TLA vs. OMAH
TLA (GraniteShares Autocallable TSLA ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. TLA charges 1.07%/yr vs 0.95%/yr for OMAH.
Performance
TLA vs. OMAH - Performance Comparison
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Returns By Period
TLA
- 1D
- 0.68%
- 1M
- -7.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
OMAH
- 1D
- -0.48%
- 1M
- 0.88%
- 6M
- 10.58%
- YTD
- 9.54%
- 1Y
- 15.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.26M | $17.24M | $16.29M | |
| $81.43K | $70.64K | $69.71K |
TLA vs. OMAH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | -2.43% |
OMAH VistaShares Target 15™ Berkshire Select Income ETF | 9.86% |
Correlation
The correlation between TLA and OMAH is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026 | -0.02 |
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Return for Risk
TLA vs. OMAH — Risk / Return Rank
TLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OMAH
TLA vs. OMAH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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.
| TLA | OMAH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.03 | — |
| Martin ratioReturn relative to average drawdown | — | 12.06 | — |
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Drawdowns
TLA vs. OMAH - Drawdown Comparison
The maximum TLA drawdown since its inception was -11.80%, roughly equal to the maximum OMAH drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for TLA and OMAH.
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Drawdown Indicators
| TLA | OMAH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.80% | -11.83% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.95% | — |
Current DrawdownCurrent decline from peak | -8.79% | -1.05% | -7.74% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -1.23% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.23% | — |
Volatility
TLA vs. OMAH - Volatility Comparison
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Volatility by Period
| TLA | OMAH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 8.40% | +8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 12.84% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 12.84% | +3.79% |
TLA vs. OMAH - Expense Ratio Comparison
TLA has a 1.07% expense ratio, which is higher than OMAH's 0.95% expense ratio.
Dividends
TLA vs. OMAH - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 8.86%, less than OMAH's 15.01% yield.
| Position | TTM | 2025 |
|---|---|---|
OMAH VistaShares Target 15™ Berkshire Select Income ETF | 15.01% | 12.86% |
TLA GraniteShares Autocallable TSLA ETF | 8.86% | 0.00% |
Frequently Asked Questions
TLA and OMAH have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OMAH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OMAH is cheaper with a 0.95% expense ratio, compared with 1.07% for TLA.
OMAH has the higher dividend yield at 15.01%, compared with 8.86% for TLA.
They also come from different issuers: GraniteShares and VistaShares. Their fees differ too: 1.07% for TLA and 0.95% for OMAH.
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