TDVI vs. TSMY

Last updated Jun 4, 2026

TDVI (FT Vest Technology Dividend Target Income ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, TDVI returned 52.59% vs 92.13% for TSMY. A 0.64 correlation means they provide meaningful diversification when combined. TDVI charges 0.75%/yr vs 0.99%/yr for TSMY.

Performance

TDVI vs. TSMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Technology Dividend Target Income ETF (TDVI) and YieldMax TSM Option Income Strategy ETF (TSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDVI achieves a 30.16% return, which is significantly lower than TSMY's 37.04% return.

TDVI

• 1D: -1.77%
• 1M: 15.46%
• YTD: 30.16%
• 6M: 28.30%
• 1Y: 52.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMY

• 1D: -1.37%
• 1M: 7.48%
• YTD: 37.04%
• 6M: 39.21%
• 1Y: 92.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDVI vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDVI FT Vest Technology Dividend Target Income ETF	30.16%	24.75%	1.88%
TSMY YieldMax TSM Option Income Strategy ETF	37.04%	41.00%	8.15%

Correlation

The correlation between TDVI and TSMY is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.64

The correlation between TDVI and TSMY has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.

Return for Risk

TDVI vs. TSMY — Risk / Return Rank

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

TDVI

TDVI Risk / Return Rank: 86
TDVI Sharpe Ratio Rank: 88
TDVI Sortino Ratio Rank: 86
TDVI Omega Ratio Rank: 84
TDVI Calmar Ratio Rank: 89
TDVI Martin Ratio Rank: 83

TSMY

TSMY Risk / Return Rank: 88
TSMY Sharpe Ratio Rank: 90
TSMY Sortino Ratio Rank: 85
TSMY Omega Ratio Rank: 82
TSMY Calmar Ratio Rank: 91
TSMY Martin Ratio Rank: 91

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.

TDVI vs. TSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Technology Dividend Target Income ETF (TDVI) 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.

	TDVI	TSMY	Difference
Sharpe ratio: Return per unit of total volatility	3.00	3.21	-0.21
Sortino ratio: Return per unit of downside risk	3.94	3.86	+0.08
Omega ratio: Gain probability vs. loss probability	1.51	1.50	+0.01
Calmar ratio: Return relative to maximum drawdown	5.38	5.98	-0.60
Martin ratio: Return relative to average drawdown	17.05	22.18	-5.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDVI vs. TSMY - Sharpe Ratio Comparison

The current TDVI Sharpe Ratio is 3.00, which is comparable to the TSMY Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of TDVI and TSMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDVI	TSMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	3.21	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.67	1.56	+0.11

Drawdowns

TDVI vs. TSMY - Drawdown Comparison

The maximum TDVI drawdown since its inception was -22.08%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for TDVI and TSMY.

Drawdown Indicators

	TDVI	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-22.08%	-31.15%	+9.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-15.50%	+5.67%
Current Drawdown Current decline from peak	-1.77%	-1.37%	-0.40%
Average Drawdown Average peak-to-trough decline	-2.98%	-5.51%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	4.17%	-1.08%

Volatility

TDVI vs. TSMY - Volatility Comparison

The current volatility for FT Vest Technology Dividend Target Income ETF (TDVI) is 6.59%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 9.52%. This indicates that TDVI experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDVI	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	9.52%	-2.93%
Volatility (6M) Calculated over the trailing 6-month period	13.26%	22.68%	-9.42%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	28.87%	-11.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	33.22%	-13.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.65%	33.22%	-13.57%

TDVI vs. TSMY - Expense Ratio Comparison

TDVI has a 0.75% expense ratio, which is lower than TSMY's 0.99% expense ratio.

Dividends

TDVI vs. TSMY - Dividend Comparison

TDVI's dividend yield for the trailing twelve months is around 6.41%, less than TSMY's 52.19% yield.

Position	TTM	2025	2024	2023
TDVI FT Vest Technology Dividend Target Income ETF	6.41%	7.53%	7.90%	3.04%
TSMY YieldMax TSM Option Income Strategy ETF	52.19%	56.76%	13.71%	0.00%

Frequently Asked Questions

Can I hold both TDVI and TSMY in my portfolio?

TDVI and TSMY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDVI or TSMY?

TSMY has higher volatility (9.52%) compared to TDVI (6.59%). In terms of maximum drawdown, TDVI dropped -22.08% vs TSMY's -31.15%.

Which ETF is better, TDVI or TSMY?

On 1-year performance, TSMY leads with 92.13% vs 52.59% for TDVI. On fees, TDVI is cheaper at 0.75% per year. On volatility, TDVI has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDVI or TSMY?

Over the 1-year period, TSMY has performed better with a 92.13% return vs 52.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVI or TSMY?

TDVI is cheaper with a 0.75% expense ratio, compared with 0.99% for TSMY.

Which ETF pays a higher dividend yield, TDVI or TSMY?

TSMY has the higher dividend yield at 52.19%, compared with 6.41% for TDVI.

What is the main difference between TDVI and TSMY?

They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.75% for TDVI and 0.99% for TSMY.

Which has better risk-adjusted returns?

TSMY currently has the higher Sharpe Ratio (3.21 vs 3.00), 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.