TSLP vs. TSLY

Last updated Apr 1, 2026

Compare and contrast key facts about Kurv Yield Premium Strategy Tesla ETF (TSLP) and YieldMax TSLA Option Income Strategy ETF (TSLY).

TSLP and TSLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLP is an actively managed fund by Kurv. It was launched on Oct 26, 2023. TSLY is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.

Performance

TSLP vs. TSLY - Performance Comparison

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

TSLP vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLP Kurv Yield Premium Strategy Tesla ETF	-19.02%	9.77%	41.53%	18.42%
TSLY YieldMax TSLA Option Income Strategy ETF	-10.58%	13.62%	27.83%	16.12%

Returns By Period

In the year-to-date period, TSLP achieves a -19.02% return, which is significantly lower than TSLY's -10.58% return.

TSLP

• 1D: 5.94%
• 1M: -8.81%
• YTD: -19.02%
• 6M: -15.84%
• 1Y: 30.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLY

• 1D: 4.28%
• 1M: -4.61%
• YTD: -10.58%
• 6M: -7.92%
• 1Y: 50.14%
• 3Y*: 11.46%
• 5Y*: —
• 10Y*: —

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

TSLP vs. TSLY - Expense Ratio Comparison

Both TSLP and TSLY have an expense ratio of 0.99%.

TSLP

Kurv Yield Premium Strategy Tesla ETF

TSLY

YieldMax TSLA Option Income Strategy ETF

Return for Risk

TSLP vs. TSLY — Risk / Return Rank

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

TSLP

TSLP Risk / Return Rank: 38
TSLP Sharpe Ratio Rank: 36
TSLP Sortino Ratio Rank: 44
TSLP Omega Ratio Rank: 39
TSLP Calmar Ratio Rank: 40
TSLP Martin Ratio Rank: 33

TSLY

TSLY Risk / Return Rank: 70
TSLY Sharpe Ratio Rank: 68
TSLY Sortino Ratio Rank: 70
TSLY Omega Ratio Rank: 64
TSLY Calmar Ratio Rank: 86
TSLY Martin Ratio Rank: 64

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. TSLY - Risk-Adjusted Trends Comparison

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

	TSLP	TSLY	Difference
Sharpe ratio Return per unit of total volatility	0.63	1.14	-0.51
Sortino ratio Return per unit of downside risk	1.16	1.68	-0.52
Omega ratio Gain probability vs. loss probability	1.15	1.22	-0.07
Calmar ratio Return relative to maximum drawdown	0.95	2.46	-1.50
Martin ratio Return relative to average drawdown	2.76	5.91	-3.16
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. TSLY - Sharpe Ratio Comparison

The current TSLP Sharpe Ratio is 0.63, which is lower than the TSLY Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of TSLP and TSLY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSLP	TSLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	1.14	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.25	+0.12

Correlation

The correlation between TSLP and TSLY is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TSLP vs. TSLY - Dividend Comparison

TSLP's dividend yield for the trailing twelve months is around 32.14%, less than TSLY's 97.66% yield.

	TTM	2025	2024	2023
TSLP Kurv Yield Premium Strategy Tesla ETF	32.14%	31.05%	21.82%	4.39%
TSLY YieldMax TSLA Option Income Strategy ETF	97.66%	91.19%	82.30%	76.47%

Drawdowns

TSLP vs. TSLY - Drawdown Comparison

The maximum TSLP drawdown since its inception was -46.00%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TSLP and TSLY.

Drawdown Indicators

	TSLP	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-46.00%	-49.52%	+3.52%
Max Drawdown (1Y) Largest decline over 1 year	-29.39%	-19.82%	-9.57%
Current Drawdown Current decline from peak	-25.19%	-16.39%	-8.80%
Average Drawdown Average peak-to-trough decline	-15.36%	-20.40%	+5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.17%	8.23%	+1.94%

Volatility

TSLP vs. TSLY - Volatility Comparison

Kurv Yield Premium Strategy Tesla ETF (TSLP) has a higher volatility of 12.83% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 9.88%. This indicates that TSLP'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.

Volatility by Period

	TSLP	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.83%	9.88%	+2.95%
Volatility (6M) Calculated over the trailing 6-month period	28.17%	24.59%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	47.99%	44.24%	+3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.94%	46.07%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.94%	46.07%	+2.87%