TYYY vs. PEPS

Last updated Jul 16, 2026

TYYY (xETFs TSLA Daily Income ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. TYYY charges 0.99%/yr vs 0.10%/yr for PEPS.

Performance

TYYY vs. PEPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in xETFs TSLA Daily Income ETF (TYYY) and Parametric Equity Plus ETF (PEPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TYYY

• 1D: -0.41%
• 1M: -4.92%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PEPS

• 1D: 0.31%
• 1M: 0.95%
• 6M: 9.62%
• YTD: 11.26%
• 1Y: 26.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYYY vs. PEPS - Yearly Performance Comparison

	2026 (YTD)
TYYY xETFs TSLA Daily Income ETF	-8.93%
PEPS Parametric Equity Plus ETF	3.04%

Correlation

The correlation between TYYY and PEPS is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 15, 2026	0.75

Return for Risk

TYYY vs. PEPS — Risk / Return Rank

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

TYYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PEPS

PEPS Risk / Return Rank: 72
PEPS Sharpe Ratio Rank: 73
PEPS Sortino Ratio Rank: 68
PEPS Omega Ratio Rank: 73
PEPS Calmar Ratio Rank: 66
PEPS Martin Ratio Rank: 78

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.

TYYY vs. PEPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for xETFs TSLA Daily Income ETF (TYYY) and Parametric Equity Plus ETF (PEPS). 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	PEPS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.89	—
Sortino ratio: Return per unit of downside risk	—	2.51	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.67	—
Martin ratio: Return relative to average drawdown	—	11.80	—

Drawdowns

TYYY vs. PEPS - Drawdown Comparison

The maximum TYYY drawdown since its inception was -15.06%, smaller than the maximum PEPS drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for TYYY and PEPS.

Drawdown Indicators

	TYYY	PEPS	Difference
Max Drawdown Largest peak-to-trough decline	-15.06%	-21.26%	+6.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.80%	—
Current Drawdown Current decline from peak	-11.65%	0.00%	-11.65%
Average Drawdown Average peak-to-trough decline	-7.46%	-2.70%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.21%	—

Volatility

Volatility by Period

	TYYY	PEPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.54%	13.83%	+35.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.54%	18.17%	+31.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.54%	18.17%	+31.37%

TYYY vs. PEPS - Expense Ratio Comparison

TYYY has a 0.99% expense ratio, which is higher than PEPS's 0.10% expense ratio.

Dividends

TYYY vs. PEPS - Dividend Comparison

TYYY's dividend yield for the trailing twelve months is around 3.25%, more than PEPS's 0.92% yield.

Position	TTM	2025	2024
PEPS Parametric Equity Plus ETF	0.92%	1.00%	0.17%
TYYY xETFs TSLA Daily Income ETF	3.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYYY and PEPS in my portfolio?

TYYY and PEPS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TYYY or PEPS?

On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TYYY or PEPS?

PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for TYYY.

Which ETF pays a higher dividend yield, TYYY or PEPS?

TYYY has the higher dividend yield at 3.25%, compared with 0.92% for PEPS.

What is the main difference between TYYY and PEPS?

They also come from different issuers: xETFs and Parametric. Their fees differ too: 0.99% for TYYY and 0.10% for PEPS.