AMZY vs. TSLY

Last updated Jul 14, 2026

AMZY (YieldMax AMZN Option Income Strategy ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - AMZY is a Derivative Income fund actively managed by YieldMax, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, AMZY returned 4.25% vs 28.69% for TSLY. At a 0.40 correlation, their price movements are largely independent. AMZY charges 1.09%/yr vs 1.07%/yr for TSLY.

Performance

AMZY vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMZN Option Income Strategy ETF (AMZY) and YieldMax TSLA Option Income Strategy ETF (TSLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZY achieves a 2.25% return, which is significantly higher than TSLY's -6.62% return.

AMZY

• 1D: 0.83%
• 1M: 2.87%
• 6M: -1.77%
• YTD: 2.25%
• 1Y: 4.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLY

• 1D: -2.52%
• 1M: -1.48%
• 6M: -6.51%
• YTD: -6.62%
• 1Y: 28.69%
• 3Y*: 5.11%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZY vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMZY YieldMax AMZN Option Income Strategy ETF	2.25%	10.39%	35.28%	18.03%
TSLY YieldMax TSLA Option Income Strategy ETF	-6.62%	13.62%	27.83%	-11.71%

Correlation

The correlation between AMZY and TSLY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023	0.40

Return for Risk

AMZY vs. TSLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZY

AMZY Risk / Return Rank: 12
AMZY Sharpe Ratio Rank: 12
AMZY Sortino Ratio Rank: 12
AMZY Omega Ratio Rank: 12
AMZY Calmar Ratio Rank: 12
AMZY Martin Ratio Rank: 12

TSLY

TSLY Risk / Return Rank: 28
TSLY Sharpe Ratio Rank: 27
TSLY Sortino Ratio Rank: 27
TSLY Omega Ratio Rank: 27
TSLY Calmar Ratio Rank: 33
TSLY Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZY vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) and YieldMax TSLA Option Income Strategy ETF (TSLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMZY	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	0.17	0.80	-0.62
Sortino ratio: Return per unit of downside risk	0.40	1.27	-0.88
Omega ratio: Gain probability vs. loss probability	1.05	1.15	-0.10
Calmar ratio: Return relative to maximum drawdown	0.22	1.33	-1.11
Martin ratio: Return relative to average drawdown	0.50	3.08	-2.58

AMZY vs. TSLY - Sharpe Ratio Comparison

The current AMZY Sharpe Ratio is 0.17, which is lower than the TSLY Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of AMZY and TSLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMZY vs. TSLY - Drawdown Comparison

The maximum AMZY drawdown since its inception was -23.70%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for AMZY and TSLY.

Drawdown Indicators

	AMZY	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-49.52%	+25.82%
Max Drawdown (1Y) Largest decline over 1 year	-19.61%	-21.64%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.52%	—
Current Drawdown Current decline from peak	-8.70%	-12.69%	+3.99%
Average Drawdown Average peak-to-trough decline	-5.50%	-19.75%	+14.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.58%	9.34%	-0.76%

Volatility

AMZY vs. TSLY - Volatility Comparison

The current volatility for YieldMax AMZN Option Income Strategy ETF (AMZY) is 7.59%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 14.20%. This indicates that AMZY experiences smaller price fluctuations and is considered to be less risky than TSLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZY	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.59%	14.20%	-6.61%
Volatility (6M) Calculated over the trailing 6-month period	17.32%	25.91%	-8.59%
Volatility (1Y) Calculated over the trailing 1-year period	24.46%	36.19%	-11.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.07%	45.64%	-20.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.07%	45.64%	-20.57%

AMZY vs. TSLY - Expense Ratio Comparison

AMZY has a 1.09% expense ratio, which is higher than TSLY's 1.07% expense ratio.

Dividends

AMZY vs. TSLY - Dividend Comparison

AMZY's dividend yield for the trailing twelve months is around 53.39%, less than TSLY's 85.55% yield.

Position	TTM	2025	2024	2023
AMZY YieldMax AMZN Option Income Strategy ETF	53.39%	52.59%	47.91%	9.90%
TSLY YieldMax TSLA Option Income Strategy ETF	85.55%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both AMZY and TSLY in my portfolio?

AMZY and TSLY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZY or TSLY?

TSLY has higher volatility (14.20%) compared to AMZY (7.59%). In terms of maximum drawdown, AMZY dropped -23.70% vs TSLY's -49.52%.

Which ETF is better, AMZY or TSLY?

On 1-year performance, TSLY leads with 28.69% vs 4.25% for AMZY. On fees, TSLY is cheaper at 1.07% per year. On volatility, AMZY has been the lower-risk option at 7.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZY or TSLY?

Over the 1-year period, TSLY has performed better with a 28.69% return vs 4.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZY or TSLY?

TSLY is cheaper with a 1.07% expense ratio, compared with 1.09% for AMZY.

Which ETF pays a higher dividend yield, AMZY or TSLY?

TSLY has the higher dividend yield at 85.55%, compared with 53.39% for AMZY.

What is the main difference between AMZY and TSLY?

AMZY is categorized as Derivative Income, while TSLY is Options Trading. Their fees differ too: 1.09% for AMZY and 1.07% for TSLY.

Which has better risk-adjusted returns?

TSLY currently has the higher Sharpe Ratio (0.80 vs 0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.