ODTE vs. TSMY
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 0.99%/yr for TSMY.
Performance
ODTE vs. TSMY - Performance Comparison
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Returns By Period
ODTE
- 1D
- -3.53%
- 1M
- -1.06%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMY
- 1D
- 2.63%
- 1M
- 3.63%
- YTD
- 33.84%
- 6M
- 34.32%
- 1Y
- 82.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ODTE vs. TSMY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 9.10% |
TSMY YieldMax TSM Option Income Strategy ETF | 21.40% |
Correlation
The correlation between ODTE and TSMY is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 6, 2026 | 0.52 |
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Return for Risk
ODTE vs. TSMY — Risk / Return Rank
ODTE
TSMY
ODTE vs. TSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) and YieldMax TSM Option Income Strategy ETF (TSMY). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ODTE | TSMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.46 | 1.47 | +2.99 |
Drawdowns
ODTE vs. TSMY - Drawdown Comparison
The maximum ODTE drawdown since its inception was -3.86%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for ODTE and TSMY.
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Drawdown Indicators
| ODTE | TSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.86% | -31.15% | +27.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.50% | — |
Current DrawdownCurrent decline from peak | -3.86% | -3.67% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -5.49% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.19% | — |
Volatility
ODTE vs. TSMY - Volatility Comparison
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Volatility by Period
| ODTE | TSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 29.66% | -14.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 33.49% | -18.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 33.49% | -18.82% |
ODTE vs. TSMY - Expense Ratio Comparison
ODTE has a 0.76% expense ratio, which is lower than TSMY's 0.99% expense ratio.
Dividends
ODTE vs. TSMY - Dividend Comparison
ODTE's dividend yield for the trailing twelve months is around 2.19%, less than TSMY's 54.79% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 2.19% | 0.00% | 0.00% |
TSMY YieldMax TSM Option Income Strategy ETF | 54.79% | 56.76% | 13.71% |
Frequently Asked Questions
ODTE and TSMY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ODTE is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ODTE is cheaper with a 0.76% expense ratio, compared with 0.99% for TSMY.
TSMY has the higher dividend yield at 54.79%, compared with 2.19% for ODTE.
They also come from different issuers: VegaShares and YieldMax. Their fees differ too: 0.76% for ODTE and 0.99% for TSMY.
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