TSL vs. TSLY
TSL (GraniteShares 1.25x Long Tsla Daily ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - TSL is a Leveraged Equities fund actively managed by GraniteShares, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past 3 years, TSL returned -2.52%/yr vs -0.29%/yr for TSLY. Their 0.97 correlation means they have historically moved very closely together. TSL charges 1.15%/yr vs 1.07%/yr for TSLY.
Performance
TSL vs. TSLY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSL achieves a -39.23% return, which is significantly lower than TSLY's -24.18% return.
TSL
- 1D
- 1.55%
- 1M
- -26.02%
- 6M
- -35.54%
- YTD
- -39.23%
- 1Y
- -3.12%
- 3Y*
- -2.52%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.10%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.38M | $7.88M | $12.96M | |
| $13.88M | $12.88M | $17.43M |
TSL vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | -39.23% | 3.49% | 64.12% | 113.79% | -34.35% |
TSLY YieldMax TSLA Option Income Strategy ETF | -24.18% | 13.62% | 27.83% | 50.69% | -27.09% |
Correlation
The correlation between TSL 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 (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.97 |
The correlation between TSL and TSLY has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSL vs. TSLY — Risk / Return Rank
TSL
TSLY
TSL vs. TSLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) 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.
| TSL | TSLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.18 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.27 | 0.52 | -0.79 |
Loading charts...
Drawdowns
TSL vs. TSLY - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TSL and TSLY.
Loading charts...
Drawdown Indicators
| TSL | TSLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.52% | -49.52% | -25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -31.78% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -63.30% | -49.52% | -13.78% |
Current DrawdownCurrent decline from peak | -49.63% | -29.10% | -20.53% |
Average DrawdownAverage peak-to-trough decline | -38.51% | -19.79% | -18.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 10.80% | +8.84% |
Volatility
TSL vs. TSLY - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 26.08% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 18.70%. This indicates that TSL'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.
Loading charts...
Volatility by Period
| TSL | TSLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.08% | 18.70% | +7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 43.45% | 29.69% | +13.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.86% | 38.29% | +19.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.45% | 46.00% | +27.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.45% | 46.00% | +27.45% |
TSL vs. TSLY - Expense Ratio Comparison
TSL has a 1.15% expense ratio, which is higher than TSLY's 1.07% expense ratio.
Dividends
TSL vs. TSLY - Dividend Comparison
TSL has not paid dividends to shareholders, while TSLY's dividend yield for the trailing twelve months is around 111.92%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 0.00% | 60.47% |
TSLY YieldMax TSLA Option Income Strategy ETF | 111.92% | 91.19% | 82.30% | 76.47% |
Frequently Asked Questions
With a correlation of 0.99, TSL 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.
TSL has higher volatility (26.08%) compared to TSLY (18.70%). In terms of maximum drawdown, TSL dropped -74.52% vs TSLY's -49.52%.
On 3-year performance, TSLY leads with -0.29% vs -2.52% for TSL. On fees, TSLY is cheaper at 1.07% 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.
Over the 3-year period, TSLY has performed better with a -0.29% return vs -2.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLY is cheaper with a 1.07% expense ratio, compared with 1.15% for TSL.
TSLY has the higher dividend yield at 111.92%, compared with 0.00% for TSL.
TSL is categorized as Leveraged Equities, while TSLY is Options Trading. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.15% for TSL and 1.07% for TSLY.
TSLY currently has the higher Sharpe Ratio (0.15 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.
Find the right allocation for TSL and TSLY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer