TSLP vs. TSLW

Last updated Jun 4, 2026

TSLP (Kurv Yield Premium Strategy Tesla ETF) and TSLW (Roundhill TSLA WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, TSLP returned 15.63% vs 20.22% for TSLW. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

TSLP vs. TSLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Tesla ETF (TSLP) and Roundhill TSLA WeeklyPay™ ETF (TSLW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLP achieves a -8.72% return, which is significantly higher than TSLW's -9.26% return.

TSLP

• 1D: 0.04%
• 1M: 7.73%
• YTD: -8.72%
• 6M: -8.30%
• 1Y: 15.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLW

• 1D: -0.18%
• 1M: 9.09%
• YTD: -9.26%
• 6M: -9.14%
• 1Y: 20.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLP vs. TSLW - Yearly Performance Comparison

	2026 (YTD)	2025
TSLP Kurv Yield Premium Strategy Tesla ETF	-8.72%	27.28%
TSLW Roundhill TSLA WeeklyPay™ ETF	-9.26%	33.77%

Correlation

The correlation between TSLP and TSLW is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 3, 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.

Return for Risk

TSLP vs. TSLW — Risk / Return Rank

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

TSLP

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

TSLW

TSLW Risk / Return Rank: 15
TSLW Sharpe Ratio Rank: 14
TSLW Sortino Ratio Rank: 17
TSLW Omega Ratio Rank: 17
TSLW Calmar Ratio Rank: 16
TSLW Martin Ratio Rank: 15

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.

TSLP vs. TSLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla 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.

	TSLP	TSLW	Difference
Sharpe ratio: Return per unit of total volatility	0.37	0.37	0.00
Sortino ratio: Return per unit of downside risk	0.76	0.87	-0.10
Omega ratio: Gain probability vs. loss probability	1.10	1.11	-0.01
Calmar ratio: Return relative to maximum drawdown	0.49	0.57	-0.08
Martin ratio: Return relative to average drawdown	1.20	1.29	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLP vs. TSLW - Sharpe Ratio Comparison

The current TSLP Sharpe Ratio is 0.37, which is comparable to the TSLW Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of TSLP and TSLW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLP	TSLW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.37	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.39	+0.07

Drawdowns

TSLP vs. TSLW - Drawdown Comparison

The maximum TSLP drawdown since its inception was -46.00%, which is greater than TSLW's maximum drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for TSLP and TSLW.

Drawdown Indicators

	TSLP	TSLW	Difference
Max Drawdown Largest peak-to-trough decline	-46.00%	-35.80%	-10.20%
Max Drawdown (1Y) Largest decline over 1 year	-32.00%	-35.80%	+3.80%
Current Drawdown Current decline from peak	-15.68%	-18.23%	+2.55%
Average Drawdown Average peak-to-trough decline	-15.73%	-12.88%	-2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.16%	15.77%	-2.61%

Volatility

TSLP vs. TSLW - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Tesla ETF (TSLP) is 12.75%, while Roundhill TSLA WeeklyPay™ ETF (TSLW) has a volatility of 14.56%. 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.

Volatility by Period

	TSLP	TSLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.75%	14.56%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	28.48%	32.83%	-4.35%
Volatility (1Y) Calculated over the trailing 1-year period	42.87%	55.52%	-12.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.60%	55.52%	-6.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.60%	55.52%	-6.92%

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 30.32%, less than TSLW's 84.61% yield.

Position	TTM	2025	2024	2023
TSLP Kurv Yield Premium Strategy Tesla ETF	30.32%	31.05%	21.82%	4.39%
TSLW Roundhill TSLA WeeklyPay™ ETF	84.61%	49.31%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLP and TSLW in my portfolio?

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.

Which is riskier, TSLP or TSLW?

TSLW has higher volatility (14.56%) compared to TSLP (12.75%). In terms of maximum drawdown, TSLP dropped -46.00% vs TSLW's -35.80%.

Which ETF is better, TSLP or TSLW?

On 1-year performance, TSLW leads with 20.22% vs 15.63% for TSLP. Both ETFs have the same 0.99% expense ratio. On volatility, TSLP has been the lower-risk option at 12.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLP or TSLW?

Over the 1-year period, TSLW has performed better with a 20.22% return vs 15.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLP or TSLW?

TSLP and TSLW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, TSLP or TSLW?

TSLW has the higher dividend yield at 84.61%, compared with 30.32% for TSLP.

What is the main difference between TSLP and TSLW?

They also come from different issuers: Kurv and Roundhill.

Which has better risk-adjusted returns?

TSLP currently has the higher Sharpe Ratio (0.37 vs 0.37), 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.