TSLY vs. TSL
TSLY (YieldMax TSLA Option Income Strategy ETF) and TSL (GraniteShares 1.25x Long Tsla Daily ETF) are both exchange-traded funds - TSLY is a Options Trading fund actively managed by YieldMax, while TSL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past 3 years, TSLY returned 15.16%/yr vs 20.28%/yr for TSL. With a 0.97 correlation, they move nearly in lockstep. TSLY charges 1.07%/yr vs 1.15%/yr for TSL.
Performance
TSLY vs. TSL - Performance Comparison
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Returns By Period
In the year-to-date period, TSLY achieves a -1.68% return, which is significantly higher than TSL's -9.40% return.
TSLY
- 1D
- 0.10%
- 1M
- 5.56%
- YTD
- -1.68%
- 6M
- -1.00%
- 1Y
- 24.54%
- 3Y*
- 15.16%
- 5Y*
- —
- 10Y*
- —
TSL
- 1D
- -0.11%
- 1M
- 9.37%
- YTD
- -9.40%
- 6M
- -9.11%
- 1Y
- 20.41%
- 3Y*
- 20.28%
- 5Y*
- —
- 10Y*
- —
TSLY vs. TSL - 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% |
TSL GraniteShares 1.25x Long Tsla Daily ETF | -9.40% | 3.49% | 64.12% | 113.79% | -40.11% |
Correlation
The correlation between TSLY and TSL is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2022 | 0.97 |
The correlation between TSLY and TSL has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
TSLY vs. TSL — Risk / Return Rank
TSLY
TSL
TSLY vs. TSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and GraniteShares 1.25x Long Tsla Daily ETF (TSL). 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 | TSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.55 | +0.58 |
| Martin ratioReturn relative to average drawdown | 2.75 | 1.26 | +1.50 |
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 | TSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.35 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.03 | +0.27 |
Drawdowns
TSLY vs. TSL - Drawdown Comparison
The maximum TSLY drawdown since its inception was -49.52%, smaller than the maximum TSL drawdown of -74.52%. Use the drawdown chart below to compare losses from any high point for TSLY and TSL.
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Drawdown Indicators
| TSLY | TSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -74.52% | +25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -36.98% | +15.34% |
Max Drawdown (3Y)Largest decline over 3 years | -49.52% | -63.30% | +13.78% |
Current DrawdownCurrent decline from peak | -8.07% | -24.91% | +16.84% |
Average DrawdownAverage peak-to-trough decline | -20.00% | -38.71% | +18.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.10% | 16.38% | -7.28% |
Volatility
TSLY vs. TSL - Volatility Comparison
The current volatility for YieldMax TSLA Option Income Strategy ETF (TSLY) is 9.96%, while GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a volatility of 15.25%. This indicates that TSLY experiences smaller price fluctuations and is considered to be less risky than TSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLY | TSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 15.25% | -5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 22.37% | 34.12% | -11.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.18% | 57.94% | -19.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.50% | 73.18% | -27.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.50% | 73.18% | -27.68% |
TSLY vs. TSL - Expense Ratio Comparison
TSLY has a 1.07% expense ratio, which is lower than TSL's 1.15% expense ratio.
Dividends
TSLY vs. TSL - Dividend Comparison
TSLY's dividend yield for the trailing twelve months is around 83.79%, while TSL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 0.00% | 60.47% |
TSLY YieldMax TSLA Option Income Strategy ETF | 83.79% | 91.19% | 82.30% | 76.47% |
Frequently Asked Questions
With a correlation of 0.99, TSLY and TSL 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.
TSL has higher volatility (15.25%) compared to TSLY (9.96%). In terms of maximum drawdown, TSLY dropped -49.52% vs TSL's -74.52%.
On 3-year performance, TSL leads with 20.28% vs 15.16% for TSLY. On fees, TSLY is cheaper at 1.07% 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, TSL has performed better with a 20.28% return vs 15.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLY is cheaper with a 1.07% expense ratio, compared with 1.15% for TSL.
TSLY has the higher dividend yield at 83.79%, compared with 0.00% for TSL.
TSLY is categorized as Options Trading, while TSL is Leveraged Equities. They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 1.07% for TSLY and 1.15% for TSL.
TSLY currently has the higher Sharpe Ratio (0.65 vs 0.35), 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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