TLA vs. TSLY
TLA (GraniteShares Autocallable TSLA ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - TLA is a Derivative Income fund actively managed by GraniteShares, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Their correlation of 0.88 means they have usually moved in the same direction. Both charge a 1.07% expense ratio.
Performance
TLA vs. TSLY - Performance Comparison
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Returns By Period
TLA
- 1D
- 0.68%
- 1M
- -7.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSLY
- 1D
- 0.62%
- 1M
- -18.26%
- 6M
- -22.89%
- YTD
- -24.18%
- 1Y
- 7.14%
- 3Y*
- -0.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.43K | $70.64K | $69.71K | |
| $13.88M | $12.88M | $17.43M |
TLA vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | -2.43% |
TSLY YieldMax TSLA Option Income Strategy ETF | -21.87% |
Correlation
The correlation between TLA and TSLY is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026 | 0.88 |
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Return for Risk
TLA vs. TSLY — Risk / Return Rank
TLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLY
TLA vs. TSLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) 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.
| TLA | TSLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.06 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.18 | — |
| Martin ratioReturn relative to average drawdown | — | 0.52 | — |
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Drawdowns
TLA vs. TSLY - Drawdown Comparison
The maximum TLA drawdown since its inception was -11.80%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TLA and TSLY.
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Drawdown Indicators
| TLA | TSLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.80% | -49.52% | +37.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.78% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.52% | — |
Current DrawdownCurrent decline from peak | -8.79% | -29.10% | +20.31% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -19.79% | +18.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.80% | — |
Volatility
TLA vs. TSLY - Volatility Comparison
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Volatility by Period
| TLA | TSLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 38.29% | -21.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 46.00% | -29.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 46.00% | -29.37% |
TLA vs. TSLY - Expense Ratio Comparison
Both TLA and TSLY have an expense ratio of 1.07%.
Dividends
TLA vs. TSLY - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 8.86%, less than TSLY's 111.92% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TLA GraniteShares Autocallable TSLA ETF | 8.86% | 0.00% | 0.00% | 0.00% |
TSLY YieldMax TSLA Option Income Strategy ETF | 111.92% | 91.19% | 82.30% | 76.47% |
Frequently Asked Questions
TLA and TSLY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TLA and TSLY have the same expense ratio: 1.07% per year.
TSLY has the higher dividend yield at 111.92%, compared with 8.86% for TLA.
TLA is categorized as Derivative Income, while TSLY is Options Trading. They also come from different issuers: GraniteShares and YieldMax.
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