TSLY vs. TSLA.TO
TSLY (YieldMax TSLA Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax, while TSLA.TO (Tesla CDR (CAD Hedged)) is a stock. Over the past year, TSLY returned 27.37% vs 20.53% for TSLA.TO. With a 0.95 correlation, they move nearly in lockstep.
Performance
TSLY vs. TSLA.TO - Performance Comparison
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Different Trading Currencies
TSLY is traded in USD, while TSLA.TO is traded in CAD. To make them comparable, the TSLA.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSLY achieves a -2.70% return, which is significantly higher than TSLA.TO's -9.09% return.
TSLY
- 1D
- -1.05%
- 1M
- 4.95%
- YTD
- -2.70%
- 6M
- -3.20%
- 1Y
- 27.37%
- 3Y*
- 14.39%
- 5Y*
- —
- 10Y*
- —
TSLA.TO
- 1D
- -1.17%
- 1M
- 4.88%
- YTD
- -9.09%
- 6M
- -8.59%
- 1Y
- 20.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLY vs. TSLA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLY YieldMax TSLA Option Income Strategy ETF | -2.70% | 21.52% |
TSLA.TO Tesla CDR (CAD Hedged) | -9.09% | 20.64% |
Correlation
The correlation between TSLY and TSLA.TO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.95 |
The correlation between TSLY and TSLA.TO has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
TSLY vs. TSLA.TO — Risk / Return Rank
TSLY
TSLA.TO
TSLY vs. TSLA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and Tesla CDR (CAD Hedged) (TSLA.TO). 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 | TSLA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.67 | +0.60 |
| Martin ratioReturn relative to average drawdown | 3.10 | 1.60 | +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 | TSLA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.45 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.13 | +0.17 |
Drawdowns
TSLY vs. TSLA.TO - Drawdown Comparison
The maximum TSLY drawdown since its inception was -49.52%, which is greater than TSLA.TO's maximum drawdown of -42.14%. Use the drawdown chart below to compare losses from any high point for TSLY and TSLA.TO.
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Drawdown Indicators
| TSLY | TSLA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.52% | -42.14% | -7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -30.79% | +9.15% |
Max Drawdown (3Y)Largest decline over 3 years | -49.52% | — | — |
Current DrawdownCurrent decline from peak | -9.03% | -16.31% | +7.28% |
Average DrawdownAverage peak-to-trough decline | -19.99% | -14.45% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.95% | 12.94% | -3.99% |
Volatility
TSLY vs. TSLA.TO - Volatility Comparison
The current volatility for YieldMax TSLA Option Income Strategy ETF (TSLY) is 10.02%, while Tesla CDR (CAD Hedged) (TSLA.TO) has a volatility of 12.69%. This indicates that TSLY experiences smaller price fluctuations and is considered to be less risky than TSLA.TO 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.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 12.69% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 22.40% | 28.00% | -5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.20% | 45.81% | -7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.48% | 56.98% | -11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.48% | 56.98% | -11.50% |
Dividends
TSLY vs. TSLA.TO - Dividend Comparison
TSLY's dividend yield for the trailing twelve months is around 86.88%, while TSLA.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSLA.TO Tesla CDR (CAD Hedged) | 0.00% | 0.00% | 0.00% | 0.00% |
TSLY YieldMax TSLA Option Income Strategy ETF | 86.88% | 91.19% | 82.30% | 76.47% |
Frequently Asked Questions
With a correlation of 0.94, TSLY and TSLA.TO 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.
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