TSLT vs. TSLY

Last updated Jun 4, 2026

TSLT (T-Rex 2X Long Tesla Daily Target ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - TSLT is a Leveraged Equities fund actively managed by T-Rex, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, TSLT returned 3.78% vs 24.54% for TSLY. With a 0.98 correlation, they move nearly in lockstep. TSLT charges 1.05%/yr vs 0.99%/yr for TSLY.

Performance

TSLT vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Tesla Daily Target ETF (TSLT) and YieldMax TSLA Option Income Strategy ETF (TSLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLT achieves a -21.79% return, which is significantly lower than TSLY's -1.68% return.

TSLT

• 1D: -0.05%
• 1M: 13.53%
• YTD: -21.79%
• 6M: -22.60%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLY

• 1D: 0.10%
• 1M: 5.56%
• YTD: -1.68%
• 6M: -1.00%
• 1Y: 24.54%
• 3Y*: 15.16%
• 5Y*: —
• 10Y*: —

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

TSLT vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLT T-Rex 2X Long Tesla Daily Target ETF	-21.79%	-29.49%	54.17%	20.11%
TSLY YieldMax TSLA Option Income Strategy ETF	-1.68%	13.62%	27.83%	10.58%

Correlation

The correlation between TSLT and TSLY is 0.99 - 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	0.99
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	0.98

The correlation between TSLT and TSLY has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

TSLT vs. TSLY — Risk / Return Rank

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

TSLT

TSLT Risk / Return Rank: 11
TSLT Sharpe Ratio Rank: 9
TSLT Sortino Ratio Rank: 15
TSLT Omega Ratio Rank: 15
TSLT Calmar Ratio Rank: 9
TSLT Martin Ratio Rank: 9

TSLY

TSLY Risk / Return Rank: 21
TSLY Sharpe Ratio Rank: 19
TSLY Sortino Ratio Rank: 19
TSLY Omega Ratio Rank: 20
TSLY Calmar Ratio Rank: 24
TSLY Martin Ratio Rank: 22

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.

TSLT vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) 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.

	TSLT	TSLY	Difference
Sharpe ratio Return per unit of total volatility	0.04	0.65	-0.60
Sortino ratio Return per unit of downside risk	0.72	1.05	-0.33
Omega ratio Gain probability vs. loss probability	1.09	1.14	-0.05
Calmar ratio Return relative to maximum drawdown	0.07	1.14	-1.07
Martin ratio Return relative to average drawdown	0.14	2.75	-2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLT vs. TSLY - Sharpe Ratio Comparison

The current TSLT Sharpe Ratio is 0.04, which is lower than the TSLY Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of TSLT and TSLY, 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

	TSLT	TSLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	0.65	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.30	-0.30

Drawdowns

TSLT vs. TSLY - Drawdown Comparison

The maximum TSLT drawdown since its inception was -83.16%, which is greater than TSLY's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TSLT and TSLY.

Drawdown Indicators

	TSLT	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-49.52%	-33.64%
Max Drawdown (1Y) Largest decline over 1 year	-55.08%	-21.64%	-33.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.52%	—
Current Drawdown Current decline from peak	-62.01%	-8.07%	-53.94%
Average Drawdown Average peak-to-trough decline	-50.23%	-20.00%	-30.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.07%	9.10%	+17.97%

Volatility

TSLT vs. TSLY - Volatility Comparison

T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 24.38% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 9.96%. This indicates that TSLT'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

	TSLT	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.38%	9.96%	+14.42%
Volatility (6M) Calculated over the trailing 6-month period	54.35%	22.37%	+31.98%
Volatility (1Y) Calculated over the trailing 1-year period	92.40%	38.18%	+54.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.05%	45.50%	+71.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	117.05%	45.50%	+71.55%

TSLT vs. TSLY - Expense Ratio Comparison

TSLT has a 1.05% expense ratio, which is higher than TSLY's 0.99% expense ratio.

Dividends

TSLT vs. TSLY - Dividend Comparison

TSLT has not paid dividends to shareholders, while TSLY's dividend yield for the trailing twelve months is around 83.79%.

Position	TTM	2025	2024	2023
TSLT T-Rex 2X Long Tesla Daily Target ETF	0.00%	0.00%	0.00%	0.00%
TSLY YieldMax TSLA Option Income Strategy ETF	83.79%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both TSLT and TSLY in my portfolio?

With a correlation of 0.99, TSLT and TSLY 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, TSLT or TSLY?

TSLT has higher volatility (24.38%) compared to TSLY (9.96%). In terms of maximum drawdown, TSLT dropped -83.16% vs TSLY's -49.52%.

Which ETF is better, TSLT or TSLY?

On 1-year performance, TSLY leads with 24.54% vs 3.78% for TSLT. On fees, TSLY is cheaper at 0.99% per year. On volatility, TSLY has been the lower-risk option at 9.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLT or TSLY?

Over the 1-year period, TSLY has performed better with a 24.54% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLT or TSLY?

TSLY is cheaper with a 0.99% expense ratio, compared with 1.05% for TSLT.

Which ETF pays a higher dividend yield, TSLT or TSLY?

TSLY has the higher dividend yield at 83.79%, compared with 0.00% for TSLT.

What is the main difference between TSLT and TSLY?

TSLT is categorized as Leveraged Equities, while TSLY is Options Trading. They also come from different issuers: T-Rex and YieldMax. Their fees differ too: 1.05% for TSLT and 0.99% for TSLY.

Which has better risk-adjusted returns?

TSLY currently has the higher Sharpe Ratio (0.65 vs 0.04), 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.