TSLY vs. TSLA
TSLY (YieldMax TSLA Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax, while TSLA (Tesla, Inc.) is a stock. Over the past 3 years, TSLY returned 9.46%/yr vs 15.41%/yr for TSLA. With a 0.97 correlation, they move nearly in lockstep.
Performance
TSLY vs. TSLA - Performance Comparison
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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%
TSLY vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
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
TSLY
TSLA
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.
| TSLY | TSLA | Difference | |
|---|---|---|---|
| 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 |
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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
| TSLY | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -11.75% | -18.25% | +6.50% |
Average DrawdownAverage peak-to-trough decline | -19.88% | -22.71% | +2.83% |
Ulcer IndexDepth 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
| TSLY | TSLA | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
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.
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