TEST vs. TSLA

Last updated Jun 26, 2026

TEST (YieldMax TSLA Performance & Distribution Target 25 ETF) is Derivative Income fund actively managed by YieldMax, while TSLA (Tesla, Inc.) is a stock. With a 0.99 correlation, they move nearly in lockstep.

Performance

TEST vs. TSLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) and Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEST achieves a -10.90% return, which is significantly higher than TSLA's -16.59% return.

TEST

• 1D: -0.24%
• 1M: -9.29%
• YTD: -10.90%
• 6M: -16.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLA

• 1D: -0.11%
• 1M: -13.49%
• YTD: -16.59%
• 6M: -22.72%
• 1Y: 14.52%
• 3Y*: 15.88%
• 5Y*: 10.87%
• 10Y*: 39.71%

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

TEST vs. TSLA - Yearly Performance Comparison

	2026 (YTD)	2025
TEST YieldMax TSLA Performance & Distribution Target 25 ETF	-10.90%	8.46%
TSLA Tesla, Inc.	-16.59%	9.98%

Correlation

The correlation between TEST and TSLA is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.99

Return for Risk

TEST vs. TSLA — Risk / Return Rank

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

TEST

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSLA

TSLA Risk / Return Rank: 53
TSLA Sharpe Ratio Rank: 55
TSLA Sortino Ratio Rank: 51
TSLA Omega Ratio Rank: 49
TSLA Calmar Ratio Rank: 55
TSLA Martin Ratio Rank: 56

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.

TEST vs. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) 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.

	TEST	TSLA	Difference
Sharpe ratio: Return per unit of total volatility	—	0.33	—
Sortino ratio: Return per unit of downside risk	—	0.76	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.49	—
Martin ratio: Return relative to average drawdown	—	1.11	—

Drawdowns

TEST vs. TSLA - Drawdown Comparison

The maximum TEST drawdown since its inception was -23.35%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TEST and TSLA.

Drawdown Indicators

	TEST	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-23.35%	-73.63%	+50.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.77%	—
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	-16.74%	-23.43%	+6.69%
Average Drawdown Average peak-to-trough decline	-10.56%	-22.71%	+12.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.18%	—

Volatility

Volatility by Period

	TEST	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.30%	43.89%	-10.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.30%	59.01%	-25.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.30%	59.09%	-25.79%

Dividends

TEST vs. TSLA - Dividend Comparison

TEST's dividend yield for the trailing twelve months is around 16.58%, while TSLA has not paid dividends to shareholders.

Position	TTM	2025
TEST YieldMax TSLA Performance & Distribution Target 25 ETF	16.58%	2.50%
TSLA Tesla, Inc.	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEST and TSLA in my portfolio?

With a correlation of 0.99, TEST and TSLA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.