TSLP vs. XYLD
TSLP (Kurv Yield Premium Strategy Tesla (TSLA) ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds. TSLP is actively managed, while XYLD is passively managed. Over the past year, TSLP returned -7.57% vs 19.53% for XYLD. Their 0.51 correlation means they have sometimes moved together and sometimes differently. TSLP charges 0.99%/yr vs 0.60%/yr for XYLD.
Performance
TSLP vs. XYLD - Performance Comparison
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Returns By Period
In the year-to-date period, TSLP achieves a -33.74% return, which is significantly lower than XYLD's 8.63% return.
TSLP
- 1D
- 2.15%
- 1M
- -20.78%
- 6M
- -29.23%
- YTD
- -33.74%
- 1Y
- -7.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.40%
XYLD
- 1D
- 0.53%
- 1M
- 2.36%
- 6M
- 6.99%
- YTD
- 8.63%
- 1Y
- 19.53%
- 3Y*
- 12.12%
- 5Y*
- 7.92%
- 10Y*
- 8.27%
- ALL TIME*
- 8.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $224.56K | $262.54K | $283.37K | |
| $33.43M | $34.54M | $32.48M |
TSLP vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLP Kurv Yield Premium Strategy Tesla (TSLA) ETF | -33.74% | 9.77% | 41.53% | 18.37% |
XYLD Global X S&P 500 Covered Call ETF | 8.63% | 8.02% | 19.49% | 6.17% |
Correlation
The correlation between TSLP and XYLD is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023 | 0.51 |
The correlation between TSLP and XYLD has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.
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Return for Risk
TSLP vs. XYLD — Risk / Return Rank
TSLP
XYLD
TSLP vs. XYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla (TSLA) ETF (TSLP) and Global X S&P 500 Covered Call ETF (XYLD). 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 | XYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.63 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 3.71 | -3.89 |
| Martin ratioReturn relative to average drawdown | -0.46 | 19.28 | -19.74 |
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Drawdowns
TSLP vs. XYLD - Drawdown Comparison
The maximum TSLP drawdown since its inception was -46.00%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for TSLP and XYLD.
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Drawdown Indicators
| TSLP | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.00% | -33.46% | -12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -42.53% | -5.29% | -37.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -38.79% | 0.00% | -38.79% |
Average DrawdownAverage peak-to-trough decline | -16.29% | -3.68% | -12.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.67% | 1.02% | +15.65% |
Volatility
TSLP vs. XYLD - Volatility Comparison
Kurv Yield Premium Strategy Tesla (TSLA) ETF (TSLP) has a higher volatility of 21.72% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.97%. This indicates that TSLP's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLP | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.72% | 1.97% | +19.75% |
Volatility (6M)Calculated over the trailing 6-month period | 37.69% | 5.99% | +31.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.54% | 7.10% | +38.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.01% | 11.27% | +38.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.01% | 14.16% | +35.85% |
TSLP vs. XYLD - Expense Ratio Comparison
TSLP has a 0.99% expense ratio, which is higher than XYLD's 0.60% expense ratio.
Dividends
TSLP vs. XYLD - Dividend Comparison
TSLP's dividend yield for the trailing twelve months is around 37.94%, more than XYLD's 10.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLP Kurv Yield Premium Strategy Tesla (TSLA) ETF | 37.94% | 31.05% | 21.82% | 4.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.47% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Frequently Asked Questions
TSLP and XYLD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLP has higher volatility (21.72%) compared to XYLD (1.97%). In terms of maximum drawdown, TSLP dropped -46.00% vs XYLD's -33.46%.
On 1-year performance, XYLD leads with 19.53% vs -7.57% for TSLP. On fees, XYLD is cheaper at 0.60% per year. On volatility, XYLD has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XYLD has performed better with a 19.53% return vs -7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for TSLP.
TSLP has the higher dividend yield at 37.94%, compared with 10.47% for XYLD.
They also come from different issuers: Kurv and Global X. Their fees differ too: 0.99% for TSLP and 0.60% for XYLD.
XYLD currently has the higher Sharpe Ratio (2.77 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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