years | -74.26% | -73.63% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -85.66% | -73.63% | -12.03% |
Current DrawdownCurrent decline from peak | -76.43% | -22.10% | -54.33% |
Average DrawdownAverage peak-to-trough decline | -64.07% | -22.71% | -41.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.70% | 13.37% | +17.33% |
Volatility
^VIX vs. TSLA - Volatility Comparison
CBOE Volatility Index (^VIX) has a higher volatility of 49.16% compared to Tesla, Inc. (TSLA) at 14.29%. This indicates that ^VIX's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^VIX | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 49.16% | 14.29% | +34.87% |
Volatility (6M)Calculated over the trailing 6-month period | 91.13% | 28.36% | +62.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 124.01% | 44.68% | +79.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.78% | 59.03% | +68.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.67% | 59.11% | +77.56% |
Frequently Asked Questions
^VIX and TSLA have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VIX has higher volatility (49.16%) compared to TSLA (14.29%). In terms of maximum drawdown, ^VIX dropped -88.70% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.22 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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