TSII vs. YMAX

Last updated Jul 14, 2026

TSII (REX TSLA Growth & Income ETF) and YMAX (YieldMax Universe Fund of Option Income ETFs) are both exchange-traded funds - TSII is a Leveraged Equities fund actively managed by REX, while YMAX is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, TSII returned 24.83% vs -2.22% for YMAX. A 0.56 correlation means they provide meaningful diversification when combined. TSII charges 0.99%/yr vs 1.28%/yr for YMAX.

Performance

TSII vs. YMAX - Performance Comparison

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

Returns By Period

In the year-to-date period, TSII achieves a -15.31% return, which is significantly lower than YMAX's 2.28% return.

TSII

• 1D: -3.38%
• 1M: -4.80%
• 6M: -15.35%
• YTD: -15.31%
• 1Y: 24.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAX

• 1D: -1.26%
• 1M: 2.73%
• 6M: -0.00%
• YTD: 2.28%
• 1Y: -2.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSII vs. YMAX - Yearly Performance Comparison

	2026 (YTD)	2025
TSII REX TSLA Growth & Income ETF	-15.31%	39.41%
YMAX YieldMax Universe Fund of Option Income ETFs	2.28%	2.80%

Correlation

The correlation between TSII and YMAX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.56

The correlation between TSII and YMAX has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.

Return for Risk

TSII vs. YMAX — Risk / Return Rank

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

TSII

TSII Risk / Return Rank: 21
TSII Sharpe Ratio Rank: 21
TSII Sortino Ratio Rank: 22
TSII Omega Ratio Rank: 21
TSII Calmar Ratio Rank: 23
TSII Martin Ratio Rank: 20

YMAX

YMAX Risk / Return Rank: 8
YMAX Sharpe Ratio Rank: 8
YMAX Sortino Ratio Rank: 8
YMAX Omega Ratio Rank: 8
YMAX Calmar Ratio Rank: 8
YMAX Martin Ratio Rank: 8

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.

TSII vs. YMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX TSLA Growth & Income ETF (TSII) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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	YMAX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	-0.09	+0.66
Sortino ratio: Return per unit of downside risk	1.03	0.03	+1.00
Omega ratio: Gain probability vs. loss probability	1.12	1.00	+0.12
Calmar ratio: Return relative to maximum drawdown	0.86	-0.09	+0.94
Martin ratio: Return relative to average drawdown	1.83	-0.20	+2.03

TSII vs. YMAX - Sharpe Ratio Comparison

The current TSII Sharpe Ratio is 0.56, which is higher than the YMAX Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of TSII and YMAX, 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. YMAX - Drawdown Comparison

The maximum TSII drawdown since its inception was -29.03%, which is greater than YMAX's maximum drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for TSII and YMAX.

Drawdown Indicators

	TSII	YMAX	Difference
Max Drawdown Largest peak-to-trough decline	-29.03%	-26.13%	-2.90%
Max Drawdown (1Y) Largest decline over 1 year	-29.03%	-26.13%	-2.90%
Current Drawdown Current decline from peak	-22.60%	-9.33%	-13.27%
Average Drawdown Average peak-to-trough decline	-10.43%	-6.45%	-3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.58%	11.43%	+2.15%

Volatility

TSII vs. YMAX - Volatility Comparison

REX TSLA Growth & Income ETF (TSII) has a higher volatility of 18.14% compared to YieldMax Universe Fund of Option Income ETFs (YMAX) at 7.96%. This indicates that TSII's price experiences larger fluctuations and is considered to be riskier than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSII	YMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.14%	7.96%	+10.18%
Volatility (6M) Calculated over the trailing 6-month period	32.45%	19.94%	+12.51%
Volatility (1Y) Calculated over the trailing 1-year period	44.49%	23.81%	+20.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.08%	23.53%	+24.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.08%	23.53%	+24.55%

TSII vs. YMAX - Expense Ratio Comparison

TSII has a 0.99% expense ratio, which is lower than YMAX's 1.28% expense ratio.

Dividends

TSII vs. YMAX - Dividend Comparison

TSII's dividend yield for the trailing twelve months is around 81.05%, more than YMAX's 72.04% yield.

Position	TTM	2025	2024
TSII REX TSLA Growth & Income ETF	81.05%	32.17%	0.00%
YMAX YieldMax Universe Fund of Option Income ETFs	72.04%	78.70%	44.20%

Frequently Asked Questions

Can I hold both TSII and YMAX in my portfolio?

TSII and YMAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSII or YMAX?

TSII has higher volatility (18.14%) compared to YMAX (7.96%). In terms of maximum drawdown, TSII dropped -29.03% vs YMAX's -26.13%.

Which ETF is better, TSII or YMAX?

On 1-year performance, TSII leads with 24.83% vs -2.22% for YMAX. On fees, TSII is cheaper at 0.99% per year. On volatility, YMAX has been the lower-risk option at 7.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSII or YMAX?

Over the 1-year period, TSII has performed better with a 24.83% return vs -2.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSII or YMAX?

TSII is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAX.

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

TSII has the higher dividend yield at 81.05%, compared with 72.04% for YMAX.

What is the main difference between TSII and YMAX?

TSII is categorized as Leveraged Equities, while YMAX is Derivative Income. They also come from different issuers: REX and YieldMax. Their fees differ too: 0.99% for TSII and 1.28% for YMAX.

Which has better risk-adjusted returns?

TSII currently has the higher Sharpe Ratio (0.56 vs -0.09), 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.