TSL vs. XOMO

Last updated Aug 4, 2026

TSL (GraniteShares 1.25x Long Tsla Daily ETF) and XOMO (YieldMax XOM Option Income Strategy ETF) are both exchange-traded funds - TSL is a Leveraged Equities fund actively managed by GraniteShares, while XOMO is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, TSL returned 0.94% vs 29.81% for XOMO. Their -0.01 correlation means they have often moved in opposite directions in the past. TSL charges 1.15%/yr vs 1.01%/yr for XOMO.

Performance

TSL vs. XOMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 1.25x Long Tsla Daily ETF (TSL) and YieldMax XOM Option Income Strategy ETF (XOMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSL achieves a -36.68% return, which is significantly lower than XOMO's 20.15% return.

TSL

• 1D: 4.19%
• 1M: -22.91%
• 6M: -31.12%
• YTD: -36.68%
• 1Y: 0.94%
• 3Y*: 0.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -7.13%

XOMO

• 1D: -0.09%
• 1M: 10.85%
• 6M: 7.87%
• YTD: 20.15%
• 1Y: 29.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

*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)
TSL GraniteShares 1.25x Long Tsla Daily ETF	$7.63M	$7.71M	$12.52M
XOMO YieldMax XOM Option Income Strategy ETF	$559.24K	$694.66K	$715.05K

TSL vs. XOMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSL GraniteShares 1.25x Long Tsla Daily ETF	-36.68%	3.49%	64.12%	-7.69%
XOMO YieldMax XOM Option Income Strategy ETF	20.15%	6.90%	6.11%	-8.59%

Correlation

The correlation between TSL and XOMO is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.20
Correlation (All Time) Calculated using the full available price history since Aug 31, 2023	-0.01

The correlation between TSL and XOMO shifts across timeframes, from -0.20 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TSL vs. XOMO — Risk / Return Rank

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

TSL

TSL Risk / Return Rank: 13
TSL Sharpe Ratio Rank: 11
TSL Sortino Ratio Rank: 15
TSL Omega Ratio Rank: 15
TSL Calmar Ratio Rank: 11
TSL Martin Ratio Rank: 11

XOMO

XOMO Risk / Return Rank: 52
XOMO Sharpe Ratio Rank: 59
XOMO Sortino Ratio Rank: 55
XOMO Omega Ratio Rank: 57
XOMO Calmar Ratio Rank: 46
XOMO Martin Ratio Rank: 40

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.

TSL vs. XOMO - 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 XOM Option Income Strategy ETF (XOMO). 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	XOMO	Difference
Sharpe ratio: Return per unit of total volatility	0.02	1.45	-1.44
Sortino ratio: Return per unit of downside risk	0.43	1.96	-1.53
Omega ratio: Gain probability vs. loss probability	1.05	1.26	-0.21
Calmar ratio: Return relative to maximum drawdown	0.02	1.74	-1.72
Martin ratio: Return relative to average drawdown	0.05	4.35	-4.30

TSL vs. XOMO - Sharpe Ratio Comparison

The current TSL Sharpe Ratio is 0.02, which is lower than the XOMO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of TSL and XOMO, 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

TSL vs. XOMO - Drawdown Comparison

The maximum TSL drawdown since its inception was -74.52%, which is greater than XOMO's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for TSL and XOMO.

Drawdown Indicators

	TSL	XOMO	Difference
Max Drawdown Largest peak-to-trough decline	-74.52%	-18.90%	-55.62%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-17.25%	-31.13%
Max Drawdown (3Y) Largest decline over 3 years	-63.30%	—	—
Current Drawdown Current decline from peak	-47.52%	-7.65%	-39.87%
Average Drawdown Average peak-to-trough decline	-38.51%	-7.50%	-31.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.82%	6.89%	+12.93%

Volatility

TSL vs. XOMO - Volatility Comparison

GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 25.38% compared to YieldMax XOM Option Income Strategy ETF (XOMO) at 6.21%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than XOMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSL	XOMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.38%	6.21%	+19.17%
Volatility (6M) Calculated over the trailing 6-month period	43.47%	17.24%	+26.23%
Volatility (1Y) Calculated over the trailing 1-year period	57.91%	20.67%	+37.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.44%	19.19%	+54.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.44%	19.19%	+54.25%

TSL vs. XOMO - Expense Ratio Comparison

TSL has a 1.15% expense ratio, which is higher than XOMO's 1.01% expense ratio.

Dividends

TSL vs. XOMO - Dividend Comparison

TSL has not paid dividends to shareholders, while XOMO's dividend yield for the trailing twelve months is around 37.07%.

Position	TTM	2025	2024	2023
TSL GraniteShares 1.25x Long Tsla Daily ETF	0.00%	0.00%	0.00%	60.47%
XOMO YieldMax XOM Option Income Strategy ETF	37.07%	31.64%	26.94%	5.13%

Frequently Asked Questions

Can I hold both TSL and XOMO in my portfolio?

TSL and XOMO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSL or XOMO?

TSL has higher volatility (25.38%) compared to XOMO (6.21%). In terms of maximum drawdown, TSL dropped -74.52% vs XOMO's -18.90%.

Which ETF is better, TSL or XOMO?

On 1-year performance, XOMO leads with 29.81% vs 0.94% for TSL. On fees, XOMO is cheaper at 1.01% per year. On volatility, XOMO has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSL or XOMO?

Over the 1-year period, XOMO has performed better with a 29.81% return vs 0.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSL or XOMO?

XOMO is cheaper with a 1.01% expense ratio, compared with 1.15% for TSL.

Which ETF pays a higher dividend yield, TSL or XOMO?

XOMO has the higher dividend yield at 37.07%, compared with 0.00% for TSL.

What is the main difference between TSL and XOMO?

TSL is categorized as Leveraged Equities, while XOMO is Derivative Income. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.15% for TSL and 1.01% for XOMO.

Which has better risk-adjusted returns?

XOMO currently has the higher Sharpe Ratio (1.45 vs 0.02), 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.