TSLY vs. DBE
TSLY (YieldMax TSLA Option Income Strategy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - TSLY is a Options Trading fund actively managed by YieldMax, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. TSLY is actively managed, while DBE is passively managed. Over the past 3 years, TSLY returned 15.16%/yr vs 23.42%/yr for DBE. At a 0.01 correlation, their price movements are largely independent. TSLY charges 0.99%/yr vs 0.78%/yr for DBE.
Performance
TSLY vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, TSLY achieves a -1.68% return, which is significantly lower than DBE's 83.68% return.
TSLY
- 1D
- 0.10%
- 1M
- 5.56%
- YTD
- -1.68%
- 6M
- -1.00%
- 1Y
- 24.54%
- 3Y*
- 15.16%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
TSLY vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSLY YieldMax TSLA Option Income Strategy ETF | -1.68% | 13.62% | 27.83% | 50.69% | -27.02% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | -3.15% |
Correlation
The correlation between TSLY and DBE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2022 | 0.01 |
The correlation between TSLY and DBE shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSLY vs. DBE — Risk / Return Rank
TSLY
DBE
TSLY vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 5.89 | -4.75 |
| Martin ratioReturn relative to average drawdown | 2.75 | 11.53 | -8.77 |
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 | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 2.43 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.09 | +0.21 |
Drawdowns
TSLY vs. DBE - Drawdown Comparison
The maximum TSLY drawdown since its inception was -49.52%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for TSLY and DBE.
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Drawdown Indicators
| TSLY | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -86.69% | +37.17% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -14.41% | -7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -49.52% | -23.89% | -25.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -8.07% | -30.27% | +22.20% |
Average DrawdownAverage peak-to-trough decline | -20.00% | -57.31% | +37.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.10% | 7.35% | +1.75% |
Volatility
TSLY vs. DBE - Volatility Comparison
The current volatility for YieldMax TSLA Option Income Strategy ETF (TSLY) is 9.96%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that TSLY experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLY | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 12.95% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 22.37% | 30.86% | -8.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.18% | 34.97% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.50% | 29.39% | +16.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.50% | 28.33% | +17.17% |
TSLY vs. DBE - Expense Ratio Comparison
TSLY has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
TSLY vs. DBE - Dividend Comparison
TSLY's dividend yield for the trailing twelve months is around 83.79%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
TSLY YieldMax TSLA Option Income Strategy ETF | 83.79% | 91.19% | 82.30% | 76.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSLY and DBE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to TSLY (9.96%). In terms of maximum drawdown, TSLY dropped -49.52% vs DBE's -86.69%.
On 3-year performance, DBE leads with 23.42% vs 15.16% for TSLY. On fees, DBE is cheaper at 0.78% 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.
Over the 3-year period, DBE has performed better with a 23.42% return vs 15.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.99% for TSLY.
TSLY has the higher dividend yield at 83.79%, compared with 2.10% for DBE.
TSLY is categorized as Options Trading, while DBE is Oil & Gas. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 0.99% for TSLY and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs 0.65), 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.
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