TEST vs. TSLY
TEST (YieldMax TSLA Performance & Distribution Target 25 ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - TEST is a Derivative Income fund actively managed by YieldMax, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. TEST charges 1.01%/yr vs 1.07%/yr for TSLY.
Performance
TEST vs. TSLY - Performance Comparison
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Returns By Period
In the year-to-date period, TEST achieves a -6.62% return, which is significantly higher than TSLY's -7.12% return.
TEST
- 1D
- -0.70%
- 1M
- -1.77%
- 6M
- -5.23%
- YTD
- -6.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLY
- 1D
- -0.79%
- 1M
- -1.73%
- 6M
- -5.99%
- YTD
- -7.12%
- 1Y
- 25.24%
- 3Y*
- 4.08%
- 5Y*
- —
- 10Y*
- —
TEST vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEST YieldMax TSLA Performance & Distribution Target 25 ETF | -6.62% | 8.46% |
TSLY YieldMax TSLA Option Income Strategy ETF | -7.12% | 7.57% |
Correlation
The correlation between TEST and TSLY is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.99 |
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Return for Risk
TEST vs. TSLY — Risk / Return Rank
TEST
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLY
TEST vs. TSLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) 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.
| TEST | TSLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.17 | — |
| Martin ratioReturn relative to average drawdown | — | 2.68 | — |
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Drawdowns
TEST vs. TSLY - Drawdown Comparison
The maximum TEST drawdown since its inception was -23.35%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TEST and TSLY.
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Drawdown Indicators
| TEST | TSLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.35% | -49.52% | +26.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.52% | — |
Current DrawdownCurrent decline from peak | -12.75% | -13.16% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -19.73% | +9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.45% | — |
Volatility
TEST vs. TSLY - Volatility Comparison
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Volatility by Period
| TEST | TSLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 34.74% | 36.10% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.74% | 45.57% | -10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.74% | 45.57% | -10.83% |
TEST vs. TSLY - Expense Ratio Comparison
TEST has a 1.01% expense ratio, which is lower than TSLY's 1.07% expense ratio.
Dividends
TEST vs. TSLY - Dividend Comparison
TEST's dividend yield for the trailing twelve months is around 17.54%, less than TSLY's 87.84% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TEST YieldMax TSLA Performance & Distribution Target 25 ETF | 17.54% | 2.50% | 0.00% | 0.00% |
TSLY YieldMax TSLA Option Income Strategy ETF | 87.84% | 91.19% | 82.30% | 76.47% |
Frequently Asked Questions
With a correlation of 0.99, TEST and TSLY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TEST is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TEST is cheaper with a 1.01% expense ratio, compared with 1.07% for TSLY.
TSLY has the higher dividend yield at 87.84%, compared with 17.54% for TEST.
TEST is categorized as Derivative Income, while TSLY is Options Trading. Their fees differ too: 1.01% for TEST and 1.07% for TSLY.
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