CVX vs. TSLY

Last updated Jun 13, 2026

CVX (Chevron Corporation) is a stock, while TSLY (YieldMax TSLA Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax. Over the past 3 years, CVX returned 10.25%/yr vs 10.28%/yr for TSLY. At a 0.03 correlation, their price movements are largely independent.

Performance

CVX vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chevron Corporation (CVX) 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, CVX achieves a 25.18% return, which is significantly higher than TSLY's -5.22% return.

CVX

• 1D: 0.75%
• 1M: 1.58%
• YTD: 25.18%
• 6M: 27.20%
• 1Y: 34.55%
• 3Y*: 10.25%
• 5Y*: 16.33%
• 10Y*: 10.94%

TSLY

• 1D: 1.66%
• 1M: -6.99%
• YTD: -5.22%
• 6M: -7.03%
• 1Y: 29.62%
• 3Y*: 10.28%
• 5Y*: —
• 10Y*: —

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

CVX vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CVX Chevron Corporation	25.18%	10.10%	1.29%	-13.63%	-3.44%
TSLY YieldMax TSLA Option Income Strategy ETF	-5.22%	13.62%	27.83%	50.69%	-27.09%

Correlation

The correlation between CVX and TSLY is -0.10, 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	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022	0.03

The correlation between CVX and TSLY shifts across timeframes, from -0.10 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CVX vs. TSLY — Risk / Return Rank

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

CVX

CVX Risk / Return Rank: 80
CVX Sharpe Ratio Rank: 84
CVX Sortino Ratio Rank: 79
CVX Omega Ratio Rank: 78
CVX Calmar Ratio Rank: 80
CVX Martin Ratio Rank: 80

TSLY

TSLY Risk / Return Rank: 27
TSLY Sharpe Ratio Rank: 26
TSLY Sortino Ratio Rank: 26
TSLY Omega Ratio Rank: 26
TSLY Calmar Ratio Rank: 31
TSLY Martin Ratio Rank: 27

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.

CVX vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chevron Corporation (CVX) 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.

	CVX	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	1.57	0.83	+0.74
Sortino ratio: Return per unit of downside risk	2.12	1.30	+0.82
Omega ratio: Gain probability vs. loss probability	1.27	1.16	+0.12
Calmar ratio: Return relative to maximum drawdown	2.48	1.38	+1.11
Martin ratio: Return relative to average drawdown	6.10	3.27	+2.83

CVX vs. TSLY - Sharpe Ratio Comparison

The current CVX Sharpe Ratio is 1.57, which is higher than the TSLY Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of CVX 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

CVX vs. TSLY - Drawdown Comparison

The maximum CVX drawdown since its inception was -55.77%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for CVX and TSLY.

Drawdown Indicators

	CVX	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-55.77%	-49.52%	-6.25%
Max Drawdown (1Y) Largest decline over 1 year	-13.99%	-21.64%	+7.65%
Max Drawdown (3Y) Largest decline over 3 years	-20.64%	-49.52%	+28.88%
Max Drawdown (5Y) Largest decline over 5 years	-24.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.77%	—	—
Current Drawdown Current decline from peak	-10.52%	-11.38%	+0.86%
Average Drawdown Average peak-to-trough decline	-11.39%	-19.92%	+8.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.68%	9.09%	-3.41%

Volatility

CVX vs. TSLY - Volatility Comparison

The current volatility for Chevron Corporation (CVX) is 7.62%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 12.68%. This indicates that CVX 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

	CVX	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	12.68%	-5.06%
Volatility (6M) Calculated over the trailing 6-month period	17.86%	23.97%	-6.11%
Volatility (1Y) Calculated over the trailing 1-year period	22.06%	35.92%	-13.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.15%	45.59%	-20.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.16%	45.59%	-16.43%

Dividends

CVX vs. TSLY - Dividend Comparison

CVX's dividend yield for the trailing twelve months is around 3.73%, less than TSLY's 83.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVX Chevron Corporation	3.73%	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%
TSLY YieldMax TSLA Option Income Strategy ETF	83.90%	91.19%	82.30%	76.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CVX and TSLY in my portfolio?

CVX and TSLY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVX or TSLY?

TSLY has higher volatility (12.68%) compared to CVX (7.62%). In terms of maximum drawdown, CVX dropped -55.77% vs TSLY's -49.52%.

Which has better risk-adjusted returns?

CVX currently has the higher Sharpe Ratio (1.57 vs 0.83), 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.