OARK vs. TSLY
Compare and contrast key facts about YieldMax Innovation Option Income Strategy ETF (OARK) and YieldMax TSLA Option Income Strategy ETF (TSLY).
OARK and TSLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022. TSLY is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OARK or TSLY.
Performance
OARK vs. TSLY - Performance Comparison
Returns By Period
In the year-to-date period, OARK achieves a 4.71% return, which is significantly lower than TSLY's 16.40% return.
OARK
4.71%
6.47%
15.45%
20.57%
N/A
N/A
TSLY
16.40%
40.60%
47.95%
29.08%
N/A
N/A
Key characteristics
| OARK | TSLY | |
|---|---|---|
| Sharpe Ratio | 0.82 | 0.57 |
| Sortino Ratio | 1.22 | 1.08 |
| Omega Ratio | 1.16 | 1.14 |
| Calmar Ratio | 1.01 | 0.57 |
| Martin Ratio | 2.53 | 1.42 |
| Ulcer Index | 8.66% | 18.32% |
| Daily Std Dev | 26.83% | 45.52% |
| Max Drawdown | -27.24% | -45.63% |
| Current Drawdown | -4.22% | -3.71% |
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OARK vs. TSLY - Expense Ratio Comparison
Both OARK and TSLY have an expense ratio of 0.99%.
Correlation
The correlation between OARK and TSLY is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
OARK vs. TSLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) 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.
Dividends
OARK vs. TSLY - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 40.36%, less than TSLY's 68.36% yield.
| TTM | 2023 | |
|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 40.36% | 45.04% |
TSLY YieldMax TSLA Option Income Strategy ETF | 68.36% | 76.47% |
Drawdowns
OARK vs. TSLY - Drawdown Comparison
The maximum OARK drawdown since its inception was -27.24%, smaller than the maximum TSLY drawdown of -45.63%. Use the drawdown chart below to compare losses from any high point for OARK and TSLY. For additional features, visit the drawdowns tool.
Volatility
OARK vs. TSLY - Volatility Comparison
The current volatility for YieldMax Innovation Option Income Strategy ETF (OARK) is 10.48%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 20.35%. This indicates that OARK 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.