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TSLA.NEO vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TSLA.NEO vs. SPY

Last updated Jun 5, 2026

TSLA.NEO (Tesla Inc CDR) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, TSLA.NEO returned 21.44%/yr vs 24.02%/yr for SPY. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

TSLA.NEO vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Tesla Inc CDR (TSLA.NEO) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TSLA.NEO is traded in CAD, while SPY is traded in USD. To make them comparable, the SPY 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 -7.89% return, which is significantly lower than SPY's 12.86% return.

TSLA.NEO

1D
-1.06%
1M
5.03%
YTD
-7.89%
6M
-9.07%
1Y
43.01%
3Y*
21.44%
5Y*
—
10Y*
—

SPY

1D
0.00%
1M
5.27%
YTD
12.86%
6M
11.81%
1Y
31.36%
3Y*
24.02%
5Y*
17.19%
10Y*
16.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLA.NEO vs. SPY - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TSLA.NEO
Tesla Inc CDR		-7.89%7.74%60.09%96.92%-65.77%48.48%
SPY
State Street SPDR S&P 500 ETF		10.16%12.32%35.62%23.40%-12.34%8.97%

Correlation

The correlation between TSLA.NEO and SPY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Aug 12, 2021

0.50

The correlation between TSLA.NEO and SPY has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Tesla Inc CDR

State Street SPDR S&P 500 ETF

Often compared with TSLA.NEO:
TSLA.NEO vs. NVDATSLA.NEO vs. TSLATSLA.NEO vs. YTSL.NEOTSLA.NEO vs. TSLA.TOTSLA.NEO vs. APPTSLA.NEO vs. IYWTSLA.NEO vs. CRSH
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

TSLA.NEO vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TSLA.NEO
TSLA.NEO Risk / Return Rank: 5757
Overall Rank
TSLA.NEO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
TSLA.NEO Sortino Ratio Rank: 5454
Sortino Ratio Rank
TSLA.NEO Omega Ratio Rank: 5353
Omega Ratio Rank
TSLA.NEO Calmar Ratio Rank: 5858
Calmar Ratio Rank
TSLA.NEO Martin Ratio Rank: 5959
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 6666
Overall Rank
SPY Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6363
Sortino Ratio Rank
SPY Omega Ratio Rank: 6666
Omega Ratio Rank
SPY Calmar Ratio Rank: 6060
Calmar Ratio Rank
SPY Martin Ratio Rank: 7373
Martin Ratio Rank
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.

TSLA.NEO vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tesla Inc CDR (TSLA.NEO) and State Street SPDR S&P 500 ETF (SPY). 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.

TSLA.NEOSPYDifference
Sharpe ratioReturn per unit of total volatility
0.51
2.71

-2.19

Sortino ratioReturn per unit of downside risk
0.98
3.61

-2.64

Omega ratioGain probability vs. loss probability

1.12

1.52

-0.40

Calmar ratioReturn relative to maximum drawdown

0.77

3.66

-2.89

Martin ratioReturn relative to average drawdown

1.75

13.91

-12.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLA.NEO vs. SPY - Sharpe Ratio Comparison

The current TSLA.NEO Sharpe Ratio is 0.51, which is lower than the SPY Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of TSLA.NEO and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TSLA.NEOSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.51

2.71

-2.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.14

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.02

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

1.14

-0.96

Drawdowns

TSLA.NEO vs. SPY - Drawdown Comparison

The maximum TSLA.NEO drawdown since its inception was -74.23%, which is greater than SPY's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for TSLA.NEO and SPY.

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Drawdown Indicators

TSLA.NEOSPYDifference

Max Drawdown

Largest peak-to-trough decline

-74.23%

-27.34%

-46.89%

Max Drawdown (1Y)

Largest decline over 1 year

-29.64%

-8.62%

-21.02%

Max Drawdown (3Y)

Largest decline over 3 years

-54.24%

-19.00%

-35.24%

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.08%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.34%

—

Current Drawdown

Current decline from peak

-16.40%

0.00%

-16.40%

Average Drawdown

Average peak-to-trough decline

-35.36%

-3.21%

-32.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.03%

2.26%

+10.77%

Volatility

TSLA.NEO vs. SPY - Volatility Comparison

Tesla Inc CDR (TSLA.NEO) has a higher volatility of 12.55% compared to State Street SPDR S&P 500 ETF (SPY) at 2.35%. This indicates that TSLA.NEO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TSLA.NEOSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.55%

2.35%

+10.20%

Volatility (6M)

Calculated over the trailing 6-month period

26.32%

8.81%

+17.51%

Volatility (1Y)

Calculated over the trailing 1-year period

44.37%

11.66%

+32.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

58.69%

15.14%

+43.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

58.69%

16.19%

+42.50%

Dividends

TSLA.NEO vs. SPY - Dividend Comparison

TSLA.NEO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.

PositionTTM20252024202320222021202020192018201720162015
SPY
State Street SPDR S&P 500 ETF		1.00%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%
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 SPY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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