TLA vs. TSMY
TLA (GraniteShares Autocallable TSLA ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. TLA charges 1.07%/yr vs 1.01%/yr for TSMY.
Performance
TLA vs. TSMY - Performance Comparison
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Returns By Period
TLA
- 1D
- 0.68%
- 1M
- -7.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSMY
- 1D
- 0.66%
- 1M
- -4.22%
- 6M
- 21.94%
- YTD
- 30.47%
- 1Y
- 60.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 42.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.43K | $70.64K | $69.71K | |
| $2.14M | $3.13M | $3.04M |
TLA vs. TSMY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TLA GraniteShares Autocallable TSLA ETF | -2.43% |
TSMY YieldMax TSM Option Income Strategy ETF | 18.67% |
Correlation
The correlation between TLA and TSMY is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026 | 0.55 |
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Return for Risk
TLA vs. TSMY — Risk / Return Rank
TLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSMY
TLA vs. TSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable TSLA ETF (TLA) and YieldMax TSM Option Income Strategy ETF (TSMY). 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 | TSMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.20 | — |
| Martin ratioReturn relative to average drawdown | — | 10.72 | — |
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Drawdowns
TLA vs. TSMY - Drawdown Comparison
The maximum TLA drawdown since its inception was -11.80%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for TLA and TSMY.
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Drawdown Indicators
| TLA | TSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.80% | -31.15% | +19.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.86% | — |
Current DrawdownCurrent decline from peak | -8.79% | -11.66% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -5.63% | +3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.33% | — |
Volatility
TLA vs. TSMY - Volatility Comparison
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Volatility by Period
| TLA | TSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.63% | 33.77% | -17.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 34.64% | -18.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 34.64% | -18.01% |
TLA vs. TSMY - Expense Ratio Comparison
TLA has a 1.07% expense ratio, which is higher than TSMY's 1.01% expense ratio.
Dividends
TLA vs. TSMY - Dividend Comparison
TLA's dividend yield for the trailing twelve months is around 8.86%, less than TSMY's 58.31% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TLA GraniteShares Autocallable TSLA ETF | 8.86% | 0.00% | 0.00% |
TSMY YieldMax TSM Option Income Strategy ETF | 58.31% | 56.76% | 13.71% |
Frequently Asked Questions
TLA and TSMY have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSMY is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSMY is cheaper with a 1.01% expense ratio, compared with 1.07% for TLA.
TSMY has the higher dividend yield at 58.31%, compared with 8.86% for TLA.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for TLA and 1.01% for TSMY.
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