TECB vs. TSLA
TECB (iShares U.S. Tech Breakthrough Multisector ETF) is Technology Equities fund tracking the NYSE FactSet U.S. Tech Breakthrough Index, while TSLA (Tesla, Inc.) is a stock. Over the past 5 years, TECB returned 12.38%/yr vs 10.99%/yr for TSLA. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
TECB vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TECB achieves a 14.50% return, which is significantly higher than TSLA's -15.14% return.
TECB
- 1D
- -1.74%
- 1M
- -1.20%
- YTD
- 14.50%
- 6M
- 13.00%
- 1Y
- 26.24%
- 3Y*
- 23.75%
- 5Y*
- 12.38%
- 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%
TECB vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 14.50% | 14.86% | 24.38% | 57.53% | -34.39% | 19.60% | 39.90% |
TSLA Tesla, Inc. | -15.14% | 11.36% | 62.52% | 101.72% | -65.03% | 49.76% | 633.03% |
Correlation
The correlation between TECB and TSLA is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2020 | 0.56 |
The correlation between TECB and TSLA has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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Return for Risk
TECB vs. TSLA — Risk / Return Rank
TECB
TSLA
TECB vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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.
| TECB | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 0.32 | +1.31 |
| Martin ratioReturn relative to average drawdown | 4.64 | 0.72 | +3.92 |
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Drawdowns
TECB vs. TSLA - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TECB and TSLA.
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Drawdown Indicators
| TECB | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -73.63% | +32.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -29.93% | +13.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.91% | -53.77% | +29.86% |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | -73.63% | +32.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.63% | — |
Current DrawdownCurrent decline from peak | -6.03% | -22.10% | +16.07% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -22.71% | +12.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.67% | 13.37% | -7.70% |
Volatility
TECB vs. TSLA - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 8.36%, while Tesla, Inc. (TSLA) has a volatility of 14.29%. This indicates that TECB 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.
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Volatility by Period
| TECB | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 14.29% | -5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 28.36% | -13.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 44.68% | -26.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.70% | 59.03% | -35.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 59.11% | -33.68% |
Dividends
TECB vs. TSLA - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.31%, while TSLA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.33% | 0.35% | 0.23% | 0.61% | 0.35% | 0.77% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECB and TSLA have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLA has higher volatility (14.29%) compared to TECB (8.36%). In terms of maximum drawdown, TECB dropped -41.62% vs TSLA's -73.63%.
TECB currently has the higher Sharpe Ratio (1.44 vs 0.22), 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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