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YieldMax TSLA Option Income Strategy ETF (TSLY) Sharpe Ratio: 0.77

ETF · Currency in USD · Last updated Jun 21, 2026

The YieldMax™ TSLA Option Income Strategy ETF (TSLY) is a fund that aims to produce monthly income by selling call options on TSLA. While the strategy can provide attractive yields and limited participation in TSLA's price increases, it doesn't invest directly in TSLA. The strategy limits its potential gains when TSLA's value rises and is exposed to losses when TSLA's value drops, which might not be balanced by the fund's income. The fund primarily focuses on generating current income and secondarily on TSLA's share price exposure, with a cap on investment gains.

TSLY's Sharpe Ratio of 0.77 indicates that for each unit of volatility, it generates 0.77 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 21, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

TSLY Sharpe Ratio Rank

TSLY Sharpe Ratio Rank: 22.422
Below Average

TSLY ranks above 22.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

TSLY Sharpe Ratio Market Positioning

The chart shows TSLY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.87 or lower
  • Yellow zone (middle 50%): 0.87 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.46+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares YieldMax TSLA Option Income Strategy ETF's Sharpe Ratio with other ETFs in the Options Trading category across multiple time periods, showing how TSLY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 21, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
LAPRInnovator Premium Income 15 Buffer ETF - April5.52
APRWAllianzIM U.S. Large Cap Buffer20 Apr ETF4.62
APRJInnovator Premium Income 30 Barrier ETF - April4.42
XMARFT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March4.22
PBAPPGIM US Large-Cap Buffer 20 ETF - April4.10
XIMRFT Vest U.S. Equity Buffer & Premium Income ETF - March4.09
APRPPGIM US Large-Cap Buffer 12 ETF - April3.97
AMDYYieldMax AMD Option Income Strategy ETF3.93
DMARFT Cboe Vest U.S. Equity Deep Buffer ETF - March3.91
GMARFT Cboe Vest U.S. Equity Moderate Buffer ETF - March3.88
TSLYYieldMax TSLA Option Income Strategy ETF0.77

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows TSLY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when TSLY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does TSLY fit in your portfolio?

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