TSLA.TO vs. TSLA
TSLA.TO (Tesla CDR (CAD Hedged)) and TSLA (Tesla, Inc.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 3 years, TSLA.TO returned 9.92%/yr vs 14.79%/yr for TSLA. With a 0.95 correlation, they move nearly in lockstep.
Performance
TSLA.TO vs. TSLA - Performance Comparison
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Different Trading Currencies
TSLA.TO is traded in CAD, while TSLA is traded in USD. To make them comparable, the TSLA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSLA.TO achieves a -18.65% return, which is significantly lower than TSLA's -15.88% return.
TSLA.TO
- 1D
- -2.98%
- 1M
- -6.73%
- 6M
- -15.01%
- YTD
- -18.65%
- 1Y
- 9.69%
- 3Y*
- 9.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 33.59%
TSLA
- 1D
- -3.08%
- 1M
- -8.25%
- 6M
- -14.73%
- YTD
- -15.88%
- 1Y
- 14.42%
- 3Y*
- 14.79%
- 5Y*
- 13.35%
- 10Y*
- 38.91%
- ALL TIME*
- 44.95%
TSLA.TO vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSLA.TO Tesla CDR (CAD Hedged) | -18.65% | 7.74% | 60.09% | 96.92% | 2.70% | 47.32% |
TSLA Tesla, Inc. | -15.88% | 6.28% | 76.29% | 96.92% | -62.82% | 50.86% |
Correlation
The correlation between TSLA.TO and TSLA is 0.96 - 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 (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.95 |
The correlation between TSLA.TO and TSLA has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
Fundamentals
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Return for Risk
TSLA.TO vs. TSLA — Risk / Return Rank
TSLA.TO
TSLA
TSLA.TO vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla CDR (CAD Hedged) (TSLA.TO) 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.
| TSLA.TO | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.09 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.49 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.67 | 1.05 | -0.38 |
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Drawdowns
TSLA.TO vs. TSLA - Drawdown Comparison
The maximum TSLA.TO drawdown since its inception was -64.94%, smaller than the maximum TSLA drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for TSLA.TO and TSLA.
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Drawdown Indicators
| TSLA.TO | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.94% | -71.12% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.36% | -29.56% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -54.24% | -53.76% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -71.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.12% | — |
Current DrawdownCurrent decline from peak | -26.17% | -24.15% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -26.62% | -21.75% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.39% | 13.75% | +0.64% |
Volatility
TSLA.TO vs. TSLA - Volatility Comparison
The current volatility for Tesla CDR (CAD Hedged) (TSLA.TO) is 15.55%, while Tesla, Inc. (TSLA) has a volatility of 16.95%. This indicates that TSLA.TO 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
| TSLA.TO | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 16.95% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 30.36% | 31.28% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.62% | 44.67% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.67% | 59.44% | +47.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.67% | 59.40% | +47.27% |
Dividends
TSLA.TO vs. TSLA - Dividend Comparison
Neither TSLA.TO nor TSLA has paid dividends to shareholders.
Financials
TSLA.TO vs. TSLA - Financials Comparison
This section allows you to compare key financial metrics between Tesla CDR (CAD Hedged) and Tesla, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
With a correlation of 0.96, TSLA.TO 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.
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