TSLY vs. YTSL.NEO

Last updated Jun 5, 2026

TSLY (YieldMax TSLA Option Income Strategy ETF) and YTSL.NEO (Tesla (TSLA) Yield Shares Purpose ETF) are both exchange-traded funds - TSLY is a Options Trading fund actively managed by YieldMax, while YTSL.NEO is a Derivative Income fund actively managed by Purpose Investments. Both are actively managed. Over the past 3 years, TSLY returned 14.39%/yr vs 27.25%/yr for YTSL.NEO. Their correlation of 0.89 suggests significant overlap in exposure. TSLY charges 1.07%/yr vs 1.65%/yr for YTSL.NEO.

Performance

TSLY vs. YTSL.NEO - Performance Comparison

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

Different Trading Currencies

TSLY is traded in USD, while YTSL.NEO is traded in CAD. To make them comparable, the YTSL.NEO 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 YTSL.NEO's -8.60% return.

TSLY

• 1D: -1.05%
• 1M: 4.95%
• YTD: -2.70%
• 6M: -3.20%
• 1Y: 27.37%
• 3Y*: 14.39%
• 5Y*: —
• 10Y*: —

YTSL.NEO

• 1D: -1.25%
• 1M: 5.58%
• YTD: -8.60%
• 6M: 1.26%
• 1Y: 47.29%
• 3Y*: 27.25%
• 5Y*: —
• 10Y*: —

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

TSLY vs. YTSL.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TSLY YieldMax TSLA Option Income Strategy ETF	-2.70%	13.62%	27.83%	50.69%	-16.28%
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF	-8.60%	33.54%	34.57%	111.26%	-19.60%

Correlation

The correlation between TSLY and YTSL.NEO is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022	0.89

The correlation between TSLY and YTSL.NEO has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

TSLY vs. YTSL.NEO — Risk / Return Rank

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

TSLY

TSLY Risk / Return Rank: 24
TSLY Sharpe Ratio Rank: 22
TSLY Sortino Ratio Rank: 22
TSLY Omega Ratio Rank: 23
TSLY Calmar Ratio Rank: 27
TSLY Martin Ratio Rank: 24

YTSL.NEO

YTSL.NEO Risk / Return Rank: 33
YTSL.NEO Sharpe Ratio Rank: 30
YTSL.NEO Sortino Ratio Rank: 29
YTSL.NEO Omega Ratio Rank: 32
YTSL.NEO Calmar Ratio Rank: 42
YTSL.NEO Martin Ratio Rank: 35

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. YTSL.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Option Income Strategy ETF (TSLY) and Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO). 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	YTSL.NEO	Difference
Sharpe ratio: Return per unit of total volatility	0.72	0.97	-0.25
Sortino ratio: Return per unit of downside risk	1.14	1.47	-0.33
Omega ratio: Gain probability vs. loss probability	1.15	1.20	-0.05
Calmar ratio: Return relative to maximum drawdown	1.27	1.87	-0.60
Martin ratio: Return relative to average drawdown	3.10	4.97	-1.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLY vs. YTSL.NEO - Sharpe Ratio Comparison

The current TSLY Sharpe Ratio is 0.72, which is comparable to the YTSL.NEO Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of TSLY and YTSL.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLY	YTSL.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	0.97	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.55	-0.26

Drawdowns

TSLY vs. YTSL.NEO - Drawdown Comparison

The maximum TSLY drawdown since its inception was -49.52%, smaller than the maximum YTSL.NEO drawdown of -58.76%. Use the drawdown chart below to compare losses from any high point for TSLY and YTSL.NEO.

Drawdown Indicators

	TSLY	YTSL.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-49.52%	-58.76%	+9.24%
Max Drawdown (1Y) Largest decline over 1 year	-21.64%	-25.42%	+3.78%
Max Drawdown (3Y) Largest decline over 3 years	-49.52%	-58.76%	+9.24%
Current Drawdown Current decline from peak	-9.03%	-9.81%	+0.78%
Average Drawdown Average peak-to-trough decline	-19.99%	-21.03%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.95%	9.67%	-0.72%

Volatility

TSLY vs. YTSL.NEO - Volatility Comparison

The current volatility for YieldMax TSLA Option Income Strategy ETF (TSLY) is 10.02%, while Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) has a volatility of 12.70%. This indicates that TSLY experiences smaller price fluctuations and is considered to be less risky than YTSL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLY	YTSL.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	12.70%	-2.68%
Volatility (6M) Calculated over the trailing 6-month period	22.40%	30.10%	-7.70%
Volatility (1Y) Calculated over the trailing 1-year period	38.20%	49.03%	-10.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.48%	63.17%	-17.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.48%	63.17%	-17.69%

TSLY vs. YTSL.NEO - Expense Ratio Comparison

TSLY has a 1.07% expense ratio, which is lower than YTSL.NEO's 1.65% expense ratio.

Dividends

TSLY vs. YTSL.NEO - Dividend Comparison

TSLY's dividend yield for the trailing twelve months is around 86.88%, more than YTSL.NEO's 46.17% yield.

Position	TTM	2025	2024	2023	2022
TSLY YieldMax TSLA Option Income Strategy ETF	86.88%	91.19%	82.30%	76.47%	0.00%
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF	46.17%	36.11%	12.80%	24.07%	1.96%

Frequently Asked Questions

Can I hold both TSLY and YTSL.NEO in my portfolio?

TSLY and YTSL.NEO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLY or YTSL.NEO?

On fees, TSLY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSLY or YTSL.NEO?

TSLY is cheaper with a 1.07% expense ratio, compared with 1.65% for YTSL.NEO.

What is the main difference between TSLY and YTSL.NEO?

TSLY is categorized as Options Trading, while YTSL.NEO is Derivative Income. They also come from different issuers: YieldMax and Purpose Investments. Their fees differ too: 1.07% for TSLY and 1.65% for YTSL.NEO.