PNNT vs. TSLY
PNNT (PennantPark Investment Corporation) is a stock, while TSLY (YieldMax TSLA Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax. Over the past 3 years, PNNT returned 0.38%/yr vs 10.28%/yr for TSLY. At a 0.26 correlation, their price movements are largely independent.
Performance
PNNT vs. TSLY - Performance Comparison
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Returns By Period
In the year-to-date period, PNNT achieves a -29.84% return, which is significantly lower than TSLY's -5.22% return.
PNNT
- 1D
- 1.58%
- 1M
- -8.53%
- YTD
- -29.84%
- 6M
- -27.65%
- 1Y
- -33.82%
- 3Y*
- 0.38%
- 5Y*
- 0.83%
- 10Y*
- 7.07%
TSLY
- 1D
- 1.66%
- 1M
- -6.99%
- YTD
- -5.22%
- 6M
- -7.03%
- 1Y
- 29.62%
- 3Y*
- 10.28%
- 5Y*
- —
- 10Y*
- —
PNNT vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | -29.84% | -2.96% | 16.56% | 37.25% | -6.08% |
TSLY YieldMax TSLA Option Income Strategy ETF | -5.22% | 13.62% | 27.83% | 50.69% | -27.09% |
Correlation
The correlation between PNNT and TSLY is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.26 |
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Return for Risk
PNNT vs. TSLY — Risk / Return Rank
PNNT
TSLY
PNNT vs. TSLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PennantPark Investment Corporation (PNNT) 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.
| PNNT | TSLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.16 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.38 | -2.17 |
| Martin ratioReturn relative to average drawdown | -1.65 | 3.27 | -4.91 |
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Drawdowns
PNNT vs. TSLY - Drawdown Comparison
The maximum PNNT drawdown since its inception was -82.16%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for PNNT and TSLY.
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Drawdown Indicators
| PNNT | TSLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -49.52% | -32.64% |
Max Drawdown (1Y)Largest decline over 1 year | -42.61% | -21.64% | -20.97% |
Max Drawdown (3Y)Largest decline over 3 years | -42.61% | -49.52% | +6.91% |
Max Drawdown (5Y)Largest decline over 5 years | -42.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.14% | — | — |
Current DrawdownCurrent decline from peak | -40.28% | -11.38% | -28.90% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -19.92% | +4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 9.09% | +11.49% |
Volatility
PNNT vs. TSLY - Volatility Comparison
The current volatility for PennantPark Investment Corporation (PNNT) is 9.97%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 12.68%. This indicates that PNNT 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
| PNNT | TSLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 12.68% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 23.95% | 23.97% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.06% | 35.92% | -8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 45.59% | -21.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.76% | 45.59% | -12.83% |
Dividends
PNNT vs. TSLY - Dividend Comparison
PNNT's dividend yield for the trailing twelve months is around 24.94%, less than TSLY's 83.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 24.94% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
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
PNNT and TSLY have a correlation of 0.20, 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 PNNT (9.97%). In terms of maximum drawdown, PNNT dropped -82.16% vs TSLY's -49.52%.
TSLY currently has the higher Sharpe Ratio (0.83 vs -1.25), 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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