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 -48.59%/yr vs 40.34%/yr for TSLA. At a correlation of -0.40, they often move in opposite directions.
Performance
VIXY vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, VIXY achieves a -10.37% return, which is significantly higher than TSLA's -15.14% return. Over the past 10 years, VIXY has underperformed TSLA with an annualized return of -48.59%, while TSLA has yielded a comparatively higher 40.34% annualized return.
VIXY
- 1D
- 5.17%
- 1M
- -9.63%
- YTD
- -10.37%
- 6M
- -12.36%
- 1Y
- -55.30%
- 3Y*
- -39.97%
- 5Y*
- -45.65%
- 10Y*
- -48.59%
TSLA
- 1D
- -5.79%
- 1M
- -10.42%
- YTD
- -15.14%
- 6M
- -21.41%
- 1Y
- 9.44%
- 3Y*
- 14.14%
- 5Y*
- 10.99%
- 10Y*
- 40.34%
VIXY vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -10.37% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | 10.54% | -67.81% | 66.78% | -72.78% |
TSLA Tesla, Inc. | -15.14% | 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 -0.45, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | -0.40 |
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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 | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.07 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -1.02 | 0.32 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.56 | 0.72 | -2.27 |
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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 | -54.55% | -29.93% | -24.62% |
Max Drawdown (3Y)Largest decline over 3 years | -79.94% | -53.77% | -26.17% |
Max Drawdown (5Y)Largest decline over 5 years | -96.20% | -73.63% | -22.57% |
Max Drawdown (10Y)Largest decline over 10 years | -99.88% | -73.63% | -26.25% |
Current DrawdownCurrent decline from peak | -100.00% | -22.10% | -77.90% |
Average DrawdownAverage peak-to-trough decline | -92.19% | -22.71% | -69.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.74% | 13.37% | +26.37% |
Volatility
VIXY vs. TSLA - Volatility Comparison
ProShares VIX Short-Term Futures ETF (VIXY) has a higher volatility of 17.03% compared to Tesla, Inc. (TSLA) at 14.29%. This indicates that VIXY'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
| VIXY | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.03% | 14.29% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 43.99% | 28.36% | +15.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.44% | 44.68% | +11.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.37% | 59.03% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.94% | 59.11% | +12.83% |
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 -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIXY has higher volatility (17.03%) compared to TSLA (14.29%). In terms of maximum drawdown, VIXY dropped -100.00% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.22 vs -0.98), 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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