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 0.87 suggests significant overlap in exposure. Both charge a 1.07% expense ratio.
Performance
TLA vs. TSLY - Performance Comparison
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Returns By Period
TLA
- 1D
- -1.25%
- 1M
- 0.17%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLY
- 1D
- -6.08%
- 1M
- -3.22%
- YTD
- -8.62%
- 6M
- -9.22%
- 1Y
- 39.20%
- 3Y*
- 11.45%
- 5Y*
- —
- 10Y*
- —
TLA vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | 3.78% |
TSLY YieldMax TSLA Option Income Strategy ETF | -5.89% |
Correlation
The correlation between TLA and TSLY is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026 | 0.87 |
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Return for Risk
TLA vs. TSLY — Risk / Return Rank
TLA
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TLA | TSLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.25 | +0.56 |
Drawdowns
TLA vs. TSLY - Drawdown Comparison
The maximum TLA drawdown since its inception was -5.44%, 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 | -5.44% | -49.52% | +44.08% |
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 | -1.79% | -14.56% | +12.77% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -19.98% | +18.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.90% | — |
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 | — | 11.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 38.55% | -24.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 45.58% | -31.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 45.58% | -31.16% |
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 6.55%, less than TSLY's 92.50% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TLA GraniteShares Autocallable TSLA ETF | 6.55% | 0.00% | 0.00% | 0.00% |
TSLY YieldMax TSLA Option Income Strategy ETF | 92.50% | 91.19% | 82.30% | 76.47% |
Frequently Asked Questions
TLA and TSLY have a correlation of 0.87, 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 92.50%, compared with 6.55% 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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