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TSLA vs. GBTC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TSLA vs. GBTC

Last updated Jun 13, 2026

TSLA (Tesla, Inc.) is a stock, while GBTC (Grayscale Bitcoin Trust ETF) is Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Over the past 10 years, TSLA returned 39.72%/yr vs 46.47%/yr for GBTC. At a 0.20 correlation, their price movements are largely independent.

Performance

TSLA vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tesla, Inc. (TSLA) and Grayscale Bitcoin Trust ETF (GBTC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TSLA achieves a -9.63% return, which is significantly higher than GBTC's -27.82% return. Over the past 10 years, TSLA has underperformed GBTC with an annualized return of 39.72%, while GBTC has yielded a comparatively higher 46.47% annualized return.

TSLA

1D
1.82%
1M
-8.32%
YTD
-9.63%
6M
-11.45%
1Y
24.94%
3Y*
16.25%
5Y*
14.86%
10Y*
39.72%

GBTC

1D
0.04%
1M
-22.02%
YTD
-27.82%
6M
-30.09%
1Y
-40.43%
3Y*
55.55%
5Y*
9.90%
10Y*
46.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLA vs. GBTC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TSLA
Tesla, Inc.		-9.63%11.36%62.52%101.72%-65.03%49.76%743.44%25.70%6.89%45.70%
GBTC
Grayscale Bitcoin Trust ETF		-27.82%-7.65%113.81%317.61%-75.80%7.03%290.72%106.56%-82.10%1,787.72%

Correlation

The correlation between TSLA and GBTC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since May 4, 2015

0.20

Over the past year, TSLA and GBTC have become more correlated (0.41) than their long-term average of 0.20, meaning their price movements have been converging.

Fundamentals

Total Revenue (TTM)

TSLA:

$97.88B

GBTC:

$0.00

Gross Profit (TTM)

TSLA:

$18.66B

GBTC:

$0.00

EBITDA (TTM)

TSLA:

$10.48B

GBTC:

$4.58B

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Tesla, Inc.

Grayscale Bitcoin Trust ETF

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Often compared with GBTC:
GBTC vs. IBITGBTC vs. BTC-USDGBTC vs. MSTRGBTC vs. BITOGBTC vs. FBTCGBTC vs. SPYGBTC vs. TQQQ

Return for Risk

TSLA vs. GBTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TSLA
TSLA Risk / Return Rank: 6161
Overall Rank
TSLA Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
TSLA Sortino Ratio Rank: 5959
Sortino Ratio Rank
TSLA Omega Ratio Rank: 5656
Omega Ratio Rank
TSLA Calmar Ratio Rank: 6262
Calmar Ratio Rank
TSLA Martin Ratio Rank: 6363
Martin Ratio Rank
GBTC
GBTC Risk / Return Rank: 22
Overall Rank
GBTC Sharpe Ratio Rank: 22
Sharpe Ratio Rank
GBTC Sortino Ratio Rank: 22
Sortino Ratio Rank
GBTC Omega Ratio Rank: 22
Omega Ratio Rank
GBTC Calmar Ratio Rank: 33
Calmar Ratio Rank
GBTC Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLA vs. GBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tesla, Inc. (TSLA) and Grayscale Bitcoin Trust ETF (GBTC). 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.

TSLAGBTCDifference
Sharpe ratioReturn per unit of total volatility
0.62
-0.94

+1.56

Sortino ratioReturn per unit of downside risk
1.13
-1.34

+2.47

Omega ratioGain probability vs. loss probability

1.13

0.85

+0.28

Calmar ratioReturn relative to maximum drawdown

0.92

-0.79

+1.71

Martin ratioReturn relative to average drawdown

2.10

-1.39

+3.49

TSLA vs. GBTC - Sharpe Ratio Comparison

The current TSLA Sharpe Ratio is 0.62, which is higher than the GBTC Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of TSLA and GBTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TSLA vs. GBTC - Drawdown Comparison

The maximum TSLA drawdown since its inception was -73.63%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for TSLA and GBTC.

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Drawdown Indicators

TSLAGBTCDifference

Max Drawdown

Largest peak-to-trough decline

-73.63%

-89.91%

+16.28%

Max Drawdown (1Y)

Largest decline over 1 year

-29.93%

-52.45%

+22.52%

Max Drawdown (3Y)

Largest decline over 3 years

-53.77%

-52.45%

-1.32%

Max Drawdown (5Y)

Largest decline over 5 years

-73.63%

-85.42%

+11.79%

Max Drawdown (10Y)

Largest decline over 10 years

-73.63%

-89.91%

+16.28%

Current Drawdown

Current decline from peak

-17.03%

-49.87%

+32.84%

Average Drawdown

Average peak-to-trough decline

-22.72%

-43.43%

+20.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.06%

29.85%

-16.79%

Volatility

TSLA vs. GBTC - Volatility Comparison

Tesla, Inc. (TSLA) has a higher volatility of 14.25% compared to Grayscale Bitcoin Trust ETF (GBTC) at 11.97%. This indicates that TSLA's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TSLAGBTCDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.25%

11.97%

+2.28%

Volatility (6M)

Calculated over the trailing 6-month period

28.73%

34.41%

-5.68%

Volatility (1Y)

Calculated over the trailing 1-year period

44.49%

44.01%

+0.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

58.98%

62.25%

-3.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

59.14%

81.84%

-22.70%

Dividends

TSLA vs. GBTC - Dividend Comparison

Neither TSLA nor GBTC has paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
GBTC
Grayscale Bitcoin Trust ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%5.61%
TSLA
Tesla, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TSLA and GBTC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TSLA has higher volatility (14.25%) compared to GBTC (11.97%). In terms of maximum drawdown, TSLA dropped -73.63% vs GBTC's -89.91%.

TSLA currently has the higher Sharpe Ratio (0.62 vs -0.94), 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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