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 -47.17%/yr vs 38.97%/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 -18.02% return, which is significantly lower than TSLA's -12.22% return. Over the past 10 years, VIXY has underperformed TSLA with an annualized return of -47.17%, while TSLA has yielded a comparatively higher 38.97% annualized return.
VIXY
- 1D
- 3.34%
- 1M
- -9.75%
- 6M
- -16.02%
- YTD
- -18.02%
- 1Y
- -52.30%
- 3Y*
- -39.72%
- 5Y*
- -46.37%
- 10Y*
- -47.17%
TSLA
- 1D
- -3.19%
- 1M
- -2.87%
- 6M
- -12.07%
- YTD
- -12.22%
- 1Y
- 25.92%
- 3Y*
- 11.95%
- 5Y*
- 12.63%
- 10Y*
- 38.97%
VIXY vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIXY ProShares VIX Short-Term Futures ETF | -18.02% | -43.05% | -27.43% | -72.74% | -24.98% | -72.40% | 10.54% | -67.81% | 66.78% | -72.78% |
TSLA Tesla, Inc. | -12.22% | 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 -0.49, 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 | -0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.47 |
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 | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.13 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.87 | -1.83 |
| Martin ratioReturn relative to average drawdown | -1.54 | 1.91 | -3.45 |
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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 | -54.62% | -29.93% | -24.69% |
Max Drawdown (3Y)Largest decline over 3 years | -81.19% | -53.77% | -27.42% |
Max Drawdown (5Y)Largest decline over 5 years | -96.44% | -73.63% | -22.81% |
Max Drawdown (10Y)Largest decline over 10 years | -99.84% | -73.63% | -26.21% |
Current DrawdownCurrent decline from peak | -100.00% | -19.42% | -80.58% |
Average DrawdownAverage peak-to-trough decline | -92.21% | -22.70% | -69.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.02% | 13.61% | +20.41% |
Volatility
VIXY vs. TSLA - Volatility Comparison
The current volatility for ProShares VIX Short-Term Futures ETF (VIXY) is 14.22%, while Tesla, Inc. (TSLA) has a volatility of 17.43%. 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 | 14.22% | 17.43% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 31.20% | +13.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.45% | 44.82% | +11.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.29% | 59.30% | +10.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.84% | 59.26% | +12.58% |
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 -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLA has higher volatility (17.43%) compared to VIXY (14.22%). In terms of maximum drawdown, VIXY dropped -100.00% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.58 vs -0.93), 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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