TSLA.NEO vs. IYW
TSLA.NEO (Tesla Inc CDR) is a stock, while IYW (iShares U.S. Technology ETF) is Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Over the past 3 years, TSLA.NEO returned 9.81%/yr vs 32.58%/yr for IYW. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
TSLA.NEO vs. IYW - Performance Comparison
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Different Trading Currencies
TSLA.NEO is traded in CAD, while IYW is traded in USD. To make them comparable, the IYW values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSLA.NEO achieves a -18.88% return, which is significantly lower than IYW's 23.11% return.
TSLA.NEO
- 1D
- -3.01%
- 1M
- -7.13%
- 6M
- -15.34%
- YTD
- -18.88%
- 1Y
- 9.38%
- 3Y*
- 9.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.89%
IYW
- 1D
- 0.18%
- 1M
- -5.91%
- 6M
- 21.26%
- YTD
- 23.11%
- 1Y
- 37.21%
- 3Y*
- 32.58%
- 5Y*
- 21.54%
- 10Y*
- 25.54%
- ALL TIME*
- 15.14%
TSLA.NEO vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSLA.NEO Tesla Inc CDR | -18.88% | 7.74% | 60.09% | 96.92% | -65.77% | 47.32% |
IYW iShares U.S. Technology ETF | 23.11% | 19.66% | 41.28% | 61.50% | -30.70% | 12.40% |
Correlation
The correlation between TSLA.NEO and IYW is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.53 |
The correlation between TSLA.NEO and IYW has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.
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Return for Risk
TSLA.NEO vs. IYW — Risk / Return Rank
TSLA.NEO
IYW
TSLA.NEO vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla Inc CDR (TSLA.NEO) and iShares U.S. Technology ETF (IYW). 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.
| TSLA.NEO | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.27 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 2.07 | -1.76 |
| Martin ratioReturn relative to average drawdown | 0.65 | 5.99 | -5.34 |
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Drawdowns
TSLA.NEO vs. IYW - Drawdown Comparison
The maximum TSLA.NEO drawdown since its inception was -74.23%, which is greater than IYW's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for TSLA.NEO and IYW.
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Drawdown Indicators
| TSLA.NEO | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.23% | -42.37% | -31.86% |
Max Drawdown (1Y)Largest decline over 1 year | -30.46% | -18.04% | -12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -54.24% | -27.02% | -27.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.52% | — |
Current DrawdownCurrent decline from peak | -26.38% | -6.46% | -19.92% |
Average DrawdownAverage peak-to-trough decline | -35.01% | -8.84% | -26.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.47% | 6.23% | +8.24% |
Volatility
TSLA.NEO vs. IYW - Volatility Comparison
Tesla Inc CDR (TSLA.NEO) has a higher volatility of 15.81% compared to iShares U.S. Technology ETF (IYW) at 8.97%. This indicates that TSLA.NEO's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLA.NEO | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.81% | 8.97% | +6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 30.43% | 19.62% | +10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.68% | 23.26% | +20.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.43% | 27.02% | +31.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.43% | 26.19% | +32.24% |
Dividends
TSLA.NEO vs. IYW - Dividend Comparison
TSLA.NEO has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
TSLA.NEO Tesla Inc CDR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLA.NEO and IYW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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