TSLY vs. SPY
Compare and contrast key facts about YieldMax TSLA Option Income Strategy ETF (TSLY) and SPDR S&P 500 ETF (SPY).
TSLY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLY is an actively managed fund by YieldMax. It was launched on Nov 22, 2022. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSLY or SPY.
Performance
TSLY vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, TSLY achieves a 16.70% return, which is significantly lower than SPY's 25.41% return.
TSLY
16.70%
40.48%
43.97%
26.30%
N/A
N/A
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| TSLY | SPY | |
|---|---|---|
| Sharpe Ratio | 0.64 | 2.62 |
| Sortino Ratio | 1.17 | 3.50 |
| Omega Ratio | 1.15 | 1.49 |
| Calmar Ratio | 0.64 | 3.78 |
| Martin Ratio | 1.60 | 17.00 |
| Ulcer Index | 18.32% | 1.87% |
| Daily Std Dev | 45.58% | 12.14% |
| Max Drawdown | -45.63% | -55.19% |
| Current Drawdown | -3.46% | -1.38% |
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TSLY vs. SPY - Expense Ratio Comparison
TSLY has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between TSLY and SPY is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
TSLY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TSLY vs. SPY - Dividend Comparison
TSLY's dividend yield for the trailing twelve months is around 68.18%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLY YieldMax TSLA Option Income Strategy ETF | 68.18% | 76.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
TSLY vs. SPY - Drawdown Comparison
The maximum TSLY drawdown since its inception was -45.63%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TSLY and SPY. For additional features, visit the drawdowns tool.
Volatility
TSLY vs. SPY - Volatility Comparison
YieldMax TSLA Option Income Strategy ETF (TSLY) has a higher volatility of 20.58% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that TSLY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.