Question: Betas Look at the picture comparing the 5-year returns for Tesla (TSLA) and S&P 500 (^GSPC). It's obvious that the return volatility (i.e. standard deviation)

Betas

Look at the picture comparing the 5-year returns for Tesla (TSLA) and S&P 500 (^GSPC). It's obvious that the return volatility (i.e. standard deviation) of Tesla stock is at least 3-5 times greater than that of the S&P 500 (the blue line). Yet, if you look up Tesla's 5 year beta (on the summary page of Yahoo Finance provided) is much less than one (around 0.5) suggesting that TSLA is much LESS volatile than the market.
How do you explain this discrepancy between what standard deviation tells you (that TSLA is extremely risky and fluctuates a lot) and what beta tells you (that the stock is almost 40% SAFER than the overall market (SP500)?

Tesla, Inc. (TSLA) Nasdaqs - NasdaqGs Real Time Price. Currency in USD Add to watchlist 2. Visitors trend 2w1 10W + 9M 620.73 -24.60 (-3.81%) Buy Sell As of 3:26PM EDT. Market open. Summary Company Outlook @ Chart Conversations Statistics Historical Data Profile Financials Analysis Options Previous Close 645.33 Market Cap 114.01B 1D 5D 1M 6M YTD 1Y5Y Max kr Full screen 660.00 Open 640.20 Beta (5Y Monthly) 0.48 Bid 645.33 0001 613.51 x 1000 PE Ratio (TTM) N/A Ask 614.12 x 1800 EPS (TTM) -4.92 623.333 618.315 Day's Range 613.01 - 653.58 Earnings Date Apr 22, 2020- Apr 27, 2020 605.00 52 Week Range 176.99 - 968.99 Forward Dividend & Yield N/A (N/A) | r Volume 11,272,738 Ex-Dividend Date N/A 10 AM 12 PM 02 PM Trade prices are not sourced from all markets Avg. Volume 18,969,942 1y Target Est 504.33 8 Fair Value XX.XX Chart Events @ Neutral pattern detected Overvalued Related Research A Weekly Stock List Analyst Report: Tesla Inc View more 6100, Gap Down Performance Outlook Short 0 Mid Term Term ZW-6W 6 W - 9M Long Term 9M+ Long View details View all chart patterns 450.00% TSLA 230.46 GSPC 2005.55 X 400.00% 350.00% 330.05% 300.00% 250.00% 200.00% 150.00% 100.00% 61.15% v0.000 -0.00% -50.00% 14.77M 2016 Jul 2017 2018 2019 2020

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