PSNY vs. TSLA

Last updated Jun 3, 2026

PSNY (Polestar Automotive Holding UK PLC Class A ADS) and TSLA (Tesla, Inc.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 3 years, PSNY returned -41.83%/yr vs 25.58%/yr for TSLA. At a 0.26 correlation, their price movements are largely independent.

Performance

PSNY vs. TSLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polestar Automotive Holding UK PLC Class A ADS (PSNY) and Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSNY achieves a -9.08% return, which is significantly lower than TSLA's -5.78% return.

PSNY

• 1D: 1.57%
• 1M: 5.25%
• YTD: -9.08%
• 6M: 8.81%
• 1Y: -40.03%
• 3Y*: -41.83%
• 5Y*: —
• 10Y*: —

TSLA

• 1D: 1.89%
• 1M: 8.42%
• YTD: -5.78%
• 6M: -1.28%
• 1Y: 23.65%
• 3Y*: 25.58%
• 5Y*: 17.28%
• 10Y*: 40.05%

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

PSNY vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PSNY Polestar Automotive Holding UK PLC Class A ADS	-9.08%	-32.16%	-53.54%	-57.44%	-59.15%
TSLA Tesla, Inc.	-5.78%	11.36%	62.52%	101.72%	-49.87%

Correlation

The correlation between PSNY and TSLA is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jun 27, 2022	0.26

The correlation between PSNY and TSLA shifts across timeframes, from 0.12 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS PSNY : -$32.22 TSLA : $1.10
PS Ratio PSNY : 0.54 TSLA : 15.28
Total Revenue (TTM) PSNY : $2.55B TSLA : $97.88B
Gross Profit (TTM) PSNY : -$828.47M TSLA : $18.66B
EBITDA (TTM) PSNY : -$417.20M TSLA : $10.48B

Return for Risk

PSNY vs. TSLA — Risk / Return Rank

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

PSNY

PSNY Risk / Return Rank: 23
PSNY Sharpe Ratio Rank: 22
PSNY Sortino Ratio Rank: 26
PSNY Omega Ratio Rank: 26
PSNY Calmar Ratio Rank: 19
PSNY Martin Ratio Rank: 22

TSLA

TSLA Risk / Return Rank: 55
TSLA Sharpe Ratio Rank: 57
TSLA Sortino Ratio Rank: 53
TSLA Omega Ratio Rank: 51
TSLA Calmar Ratio Rank: 57
TSLA Martin Ratio Rank: 57

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.

PSNY vs. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polestar Automotive Holding UK PLC Class A ADS (PSNY) 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.

	PSNY	TSLA	Difference
Sharpe ratio Return per unit of total volatility	-0.44	0.51	-0.95
Sortino ratio Return per unit of downside risk	-0.15	0.98	-1.13
Omega ratio Gain probability vs. loss probability	0.98	1.12	-0.14
Calmar ratio Return relative to maximum drawdown	-0.58	0.75	-1.33
Martin ratio Return relative to average drawdown	-0.94	1.74	-2.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSNY vs. TSLA - Sharpe Ratio Comparison

The current PSNY Sharpe Ratio is -0.44, which is lower than the TSLA Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of PSNY 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.

Sharpe Ratios by Period

	PSNY	TSLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	0.51	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	0.73	-1.36

Drawdowns

PSNY vs. TSLA - Drawdown Comparison

The maximum PSNY drawdown since its inception was -96.92%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for PSNY and TSLA.

Drawdown Indicators

	PSNY	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-96.92%	-73.63%	-23.29%
Max Drawdown (1Y) Largest decline over 1 year	-70.78%	-29.93%	-40.85%
Max Drawdown (3Y) Largest decline over 3 years	-91.66%	-53.77%	-37.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-73.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.63%	—
Current Drawdown Current decline from peak	-95.02%	-13.50%	-81.52%
Average Drawdown Average peak-to-trough decline	-80.75%	-22.73%	-58.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.96%	12.81%	+31.15%

Volatility

PSNY vs. TSLA - Volatility Comparison

Polestar Automotive Holding UK PLC Class A ADS (PSNY) has a higher volatility of 24.33% compared to Tesla, Inc. (TSLA) at 12.11%. This indicates that PSNY'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.

Volatility by Period

	PSNY	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.33%	12.11%	+12.22%
Volatility (6M) Calculated over the trailing 6-month period	77.21%	27.28%	+49.93%
Volatility (1Y) Calculated over the trailing 1-year period	92.06%	46.37%	+45.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.99%	58.90%	+26.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.99%	59.12%	+25.87%

Dividends

PSNY vs. TSLA - Dividend Comparison

Neither PSNY nor TSLA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PSNY and TSLA in my portfolio?

PSNY and TSLA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSNY or TSLA?

PSNY has higher volatility (24.33%) compared to TSLA (12.11%). In terms of maximum drawdown, PSNY dropped -96.92% vs TSLA's -73.63%.

Which has better risk-adjusted returns?

TSLA currently has the higher Sharpe Ratio (0.51 vs -0.44), 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.