JOBY vs. TSLA
JOBY (Joby Aviation, Inc.) and TSLA (Tesla, Inc.) are both stocks. JOBY operates in Airports & Air Services (Industrials), while TSLA operates in Auto Manufacturers (Consumer Cyclical). Over the past 3 years, JOBY returned 14.75%/yr vs 14.14%/yr for TSLA. At a 0.40 correlation, their price movements are largely independent.
Performance
JOBY vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, JOBY achieves a -27.65% return, which is significantly lower than TSLA's -15.14% return.
JOBY
- 1D
- -3.14%
- 1M
- -12.55%
- YTD
- -27.65%
- 6M
- -33.03%
- 1Y
- 12.22%
- 3Y*
- 14.75%
- 5Y*
- —
- 10Y*
- —
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%
JOBY vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JOBY Joby Aviation, Inc. | -27.65% | 62.36% | 22.26% | 98.51% | -54.11% | -31.26% |
TSLA Tesla, Inc. | -15.14% | 11.36% | 62.52% | 101.72% | -65.03% | 48.84% |
Correlation
The correlation between JOBY and TSLA is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.40 |
Fundamentals
JOBY:
$9.01B
TSLA:
$1.35T
JOBY:
-$1.10
TSLA:
$1.10
JOBY:
106.96
TSLA:
13.76
JOBY:
4.60
TSLA:
16.05
JOBY:
$77.67M
TSLA:
$97.88B
JOBY:
$8.72M
TSLA:
$18.66B
JOBY:
-$1.05B
TSLA:
$10.48B
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Return for Risk
JOBY vs. TSLA — Risk / Return Rank
JOBY
TSLA
JOBY vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Joby Aviation, Inc. (JOBY) 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.
| JOBY | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.07 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.32 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.32 | 0.72 | -0.39 |
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Drawdowns
JOBY vs. TSLA - Drawdown Comparison
The maximum JOBY drawdown since its inception was -76.27%, roughly equal to the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for JOBY and TSLA.
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Drawdown Indicators
| JOBY | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.27% | -73.63% | -2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -61.06% | -29.93% | -31.13% |
Max Drawdown (3Y)Largest decline over 3 years | -61.06% | -53.77% | -7.29% |
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 | -53.16% | -22.10% | -31.06% |
Average DrawdownAverage peak-to-trough decline | -50.38% | -22.71% | -27.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.71% | 13.37% | +24.34% |
Volatility
JOBY vs. TSLA - Volatility Comparison
Joby Aviation, Inc. (JOBY) has a higher volatility of 23.81% compared to Tesla, Inc. (TSLA) at 14.29%. This indicates that JOBY'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
| JOBY | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.81% | 14.29% | +9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 51.03% | 28.36% | +22.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.31% | 44.68% | +33.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.65% | 59.03% | +21.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.65% | 59.11% | +21.54% |
Dividends
JOBY vs. TSLA - Dividend Comparison
Neither JOBY nor TSLA has paid dividends to shareholders.
Financials
JOBY vs. TSLA - Financials Comparison
This section allows you to compare key financial metrics between Joby Aviation, Inc. and Tesla, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
JOBY and TSLA have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JOBY has higher volatility (23.81%) compared to TSLA (14.29%). In terms of maximum drawdown, JOBY dropped -76.27% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.22 vs 0.16), 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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