TLA vs. ACII

Last updated Jun 6, 2026

TLA (GraniteShares Autocallable TSLA ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. TLA charges 1.07%/yr vs 0.79%/yr for ACII.

Performance

TLA vs. ACII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Autocallable TSLA ETF (TLA) and Innovator Index Autocallable Income Strategy ETF (ACII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLA

• 1D: -1.25%
• 1M: 0.17%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACII

• 1D: -0.35%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLA vs. ACII - Yearly Performance Comparison

	2026 (YTD)
TLA GraniteShares Autocallable TSLA ETF	-1.76%
ACII Innovator Index Autocallable Income Strategy ETF	-0.98%

Correlation

The correlation between TLA and ACII is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.09

Return for Risk

TLA vs. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) and Innovator Index Autocallable Income Strategy ETF (ACII). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TLA	ACII	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	-4.79	+5.60

Drawdowns

TLA vs. ACII - Drawdown Comparison

The maximum TLA drawdown since its inception was -5.44%, which is greater than ACII's maximum drawdown of -1.27%. Use the drawdown chart below to compare losses from any high point for TLA and ACII.

Drawdown Indicators

	TLA	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-5.44%	-1.27%	-4.17%
Current Drawdown Current decline from peak	-1.79%	-1.15%	-0.64%
Average Drawdown Average peak-to-trough decline	-1.34%	-0.61%	-0.73%

Volatility

Volatility by Period

	TLA	ACII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	7.74%	+6.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	7.74%	+6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	7.74%	+6.68%

TLA vs. ACII - Expense Ratio Comparison

TLA has a 1.07% expense ratio, which is higher than ACII's 0.79% expense ratio.

Dividends

TLA vs. ACII - Dividend Comparison

TLA's dividend yield for the trailing twelve months is around 6.55%, more than ACII's 0.74% yield.

Position	TTM
ACII Innovator Index Autocallable Income Strategy ETF	0.74%
TLA GraniteShares Autocallable TSLA ETF	6.55%

Frequently Asked Questions

Can I hold both TLA and ACII in my portfolio?

TLA and ACII have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLA or ACII?

On fees, ACII is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLA or ACII?

ACII is cheaper with a 0.79% expense ratio, compared with 1.07% for TLA.

Which ETF pays a higher dividend yield, TLA or ACII?

TLA has the higher dividend yield at 6.55%, compared with 0.74% for ACII.

What is the main difference between TLA and ACII?

They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.07% for TLA and 0.79% for ACII.