TSLY.TO vs. TSLY

Last updated Jun 4, 2026

TSLY.TO (Harvest Tesla Enhanced High Income Shares ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - TSLY.TO is a Derivative Income fund actively managed by Harvest, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, TSLY.TO returned 34.31% vs 26.15% for TSLY. Their correlation of 0.94 suggests significant overlap in exposure. TSLY.TO charges 0.40%/yr vs 0.99%/yr for TSLY.

Performance

TSLY.TO vs. TSLY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) and YieldMax TSLA Option Income Strategy ETF (TSLY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSLY.TO is traded in CAD, while TSLY is traded in USD. To make them comparable, the TSLY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSLY.TO achieves a -4.02% return, which is significantly lower than TSLY's -0.42% return.

TSLY.TO

• 1D: 0.27%
• 1M: 9.93%
• YTD: -4.02%
• 6M: -4.42%
• 1Y: 34.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLY

• 1D: 0.51%
• 1M: 7.67%
• YTD: -0.42%
• 6M: -1.39%
• 1Y: 26.15%
• 3Y*: 16.50%
• 5Y*: —
• 10Y*: —

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

TSLY.TO vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF	-4.02%	-0.09%
TSLY YieldMax TSLA Option Income Strategy ETF	-0.42%	9.01%

Correlation

The correlation between TSLY.TO and TSLY is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025	0.94

The correlation between TSLY.TO and TSLY has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

TSLY.TO vs. TSLY — Risk / Return Rank

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

TSLY.TO

TSLY.TO Risk / Return Rank: 23
TSLY.TO Sharpe Ratio Rank: 22
TSLY.TO Sortino Ratio Rank: 23
TSLY.TO Omega Ratio Rank: 23
TSLY.TO Calmar Ratio Rank: 25
TSLY.TO Martin Ratio Rank: 22

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.

TSLY.TO vs. TSLY - 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 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.

	TSLY.TO	TSLY	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.70	+0.06
Sortino ratio: Return per unit of downside risk	1.25	1.11	+0.14
Omega ratio: Gain probability vs. loss probability	1.15	1.14	+0.01
Calmar ratio: Return relative to maximum drawdown	1.16	1.25	-0.09
Martin ratio: Return relative to average drawdown	2.82	2.90	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLY.TO vs. TSLY - Sharpe Ratio Comparison

The current TSLY.TO Sharpe Ratio is 0.75, which is comparable to the TSLY Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of TSLY.TO 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

	TSLY.TO	TSLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	0.70	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.34	-0.39

Drawdowns

TSLY.TO vs. TSLY - Drawdown Comparison

The maximum TSLY.TO drawdown since its inception was -58.91%, which is greater than TSLY's maximum drawdown of -49.07%. Use the drawdown chart below to compare losses from any high point for TSLY.TO and TSLY.

Drawdown Indicators

	TSLY.TO	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-58.91%	-49.07%	-9.84%
Max Drawdown (1Y) Largest decline over 1 year	-29.78%	-21.07%	-8.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.07%	—
Current Drawdown Current decline from peak	-14.41%	-7.05%	-7.36%
Average Drawdown Average peak-to-trough decline	-26.89%	-19.50%	-7.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.29%	9.20%	+3.09%

Volatility

TSLY.TO vs. TSLY - Volatility Comparison

Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) has a higher volatility of 11.45% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 10.06%. This indicates that TSLY.TO'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

	TSLY.TO	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.45%	10.06%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	27.64%	22.21%	+5.43%
Volatility (1Y) Calculated over the trailing 1-year period	45.73%	37.77%	+7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.20%	44.84%	+15.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.20%	44.84%	+15.36%

TSLY.TO vs. TSLY - Expense Ratio Comparison

TSLY.TO has a 0.40% expense ratio, which is lower than TSLY's 0.99% expense ratio.

Dividends

TSLY.TO vs. TSLY - Dividend Comparison

TSLY.TO's dividend yield for the trailing twelve months is around 37.80%, less than TSLY's 83.79% yield.

Position	TTM	2025	2024	2023
TSLY YieldMax TSLA Option Income Strategy ETF	83.79%	91.19%	82.30%	76.47%
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF	37.80%	32.52%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLY.TO and TSLY in my portfolio?

With a correlation of 0.93, TSLY.TO 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 ETF is better, TSLY.TO or TSLY?

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.

Which ETF is cheaper, TSLY.TO or TSLY?

TSLY.TO is cheaper with a 0.40% expense ratio, compared with 0.99% for TSLY.

What is the main difference between TSLY.TO and TSLY?

TSLY.TO is categorized as Derivative Income, while TSLY is Options Trading. They also come from different issuers: Harvest and YieldMax. Their fees differ too: 0.40% for TSLY.TO and 0.99% for TSLY.