TSII vs. TSLY

Last updated Aug 2, 2026

TSII (REX TSLA Growth & Income ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - TSII is a Leveraged Equities fund actively managed by REX, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, TSII returned -2.85% vs 7.14% for TSLY. Their 0.99 correlation means they have historically moved very closely together. TSII charges 0.99%/yr vs 1.07%/yr for TSLY.

Performance

TSII vs. TSLY - Performance Comparison

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

Returns By Period

In the year-to-date period, TSII achieves a -35.03% return, which is significantly lower than TSLY's -24.18% return.

TSII

• 1D: 1.37%
• 1M: -22.61%
• 6M: -32.70%
• YTD: -35.03%
• 1Y: -2.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -8.22%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSII REX TSLA Growth & Income ETF	$1.63M	$1.31M	$1.07M
TSLY YieldMax TSLA Option Income Strategy ETF	$13.88M	$12.88M	$17.43M

TSII vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025
TSII REX TSLA Growth & Income ETF	-35.03%	39.41%
TSLY YieldMax TSLA Option Income Strategy ETF	-24.18%	26.67%

Correlation

The correlation between TSII and TSLY is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.99

The correlation between TSII and TSLY has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

TSII vs. TSLY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSII

TSII Risk / Return Rank: 10
TSII Sharpe Ratio Rank: 9
TSII Sortino Ratio Rank: 11
TSII Omega Ratio Rank: 12
TSII Calmar Ratio Rank: 9
TSII Martin Ratio Rank: 9

TSLY

TSLY Risk / Return Rank: 15
TSLY Sharpe Ratio Rank: 14
TSLY Sortino Ratio Rank: 16
TSLY Omega Ratio Rank: 16
TSLY Calmar Ratio Rank: 14
TSLY Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSII vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX TSLA Growth & Income ETF (TSII) 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.

	TSII	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	0.15	-0.24
Sortino ratio: Return per unit of downside risk	0.19	0.46	-0.27
Omega ratio: Gain probability vs. loss probability	1.02	1.06	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.11	0.18	-0.28
Martin ratio: Return relative to average drawdown	-0.29	0.52	-0.81

TSII vs. TSLY - Sharpe Ratio Comparison

The current TSII Sharpe Ratio is -0.10, which is lower than the TSLY Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of TSII and TSLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSII vs. TSLY - Drawdown Comparison

The maximum TSII drawdown since its inception was -44.14%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TSII and TSLY.

Drawdown Indicators

	TSII	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-44.14%	-49.52%	+5.38%
Max Drawdown (1Y) Largest decline over 1 year	-44.14%	-31.78%	-12.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.52%	—
Current Drawdown Current decline from peak	-40.63%	-29.10%	-11.53%
Average Drawdown Average peak-to-trough decline	-11.52%	-19.79%	+8.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.75%	10.80%	+4.95%

Volatility

TSII vs. TSLY - Volatility Comparison

REX TSLA Growth & Income ETF (TSII) has a higher volatility of 24.75% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 18.70%. This indicates that TSII's price experiences larger fluctuations and is considered to be riskier than TSLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSII	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.75%	18.70%	+6.05%
Volatility (6M) Calculated over the trailing 6-month period	37.69%	29.69%	+8.00%
Volatility (1Y) Calculated over the trailing 1-year period	47.70%	38.29%	+9.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.45%	46.00%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.45%	46.00%	+4.45%

TSII vs. TSLY - Expense Ratio Comparison

TSII has a 0.99% expense ratio, which is lower than TSLY's 1.07% expense ratio.

Dividends

TSII vs. TSLY - Dividend Comparison

TSII's dividend yield for the trailing twelve months is around 109.28%, less than TSLY's 111.92% yield.

Position	TTM	2025	2024	2023
TSII REX TSLA Growth & Income ETF	109.28%	32.17%	0.00%	0.00%
TSLY YieldMax TSLA Option Income Strategy ETF	111.92%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both TSII and TSLY in my portfolio?

With a correlation of 0.99, TSII and TSLY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSII or TSLY?

TSII has higher volatility (24.75%) compared to TSLY (18.70%). In terms of maximum drawdown, TSII dropped -44.14% vs TSLY's -49.52%.

Which ETF is better, TSII or TSLY?

On 1-year performance, TSLY leads with 7.14% vs -2.85% for TSII. On fees, TSII is cheaper at 0.99% per year. On volatility, TSLY has been the lower-risk option at 18.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSII or TSLY?

Over the 1-year period, TSLY has performed better with a 7.14% return vs -2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSII or TSLY?

TSII is cheaper with a 0.99% expense ratio, compared with 1.07% for TSLY.

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

TSLY has the higher dividend yield at 111.92%, compared with 109.28% for TSII.

What is the main difference between TSII and TSLY?

TSII is categorized as Leveraged Equities, while TSLY is Options Trading. They also come from different issuers: REX and YieldMax. Their fees differ too: 0.99% for TSII and 1.07% for TSLY.

Which has better risk-adjusted returns?

TSLY currently has the higher Sharpe Ratio (0.15 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.