TSLW vs. TSLY

Last updated Jul 12, 2026

TSLW (Roundhill TSLA WeeklyPay™ ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - TSLW is a Derivative Income fund actively managed by Roundhill, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, TSLW returned 28.45% vs 32.01% for TSLY. With a 0.99 correlation, they move nearly in lockstep. TSLW charges 0.99%/yr vs 1.07%/yr for TSLY.

Performance

TSLW vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill TSLA WeeklyPay™ ETF (TSLW) 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, TSLW achieves a -14.03% return, which is significantly lower than TSLY's -4.21% return.

TSLW

• 1D: 0.04%
• 1M: -0.12%
• 6M: -12.86%
• YTD: -14.03%
• 1Y: 28.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLY

• 1D: -0.04%
• 1M: 1.06%
• 6M: -3.60%
• YTD: -4.21%
• 1Y: 32.01%
• 3Y*: 7.64%
• 5Y*: —
• 10Y*: —

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

TSLW vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025
TSLW Roundhill TSLA WeeklyPay™ ETF	-14.03%	35.28%
TSLY YieldMax TSLA Option Income Strategy ETF	-4.21%	26.39%

Correlation

The correlation between TSLW 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 Jun 2, 2025	0.99

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

Return for Risk

TSLW vs. TSLY — Risk / Return Rank

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

TSLW

TSLW Risk / Return Rank: 22
TSLW Sharpe Ratio Rank: 20
TSLW Sortino Ratio Rank: 24
TSLW Omega Ratio Rank: 22
TSLW Calmar Ratio Rank: 23
TSLW Martin Ratio Rank: 20

TSLY

TSLY Risk / Return Rank: 32
TSLY Sharpe Ratio Rank: 31
TSLY Sortino Ratio Rank: 31
TSLY Omega Ratio Rank: 30
TSLY Calmar Ratio Rank: 37
TSLY Martin Ratio Rank: 31

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.

TSLW vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) 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.

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.

	TSLW	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.93	-0.36
Sortino ratio: Return per unit of downside risk	1.12	1.42	-0.30
Omega ratio: Gain probability vs. loss probability	1.13	1.17	-0.04
Calmar ratio: Return relative to maximum drawdown	0.85	1.54	-0.69
Martin ratio: Return relative to average drawdown	1.80	3.58	-1.78

TSLW vs. TSLY - Sharpe Ratio Comparison

The current TSLW Sharpe Ratio is 0.57, which is lower than the TSLY Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of TSLW 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.

Drawdowns

TSLW vs. TSLY - Drawdown Comparison

The maximum TSLW drawdown since its inception was -35.80%, smaller than the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for TSLW and TSLY.

Drawdown Indicators

	TSLW	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-49.52%	+13.72%
Max Drawdown (1Y) Largest decline over 1 year	-35.80%	-21.64%	-14.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.52%	—
Current Drawdown Current decline from peak	-22.52%	-10.44%	-12.08%
Average Drawdown Average peak-to-trough decline	-13.81%	-19.76%	+5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.84%	9.31%	+7.53%

Volatility

TSLW vs. TSLY - Volatility Comparison

Roundhill TSLA WeeklyPay™ ETF (TSLW) has a higher volatility of 21.05% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 14.40%. This indicates that TSLW'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

	TSLW	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.05%	14.40%	+6.65%
Volatility (6M) Calculated over the trailing 6-month period	37.24%	25.81%	+11.43%
Volatility (1Y) Calculated over the trailing 1-year period	53.67%	36.25%	+17.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.24%	45.65%	+11.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.24%	45.65%	+11.59%

TSLW vs. TSLY - Expense Ratio Comparison

TSLW has a 0.99% expense ratio, which is lower than TSLY's 1.07% expense ratio.

Dividends

TSLW vs. TSLY - Dividend Comparison

TSLW's dividend yield for the trailing twelve months is around 87.54%, more than TSLY's 83.40% yield.

Position	TTM	2025	2024	2023
TSLW Roundhill TSLA WeeklyPay™ ETF	87.54%	49.31%	0.00%	0.00%
TSLY YieldMax TSLA Option Income Strategy ETF	83.40%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both TSLW and TSLY in my portfolio?

With a correlation of 0.99, TSLW 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, TSLW or TSLY?

TSLW has higher volatility (21.05%) compared to TSLY (14.40%). In terms of maximum drawdown, TSLW dropped -35.80% vs TSLY's -49.52%.

Which ETF is better, TSLW or TSLY?

On 1-year performance, TSLY leads with 32.01% vs 28.45% for TSLW. On fees, TSLW is cheaper at 0.99% per year. On volatility, TSLY has been the lower-risk option at 14.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLW or TSLY?

Over the 1-year period, TSLY has performed better with a 32.01% return vs 28.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLW or TSLY?

TSLW is cheaper with a 0.99% expense ratio, compared with 1.07% for TSLY.

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

TSLW has the higher dividend yield at 87.54%, compared with 83.40% for TSLY.

What is the main difference between TSLW and TSLY?

TSLW is categorized as Derivative Income, while TSLY is Options Trading. They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for TSLW and 1.07% for TSLY.

Which has better risk-adjusted returns?

TSLY currently has the higher Sharpe Ratio (0.93 vs 0.57), 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.