YBIT vs. TSLY
YBIT (YieldMax Bitcoin Option Income Strategy ETF) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both exchange-traded funds - YBIT is a Cryptocurrency fund actively managed by YieldMax, while TSLY is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, YBIT returned -40.64% vs 19.99% for TSLY. At a 0.42 correlation, their price movements are largely independent. YBIT charges 0.99%/yr vs 1.07%/yr for TSLY.
Performance
YBIT vs. TSLY - Performance Comparison
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Returns By Period
In the year-to-date period, YBIT achieves a -30.07% return, which is significantly lower than TSLY's -10.44% return.
YBIT
- 1D
- -0.85%
- 1M
- -19.02%
- YTD
- -30.07%
- 6M
- -29.90%
- 1Y
- -40.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLY
- 1D
- -0.09%
- 1M
- -10.60%
- YTD
- -10.44%
- 6M
- -16.11%
- 1Y
- 19.99%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
YBIT vs. TSLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | -30.07% | -2.49% | 1.40% |
TSLY YieldMax TSLA Option Income Strategy ETF | -10.44% | 13.62% | 94.48% |
Correlation
The correlation between YBIT and TSLY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024 | 0.42 |
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Return for Risk
YBIT vs. TSLY — Risk / Return Rank
YBIT
TSLY
YBIT vs. TSLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and YieldMax TSLA Option Income Strategy ETF (TSLY). 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.
| YBIT | TSLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.12 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.93 | -1.79 |
| Martin ratioReturn relative to average drawdown | -1.50 | 2.20 | -3.71 |
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Drawdowns
YBIT vs. TSLY - Drawdown Comparison
The maximum YBIT drawdown since its inception was -47.30%, roughly equal to the maximum TSLY drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for YBIT and TSLY.
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Drawdown Indicators
| YBIT | TSLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.30% | -49.52% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -47.30% | -21.64% | -25.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.52% | — |
Current DrawdownCurrent decline from peak | -47.23% | -16.26% | -30.97% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -19.86% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.03% | 9.11% | +17.92% |
Volatility
YBIT vs. TSLY - Volatility Comparison
YieldMax Bitcoin Option Income Strategy ETF (YBIT) and YieldMax TSLA Option Income Strategy ETF (TSLY) have volatilities of 11.55% and 12.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YBIT | TSLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.55% | 12.05% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 29.42% | 23.70% | +5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.83% | 35.63% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.69% | 45.47% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.69% | 45.47% | -6.78% |
YBIT vs. TSLY - Expense Ratio Comparison
YBIT has a 0.99% expense ratio, which is lower than TSLY's 1.07% expense ratio.
Dividends
YBIT vs. TSLY - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 106.69%, more than TSLY's 92.69% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TSLY YieldMax TSLA Option Income Strategy ETF | 92.69% | 91.19% | 82.30% | 76.47% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | 106.69% | 88.33% | 60.00% | 0.00% |
Frequently Asked Questions
YBIT and TSLY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLY has higher volatility (12.05%) compared to YBIT (11.55%). In terms of maximum drawdown, YBIT dropped -47.30% vs TSLY's -49.52%.
On 1-year performance, TSLY leads with 19.99% vs -40.64% for YBIT. On fees, YBIT is cheaper at 0.99% per year. On volatility, YBIT has been the lower-risk option at 11.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TSLY has performed better with a 19.99% return vs -40.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YBIT is cheaper with a 0.99% expense ratio, compared with 1.07% for TSLY.
YBIT has the higher dividend yield at 106.69%, compared with 92.69% for TSLY.
YBIT is categorized as Cryptocurrency, while TSLY is Options Trading. Their fees differ too: 0.99% for YBIT and 1.07% for TSLY.
TSLY currently has the higher Sharpe Ratio (0.57 vs -1.11), 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.
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