TSLA vs. BITU
TSLA (Tesla, Inc.) is a stock, while BITU (Proshares Ultra Bitcoin ETF) is Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Over the past year, TSLA returned 26.39% vs -71.62% for BITU. At a 0.39 correlation, their price movements are largely independent.
Performance
TSLA vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, TSLA achieves a -8.58% return, which is significantly higher than BITU's -51.92% return.
TSLA
- 1D
- 1.16%
- 1M
- -2.63%
- YTD
- -8.58%
- 6M
- -13.50%
- 1Y
- 26.39%
- 3Y*
- 16.42%
- 5Y*
- 15.32%
- 10Y*
- 39.85%
BITU
- 1D
- 9.21%
- 1M
- -31.11%
- YTD
- -51.92%
- 6M
- -50.40%
- 1Y
- -71.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLA vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLA Tesla, Inc. | -8.58% | 11.36% | 130.48% |
BITU Proshares Ultra Bitcoin ETF | -51.92% | -37.07% | 41.85% |
Correlation
The correlation between TSLA and BITU is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.39 |
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Return for Risk
TSLA vs. BITU — Risk / Return Rank
TSLA
BITU
TSLA vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla, Inc. (TSLA) and Proshares Ultra Bitcoin ETF (BITU). 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 | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.85 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.87 | +1.76 |
| Martin ratioReturn relative to average drawdown | 2.02 | -1.38 | +3.40 |
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Drawdowns
TSLA vs. BITU - Drawdown Comparison
The maximum TSLA drawdown since its inception was -73.63%, smaller than the maximum BITU drawdown of -82.21%. Use the drawdown chart below to compare losses from any high point for TSLA and BITU.
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Drawdown Indicators
| TSLA | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.63% | -82.21% | +8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -29.93% | -82.21% | +52.28% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.63% | — | — |
Current DrawdownCurrent decline from peak | -16.07% | -78.50% | +62.43% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -35.10% | +12.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.10% | 51.85% | -38.75% |
Volatility
TSLA vs. BITU - Volatility Comparison
The current volatility for Tesla, Inc. (TSLA) is 14.34%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 25.78%. This indicates that TSLA experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLA | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 25.78% | -11.44% |
Volatility (6M)Calculated over the trailing 6-month period | 28.74% | 70.18% | -41.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.49% | 88.32% | -43.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.98% | 97.56% | -38.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.16% | 97.56% | -38.40% |
Dividends
TSLA vs. BITU - Dividend Comparison
TSLA has not paid dividends to shareholders, while BITU's dividend yield for the trailing twelve months is around 81.62%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 81.62% | 50.23% | 0.12% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLA and BITU have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (25.78%) compared to TSLA (14.34%). In terms of maximum drawdown, TSLA dropped -73.63% vs BITU's -82.21%.
TSLA currently has the higher Sharpe Ratio (0.60 vs -0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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