IWS vs. TSLY
IWS (iShares Russell Mid-Cap Value ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - IWS is a Mid Cap Value Equities fund tracking the Russell Midcap Value Index, while TSLY is a Options Trading fund actively managed by YieldMax. IWS is passively managed, while TSLY is actively managed. Over the past 3 years, IWS returned 16.65%/yr vs 10.28%/yr for TSLY. At a 0.41 correlation, their price movements are largely independent. IWS charges 0.23%/yr vs 1.07%/yr for TSLY.
Performance
IWS vs. TSLY - Performance Comparison
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Returns By Period
In the year-to-date period, IWS achieves a 16.45% return, which is significantly higher than TSLY's -5.22% return.
IWS
- 1D
- 1.16%
- 1M
- 4.03%
- YTD
- 16.45%
- 6M
- 15.28%
- 1Y
- 27.58%
- 3Y*
- 16.65%
- 5Y*
- 8.67%
- 10Y*
- 10.51%
TSLY
- 1D
- 1.66%
- 1M
- -6.99%
- YTD
- -5.22%
- 6M
- -7.03%
- 1Y
- 29.62%
- 3Y*
- 10.28%
- 5Y*
- —
- 10Y*
- —
IWS vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 16.45% | 10.82% | 12.91% | 12.52% | -3.63% |
TSLY YieldMax TSLA Option Income Strategy ETF | -5.22% | 13.62% | 27.83% | 50.69% | -27.09% |
Correlation
The correlation between IWS and TSLY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.41 |
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Return for Risk
IWS vs. TSLY — Risk / Return Rank
IWS
TSLY
IWS vs. TSLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Value ETF (IWS) 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.
| IWS | TSLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.38 | +2.30 |
| Martin ratioReturn relative to average drawdown | 13.82 | 3.27 | +10.55 |
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Drawdowns
IWS vs. TSLY - Drawdown Comparison
The maximum IWS drawdown since its inception was -62.40%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for IWS and TSLY.
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Drawdown Indicators
| IWS | TSLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -49.52% | -12.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -21.64% | +14.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.57% | -49.52% | +28.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.38% | +11.38% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -19.92% | +11.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 9.09% | -7.09% |
Volatility
IWS vs. TSLY - Volatility Comparison
The current volatility for iShares Russell Mid-Cap Value ETF (IWS) is 4.29%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 12.68%. This indicates that IWS 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.
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Volatility by Period
| IWS | TSLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 12.68% | -8.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 23.97% | -14.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 35.92% | -22.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 45.59% | -28.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 45.59% | -26.22% |
IWS vs. TSLY - Expense Ratio Comparison
IWS has a 0.23% expense ratio, which is lower than TSLY's 1.07% expense ratio.
Dividends
IWS vs. TSLY - Dividend Comparison
IWS's dividend yield for the trailing twelve months is around 1.32%, less than TSLY's 83.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 1.32% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
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
IWS and TSLY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLY has higher volatility (12.68%) compared to IWS (4.29%). In terms of maximum drawdown, IWS dropped -62.40% vs TSLY's -49.52%.
On 3-year performance, IWS leads with 16.65% vs 10.28% for TSLY. On fees, IWS is cheaper at 0.23% per year. On volatility, IWS has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IWS has performed better with a 16.65% return vs 10.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWS is cheaper with a 0.23% expense ratio, compared with 1.07% for TSLY.
TSLY has the higher dividend yield at 83.90%, compared with 1.32% for IWS.
IWS is categorized as Mid Cap Value Equities, while TSLY is Options Trading. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.23% for IWS and 1.07% for TSLY.
IWS currently has the higher Sharpe Ratio (2.05 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.
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