PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
OARK vs. TSLY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.6

Performance

OARK vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Innovation Option Income Strategy ETF (OARK) and YieldMax TSLA Option Income Strategy ETF (TSLY). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
22.29%
61.55%
OARK
TSLY

Key characteristics

Sharpe Ratio

OARK:

0.41

TSLY:

0.82

Sortino Ratio

OARK:

0.72

TSLY:

1.37

Omega Ratio

OARK:

1.09

TSLY:

1.18

Calmar Ratio

OARK:

0.52

TSLY:

0.84

Martin Ratio

OARK:

1.29

TSLY:

2.10

Ulcer Index

OARK:

8.67%

TSLY:

18.33%

Daily Std Dev

OARK:

27.10%

TSLY:

46.72%

Max Drawdown

OARK:

-27.24%

TSLY:

-45.63%

Current Drawdown

OARK:

-5.65%

TSLY:

-7.40%

Returns By Period

In the year-to-date period, OARK achieves a 9.47% return, which is significantly lower than TSLY's 37.90% return.


OARK

YTD

9.47%

1M

3.48%

6M

22.29%

1Y

13.45%

5Y*

N/A

10Y*

N/A

TSLY

YTD

37.90%

1M

19.96%

6M

60.29%

1Y

36.18%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


OARK vs. TSLY - Expense Ratio Comparison

Both OARK and TSLY have an expense ratio of 0.99%.


OARK
YieldMax Innovation Option Income Strategy ETF
Expense ratio chart for OARK: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for TSLY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

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.


Sharpe ratio
The chart of Sharpe ratio for OARK, currently valued at 0.41, compared to the broader market0.002.004.000.410.77
The chart of Sortino ratio for OARK, currently valued at 0.72, compared to the broader market-2.000.002.004.006.008.0010.000.721.31
The chart of Omega ratio for OARK, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.001.091.17
The chart of Calmar ratio for OARK, currently valued at 0.52, compared to the broader market0.005.0010.0015.000.520.79
The chart of Martin ratio for OARK, currently valued at 1.29, compared to the broader market0.0020.0040.0060.0080.00100.001.291.97
OARK
TSLY

The current OARK Sharpe Ratio is 0.41, which is lower than the TSLY Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of OARK and TSLY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
0.41
0.77
OARK
TSLY

Dividends

OARK vs. TSLY - Dividend Comparison

OARK's dividend yield for the trailing twelve months is around 42.44%, less than TSLY's 62.82% yield.


TTM2023
OARK
YieldMax Innovation Option Income Strategy ETF
42.44%45.04%
TSLY
YieldMax TSLA Option Income Strategy ETF
62.82%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.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.65%
-7.40%
OARK
TSLY

Volatility

OARK vs. TSLY - Volatility Comparison

The current volatility for YieldMax Innovation Option Income Strategy ETF (OARK) is 7.96%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 12.15%. 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.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
7.96%
12.15%
OARK
TSLY
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab