TSLY.TO vs. DXQ.TO
TSLY.TO (Harvest Tesla Enhanced High Income Shares ETF) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. Both are actively managed. Over the past year, TSLY.TO returned 38.16% vs 19.49% for DXQ.TO. At a 0.48 correlation, their price movements are largely independent. TSLY.TO charges 0.40%/yr vs 0.72%/yr for DXQ.TO.
Performance
TSLY.TO vs. DXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TSLY.TO achieves a -4.93% return, which is significantly lower than DXQ.TO's 7.36% return.
TSLY.TO
- 1D
- -0.95%
- 1M
- 9.68%
- YTD
- -4.93%
- 6M
- -6.65%
- 1Y
- 38.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXQ.TO
- 1D
- 0.53%
- 1M
- 3.31%
- YTD
- 7.36%
- 6M
- 6.22%
- 1Y
- 19.49%
- 3Y*
- 17.28%
- 5Y*
- —
- 10Y*
- —
TSLY.TO vs. DXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF | -4.93% | -0.09% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.36% | 10.97% |
Correlation
The correlation between TSLY.TO and DXQ.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.48 |
The correlation between TSLY.TO and DXQ.TO shifts across timeframes, from 0.37 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSLY.TO vs. DXQ.TO — Risk / Return Rank
TSLY.TO
DXQ.TO
TSLY.TO vs. DXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO). 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.
| TSLY.TO | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 3.83 | -2.54 |
| Martin ratioReturn relative to average drawdown | 3.15 | 10.71 | -7.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLY.TO | DXQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.12 | -1.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 1.63 | -1.69 |
Drawdowns
TSLY.TO vs. DXQ.TO - Drawdown Comparison
The maximum TSLY.TO drawdown since its inception was -58.91%, which is greater than DXQ.TO's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for TSLY.TO and DXQ.TO.
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Drawdown Indicators
| TSLY.TO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.91% | -15.54% | -43.37% |
Max Drawdown (1Y)Largest decline over 1 year | -29.78% | -5.11% | -24.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -15.22% | -0.18% | -15.04% |
Average DrawdownAverage peak-to-trough decline | -26.86% | -1.27% | -25.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.23% | 1.82% | +10.41% |
Volatility
TSLY.TO vs. DXQ.TO - Volatility Comparison
Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) has a higher volatility of 11.47% compared to Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) at 2.40%. This indicates that TSLY.TO's price experiences larger fluctuations and is considered to be riskier than DXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLY.TO | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 2.40% | +9.07% |
Volatility (6M)Calculated over the trailing 6-month period | 27.65% | 7.16% | +20.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.74% | 9.22% | +36.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.12% | 10.91% | +49.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.12% | 10.91% | +49.21% |
TSLY.TO vs. DXQ.TO - Expense Ratio Comparison
TSLY.TO has a 0.40% expense ratio, which is lower than DXQ.TO's 0.72% expense ratio.
Dividends
TSLY.TO vs. DXQ.TO - Dividend Comparison
TSLY.TO's dividend yield for the trailing twelve months is around 38.17%, more than DXQ.TO's 7.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.73% | 7.45% | 5.74% | 6.54% | 1.83% |
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF | 38.17% | 32.52% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLY.TO and DXQ.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLY.TO is cheaper with a 0.40% expense ratio, compared with 0.72% for DXQ.TO.
They also come from different issuers: Harvest and Dynamic. Their fees differ too: 0.40% for TSLY.TO and 0.72% for DXQ.TO.
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