TSLP vs. YMAG

Last updated Jun 4, 2026

TSLP (Kurv Yield Premium Strategy Tesla ETF) and YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) are both exchange-traded funds - TSLP is a Derivative Income fund actively managed by Kurv, while YMAG is a Large Cap Blend Equities fund actively managed by YieldMax. Both are actively managed. Over the past year, TSLP returned 15.63% vs 27.02% for YMAG. A 0.70 correlation means they provide meaningful diversification when combined. TSLP charges 0.99%/yr vs 1.28%/yr for YMAG.

Performance

TSLP vs. YMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Tesla ETF (TSLP) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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 lower than YMAG's 3.80% return.

TSLP

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

YMAG

• 1D: -0.86%
• 1M: 2.07%
• YTD: 3.80%
• 6M: 4.38%
• 1Y: 27.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLP vs. YMAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLP Kurv Yield Premium Strategy Tesla ETF	-8.72%	9.77%	79.09%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	3.80%	18.64%	36.05%

Correlation

The correlation between TSLP and YMAG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.70

The correlation between TSLP and YMAG has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Return for Risk

TSLP vs. YMAG — 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

YMAG

YMAG Risk / Return Rank: 43
YMAG Sharpe Ratio Rank: 47
YMAG Sortino Ratio Rank: 44
YMAG Omega Ratio Rank: 44
YMAG Calmar Ratio Rank: 37
YMAG Martin Ratio Rank: 41

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. YMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla ETF (TSLP) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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	YMAG	Difference
Sharpe ratio: Return per unit of total volatility	0.37	1.68	-1.31
Sortino ratio: Return per unit of downside risk	0.76	2.27	-1.51
Omega ratio: Gain probability vs. loss probability	1.10	1.29	-0.19
Calmar ratio: Return relative to maximum drawdown	0.49	1.89	-1.40
Martin ratio: Return relative to average drawdown	1.20	6.63	-5.44
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. YMAG - Sharpe Ratio Comparison

The current TSLP Sharpe Ratio is 0.37, which is lower than the YMAG Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of TSLP and YMAG, 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	YMAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	1.68	-1.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	1.19	-0.73

Drawdowns

TSLP vs. YMAG - Drawdown Comparison

The maximum TSLP drawdown since its inception was -46.00%, which is greater than YMAG's maximum drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for TSLP and YMAG.

Drawdown Indicators

	TSLP	YMAG	Difference
Max Drawdown Largest peak-to-trough decline	-46.00%	-25.96%	-20.04%
Max Drawdown (1Y) Largest decline over 1 year	-32.00%	-14.38%	-17.62%
Current Drawdown Current decline from peak	-15.68%	-2.71%	-12.97%
Average Drawdown Average peak-to-trough decline	-15.73%	-4.52%	-11.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.16%	4.08%	+9.08%

Volatility

TSLP vs. YMAG - Volatility Comparison

Kurv Yield Premium Strategy Tesla ETF (TSLP) has a higher volatility of 12.75% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 3.67%. This indicates that TSLP's price experiences larger fluctuations and is considered to be riskier than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLP	YMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.75%	3.67%	+9.08%
Volatility (6M) Calculated over the trailing 6-month period	28.48%	11.52%	+16.96%
Volatility (1Y) Calculated over the trailing 1-year period	42.87%	16.19%	+26.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.60%	20.88%	+27.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.60%	20.88%	+27.72%

TSLP vs. YMAG - Expense Ratio Comparison

TSLP has a 0.99% expense ratio, which is lower than YMAG's 1.28% expense ratio.

Dividends

TSLP vs. YMAG - Dividend Comparison

TSLP's dividend yield for the trailing twelve months is around 30.32%, less than YMAG's 52.16% yield.

Position	TTM	2025	2024	2023
TSLP Kurv Yield Premium Strategy Tesla ETF	30.32%	31.05%	21.82%	4.39%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	52.16%	52.27%	35.22%	0.00%

Frequently Asked Questions

Can I hold both TSLP and YMAG in my portfolio?

TSLP and YMAG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLP or YMAG?

TSLP has higher volatility (12.75%) compared to YMAG (3.67%). In terms of maximum drawdown, TSLP dropped -46.00% vs YMAG's -25.96%.

Which ETF is better, TSLP or YMAG?

On 1-year performance, YMAG leads with 27.02% vs 15.63% for TSLP. On fees, TSLP is cheaper at 0.99% per year. On volatility, YMAG has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLP or YMAG?

Over the 1-year period, YMAG has performed better with a 27.02% 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 YMAG?

TSLP is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAG.

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

YMAG has the higher dividend yield at 52.16%, compared with 30.32% for TSLP.

What is the main difference between TSLP and YMAG?

TSLP is categorized as Derivative Income, while YMAG is Large Cap Blend Equities. They also come from different issuers: Kurv and YieldMax. Their fees differ too: 0.99% for TSLP and 1.28% for YMAG.

Which has better risk-adjusted returns?

YMAG currently has the higher Sharpe Ratio (1.68 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.