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Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 5, 2026

The ETF aims to achieve long-term capital appreciation by purchasing and holding Tesla common stock, including using leverage through cash borrowing, and generate distributions by writing covered call and/or cash covered put options on part of its portfolio, while hedging U.S. dollar currency exposure back to the Canadian dollar.

Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with YTSL.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to YTSL.NEO

YTSL.NEO charges 1.65% annually. There are 68 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.04%.

SymbolNameExpense RatioAUMInception
USCL.TO
Global X Enhanced S&P 500 Covered Call ETF0.04%249.48MJul 2023YTSL.NEO vs USCL.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025YTSL.NEO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%155.19MNov 2025YTSL.NEO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024YTSL.NEO vs JEPQ.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024YTSL.NEO vs JEPI.TO

Best Risk-Adjusted Alternatives to YTSL.NEO

YTSL.NEO has a PortfoliosLab risk / return rank of 33. There are 56 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
—Jun 2022YTSL.NEO vs HLIF.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
97
—Feb 2022YTSL.NEO vs CBNK.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
96
1.08BFeb 2022YTSL.NEO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
95
187.53MJul 2023YTSL.NEO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
95
370.01MMay 2011YTSL.NEO vs BKCC.TO

Top Performing YTSL.NEO Alternatives (YTD)

YTSL.NEO is at -7.41% YTD. There are 76 ETFs in the Derivative Income category with higher YTD returns, going as high as 42.78%.

SymbolNameYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
42.78%
—Feb 2025YTSL.NEO vs YAVG.NEO
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
38.88%
—Aug 2025YTSL.NEO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
37.98%
286.32MOct 2023YTSL.NEO vs ENCL.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
31.66%
116.31MFeb 2015YTSL.NEO vs NXF.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETF
30.95%
476.70MFeb 2024YTSL.NEO vs EMAX.TO

Lowest Volatility Alternatives to YTSL.NEO

YTSL.NEO has 48.20% 1-year volatility. There are 80 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.66%235.30MSep 2024YTSL.NEO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.53%226.83MJan 2024YTSL.NEO vs HPYM.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF6.65%1.34BJun 2023YTSL.NEO vs UMAX.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A6.89%—Jun 2022YTSL.NEO vs HLIF.TO
ZWU.TO
BMO Covered Call Utilities ETF7.59%2.17BOct 2011YTSL.NEO vs ZWU.TO

Lowest Drawdown Alternatives to YTSL.NEO

YTSL.NEO has a 1-year max drawdown of -24.81%. There are 58 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
235.30MSep 2024YTSL.NEO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
—Jun 2022YTSL.NEO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.85%
226.83MJan 2024YTSL.NEO vs HPYM.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...
-4.57%
97.17MOct 2022YTSL.NEO vs HUTE.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.17BOct 2011YTSL.NEO vs ZWU.TO

Other ETFs from Purpose Investments

The 10 most viewed Purpose Investments ETFs shown here include BTCC.TO, PSA.TO, MNY.TO and span 8 categories. AUM among these funds goes as high as $4B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BTCC.TO
Purpose Bitcoin CAD ETF Currency Hedged UnitsCryptocurrency
2
-28.70%
1.90BNov 2021YTSL.NEO vs BTCC.TO
PSA.TO
Purpose High Interest Savings FundMoney Market
100
0.90%
4.20BOct 2013YTSL.NEO vs PSA.TO
MNY.TO
Purpose Cash Management FundMoney Market
100
0.96%
2.90BSep 2022YTSL.NEO vs MNY.TO
SBT.TO
Purpose Silver Bullion FundSilver, Precious Metals
48
2.63%
164.90MMay 2016YTSL.NEO vs SBT.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
85
7.79%
212.60MJan 2018YTSL.NEO vs PDIV.TO
PMM.TO
Purpose Multi-Strategy Market Neutral FundLong-Short
68
5.84%
10.90MOct 2014YTSL.NEO vs PMM.TO
YNVD.NEO
NVIDIA (NVDA) Yield Shares Purpose ETFDerivative Income
65
20.36%
206.20MJan 2024YTSL.NEO vs YNVD.NEO
BTCY.TO
Purpose Bitcoin Yield ETF - ETF Units
2
-31.93%
116.80MDec 2021YTSL.NEO vs BTCY.TO
KILO-B.TO
Purpose Gold Bullion Fund ETF Non-Currency HedgedGold, Precious Metals
38
4.82%
—Oct 2018YTSL.NEO vs KILO-B.TO
BTCC-B.TO
Purpose Bitcoin ETF Non-Currency Hedged UnitsCryptocurrency
2
-26.65%
—Oct 2021YTSL.NEO vs BTCC-B.TO

Often Compared With YTSL.NEO

Investors most often compare YTSL.NEO with TSLA, TSLY.TO, TSLY. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
TSLA
Tesla, Inc.
58
-6.95%
——YTSL.NEO vs TSLA
TSLY.TO
Harvest Tesla Enhanced High Income Shares ETFDerivative Income
25
-4.93%
278.60MJan 2025YTSL.NEO vs TSLY.TO
TSLY
YieldMax TSLA Option Income Strategy ETFOptions Trading
24
-2.70%
900.04MNov 2022YTSL.NEO vs TSLY
TSLA.TO
Tesla CDR (CAD Hedged)
56
-7.92%
——YTSL.NEO vs TSLA.TO
TSLA.NEO
Tesla Inc CDR
57
-7.89%
——YTSL.NEO vs TSLA.NEO
TSL
GraniteShares 1.25x Long Tsla Daily ETFLeveraged Equities
18
-10.75%
14.68MAug 2022YTSL.NEO vs TSL
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
78
12.72%
32.85BNov 2012YTSL.NEO vs VFV.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
34
9.41%
1.82BJan 2025YTSL.NEO vs HHIS.TO
KILO.TO
Purpose Gold Bullion Fund
31
2.92%
1.10B—YTSL.NEO vs KILO.TO
NVDA
NVIDIA Corporation
80
17.39%
——YTSL.NEO vs NVDA
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
22.00%
7.99BNov 2012YTSL.NEO vs VDY.TO
HBIX.NEO
Harvest Bitcoin Enhanced Income ETFLeveraged Cryptocurrency
2
-31.13%
—Apr 2025YTSL.NEO vs HBIX.NEO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
93
17.22%
1.63BJul 2021YTSL.NEO vs HDIV.TO
PYF.TO
Purpose Premium Yield Fund Series ETFDiversified Portfolio
24
1.34%
708.70MNov 2018YTSL.NEO vs PYF.TO
PLTE.TO
Harvest Palantir Enhanced High Income Shares ETFDerivative Income
14
-21.20%
—Jan 2025YTSL.NEO vs PLTE.TO
YCST.NEO
Costco (COST) Yield Shares Purpose ETFDerivative Income
6
13.86%
—Feb 2025YTSL.NEO vs YCST.NEO
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETFLarge Cap Blend Equities
5
-6.22%
51.20MDec 2022YTSL.NEO vs BRKY.NEO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETFDerivative Income
68
7.36%
—Sep 2022YTSL.NEO vs DXQ.TO
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
16
-0.04%
385.04MMay 2024YTSL.NEO vs HPYT.TO
YAMZ.NEO
Amazon (AMZN) Yield Shares Purpose ETFDerivative Income
22
5.68%
118.20MDec 2022YTSL.NEO vs YAMZ.NEO

Compare YTSL.NEO with Any Fund or Stock

Compare YTSL.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair YTSL.NEO with funds that move differently

Tesla (TSLA) Yield Shares Purpose ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to YTSL.NEO.

Explore YTSL.NEO Diversifiers