TSLY vs. TSLW

Last updated Aug 5, 2026

TSLY (YieldMax TSLA Option Income Strategy ETF) and TSLW (Roundhill TSLA WeeklyPay™ ETF) are both exchange-traded funds - TSLY is a Options Trading fund actively managed by YieldMax, while TSLW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, TSLY returned 8.88% vs -0.10% for TSLW. Their 0.99 correlation means they have historically moved very closely together. TSLY charges 1.07%/yr vs 0.99%/yr for TSLW.

Performance

TSLY vs. TSLW - Performance Comparison

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

Returns By Period

In the year-to-date period, TSLY achieves a -21.41% return, which is significantly higher than TSLW's -34.33% return.

TSLY

• 1D: 1.16%
• 1M: -15.27%
• 6M: -19.06%
• YTD: -21.41%
• 1Y: 8.88%
• 3Y*: 1.63%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.32%

TSLW

• 1D: 2.35%
• 1M: -20.51%
• 6M: -28.66%
• YTD: -34.33%
• 1Y: -0.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -9.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSLW Roundhill TSLA WeeklyPay™ ETF	$2.06M	$1.69M	$2.61M
TSLY YieldMax TSLA Option Income Strategy ETF	$11.38M	$11.26M	$16.77M

TSLY vs. TSLW - Yearly Performance Comparison

	2026 (YTD)	2025
TSLY YieldMax TSLA Option Income Strategy ETF	-21.41%	26.39%
TSLW Roundhill TSLA WeeklyPay™ ETF	-34.33%	35.28%

Correlation

The correlation between TSLY and TSLW is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.99

The correlation between TSLY and TSLW has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

TSLY vs. TSLW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSLY

TSLY Risk / Return Rank: 15
TSLY Sharpe Ratio Rank: 15
TSLY Sortino Ratio Rank: 16
TSLY Omega Ratio Rank: 16
TSLY Calmar Ratio Rank: 14
TSLY Martin Ratio Rank: 15

TSLW

TSLW Risk / Return Rank: 12
TSLW Sharpe Ratio Rank: 10
TSLW Sortino Ratio Rank: 13
TSLW Omega Ratio Rank: 13
TSLW Calmar Ratio Rank: 10
TSLW Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSLY vs. TSLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and Roundhill TSLA WeeklyPay™ ETF (TSLW). 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	TSLW	Difference
Sharpe ratio: Return per unit of total volatility	0.23	-0.00	+0.24
Sortino ratio: Return per unit of downside risk	0.57	0.39	+0.18
Omega ratio: Gain probability vs. loss probability	1.07	1.05	+0.03
Calmar ratio: Return relative to maximum drawdown	0.28	-0.00	+0.28
Martin ratio: Return relative to average drawdown	0.80	-0.01	+0.81

TSLY vs. TSLW - Sharpe Ratio Comparison

The current TSLY Sharpe Ratio is 0.23, which is higher than the TSLW Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of TSLY and TSLW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLY vs. TSLW - Drawdown Comparison

The maximum TSLY drawdown since its inception was -49.52%, roughly equal to the maximum TSLW drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for TSLY and TSLW.

Drawdown Indicators

	TSLY	TSLW	Difference
Max Drawdown Largest peak-to-trough decline	-49.52%	-47.19%	-2.33%
Max Drawdown (1Y) Largest decline over 1 year	-31.78%	-47.19%	+15.41%
Max Drawdown (3Y) Largest decline over 3 years	-49.52%	—	—
Current Drawdown Current decline from peak	-26.51%	-40.82%	+14.31%
Average Drawdown Average peak-to-trough decline	-19.80%	-15.10%	-4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.07%	19.36%	-8.29%

Volatility

TSLY vs. TSLW - Volatility Comparison

The current volatility for YieldMax TSLA Option Income Strategy ETF (TSLY) is 17.02%, while Roundhill TSLA WeeklyPay™ ETF (TSLW) has a volatility of 22.69%. This indicates that TSLY experiences smaller price fluctuations and is considered to be less risky than TSLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLY	TSLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.02%	22.69%	-5.67%
Volatility (6M) Calculated over the trailing 6-month period	29.63%	41.71%	-12.08%
Volatility (1Y) Calculated over the trailing 1-year period	38.27%	55.53%	-17.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.97%	58.78%	-12.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.97%	58.78%	-12.81%

TSLY vs. TSLW - Expense Ratio Comparison

TSLY has a 1.07% expense ratio, which is higher than TSLW's 0.99% expense ratio.

Dividends

TSLY vs. TSLW - Dividend Comparison

TSLY's dividend yield for the trailing twelve months is around 107.97%, less than TSLW's 112.99% yield.

Position	TTM	2025	2024	2023
TSLW Roundhill TSLA WeeklyPay™ ETF	112.99%	49.31%	0.00%	0.00%
TSLY YieldMax TSLA Option Income Strategy ETF	107.97%	91.19%	82.30%	76.47%

Frequently Asked Questions

Can I hold both TSLY and TSLW in my portfolio?

With a correlation of 0.99, TSLY and TSLW 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.

Which is riskier, TSLY or TSLW?

TSLW has higher volatility (22.69%) compared to TSLY (17.02%). In terms of maximum drawdown, TSLY dropped -49.52% vs TSLW's -47.19%.

Which ETF is better, TSLY or TSLW?

On 1-year performance, TSLY leads with 8.88% vs -0.10% for TSLW. On fees, TSLW is cheaper at 0.99% per year. On volatility, TSLY has been the lower-risk option at 17.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLY or TSLW?

Over the 1-year period, TSLY has performed better with a 8.88% return vs -0.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLY or TSLW?

TSLW is cheaper with a 0.99% expense ratio, compared with 1.07% for TSLY.

Which ETF pays a higher dividend yield, TSLY or TSLW?

TSLW has the higher dividend yield at 112.99%, compared with 107.97% for TSLY.

What is the main difference between TSLY and TSLW?

TSLY is categorized as Options Trading, while TSLW is Derivative Income. They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.07% for TSLY and 0.99% for TSLW.

Which has better risk-adjusted returns?

TSLY currently has the higher Sharpe Ratio (0.23 vs -0.00), 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.