TSLP vs. TSLA
TSLP (Kurv Yield Premium Strategy Tesla ETF) is Derivative Income fund actively managed by Kurv, while TSLA (Tesla, Inc.) is a stock. Over the past year, TSLP returned 14.07% vs 24.31% for TSLA. With a 0.98 correlation, they move nearly in lockstep.
Performance
TSLP vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLP achieves a -14.43% return, which is significantly lower than TSLA's -10.95% return.
TSLP
- 1D
- 1.61%
- 1M
- -4.62%
- YTD
- -14.43%
- 6M
- -19.59%
- 1Y
- 14.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLA
- 1D
- 1.04%
- 1M
- -5.99%
- YTD
- -10.95%
- 6M
- -16.77%
- 1Y
- 24.31%
- 3Y*
- 15.41%
- 5Y*
- 14.03%
- 10Y*
- 39.21%
TSLP vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLP Kurv Yield Premium Strategy Tesla ETF | -14.43% | 9.77% | 41.53% | 18.37% |
TSLA Tesla, Inc. | -10.95% | 11.36% | 62.52% | 20.76% |
Correlation
The correlation between TSLP and TSLA is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.98 |
The correlation between TSLP and TSLA has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
TSLP vs. TSLA — Risk / Return Rank
TSLP
TSLA
TSLP vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla ETF (TSLP) and Tesla, Inc. (TSLA). 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.
| TSLP | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.82 | -0.37 |
| Martin ratioReturn relative to average drawdown | 1.04 | 1.84 | -0.80 |
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Drawdowns
TSLP vs. TSLA - Drawdown Comparison
The maximum TSLP drawdown since its inception was -46.00%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLP and TSLA.
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Drawdown Indicators
| TSLP | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -73.63% | +27.63% |
Max Drawdown (1Y)Largest decline over 1 year | -32.00% | -29.93% | -2.07% |
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 | -20.95% | -18.25% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -15.79% | -22.71% | +6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.75% | 13.25% | +0.50% |
Volatility
TSLP vs. TSLA - Volatility Comparison
Kurv Yield Premium Strategy Tesla ETF (TSLP) has a higher volatility of 14.89% compared to Tesla, Inc. (TSLA) at 13.43%. This indicates that TSLP's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLP | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 13.43% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 30.35% | 28.33% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.56% | 44.31% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.76% | 58.99% | -10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.76% | 59.15% | -10.39% |
Dividends
TSLP vs. TSLA - Dividend Comparison
TSLP's dividend yield for the trailing twelve months is around 29.57%, while TSLA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
TSLP Kurv Yield Premium Strategy Tesla ETF | 29.57% | 31.05% | 21.82% | 4.39% |
Frequently Asked Questions
With a correlation of 0.98, TSLP and TSLA 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.
TSLP has higher volatility (14.89%) compared to TSLA (13.43%). In terms of maximum drawdown, TSLP dropped -46.00% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.55 vs 0.35), 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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