SHIB-USD vs. TSLA
Compare and contrast key facts about Shiba Inu (SHIB-USD) and Tesla, Inc. (TSLA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHIB-USD or TSLA.
Correlation
The correlation between SHIB-USD and TSLA is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHIB-USD vs. TSLA - Performance Comparison
Key characteristics
SHIB-USD:
-0.01
TSLA:
1.12
SHIB-USD:
0.72
TSLA:
1.95
SHIB-USD:
1.07
TSLA:
1.23
SHIB-USD:
0.00
TSLA:
1.28
SHIB-USD:
-0.02
TSLA:
3.67
SHIB-USD:
37.56%
TSLA:
22.55%
SHIB-USD:
75.64%
TSLA:
74.12%
SHIB-USD:
-92.10%
TSLA:
-73.63%
SHIB-USD:
-83.67%
TSLA:
-45.92%
Returns By Period
The year-to-date returns for both investments are quite close, with SHIB-USD having a -35.93% return and TSLA slightly higher at -35.74%.
SHIB-USD
-35.93%
-2.25%
-24.85%
-47.21%
N/A
N/A
TSLA
-35.74%
-9.94%
-0.37%
60.06%
40.10%
32.69%
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Risk-Adjusted Performance
SHIB-USD vs. TSLA — Risk-Adjusted Performance Rank
SHIB-USD
TSLA
SHIB-USD vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shiba Inu (SHIB-USD) 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.
Drawdowns
SHIB-USD vs. TSLA - Drawdown Comparison
The maximum SHIB-USD drawdown since its inception was -92.10%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for SHIB-USD and TSLA. For additional features, visit the drawdowns tool.
Volatility
SHIB-USD vs. TSLA - Volatility Comparison
The current volatility for Shiba Inu (SHIB-USD) is 23.30%, while Tesla, Inc. (TSLA) has a volatility of 29.91%. This indicates that SHIB-USD 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.