TLA vs. OMAH

Last updated Jun 6, 2026

TLA (GraniteShares Autocallable TSLA ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. TLA charges 1.07%/yr vs 0.95%/yr for OMAH.

Performance

TLA vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Autocallable TSLA ETF (TLA) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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*: —

OMAH

• 1D: 0.11%
• 1M: 0.07%
• YTD: 5.24%
• 6M: 5.12%
• 1Y: 12.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLA vs. OMAH - Yearly Performance Comparison

	2026 (YTD)
TLA GraniteShares Autocallable TSLA ETF	3.78%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	5.16%

Correlation

The correlation between TLA and OMAH is 0.06, 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 Feb 4, 2026	0.06

Return for Risk

TLA vs. OMAH — Risk / Return Rank

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

OMAH

OMAH Risk / Return Rank: 56
OMAH Sharpe Ratio Rank: 47
OMAH Sortino Ratio Rank: 46
OMAH Omega Ratio Rank: 45
OMAH Calmar Ratio Rank: 82
OMAH Martin Ratio Rank: 60

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.

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.

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

Sharpe Ratios by Period

	TLA	OMAH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.74	+0.07

Drawdowns

TLA vs. OMAH - Drawdown Comparison

The maximum TLA drawdown since its inception was -5.44%, smaller than the maximum OMAH drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for TLA and OMAH.

Drawdown Indicators

	TLA	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-5.44%	-11.83%	+6.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.00%	—
Current Drawdown Current decline from peak	-1.79%	-2.02%	+0.23%
Average Drawdown Average peak-to-trough decline	-1.34%	-1.26%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.22%	—

Volatility

Volatility by Period

	TLA	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	8.06%	+6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	13.18%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.42%	13.18%	+1.24%

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 6.55%, less than OMAH's 15.34% yield.

Position	TTM	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.34%	12.86%
TLA GraniteShares Autocallable TSLA ETF	6.55%	0.00%

Frequently Asked Questions

Can I hold both TLA and OMAH in my portfolio?

TLA and OMAH have a correlation of 0.06, 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 OMAH?

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.

Which ETF is cheaper, TLA or OMAH?

OMAH is cheaper with a 0.95% expense ratio, compared with 1.07% for TLA.

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

OMAH has the higher dividend yield at 15.34%, compared with 6.55% for TLA.

What is the main difference between TLA and OMAH?

They also come from different issuers: GraniteShares and VistaShares. Their fees differ too: 1.07% for TLA and 0.95% for OMAH.