YTSL.NEO vs. TSLY

Last updated Apr 2, 2026

Compare and contrast key facts about Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) and YieldMax TSLA Option Income Strategy ETF (TSLY).

YTSL.NEO and TSLY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YTSL.NEO is an actively managed fund by Purpose Investments. It was launched on Dec 19, 2022. TSLY is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.

Performance

YTSL.NEO vs. TSLY - Performance Comparison

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

YTSL.NEO vs. TSLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF	-15.65%	27.43%	46.11%	106.56%	-20.20%
TSLY YieldMax TSLA Option Income Strategy ETF	-7.88%	8.41%	38.81%	47.37%	-16.96%

Different Trading Currencies

YTSL.NEO is traded in CAD, while TSLY is traded in USD. To make them comparable, the TSLY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, YTSL.NEO achieves a -15.65% return, which is significantly lower than TSLY's -7.88% return.

YTSL.NEO

• 1D: 7.76%
• 1M: -6.01%
• YTD: -15.65%
• 6M: -4.28%
• 1Y: 71.44%
• 3Y*: 26.06%
• 5Y*: —
• 10Y*: —

TSLY

• 1D: 1.59%
• 1M: -1.77%
• YTD: -7.88%
• 6M: -8.72%
• 1Y: 44.03%
• 3Y*: 13.14%
• 5Y*: —
• 10Y*: —

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

YTSL.NEO vs. TSLY - Expense Ratio Comparison

YTSL.NEO has a 1.65% expense ratio, which is higher than TSLY's 0.99% expense ratio.

YTSL.NEO

Tesla (TSLA) Yield Shares Purpose ETF

TSLY

YieldMax TSLA Option Income Strategy ETF

Return for Risk

YTSL.NEO vs. TSLY — Risk / Return Rank

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

YTSL.NEO

YTSL.NEO Risk / Return Rank: 76
YTSL.NEO Sharpe Ratio Rank: 72
YTSL.NEO Sortino Ratio Rank: 72
YTSL.NEO Omega Ratio Rank: 66
YTSL.NEO Calmar Ratio Rank: 91
YTSL.NEO Martin Ratio Rank: 77

TSLY

TSLY Risk / Return Rank: 65
TSLY Sharpe Ratio Rank: 60
TSLY Sortino Ratio Rank: 62
TSLY Omega Ratio Rank: 55
TSLY Calmar Ratio Rank: 86
TSLY Martin Ratio Rank: 62

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.

YTSL.NEO vs. TSLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) 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.

	YTSL.NEO	TSLY	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.01	+0.32
Sortino ratio Return per unit of downside risk	1.88	1.55	+0.33
Omega ratio Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio Return relative to maximum drawdown	3.25	2.36	+0.89
Martin ratio Return relative to average drawdown	8.75	5.50	+3.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YTSL.NEO vs. TSLY - Sharpe Ratio Comparison

The current YTSL.NEO Sharpe Ratio is 1.33, which is higher than the TSLY Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of YTSL.NEO and TSLY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YTSL.NEO	TSLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.01	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.29	+0.25

Correlation

The correlation between YTSL.NEO and TSLY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

YTSL.NEO vs. TSLY - Dividend Comparison

YTSL.NEO's dividend yield for the trailing twelve months is around 47.25%, less than TSLY's 95.99% yield.

	TTM	2025	2024	2023	2022
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF	47.25%	36.11%	12.80%	24.07%	1.96%
TSLY YieldMax TSLA Option Income Strategy ETF	95.99%	91.19%	82.30%	76.47%	0.00%

Drawdowns

YTSL.NEO vs. TSLY - Drawdown Comparison

The maximum YTSL.NEO drawdown since its inception was -58.40%, which is greater than TSLY's maximum drawdown of -49.07%. Use the drawdown chart below to compare losses from any high point for YTSL.NEO and TSLY.

Drawdown Indicators

	YTSL.NEO	TSLY	Difference
Max Drawdown Largest peak-to-trough decline	-58.40%	-49.52%	-8.88%
Max Drawdown (1Y) Largest decline over 1 year	-23.95%	-19.82%	-4.13%
Current Drawdown Current decline from peak	-16.60%	-14.94%	-1.66%
Average Drawdown Average peak-to-trough decline	-20.85%	-20.39%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.89%	8.29%	+0.60%

Volatility

YTSL.NEO vs. TSLY - Volatility Comparison

Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) has a higher volatility of 14.81% compared to YieldMax TSLA Option Income Strategy ETF (TSLY) at 9.67%. This indicates that YTSL.NEO's price experiences larger fluctuations and is considered to be riskier than TSLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YTSL.NEO	TSLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	9.67%	+5.14%
Volatility (6M) Calculated over the trailing 6-month period	32.59%	24.60%	+7.99%
Volatility (1Y) Calculated over the trailing 1-year period	53.99%	43.66%	+10.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.89%	45.38%	+17.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.89%	45.38%	+17.51%