GNXIX vs. TSLA

Last updated Jul 18, 2026

GNXIX (AlphaCentric Robotics and Automation Fund) is Global Equities fund managed by AlphaCentric Funds, while TSLA (Tesla, Inc.) is a stock. Over the past 5 years, GNXIX returned -0.95%/yr vs 12.14%/yr for TSLA. At a 0.42 correlation, their price movements are largely independent.

Performance

GNXIX vs. TSLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AlphaCentric Robotics and Automation Fund (GNXIX) and Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GNXIX achieves a -16.14% return, which is significantly lower than TSLA's -15.32% return.

GNXIX

• 1D: -3.32%
• 1M: -16.23%
• 6M: -29.97%
• YTD: -16.14%
• 1Y: -13.89%
• 3Y*: 6.72%
• 5Y*: -0.95%
• 10Y*: —

TSLA

• 1D: -2.61%
• 1M: -3.92%
• 6M: -12.95%
• YTD: -15.32%
• 1Y: 19.23%
• 3Y*: 9.09%
• 5Y*: 12.14%
• 10Y*: 38.17%

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

GNXIX vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GNXIX AlphaCentric Robotics and Automation Fund	-16.14%	22.71%	24.96%	7.21%	-32.53%	5.95%	40.26%	27.85%	-18.74%	20.66%
TSLA Tesla, Inc.	-15.32%	11.36%	62.52%	101.72%	-65.03%	49.76%	743.44%	25.70%	6.89%	-8.39%

Correlation

The correlation between GNXIX and TSLA is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 5, 2017	0.42

Return for Risk

GNXIX vs. TSLA — Risk / Return Rank

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

GNXIX

GNXIX Risk / Return Rank: 2
GNXIX Sharpe Ratio Rank: 2
GNXIX Sortino Ratio Rank: 2
GNXIX Omega Ratio Rank: 2
GNXIX Calmar Ratio Rank: 1
GNXIX Martin Ratio Rank: 1

TSLA

TSLA Risk / Return Rank: 58
TSLA Sharpe Ratio Rank: 60
TSLA Sortino Ratio Rank: 56
TSLA Omega Ratio Rank: 54
TSLA Calmar Ratio Rank: 60
TSLA Martin Ratio Rank: 60

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.

GNXIX vs. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Robotics and Automation Fund (GNXIX) 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.

	GNXIX	TSLA	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	0.43	-0.69
Sortino ratio: Return per unit of downside risk	-0.09	0.90	-0.99
Omega ratio: Gain probability vs. loss probability	0.99	1.10	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.33	0.65	-0.98
Martin ratio: Return relative to average drawdown	-0.71	1.39	-2.10

GNXIX vs. TSLA - Sharpe Ratio Comparison

The current GNXIX Sharpe Ratio is -0.25, which is lower than the TSLA Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of GNXIX and TSLA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GNXIX vs. TSLA - Drawdown Comparison

The maximum GNXIX drawdown since its inception was -46.17%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for GNXIX and TSLA.

Drawdown Indicators

	GNXIX	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-46.17%	-73.63%	+27.46%
Max Drawdown (1Y) Largest decline over 1 year	-30.99%	-29.93%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-30.99%	-53.77%	+22.78%
Max Drawdown (5Y) Largest decline over 5 years	-45.91%	-73.63%	+27.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-73.63%	—
Current Drawdown Current decline from peak	-30.99%	-22.26%	-8.73%
Average Drawdown Average peak-to-trough decline	-17.18%	-22.69%	+5.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.52%	13.84%	+0.68%

Volatility

GNXIX vs. TSLA - Volatility Comparison

The current volatility for AlphaCentric Robotics and Automation Fund (GNXIX) is 10.92%, while Tesla, Inc. (TSLA) has a volatility of 16.80%. This indicates that GNXIX 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

	GNXIX	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.92%	16.80%	-5.88%
Volatility (6M) Calculated over the trailing 6-month period	30.88%	31.17%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	40.74%	44.65%	-3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.21%	59.28%	-31.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	59.24%	-34.60%

Dividends

GNXIX vs. TSLA - Dividend Comparison

GNXIX's dividend yield for the trailing twelve months is around 1.42%, while TSLA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GNXIX AlphaCentric Robotics and Automation Fund	1.42%	1.19%	0.00%	0.00%	5.18%	4.23%	0.00%	0.00%	3.38%	1.85%
TSLA Tesla, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GNXIX and TSLA in my portfolio?

GNXIX and TSLA have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GNXIX or TSLA?

TSLA has higher volatility (16.80%) compared to GNXIX (10.92%). In terms of maximum drawdown, GNXIX dropped -46.17% vs TSLA's -73.63%.

Which has better risk-adjusted returns?

TSLA currently has the higher Sharpe Ratio (0.43 vs -0.25), 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.