CTIF vs. TSMY

Last updated Jun 27, 2026

CTIF (Castellan Targeted Income ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Over the past year, CTIF returned 6.93% vs 71.27% for TSMY. At a 0.45 correlation, their price movements are largely independent. CTIF charges 0.45%/yr vs 0.99%/yr for TSMY.

Performance

CTIF vs. TSMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castellan Targeted Income ETF (CTIF) and YieldMax TSM Option Income Strategy ETF (TSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTIF achieves a 3.33% return, which is significantly lower than TSMY's 35.95% return.

CTIF

• 1D: -0.92%
• 1M: -0.56%
• YTD: 3.33%
• 6M: 2.10%
• 1Y: 6.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMY

• 1D: -1.02%
• 1M: 2.82%
• YTD: 35.95%
• 6M: 36.83%
• 1Y: 71.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CTIF vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025
CTIF Castellan Targeted Income ETF	3.33%	3.87%
TSMY YieldMax TSM Option Income Strategy ETF	35.95%	30.07%

Correlation

The correlation between CTIF and TSMY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.45

Return for Risk

CTIF vs. TSMY — Risk / Return Rank

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

CTIF

CTIF Risk / Return Rank: 19
CTIF Sharpe Ratio Rank: 19
CTIF Sortino Ratio Rank: 17
CTIF Omega Ratio Rank: 17
CTIF Calmar Ratio Rank: 19
CTIF Martin Ratio Rank: 23

TSMY

TSMY Risk / Return Rank: 83
TSMY Sharpe Ratio Rank: 85
TSMY Sortino Ratio Rank: 76
TSMY Omega Ratio Rank: 76
TSMY Calmar Ratio Rank: 90
TSMY Martin Ratio Rank: 89

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.

CTIF vs. TSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castellan Targeted Income ETF (CTIF) and YieldMax TSM Option Income Strategy ETF (TSMY). 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.

	CTIF	TSMY	Difference
Sharpe ratio: Return per unit of total volatility	0.59	2.40	-1.80
Sortino ratio: Return per unit of downside risk	0.92	2.98	-2.07
Omega ratio: Gain probability vs. loss probability	1.11	1.39	-0.28
Calmar ratio: Return relative to maximum drawdown	0.79	4.80	-4.01
Martin ratio: Return relative to average drawdown	2.85	17.25	-14.40

CTIF vs. TSMY - Sharpe Ratio Comparison

The current CTIF Sharpe Ratio is 0.59, which is lower than the TSMY Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of CTIF and TSMY, 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

CTIF vs. TSMY - Drawdown Comparison

The maximum CTIF drawdown since its inception was -9.43%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for CTIF and TSMY.

Drawdown Indicators

	CTIF	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-31.15%	+21.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-15.50%	+6.07%
Current Drawdown Current decline from peak	-2.44%	-5.86%	+3.42%
Average Drawdown Average peak-to-trough decline	-1.85%	-5.44%	+3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	4.30%	-1.70%

Volatility

CTIF vs. TSMY - Volatility Comparison

The current volatility for Castellan Targeted Income ETF (CTIF) is 4.07%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 13.44%. This indicates that CTIF experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTIF	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	13.44%	-9.37%
Volatility (6M) Calculated over the trailing 6-month period	9.73%	25.05%	-15.32%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	31.04%	-18.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.58%	33.86%	-21.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.58%	33.86%	-21.28%

CTIF vs. TSMY - Expense Ratio Comparison

CTIF has a 0.45% expense ratio, which is lower than TSMY's 0.99% expense ratio.

Dividends

CTIF vs. TSMY - Dividend Comparison

CTIF's dividend yield for the trailing twelve months is around 3.72%, less than TSMY's 52.91% yield.

Position	TTM	2025	2024
CTIF Castellan Targeted Income ETF	3.72%	2.55%	0.00%
TSMY YieldMax TSM Option Income Strategy ETF	52.91%	56.76%	13.71%

Frequently Asked Questions

Can I hold both CTIF and TSMY in my portfolio?

CTIF and TSMY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTIF or TSMY?

TSMY has higher volatility (13.44%) compared to CTIF (4.07%). In terms of maximum drawdown, CTIF dropped -9.43% vs TSMY's -31.15%.

Which ETF is better, CTIF or TSMY?

On 1-year performance, TSMY leads with 71.27% vs 6.93% for CTIF. On fees, CTIF is cheaper at 0.45% per year. On volatility, CTIF has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTIF or TSMY?

Over the 1-year period, TSMY has performed better with a 71.27% return vs 6.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTIF or TSMY?

CTIF is cheaper with a 0.45% expense ratio, compared with 0.99% for TSMY.

Which ETF pays a higher dividend yield, CTIF or TSMY?

TSMY has the higher dividend yield at 52.91%, compared with 3.72% for CTIF.

What is the main difference between CTIF and TSMY?

They also come from different issuers: Castellan and YieldMax. Their fees differ too: 0.45% for CTIF and 0.99% for TSMY.

Which has better risk-adjusted returns?

TSMY currently has the higher Sharpe Ratio (2.40 vs 0.59), 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.