HIYY vs. TSLY
HIYY (YieldMax HIMS Option Income Strategy ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - HIYY is a Derivative Income fund actively managed by YieldMax, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. HIYY charges 0.99%/yr vs 1.07%/yr for TSLY.
Performance
HIYY vs. TSLY - Performance Comparison
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Returns By Period
In the year-to-date period, HIYY achieves a 2.11% return, which is significantly higher than TSLY's -4.21% return.
HIYY
- 1D
- -2.64%
- 1M
- 15.27%
- 6M
- 5.26%
- YTD
- 2.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLY
- 1D
- -0.04%
- 1M
- 1.06%
- 6M
- -3.60%
- YTD
- -4.21%
- 1Y
- 32.01%
- 3Y*
- 7.64%
- 5Y*
- —
- 10Y*
- —
HIYY vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 2.11% | -37.34% |
TSLY YieldMax TSLA Option Income Strategy ETF | -4.21% | 5.78% |
Correlation
The correlation between HIYY and TSLY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025 | 0.28 |
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Return for Risk
HIYY vs. TSLY — Risk / Return Rank
HIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLY
HIYY vs. TSLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) 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.
| HIYY | TSLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.54 | — |
| Martin ratioReturn relative to average drawdown | — | 3.58 | — |
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Drawdowns
HIYY vs. TSLY - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for HIYY and TSLY.
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Drawdown Indicators
| HIYY | TSLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -49.52% | -24.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.52% | — |
Current DrawdownCurrent decline from peak | -41.79% | -10.44% | -31.35% |
Average DrawdownAverage peak-to-trough decline | -43.76% | -19.76% | -24.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.31% | — |
Volatility
HIYY vs. TSLY - Volatility Comparison
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Volatility by Period
| HIYY | TSLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 82.75% | 36.25% | +46.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.75% | 45.65% | +37.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.75% | 45.65% | +37.10% |
HIYY vs. TSLY - Expense Ratio Comparison
HIYY has a 0.99% expense ratio, which is lower than TSLY's 1.07% expense ratio.
Dividends
HIYY vs. TSLY - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 92.74%, more than TSLY's 83.40% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 92.74% | 29.99% | 0.00% | 0.00% |
TSLY YieldMax TSLA Option Income Strategy ETF | 83.40% | 91.19% | 82.30% | 76.47% |
Frequently Asked Questions
HIYY and TSLY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HIYY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HIYY is cheaper with a 0.99% expense ratio, compared with 1.07% for TSLY.
HIYY has the higher dividend yield at 92.74%, compared with 83.40% for TSLY.
HIYY is categorized as Derivative Income, while TSLY is Options Trading. Their fees differ too: 0.99% for HIYY and 1.07% for TSLY.
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