SOL-USD vs. TSLA
Compare and contrast key facts about Solana (SOL-USD) and Tesla, Inc. (TSLA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOL-USD or TSLA.
Key characteristics
| SOL-USD | TSLA | |
|---|---|---|
| YTD Return | 32.63% | -27.56% |
| 1Y Return | 504.66% | 12.28% |
| 3Y Return (Ann) | 42.04% | -8.71% |
| Sharpe Ratio | 13.46 | 0.22 |
| Daily Std Dev | 75.60% | 51.22% |
| Max Drawdown | -96.27% | -73.63% |
| Current Drawdown | -48.01% | -56.10% |
Correlation
The correlation between SOL-USD and TSLA is 0.21, 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
SOL-USD vs. TSLA - Performance Comparison
In the year-to-date period, SOL-USD achieves a 32.63% return, which is significantly higher than TSLA's -27.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SOL-USD vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-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
SOL-USD vs. TSLA - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for SOL-USD and TSLA. For additional features, visit the drawdowns tool.
Volatility
SOL-USD vs. TSLA - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 27.35% compared to Tesla, Inc. (TSLA) at 23.92%. This indicates that SOL-USD'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.