TSLY vs. KO

Last updated Jun 13, 2026

TSLY (YieldMax TSLA Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax, while KO (The Coca-Cola Company) is a stock. Over the past 3 years, TSLY returned 10.28%/yr vs 14.33%/yr for KO. At a correlation of -0.07, they often move in opposite directions.

Performance

TSLY vs. KO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax TSLA Option Income Strategy ETF (TSLY) and The Coca-Cola Company (KO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLY achieves a -5.22% return, which is significantly lower than KO's 18.99% return.

TSLY

• 1D: 1.66%
• 1M: -6.99%
• YTD: -5.22%
• 6M: -7.03%
• 1Y: 29.62%
• 3Y*: 10.28%
• 5Y*: —
• 10Y*: —

KO

• 1D: 0.11%
• 1M: 2.94%
• YTD: 18.99%
• 6M: 17.96%
• 1Y: 17.68%
• 3Y*: 14.33%
• 5Y*: 11.29%
• 10Y*: 9.55%

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

TSLY vs. KO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TSLY YieldMax TSLA Option Income Strategy ETF	-5.22%	13.62%	27.83%	50.69%	-27.09%
KO The Coca-Cola Company	18.99%	15.60%	8.88%	-4.43%	2.74%

Correlation

The correlation between TSLY and KO is -0.21, 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	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022	-0.07

The correlation between TSLY and KO shifts across timeframes, from -0.21 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TSLY vs. KO — Risk / Return Rank

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

TSLY

TSLY Risk / Return Rank: 27
TSLY Sharpe Ratio Rank: 26
TSLY Sortino Ratio Rank: 26
TSLY Omega Ratio Rank: 26
TSLY Calmar Ratio Rank: 31
TSLY Martin Ratio Rank: 27

KO

KO Risk / Return Rank: 74
KO Sharpe Ratio Rank: 75
KO Sortino Ratio Rank: 72
KO Omega Ratio Rank: 67
KO Calmar Ratio Rank: 79
KO Martin Ratio Rank: 75

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 vs. KO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and The Coca-Cola Company (KO). 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.

	TSLY	KO	Difference
Sharpe ratio: Return per unit of total volatility	0.83	1.06	-0.23
Sortino ratio: Return per unit of downside risk	1.30	1.73	-0.43
Omega ratio: Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio: Return relative to maximum drawdown	1.38	2.26	-0.88
Martin ratio: Return relative to average drawdown	3.27	4.51	-1.24

TSLY vs. KO - Sharpe Ratio Comparison

The current TSLY Sharpe Ratio is 0.83, which is comparable to the KO Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of TSLY and KO, 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

TSLY vs. KO - Drawdown Comparison

The maximum TSLY drawdown since its inception was -49.52%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for TSLY and KO.

Drawdown Indicators

	TSLY	KO	Difference
Max Drawdown Largest peak-to-trough decline	-49.52%	-68.23%	+18.71%
Max Drawdown (1Y) Largest decline over 1 year	-21.64%	-7.87%	-13.77%
Max Drawdown (3Y) Largest decline over 3 years	-49.52%	-16.26%	-33.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.99%	—
Current Drawdown Current decline from peak	-11.38%	-1.16%	-10.22%
Average Drawdown Average peak-to-trough decline	-19.92%	-16.09%	-3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.09%	3.98%	+5.11%

Volatility

TSLY vs. KO - Volatility Comparison

YieldMax TSLA Option Income Strategy ETF (TSLY) has a higher volatility of 12.68% compared to The Coca-Cola Company (KO) at 6.70%. This indicates that TSLY's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLY	KO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.68%	6.70%	+5.98%
Volatility (6M) Calculated over the trailing 6-month period	23.97%	12.87%	+11.10%
Volatility (1Y) Calculated over the trailing 1-year period	35.92%	16.73%	+19.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.59%	16.18%	+29.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.59%	18.24%	+27.35%

Dividends

TSLY vs. KO - Dividend Comparison

TSLY's dividend yield for the trailing twelve months is around 83.90%, more than KO's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KO The Coca-Cola Company	2.49%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%
TSLY YieldMax TSLA Option Income Strategy ETF	83.90%	91.19%	82.30%	76.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLY and KO in my portfolio?

TSLY and KO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLY or KO?

TSLY has higher volatility (12.68%) compared to KO (6.70%). In terms of maximum drawdown, TSLY dropped -49.52% vs KO's -68.23%.

Which has better risk-adjusted returns?

KO currently has the higher Sharpe Ratio (1.06 vs 0.83), 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.