BULZ vs. TSLA
BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) is Leveraged Equities fund tracking the Solactive FANG Innovation, while TSLA (Tesla, Inc.) is a stock. Over the past 3 years, BULZ returned 102.20%/yr vs 25.57%/yr for TSLA. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
BULZ vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, BULZ achieves a 100.89% return, which is significantly higher than TSLA's -5.79% return.
BULZ
- 1D
- -3.69%
- 1M
- 48.46%
- YTD
- 100.89%
- 6M
- 88.97%
- 1Y
- 258.75%
- 3Y*
- 102.20%
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- -0.01%
- 1M
- 7.95%
- YTD
- -5.79%
- 6M
- -5.16%
- 1Y
- 23.07%
- 3Y*
- 25.57%
- 5Y*
- 16.24%
- 10Y*
- 40.05%
BULZ vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 100.89% | 60.09% | 54.09% | 394.22% | -92.26% | 12.62% |
TSLA Tesla, Inc. | -5.79% | 11.36% | 62.52% | 101.72% | -65.03% | 53.38% |
Correlation
The correlation between BULZ and TSLA is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021 | 0.65 |
The correlation between BULZ and TSLA has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
BULZ vs. TSLA — Risk / Return Rank
BULZ
TSLA
BULZ vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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.
| BULZ | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.12 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 0.77 | +4.03 |
| Martin ratioReturn relative to average drawdown | 12.88 | 1.81 | +11.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BULZ | TSLA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.51 | 0.50 | +3.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.73 | -0.54 |
Drawdowns
BULZ vs. TSLA - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for BULZ and TSLA.
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Drawdown Indicators
| BULZ | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -73.63% | -20.81% |
Max Drawdown (1Y)Largest decline over 1 year | -54.22% | -29.93% | -24.29% |
Max Drawdown (3Y)Largest decline over 3 years | -67.96% | -53.77% | -14.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -5.35% | -13.51% | +8.16% |
Average DrawdownAverage peak-to-trough decline | -58.42% | -22.73% | -35.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.19% | 12.84% | +7.35% |
Volatility
BULZ vs. TSLA - Volatility Comparison
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 22.49% compared to Tesla, Inc. (TSLA) at 12.12%. This indicates that BULZ'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
| BULZ | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.49% | 12.12% | +10.37% |
Volatility (6M)Calculated over the trailing 6-month period | 56.86% | 27.28% | +29.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.35% | 46.36% | +27.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.23% | 58.85% | +32.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.23% | 59.11% | +32.12% |
Dividends
BULZ vs. TSLA - Dividend Comparison
Neither BULZ nor TSLA has paid dividends to shareholders.
Frequently Asked Questions
BULZ and TSLA have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BULZ has higher volatility (22.49%) compared to TSLA (12.12%). In terms of maximum drawdown, BULZ dropped -94.44% vs TSLA's -73.63%.
BULZ currently has the higher Sharpe Ratio (3.51 vs 0.50), 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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