TSLP vs. TSLW
TSLP (Kurv Yield Premium Strategy Tesla (TSLA) ETF) and TSLW (Roundhill TSLA WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, TSLP returned -7.57% vs 0.23% for TSLW. Their 0.98 correlation means they have historically moved very closely together. Both charge a 0.99% expense ratio.
Performance
TSLP vs. TSLW - Performance Comparison
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Returns By Period
In the year-to-date period, TSLP achieves a -33.74% return, which is significantly higher than TSLW's -35.84% return.
TSLP
- 1D
- 2.15%
- 1M
- -20.78%
- 6M
- -29.23%
- YTD
- -33.74%
- 1Y
- -7.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.40%
TSLW
- 1D
- 3.76%
- 1M
- -22.34%
- 6M
- -30.32%
- YTD
- -35.84%
- 1Y
- 0.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $224.56K | $262.54K | $283.37K | |
| $2.00M | $1.70M | $2.68M |
TSLP vs. TSLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLP Kurv Yield Premium Strategy Tesla (TSLA) ETF | -33.74% | 26.70% |
TSLW Roundhill TSLA WeeklyPay™ ETF | -35.84% | 35.28% |
Correlation
The correlation between TSLP and TSLW is 0.98 - 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. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025 | 0.98 |
The correlation between TSLP and TSLW has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
TSLP vs. TSLW — Risk / Return Rank
TSLP
TSLW
TSLP vs. TSLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla (TSLA) ETF (TSLP) and Roundhill TSLA WeeklyPay™ ETF (TSLW). 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.
| TSLP | TSLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.05 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.00 | -0.18 |
| Martin ratioReturn relative to average drawdown | -0.46 | 0.01 | -0.47 |
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Drawdowns
TSLP vs. TSLW - Drawdown Comparison
The maximum TSLP drawdown since its inception was -46.00%, roughly equal to the maximum TSLW drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for TSLP and TSLW.
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Drawdown Indicators
| TSLP | TSLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -47.19% | +1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -42.53% | -47.19% | +4.66% |
Current DrawdownCurrent decline from peak | -38.79% | -42.18% | +3.39% |
Average DrawdownAverage peak-to-trough decline | -16.29% | -15.02% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.67% | 19.19% | -2.52% |
Volatility
TSLP vs. TSLW - Volatility Comparison
The current volatility for Kurv Yield Premium Strategy Tesla (TSLA) ETF (TSLP) is 21.72%, while Roundhill TSLA WeeklyPay™ ETF (TSLW) has a volatility of 24.21%. This indicates that TSLP experiences smaller price fluctuations and is considered to be less risky than TSLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLP | TSLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.72% | 24.21% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 37.69% | 41.69% | -4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.54% | 55.59% | -10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.01% | 58.84% | -8.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.01% | 58.84% | -8.83% |
TSLP vs. TSLW - Expense Ratio Comparison
Both TSLP and TSLW have an expense ratio of 0.99%.
Dividends
TSLP vs. TSLW - Dividend Comparison
TSLP's dividend yield for the trailing twelve months is around 37.94%, less than TSLW's 117.47% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSLP Kurv Yield Premium Strategy Tesla (TSLA) ETF | 37.94% | 31.05% | 21.82% | 4.39% |
TSLW Roundhill TSLA WeeklyPay™ ETF | 117.47% | 49.31% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, TSLP and TSLW 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.
TSLW has higher volatility (24.21%) compared to TSLP (21.72%). In terms of maximum drawdown, TSLP dropped -46.00% vs TSLW's -47.19%.
On 1-year performance, TSLW leads with 0.23% vs -7.57% for TSLP. Both ETFs have the same 0.99% expense ratio. On volatility, TSLP has been the lower-risk option at 21.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLW has performed better with a 0.23% return vs -7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLP and TSLW have the same expense ratio: 0.99% per year.
TSLW has the higher dividend yield at 117.47%, compared with 37.94% for TSLP.
They also come from different issuers: Kurv and Roundhill.
TSLW currently has the higher Sharpe Ratio (0.00 vs -0.17), 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.
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