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 9.69% vs 4.78% for TSLP. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
TSLA.TO vs. TSLP - Performance Comparison
Loading charts...
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 -18.65% return, which is significantly higher than TSLP's -20.10% 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%
TSLP
- 1D
- -3.35%
- 1M
- -9.31%
- 6M
- -19.11%
- YTD
- -20.10%
- 1Y
- 4.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.77%
TSLA.TO vs. TSLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLA.TO Tesla CDR (CAD Hedged) | -18.65% | 7.74% | 60.09% | 20.17% |
TSLP Kurv Yield Premium Strategy Tesla ETF | -20.10% | 4.75% | 53.51% | 13.36% |
Correlation
The correlation between TSLA.TO and TSLP is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.94 |
The correlation between TSLA.TO and TSLP has been stable across timeframes, ranging from 0.94 to 0.95 - 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.
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.
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 | TSLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.15 | +0.17 |
| Martin ratioReturn relative to average drawdown | 0.67 | 0.32 | +0.35 |
Loading charts...
Drawdowns
TSLA.TO vs. TSLP - Drawdown Comparison
The maximum TSLA.TO drawdown since its inception was -64.94%, which is greater than TSLP's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for TSLA.TO and TSLP.
Loading charts...
Drawdown Indicators
| TSLA.TO | TSLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.94% | -45.50% | -19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -30.36% | -31.75% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -54.24% | — | — |
Current DrawdownCurrent decline from peak | -26.17% | -26.70% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -26.62% | -15.67% | -10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.39% | 14.78% | -0.39% |
Volatility
TSLA.TO vs. TSLP - Volatility Comparison
The current volatility for Tesla CDR (CAD Hedged) (TSLA.TO) is 15.55%, while Kurv Yield Premium Strategy Tesla ETF (TSLP) has a volatility of 18.22%. This indicates that TSLA.TO experiences smaller price fluctuations and is considered to be less risky than TSLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSLA.TO | TSLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 18.22% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 30.36% | 34.06% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.62% | 43.08% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.67% | 49.33% | +57.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.67% | 49.33% | +57.34% |
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 32.20%.
| 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 | 32.20% | 31.05% | 21.82% | 4.39% |
Frequently Asked Questions
With a correlation of 0.95, 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.
Find the right allocation for TSLA.TO and TSLP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer