TSLA.TO vs. TSLP
TSLA.TO (Tesla CDR (CAD Hedged)) is a stock, while TSLP (Kurv Yield Premium Strategy Tesla ETF) is Derivative Income fund actively managed by Kurv. Over the past year, TSLA.TO returned 22.58% vs 19.86% for TSLP. Their correlation of 0.95 suggests significant overlap in exposure.
Performance
TSLA.TO vs. TSLP - Performance Comparison
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Different Trading Currencies
TSLA.TO is traded in CAD, while TSLP is traded in USD. To make them comparable, the TSLP 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 -7.92% return, which is significantly higher than TSLP's -8.71% return.
TSLA.TO
- 1D
- -1.08%
- 1M
- 7.09%
- YTD
- -7.92%
- 6M
- -8.96%
- 1Y
- 22.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLP
- 1D
- -1.25%
- 1M
- 9.31%
- YTD
- -8.71%
- 6M
- -10.67%
- 1Y
- 19.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLA.TO vs. TSLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLA.TO Tesla CDR (CAD Hedged) | -7.92% | 15.66% |
TSLP Kurv Yield Premium Strategy Tesla ETF | -8.71% | 8.44% |
Correlation
The correlation between TSLA.TO and TSLP is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.95 |
The correlation between TSLA.TO and TSLP has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
TSLA.TO vs. TSLP — Risk / Return Rank
TSLA.TO
TSLP
TSLA.TO vs. TSLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla CDR (CAD Hedged) (TSLA.TO) and Kurv Yield Premium Strategy Tesla ETF (TSLP). 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.TO | TSLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.63 | +0.11 |
| Martin ratioReturn relative to average drawdown | 1.75 | 1.51 | +0.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLA.TO | TSLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.47 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.45 | -0.37 |
Drawdowns
TSLA.TO vs. TSLP - Drawdown Comparison
The maximum TSLA.TO drawdown since its inception was -41.69%, smaller than the maximum TSLP drawdown of -45.53%. Use the drawdown chart below to compare losses from any high point for TSLA.TO and TSLP.
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Drawdown Indicators
| TSLA.TO | TSLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -45.53% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -30.36% | -31.51% | +1.15% |
Current DrawdownCurrent decline from peak | -15.40% | -15.81% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -15.56% | -15.59% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.03% | 13.23% | -0.20% |
Volatility
TSLA.TO vs. TSLP - Volatility Comparison
Tesla CDR (CAD Hedged) (TSLA.TO) and Kurv Yield Premium Strategy Tesla ETF (TSLP) have volatilities of 12.55% and 12.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLA.TO | TSLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.55% | 12.69% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 27.19% | 28.15% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.89% | 42.34% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.86% | 47.90% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.86% | 47.90% | +7.96% |
Dividends
TSLA.TO vs. TSLP - Dividend Comparison
TSLA.TO has not paid dividends to shareholders, while TSLP's dividend yield for the trailing twelve months is around 28.10%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSLA.TO Tesla CDR (CAD Hedged) | 0.00% | 0.00% | 0.00% | 0.00% |
TSLP Kurv Yield Premium Strategy Tesla ETF | 28.10% | 31.05% | 21.82% | 4.39% |
Frequently Asked Questions
With a correlation of 0.93, TSLA.TO and TSLP 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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