TSLA vs VOO: Correlation
Measured on weekly returns over the past three years, Tesla, Inc. (TSLA) and Vanguard S&P 500 ETF (VOO) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSLA and VOO?
Over the past 3 years, TSLA and VOO moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 389.7 %².
Among the 31 assets we track against TSLA, VOO ranks #12 by 3-year correlation. The last year tells two different stories: VOO led by 19.1 percentage points, +1.5% for TSLA against +20.6% for VOO. Stability stands out here, with the rolling one-year correlation confined to 0.37 through 0.61. Note the risk asymmetry: TSLA runs 3.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TSLA vs VOO: side by side
| TSLA (Tesla, Inc.) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +1.5% | +20.6% |
| 5-year return | +45.6% | +83.0% |
| Volatility (ann.) | 53.9% | 14.4% |
| Beta vs S&P 500 | 1.87 | 0.99 |
| Max drawdown (3Y) | -53.8% | -18.7% |
| Market cap | $1,401.3B | – |
| P/E (trailing) | 322.6 | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Consumer Discretionary | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | TSLA | VOO |
|---|---|---|
| 2022 | -65.0% | -18.2% |
| 2023 | +101.7% | +26.3% |
| 2024 | +62.5% | +25.0% |
| 2025 | +11.4% | +17.8% |
| 2026 | -21.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 1.36% of VOO is TSLA itself, so the fund partly moves with the stock by construction.
Are TSLA and VOO good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TSLA and VOO?
The TSLA/VOO correlation stands at 0.50 on a 3-year window (1 year: 0.56, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for TSLA?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: TSLA correlations · VOO correlations
