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 -9.52% vs 2.84% for TSLA. Their 0.98 correlation means they have historically moved very closely together.
Performance
TSLP vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TSLP achieves a -35.14% return, which is significantly lower than TSLA's -30.80% return.
TSLP
- 1D
- 1.35%
- 1M
- -22.44%
- 6M
- -32.28%
- YTD
- -35.14%
- 1Y
- -9.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.59%
TSLA
- 1D
- 0.76%
- 1M
- -20.90%
- 6M
- -27.69%
- YTD
- -30.80%
- 1Y
- 2.84%
- 3Y*
- 6.03%
- 5Y*
- 6.32%
- 10Y*
- 35.29%
- ALL TIME*
- 40.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
TSLA Tesla, Inc. | $15.40B | $15.32B | $18.68B |
| $224.09K | $285.38K | $296.75K |
TSLP vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLP Kurv Yield Premium Strategy Tesla ETF | -35.14% | 9.77% | 41.53% | 18.37% |
TSLA Tesla, Inc. | -30.80% | 11.36% | 62.52% | 20.76% |
Correlation
The correlation between TSLP and TSLA is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 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 | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.04 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.02 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.62 | 0.06 | -0.68 |
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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 | -42.53% | -39.10% | -3.43% |
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 | -40.08% | -36.47% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -16.26% | -22.72% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.49% | 15.31% | +1.18% |
Volatility
TSLP vs. TSLA - Volatility Comparison
Kurv Yield Premium Strategy Tesla ETF (TSLP) has a higher volatility of 22.59% compared to Tesla, Inc. (TSLA) at 20.43%. 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 | 22.59% | 20.43% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 37.82% | 34.55% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.45% | 46.36% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.03% | 59.65% | -9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.03% | 59.43% | -9.40% |
Dividends
TSLP vs. TSLA - Dividend Comparison
TSLP's dividend yield for the trailing twelve months is around 38.75%, 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 | 38.75% | 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 (22.59%) compared to TSLA (20.43%). In terms of maximum drawdown, TSLP dropped -46.00% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.02 vs -0.23), 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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