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TSLY vs. TSLA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

TSLY vs. TSLA - Performance Comparison

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

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Returns By Period

In the year-to-date period, TSLY achieves a -5.61% return, which is significantly higher than TSLA's -10.95% return.


TSLY

1D
1.01%
1M
-4.55%
YTD
-5.61%
6M
-10.38%
1Y
26.91%
3Y*
9.46%
5Y*
10Y*

TSLA

1D
1.04%
1M
-5.99%
YTD
-10.95%
6M
-16.77%
1Y
24.31%
3Y*
15.41%
5Y*
14.03%
10Y*
39.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLY vs. TSLA - Yearly Performance Comparison


2026 (YTD)2025202420232022
TSLY
YieldMax TSLA Option Income Strategy ETF
-5.61%13.62%27.83%50.69%-27.09%
TSLA
Tesla, Inc.
-10.95%11.36%62.52%101.72%-27.50%

Correlation

The correlation between TSLY and TSLA 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 23, 2022

0.97

The correlation between TSLY and TSLA 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. TSLA — Risk / Return Rank

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

TSLY
TSLY Risk / Return Rank: 2424
Overall Rank
TSLY Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
TSLY Sortino Ratio Rank: 2323
Sortino Ratio Rank
TSLY Omega Ratio Rank: 2222
Omega Ratio Rank
TSLY Calmar Ratio Rank: 2727
Calmar Ratio Rank
TSLY Martin Ratio Rank: 2424
Martin Ratio Rank

TSLA
TSLA Risk / Return Rank: 5858
Overall Rank
TSLA Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
TSLA Sortino Ratio Rank: 5757
Sortino Ratio Rank
TSLA Omega Ratio Rank: 5454
Omega Ratio Rank
TSLA Calmar Ratio Rank: 6060
Calmar Ratio Rank
TSLA Martin Ratio Rank: 6161
Martin Ratio Rank
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. TSLA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and Tesla, Inc. (TSLA). 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.


TSLYTSLADifference
Sharpe ratioReturn per unit of total volatility

+0.22

Sortino ratioReturn per unit of downside risk

+0.18

Omega ratioGain probability vs. loss probability

1.15

1.12

+0.03

Calmar ratioReturn relative to maximum drawdown

1.27

0.82

+0.45

Martin ratioReturn relative to average drawdown

2.98

1.84

+1.14

TSLY vs. TSLA - Sharpe Ratio Comparison

The current TSLY Sharpe Ratio is 0.77, which is higher than the TSLA Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of TSLY and TSLA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

TSLY vs. TSLA - Drawdown Comparison

The maximum TSLY drawdown since its inception was -49.52%, smaller than the maximum TSLA drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TSLY and TSLA.


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Drawdown Indicators


TSLYTSLADifference

Max Drawdown

Largest peak-to-trough decline

-49.52%

-73.63%

+24.11%

Max Drawdown (1Y)

Largest decline over 1 year

-21.64%

-29.93%

+8.29%

Max Drawdown (3Y)

Largest decline over 3 years

-49.52%

-53.77%

+4.25%

Max Drawdown (5Y)

Largest decline over 5 years

-73.63%

Max Drawdown (10Y)

Largest decline over 10 years

-73.63%

Current Drawdown

Current decline from peak

-11.75%

-18.25%

+6.50%

Average Drawdown

Average peak-to-trough decline

-19.88%

-22.71%

+2.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.21%

13.25%

-4.04%

Volatility

TSLY vs. TSLA - Volatility Comparison

The current volatility for YieldMax TSLA Option Income Strategy ETF (TSLY) is 11.84%, while Tesla, Inc. (TSLA) has a volatility of 13.43%. This indicates that TSLY experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


TSLYTSLADifference

Volatility (1M)

Calculated over the trailing 1-month period

11.84%

13.43%

-1.59%

Volatility (6M)

Calculated over the trailing 6-month period

23.70%

28.33%

-4.63%

Volatility (1Y)

Calculated over the trailing 1-year period

35.78%

44.31%

-8.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

45.50%

58.99%

-13.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.50%

59.15%

-13.65%

Dividends

TSLY vs. TSLA - Dividend Comparison

TSLY's dividend yield for the trailing twelve months is around 86.10%, while TSLA has not paid dividends to shareholders.


PositionTTM202520242023
TSLA
Tesla, Inc.
0.00%0.00%0.00%0.00%
TSLY
YieldMax TSLA Option Income Strategy ETF
86.10%91.19%82.30%76.47%

Frequently Asked Questions


With a correlation of 0.99, TSLY and TSLA 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.

TSLA has higher volatility (13.43%) compared to TSLY (11.84%). In terms of maximum drawdown, TSLY dropped -49.52% vs TSLA's -73.63%.

TSLY currently has the higher Sharpe Ratio (0.77 vs 0.55), 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.

Portfolio Optimizer

Find the right allocation for TSLY and TSLA

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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