TLA vs. TSLY

Last updated Jul 2, 2026

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 0.86 suggests significant overlap in exposure. Both charge a 1.07% expense ratio.

Performance

TLA vs. TSLY - Performance Comparison

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

Returns By Period

TLA

• 1D: 0.05%
• 1M: 1.85%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLY

• 1D: 1.09%
• 1M: 2.44%
• 6M: -1.23%
• YTD: -1.23%
• 1Y: 42.58%
• 3Y*: 10.24%
• 5Y*: —
• 10Y*: —

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

TLA vs. TSLY - Yearly Performance Comparison

	2026 (YTD)
TLA GraniteShares Autocallable TSLA ETF	6.62%
TSLY YieldMax TSLA Option Income Strategy ETF	1.77%

Correlation

The correlation between TLA and TSLY is 0.86, 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 3, 2026	0.86

Return for Risk

TLA vs. TSLY — Risk / Return Rank

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

TLA

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

TSLY

TSLY Risk / Return Rank: 38
TSLY Sharpe Ratio Rank: 38
TSLY Sortino Ratio Rank: 37
TSLY Omega Ratio Rank: 34
TSLY Calmar Ratio Rank: 45
TSLY Martin Ratio Rank: 35

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. 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 ratio: Return per unit of total volatility	—	1.20	—
Sortino ratio: Return per unit of downside risk	—	1.72	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.98	—
Martin ratio: Return relative to average drawdown	—	4.66	—

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.

Drawdown Indicators

	TLA	TSLY	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.33%	-7.65%	+7.32%
Average Drawdown Average peak-to-trough decline	-1.33%	-19.82%	+18.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.16%	—

Volatility

Volatility by Period

	TLA	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	36.02%	-21.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	45.50%	-31.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.43%	45.50%	-31.07%

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 8.10%, less than TSLY's 84.04% yield.

Position	TTM	2025	2024	2023
TLA GraniteShares Autocallable TSLA ETF	8.10%	0.00%	0.00%	0.00%
TSLY YieldMax TSLA Option Income Strategy ETF	84.04%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both TLA and TSLY in my portfolio?

TLA and TSLY have a correlation of 0.86, 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 TSLY?

Both ETFs have the same 1.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLA or TSLY?

TLA and TSLY have the same expense ratio: 1.07% per year.

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

TSLY has the higher dividend yield at 84.04%, compared with 8.10% for TLA.

What is the main difference between TLA and TSLY?

TLA is categorized as Derivative Income, while TSLY is Options Trading. They also come from different issuers: GraniteShares and YieldMax.