TYYY vs. PAPI
TYYY (xETFs TSLA Daily Income ETF) and PAPI (Parametric Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.17 correlation means they have often moved in opposite directions in the past. TYYY charges 0.99%/yr vs 0.29%/yr for PAPI.
Performance
TYYY vs. PAPI - Performance Comparison
Loading charts...
Returns By Period
TYYY
- 1D
- 1.83%
- 1M
- -16.95%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PAPI
- 1D
- -0.25%
- 1M
- 2.42%
- 6M
- 4.73%
- YTD
- 12.17%
- 1Y
- 18.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.22M | $2.12M | $2.00M | |
| $3.40K | $7.54K | $12.78K |
TYYY vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TYYY xETFs TSLA Daily Income ETF | -24.35% |
PAPI Parametric Equity Premium Income ETF | 8.06% |
Correlation
The correlation between TYYY and PAPI is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 15, 2026 | -0.17 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TYYY vs. PAPI — Risk / Return Rank
TYYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PAPI
TYYY vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for xETFs TSLA Daily Income ETF (TYYY) and Parametric Equity Premium Income ETF (PAPI). 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.
| TYYY | PAPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.71 | — |
| Martin ratioReturn relative to average drawdown | — | 6.84 | — |
Loading charts...
Drawdowns
TYYY vs. PAPI - Drawdown Comparison
The maximum TYYY drawdown since its inception was -33.23%, which is greater than PAPI's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for TYYY and PAPI.
Loading charts...
Drawdown Indicators
| TYYY | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -14.27% | -18.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.86% | — |
Current DrawdownCurrent decline from peak | -26.61% | -1.36% | -25.25% |
Average DrawdownAverage peak-to-trough decline | -11.82% | -2.72% | -9.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.72% | — |
Volatility
TYYY vs. PAPI - Volatility Comparison
Loading charts...
Volatility by Period
| TYYY | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.01% | 10.34% | +44.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.01% | 11.71% | +43.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.01% | 11.71% | +43.30% |
TYYY vs. PAPI - Expense Ratio Comparison
TYYY has a 0.99% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Dividends
TYYY vs. PAPI - Dividend Comparison
TYYY's dividend yield for the trailing twelve months is around 4.30%, less than PAPI's 7.42% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PAPI Parametric Equity Premium Income ETF | 7.42% | 7.59% | 7.07% | 1.45% |
TYYY xETFs TSLA Daily Income ETF | 4.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TYYY and PAPI have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAPI is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAPI is cheaper with a 0.29% expense ratio, compared with 0.99% for TYYY.
PAPI has the higher dividend yield at 7.42%, compared with 4.30% for TYYY.
They also come from different issuers: xETFs and Morgan Stanley. Their fees differ too: 0.99% for TYYY and 0.29% for PAPI.
Find the right allocation for TYYY and PAPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer