CSQ vs TSLA: Correlation
Calamos Strategic Total Return Fund - Closed End Fund (CSQ) and Tesla, Inc. (TSLA) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSQ and TSLA?
Across a 3-year window, the weekly returns of CSQ and TSLA correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 487.5 %².
Among the 51 assets we track against CSQ, TSLA ranks #43 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CSQ outperformed by 19.9 percentage points (+21.4% for CSQ against +1.5% for TSLA). Risk is not evenly split, since TSLA carries 2.9 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CSQ vs TSLA: side by side
| CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | +21.4% | +1.5% |
| 5-year return | +64.2% | +45.6% |
| Volatility (ann.) | 18.8% | 53.9% |
| Beta vs S&P 500 | 1.22 | 1.87 |
| Max drawdown (3Y) | -24.2% | -53.8% |
| Market cap | $3.4B | $1,401.3B |
| P/E (trailing) | 3.2 | 322.6 |
| Dividend yield | 2.95% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CSQ | TSLA |
|---|---|---|
| 2022 | -24.2% | -65.0% |
| 2023 | +20.9% | +101.7% |
| 2024 | +28.2% | +62.5% |
| 2025 | +16.3% | +11.4% |
| 2026 | +14.3% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSQ and TSLA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CSQ and TSLA?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.58 over the last year and 0.53 over 5 years.
Is TSLA a good diversifier for CSQ?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csq-vs-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/csq-vs-tsla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSQ correlations · TSLA correlations
