TSLA vs. CONL
TSLA (Tesla, Inc.) is a stock, while CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, TSLA returned 15.41%/yr vs -8.64%/yr for CONL. At a 0.44 correlation, their price movements are largely independent.
Performance
TSLA vs. CONL - Performance Comparison
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Returns By Period
In the year-to-date period, TSLA achieves a -10.95% return, which is significantly higher than CONL's -63.14% return.
TSLA
- 1D
- 1.04%
- 1M
- -4.02%
- YTD
- -10.95%
- 6M
- -16.77%
- 1Y
- 24.36%
- 3Y*
- 15.41%
- 5Y*
- 14.03%
- 10Y*
- 39.21%
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
TSLA vs. CONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLA Tesla, Inc. | -10.95% | 11.36% | 62.52% | 101.72% | -57.59% |
CONL GraniteShares 2x Long COIN Daily ETF | -63.14% | -58.49% | 4.23% | 641.63% | -80.40% |
Correlation
The correlation between TSLA and CONL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.44 |
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Return for Risk
TSLA vs. CONL — Risk / Return Rank
TSLA
CONL
TSLA vs. CONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla, Inc. (TSLA) and GraniteShares 2x Long COIN Daily ETF (CONL). 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 | CONL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.89 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.91 | +1.73 |
| Martin ratioReturn relative to average drawdown | 1.84 | -1.23 | +3.07 |
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Drawdowns
TSLA vs. CONL - Drawdown Comparison
The maximum TSLA drawdown since its inception was -73.63%, smaller than the maximum CONL drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for TSLA and CONL.
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Drawdown Indicators
| TSLA | CONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.63% | -94.36% | +20.73% |
Max Drawdown (1Y)Largest decline over 1 year | -29.93% | -92.57% | +62.64% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | -94.36% | +40.59% |
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 | -18.25% | -93.66% | +75.41% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -56.37% | +33.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.25% | 68.46% | -55.21% |
Volatility
TSLA vs. CONL - Volatility Comparison
The current volatility for Tesla, Inc. (TSLA) is 13.43%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 36.22%. This indicates that TSLA experiences smaller price fluctuations and is considered to be less risky than CONL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLA | CONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.43% | 36.22% | -22.79% |
Volatility (6M)Calculated over the trailing 6-month period | 28.33% | 102.76% | -74.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.31% | 139.79% | -95.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.99% | 149.68% | -90.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.15% | 149.68% | -90.53% |
Dividends
TSLA vs. CONL - Dividend Comparison
Neither TSLA nor CONL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLA and CONL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONL has higher volatility (36.22%) compared to TSLA (13.43%). In terms of maximum drawdown, TSLA dropped -73.63% vs CONL's -94.36%.
TSLA currently has the higher Sharpe Ratio (0.55 vs -0.62), 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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