VIXY vs. TSLA
VIXY (ProShares VIX Short-Term Futures ETF) is Volatility fund tracking the S&P 500 VIX Short-Term Futures Index, while TSLA (Tesla, Inc.) is a stock. Over the past 10 years, VIXY returned -46.69%/yr vs 35.29%/yr for TSLA. Their -0.40 correlation means they have often moved in opposite directions in the past.
Performance
VIXY vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, VIXY achieves a -20.01% return, which is significantly higher than TSLA's -30.80% return. Over the past 10 years, VIXY has underperformed TSLA with an annualized return of -46.69%, while TSLA has yielded a comparatively higher 35.29% annualized return.
VIXY
- 1D
- -2.66%
- 1M
- -3.39%
- 6M
- -23.21%
- YTD
- -20.01%
- 1Y
- -54.18%
- 3Y*
- -39.34%
- 5Y*
- -47.11%
- 10Y*
- -46.69%
- ALL TIME*
- -48.52%
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 |
| $61.09M | $56.74M | $72.28M |
VIXY vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -20.01% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | 10.54% | -67.81% | 66.78% | -72.78% |
TSLA Tesla, Inc. | -30.80% | 11.36% | 62.52% | 101.72% | -65.03% | 49.76% | 743.44% | 25.70% | 6.89% | 45.70% |
Correlation
The correlation between VIXY and TSLA is -0.51, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.51 |
Correlation (3Y) Balances recent behavior with more history. | -0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | -0.40 |
The correlation between VIXY and TSLA shifts across timeframes, from -0.51 (1 year) to -0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VIXY vs. TSLA — Risk / Return Rank
VIXY
TSLA
VIXY vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares VIX Short-Term Futures ETF (VIXY) 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.
| VIXY | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.04 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 0.02 | -0.94 |
| Martin ratioReturn relative to average drawdown | -1.40 | 0.06 | -1.46 |
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Drawdowns
VIXY vs. TSLA - Drawdown Comparison
The maximum VIXY drawdown since its inception was -100.00%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for VIXY and TSLA.
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Drawdown Indicators
| VIXY | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -73.63% | -26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -55.18% | -39.10% | -16.08% |
Max Drawdown (3Y)Largest decline over 3 years | -81.45% | -53.77% | -27.68% |
Max Drawdown (5Y)Largest decline over 5 years | -95.91% | -73.63% | -22.28% |
Max Drawdown (10Y)Largest decline over 10 years | -99.82% | -73.63% | -26.19% |
Current DrawdownCurrent decline from peak | -100.00% | -36.47% | -63.53% |
Average DrawdownAverage peak-to-trough decline | -92.24% | -22.72% | -69.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.13% | 15.31% | +20.82% |
Volatility
VIXY vs. TSLA - Volatility Comparison
The current volatility for ProShares VIX Short-Term Futures ETF (VIXY) is 14.60%, while Tesla, Inc. (TSLA) has a volatility of 20.43%. This indicates that VIXY experiences smaller price fluctuations and is considered to be less risky 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
| VIXY | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.60% | 20.43% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 43.36% | 34.55% | +8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.54% | 46.36% | +11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.97% | 59.65% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.89% | 59.43% | +12.46% |
Dividends
VIXY vs. TSLA - Dividend Comparison
Neither VIXY nor TSLA has paid dividends to shareholders.
Frequently Asked Questions
VIXY and TSLA have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLA has higher volatility (20.43%) compared to VIXY (14.60%). In terms of maximum drawdown, VIXY dropped -100.00% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.02 vs -0.88), 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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