FUTY vs. TSLY

Last updated Jun 9, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while TSLY is a Options Trading fund actively managed by YieldMax. FUTY is passively managed, while TSLY is actively managed. Over the past 3 years, FUTY returned 12.75%/yr vs 11.84%/yr for TSLY. At a 0.11 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 1.07%/yr for TSLY.

Performance

FUTY vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Utilities Index ETF (FUTY) 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, FUTY achieves a 2.65% return, which is significantly higher than TSLY's -4.80% return.

FUTY

• 1D: -1.86%
• 1M: -2.64%
• YTD: 2.65%
• 6M: 3.06%
• 1Y: 10.63%
• 3Y*: 12.75%
• 5Y*: 8.95%
• 10Y*: 8.88%

TSLY

• 1D: 4.18%
• 1M: -3.87%
• YTD: -4.80%
• 6M: -2.72%
• 1Y: 38.89%
• 3Y*: 11.84%
• 5Y*: —
• 10Y*: —

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

FUTY vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FUTY Fidelity MSCI Utilities Index ETF	2.65%	16.40%	23.20%	-7.46%	1.33%
TSLY YieldMax TSLA Option Income Strategy ETF	-4.80%	13.62%	27.83%	50.69%	-27.09%

Correlation

The correlation between FUTY and TSLY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022	0.11

Return for Risk

FUTY vs. TSLY — Risk / Return Rank

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

FUTY

FUTY Risk / Return Rank: 23
FUTY Sharpe Ratio Rank: 23
FUTY Sortino Ratio Rank: 22
FUTY Omega Ratio Rank: 22
FUTY Calmar Ratio Rank: 27
FUTY Martin Ratio Rank: 22

TSLY

TSLY Risk / Return Rank: 34
TSLY Sharpe Ratio Rank: 33
TSLY Sortino Ratio Rank: 33
TSLY Omega Ratio Rank: 32
TSLY Calmar Ratio Rank: 40
TSLY Martin Ratio Rank: 32

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.

FUTY vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) 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.

	FUTY	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.09	-0.35
Sortino ratio: Return per unit of downside risk	1.08	1.60	-0.51
Omega ratio: Gain probability vs. loss probability	1.13	1.19	-0.06
Calmar ratio: Return relative to maximum drawdown	1.19	1.81	-0.61
Martin ratio: Return relative to average drawdown	2.64	4.37	-1.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUTY vs. TSLY - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.74, which is lower than the TSLY Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of FUTY 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.

Sharpe Ratios by Period

	FUTY	TSLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	1.09	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.28	+0.27

Drawdowns

FUTY vs. TSLY - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for FUTY and TSLY.

Drawdown Indicators

	FUTY	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-49.52%	+13.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-21.64%	+12.71%
Max Drawdown (3Y) Largest decline over 3 years	-17.35%	-49.52%	+32.17%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.44%	—	—
Current Drawdown Current decline from peak	-7.74%	-10.98%	+3.24%
Average Drawdown Average peak-to-trough decline	-6.03%	-19.97%	+13.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	8.93%	-4.90%

Volatility

FUTY vs. TSLY - Volatility Comparison

The current volatility for Fidelity MSCI Utilities Index ETF (FUTY) is 5.64%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 12.39%. This indicates that FUTY 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

	FUTY	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	12.39%	-6.75%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	23.46%	-11.90%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	35.88%	-21.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	45.60%	-28.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	45.60%	-26.54%

FUTY vs. TSLY - Expense Ratio Comparison

FUTY has a 0.08% expense ratio, which is lower than TSLY's 1.07% expense ratio.

Dividends

FUTY vs. TSLY - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.63%, less than TSLY's 88.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUTY Fidelity MSCI Utilities Index ETF	2.63%	2.67%	2.96%	3.31%	2.72%	2.70%	3.07%	2.82%	3.11%	3.03%	3.35%	4.33%
TSLY YieldMax TSLA Option Income Strategy ETF	88.79%	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 FUTY and TSLY in my portfolio?

FUTY and TSLY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUTY or TSLY?

TSLY has higher volatility (12.39%) compared to FUTY (5.64%). In terms of maximum drawdown, FUTY dropped -36.44% vs TSLY's -49.52%.

Which ETF is better, FUTY or TSLY?

On 3-year performance, FUTY leads with 12.75% vs 11.84% for TSLY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FUTY has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FUTY or TSLY?

Over the 3-year period, FUTY has performed better with a 12.75% return vs 11.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FUTY or TSLY?

FUTY is cheaper with a 0.08% expense ratio, compared with 1.07% for TSLY.

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

TSLY has the higher dividend yield at 88.79%, compared with 2.63% for FUTY.

What is the main difference between FUTY and TSLY?

FUTY is categorized as Utilities Equities, while TSLY is Options Trading. They also come from different issuers: Fidelity and YieldMax. Their fees differ too: 0.08% for FUTY and 1.07% for TSLY.

Which has better risk-adjusted returns?

TSLY currently has the higher Sharpe Ratio (1.09 vs 0.74), 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.