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PYPY vs. TSLY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PYPY vs. TSLY - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
35.30%
47.18%
PYPY
TSLY

Returns By Period

In the year-to-date period, PYPY achieves a 44.31% return, which is significantly higher than TSLY's 19.37% return.


PYPY

YTD

44.31%

1M

5.98%

6M

35.30%

1Y

54.56%

5Y (annualized)

N/A

10Y (annualized)

N/A

TSLY

YTD

19.37%

1M

46.89%

6M

47.17%

1Y

32.37%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


PYPYTSLY
Sharpe Ratio2.120.71
Sortino Ratio2.651.24
Omega Ratio1.391.17
Calmar Ratio3.710.71
Martin Ratio10.481.77
Ulcer Index5.21%18.32%
Daily Std Dev25.78%45.52%
Max Drawdown-14.70%-45.63%
Current Drawdown0.00%-1.26%

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PYPY vs. TSLY - Expense Ratio Comparison

PYPY has a 1.01% expense ratio, which is higher than TSLY's 0.99% expense ratio.


PYPY
Yieldmax PYPL Option Income Strategy ETF
Expense ratio chart for PYPY: current value at 1.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.01%
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%

Correlation

-0.50.00.51.00.3

The correlation between PYPY and TSLY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

PYPY vs. TSLY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) 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 PYPY, currently valued at 2.12, compared to the broader market0.002.004.002.120.71
The chart of Sortino ratio for PYPY, currently valued at 2.65, compared to the broader market-2.000.002.004.006.008.0010.0012.002.651.24
The chart of Omega ratio for PYPY, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.001.391.17
The chart of Calmar ratio for PYPY, currently valued at 3.71, compared to the broader market0.005.0010.0015.003.710.85
The chart of Martin ratio for PYPY, currently valued at 10.48, compared to the broader market0.0020.0040.0060.0080.00100.0010.481.77
PYPY
TSLY

The current PYPY Sharpe Ratio is 2.12, which is higher than the TSLY Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of PYPY 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-1.000.001.002.003.00Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17
2.12
0.71
PYPY
TSLY

Dividends

PYPY vs. TSLY - Dividend Comparison

PYPY's dividend yield for the trailing twelve months is around 46.55%, less than TSLY's 66.66% yield.


TTM2023
PYPY
Yieldmax PYPL Option Income Strategy ETF
46.55%5.70%
TSLY
YieldMax TSLA Option Income Strategy ETF
66.66%76.47%

Drawdowns

PYPY vs. TSLY - Drawdown Comparison

The maximum PYPY drawdown since its inception was -14.70%, smaller than the maximum TSLY drawdown of -45.63%. Use the drawdown chart below to compare losses from any high point for PYPY and TSLY. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
PYPY
TSLY

Volatility

PYPY vs. TSLY - Volatility Comparison

The current volatility for Yieldmax PYPL Option Income Strategy ETF (PYPY) is 7.03%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 16.32%. This indicates that PYPY 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%JuneJulyAugustSeptemberOctoberNovember
7.03%
16.32%
PYPY
TSLY