SRHR vs. TSLY

Last updated Jun 23, 2026

SRHR (SRH REIT Covered Call ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - SRHR is a REIT fund actively managed by SRH, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, SRHR returned 13.29% vs 28.05% for TSLY. At a 0.26 correlation, their price movements are largely independent. SRHR charges 0.75%/yr vs 1.07%/yr for TSLY.

Performance

SRHR vs. TSLY - Performance Comparison

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

Returns By Period

In the year-to-date period, SRHR achieves a 12.82% return, which is significantly higher than TSLY's -4.77% return.

SRHR

• 1D: 0.62%
• 1M: 0.49%
• YTD: 12.82%
• 6M: 13.60%
• 1Y: 13.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLY

• 1D: 0.90%
• 1M: -3.69%
• YTD: -4.77%
• 6M: -10.96%
• 1Y: 28.05%
• 3Y*: 9.99%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SRHR vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SRHR SRH REIT Covered Call ETF	12.82%	-0.91%	3.94%	15.98%
TSLY YieldMax TSLA Option Income Strategy ETF	-4.77%	13.62%	27.83%	16.02%

Correlation

The correlation between SRHR and TSLY is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.26

The correlation between SRHR and TSLY shifts across timeframes, from 0.16 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SRHR vs. TSLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRHR

SRHR Risk / Return Rank: 30
SRHR Sharpe Ratio Rank: 29
SRHR Sortino Ratio Rank: 28
SRHR Omega Ratio Rank: 26
SRHR Calmar Ratio Rank: 33
SRHR Martin Ratio Rank: 33

TSLY

TSLY Risk / Return Rank: 24
TSLY Sharpe Ratio Rank: 23
TSLY Sortino Ratio Rank: 23
TSLY Omega Ratio Rank: 22
TSLY Calmar Ratio Rank: 27
TSLY Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRHR vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SRH REIT Covered Call ETF (SRHR) 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.

	SRHR	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.79	+0.22
Sortino ratio: Return per unit of downside risk	1.48	1.26	+0.22
Omega ratio: Gain probability vs. loss probability	1.18	1.15	+0.03
Calmar ratio: Return relative to maximum drawdown	1.60	1.30	+0.30
Martin ratio: Return relative to average drawdown	4.70	3.05	+1.66

SRHR vs. TSLY - Sharpe Ratio Comparison

The current SRHR Sharpe Ratio is 1.01, which is comparable to the TSLY Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of SRHR and TSLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SRHR vs. TSLY - Drawdown Comparison

The maximum SRHR drawdown since its inception was -18.68%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for SRHR and TSLY.

Drawdown Indicators

	SRHR	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-18.68%	-49.52%	+30.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-21.64%	+13.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.52%	—
Current Drawdown Current decline from peak	-1.86%	-10.96%	+9.10%
Average Drawdown Average peak-to-trough decline	-4.84%	-19.87%	+15.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	9.23%	-6.40%

Volatility

SRHR vs. TSLY - Volatility Comparison

The current volatility for SRH REIT Covered Call ETF (SRHR) is 4.10%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 11.47%. This indicates that SRHR 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.

Volatility by Period

	SRHR	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	11.47%	-7.37%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	23.43%	-13.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	35.81%	-22.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.82%	45.47%	-29.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.82%	45.47%	-29.65%

SRHR vs. TSLY - Expense Ratio Comparison

SRHR has a 0.75% expense ratio, which is lower than TSLY's 1.07% expense ratio.

Dividends

SRHR vs. TSLY - Dividend Comparison

SRHR's dividend yield for the trailing twelve months is around 6.29%, less than TSLY's 85.34% yield.

Position	TTM	2025	2024	2023
SRHR SRH REIT Covered Call ETF	6.29%	7.07%	6.90%	0.95%
TSLY YieldMax TSLA Option Income Strategy ETF	85.34%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both SRHR and TSLY in my portfolio?

SRHR and TSLY have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRHR or TSLY?

TSLY has higher volatility (11.47%) compared to SRHR (4.10%). In terms of maximum drawdown, SRHR dropped -18.68% vs TSLY's -49.52%.

Which ETF is better, SRHR or TSLY?

On 1-year performance, TSLY leads with 28.05% vs 13.29% for SRHR. On fees, SRHR is cheaper at 0.75% per year. On volatility, SRHR has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRHR or TSLY?

Over the 1-year period, TSLY has performed better with a 28.05% return vs 13.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRHR or TSLY?

SRHR is cheaper with a 0.75% expense ratio, compared with 1.07% for TSLY.

Which ETF pays a higher dividend yield, SRHR or TSLY?

TSLY has the higher dividend yield at 85.34%, compared with 6.29% for SRHR.

What is the main difference between SRHR and TSLY?

SRHR is categorized as REIT, while TSLY is Options Trading. They also come from different issuers: SRH and YieldMax. Their fees differ too: 0.75% for SRHR and 1.07% for TSLY.

Which has better risk-adjusted returns?

SRHR currently has the higher Sharpe Ratio (1.01 vs 0.79), 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.