TSLY vs. PNNT
TSLY (YieldMax TSLA Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax, while PNNT (PennantPark Investment Corporation) is a stock. Over the past 3 years, TSLY returned 10.28%/yr vs 0.38%/yr for PNNT. At a 0.26 correlation, their price movements are largely independent.
Performance
TSLY vs. PNNT - Performance Comparison
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Returns By Period
In the year-to-date period, TSLY achieves a -5.22% return, which is significantly higher than PNNT's -29.84% return.
TSLY
- 1D
- 1.66%
- 1M
- -6.99%
- YTD
- -5.22%
- 6M
- -7.03%
- 1Y
- 29.62%
- 3Y*
- 10.28%
- 5Y*
- —
- 10Y*
- —
PNNT
- 1D
- 1.58%
- 1M
- -8.53%
- YTD
- -29.84%
- 6M
- -27.65%
- 1Y
- -33.82%
- 3Y*
- 0.38%
- 5Y*
- 0.83%
- 10Y*
- 7.07%
TSLY vs. PNNT - 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% |
PNNT PennantPark Investment Corporation | -29.84% | -2.96% | 16.56% | 37.25% | -6.08% |
Correlation
The correlation between TSLY and PNNT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.26 |
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Return for Risk
TSLY vs. PNNT — Risk / Return Rank
TSLY
PNNT
TSLY vs. PNNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and PennantPark Investment Corporation (PNNT). 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 | PNNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.78 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.80 | +2.17 |
| Martin ratioReturn relative to average drawdown | 3.27 | -1.65 | +4.91 |
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Drawdowns
TSLY vs. PNNT - Drawdown Comparison
The maximum TSLY drawdown since its inception was -49.52%, smaller than the maximum PNNT drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for TSLY and PNNT.
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Drawdown Indicators
| TSLY | PNNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -82.16% | +32.64% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -42.61% | +20.97% |
Max Drawdown (3Y)Largest decline over 3 years | -49.52% | -42.61% | -6.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.14% | — |
Current DrawdownCurrent decline from peak | -11.38% | -40.28% | +28.90% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -15.29% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.09% | 20.58% | -11.49% |
Volatility
TSLY vs. PNNT - Volatility Comparison
YieldMax TSLA Option Income Strategy ETF (TSLY) has a higher volatility of 12.68% compared to PennantPark Investment Corporation (PNNT) at 9.97%. This indicates that TSLY's price experiences larger fluctuations and is considered to be riskier than PNNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLY | PNNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 9.97% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 23.97% | 23.95% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.92% | 27.06% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.59% | 23.79% | +21.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.59% | 32.76% | +12.83% |
Dividends
TSLY vs. PNNT - Dividend Comparison
TSLY's dividend yield for the trailing twelve months is around 83.90%, more than PNNT's 24.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 24.94% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
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
TSLY and PNNT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLY has higher volatility (12.68%) compared to PNNT (9.97%). In terms of maximum drawdown, TSLY dropped -49.52% vs PNNT's -82.16%.
TSLY currently has the higher Sharpe Ratio (0.83 vs -1.25), 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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