TLA vs. TSLA

Last updated Jun 6, 2026

TLA (GraniteShares Autocallable TSLA ETF) is Derivative Income fund actively managed by GraniteShares, while TSLA (Tesla, Inc.) is a stock. Their correlation of 0.87 suggests significant overlap in exposure.

Performance

TLA vs. TSLA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Autocallable TSLA ETF (TLA) and Tesla, Inc. (TSLA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLA

• 1D: -1.25%
• 1M: 0.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLA

• 1D: -6.56%
• 1M: -1.94%
• YTD: -13.06%
• 6M: -14.07%
• 1Y: 37.34%
• 3Y*: 20.89%
• 5Y*: 14.38%
• 10Y*: 38.11%

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

TLA vs. TSLA - Yearly Performance Comparison

	2026 (YTD)
TLA GraniteShares Autocallable TSLA ETF	3.78%
TSLA Tesla, Inc.	-7.34%

Correlation

The correlation between TLA and TSLA is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026	0.87

Return for Risk

TLA vs. TSLA — Risk / Return Rank

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

TSLA

TSLA Risk / Return Rank: 64
TSLA Sharpe Ratio Rank: 68
TSLA Sortino Ratio Rank: 63
TSLA Omega Ratio Rank: 60
TSLA Calmar Ratio Rank: 65
TSLA Martin Ratio Rank: 66

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.

TLA vs. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) 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.

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

Sharpe Ratios by Period

	TLA	TSLA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.84	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.72	+0.09

Drawdowns

TLA vs. TSLA - Drawdown Comparison

The maximum TLA drawdown since its inception was -5.44%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TLA and TSLA.

Drawdown Indicators

	TLA	TSLA	Difference
Max Drawdown Largest peak-to-trough decline	-5.44%	-73.63%	+68.19%
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	-1.79%	-20.18%	+18.39%
Average Drawdown Average peak-to-trough decline	-1.34%	-22.73%	+21.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.80%	—

Volatility

Volatility by Period

	TLA	TSLA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	46.71%	-32.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	58.87%	-44.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	59.13%	-44.71%

Dividends

TLA vs. TSLA - Dividend Comparison

TLA's dividend yield for the trailing twelve months is around 6.55%, while TSLA has not paid dividends to shareholders.

Position	TTM
TLA GraniteShares Autocallable TSLA ETF	6.55%
TSLA Tesla, Inc.	0.00%

Frequently Asked Questions

Can I hold both TLA and TSLA in my portfolio?

TLA and TSLA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.