CRSH vs. TSLY

Last updated Jul 14, 2026

CRSH (YieldMax Short TSLA Option Income Strategy ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - CRSH 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, CRSH returned -17.12% vs 28.69% for TSLY. At a correlation of -0.94, they often move in opposite directions. CRSH charges 0.99%/yr vs 1.07%/yr for TSLY.

Performance

CRSH vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short TSLA Option Income Strategy ETF (CRSH) 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, CRSH achieves a 8.41% return, which is significantly higher than TSLY's -6.62% return.

CRSH

• 1D: 2.58%
• 1M: 2.15%
• 6M: 8.55%
• YTD: 8.41%
• 1Y: -17.12%
• 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)

CRSH vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CRSH YieldMax Short TSLA Option Income Strategy ETF	8.41%	-13.40%	-52.42%
TSLY YieldMax TSLA Option Income Strategy ETF	-6.62%	13.62%	60.27%

Correlation

The correlation between CRSH and TSLY is -0.97, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.97
Correlation (All Time) Calculated using the full available price history since May 2, 2024	-0.94

The correlation between CRSH and TSLY has been stable across timeframes, ranging from -0.97 to -0.94 - a consistent structural relationship.

Return for Risk

CRSH vs. TSLY — Risk / Return Rank

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

CRSH

CRSH Risk / Return Rank: 5
CRSH Sharpe Ratio Rank: 5
CRSH Sortino Ratio Rank: 6
CRSH Omega Ratio Rank: 5
CRSH Calmar Ratio Rank: 5
CRSH Martin Ratio Rank: 5

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.

CRSH vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short TSLA Option Income Strategy ETF (CRSH) 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.

	CRSH	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	0.80	-1.27
Sortino ratio: Return per unit of downside risk	-0.47	1.27	-1.74
Omega ratio: Gain probability vs. loss probability	0.95	1.15	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.54	1.33	-1.88
Martin ratio: Return relative to average drawdown	-0.85	3.08	-3.93

CRSH vs. TSLY - Sharpe Ratio Comparison

The current CRSH Sharpe Ratio is -0.48, which is lower than the TSLY Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of CRSH 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

CRSH vs. TSLY - Drawdown Comparison

The maximum CRSH drawdown since its inception was -63.68%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for CRSH and TSLY.

Drawdown Indicators

	CRSH	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-63.68%	-49.52%	-14.16%
Max Drawdown (1Y) Largest decline over 1 year	-31.54%	-21.64%	-9.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.52%	—
Current Drawdown Current decline from peak	-57.35%	-12.69%	-44.66%
Average Drawdown Average peak-to-trough decline	-43.74%	-19.75%	-23.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.24%	9.34%	+10.90%

Volatility

CRSH vs. TSLY - Volatility Comparison

YieldMax Short TSLA Option Income Strategy ETF (CRSH) and YieldMax TSLA Option Income Strategy ETF (TSLY) have volatilities of 13.83% and 14.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRSH	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.83%	14.20%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	24.84%	25.91%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	36.19%	36.19%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.40%	45.64%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.40%	45.64%	+1.76%

CRSH vs. TSLY - Expense Ratio Comparison

CRSH has a 0.99% expense ratio, which is lower than TSLY's 1.07% expense ratio.

Dividends

CRSH vs. TSLY - Dividend Comparison

CRSH's dividend yield for the trailing twelve months is around 81.02%, less than TSLY's 85.55% yield.

Position	TTM	2025	2024	2023
CRSH YieldMax Short TSLA Option Income Strategy ETF	81.02%	138.78%	94.25%	0.00%
TSLY YieldMax TSLA Option Income Strategy ETF	85.55%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both CRSH and TSLY in my portfolio?

CRSH and TSLY have a correlation of -0.97, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRSH or TSLY?

TSLY has higher volatility (14.20%) compared to CRSH (13.83%). In terms of maximum drawdown, CRSH dropped -63.68% vs TSLY's -49.52%.

Which ETF is better, CRSH or TSLY?

On 1-year performance, TSLY leads with 28.69% vs -17.12% for CRSH. On fees, CRSH is cheaper at 0.99% per year. On volatility, CRSH has been the lower-risk option at 13.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRSH or TSLY?

Over the 1-year period, TSLY has performed better with a 28.69% return vs -17.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRSH or TSLY?

CRSH is cheaper with a 0.99% expense ratio, compared with 1.07% for TSLY.

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

TSLY has the higher dividend yield at 85.55%, compared with 81.02% for CRSH.

What is the main difference between CRSH and TSLY?

CRSH is categorized as Derivative Income, while TSLY is Options Trading. Their fees differ too: 0.99% for CRSH and 1.07% for TSLY.

Which has better risk-adjusted returns?

TSLY currently has the higher Sharpe Ratio (0.80 vs -0.48), 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.