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ETFs

YieldMax TSLA Option Income Strategy ETF

TSLY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 22 2022
Expense Ratio
0.99%
Type
US Diversified
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$4,133,792
AUM
$99,196,160
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
45.07%
n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
44.98%
n/a
TESLA I CLL OPT 07/23 210
11.68%
n/a
Cash & Other
4.18%
n/a
TSLA US 06/09/23 C230
-0.05%
n/a
TESLA I CLL OPT 06/23 225
-1.48%
n/a
TSLA 07/21/2023 210.01 P
-4.38%
Invest with TSLY

What is TSLY?

The Fund primary investment objective is to seek current income. The Fund secondary investment objective is to seek exposure to the share price of the common stock of Tesla, Inc. (TSLA), subject to a limit on potential investment gains. The Fund seeks to deliver participation in the price returns of the common stock of Tesla, Inc. while providing current monthly income through a portfolio substantially composed of short-term U.S. Treasury securities, cash and cash equivalents, and in option contracts that reference the price performance of TSLA.

ETFs related toTSLY

ETFs correlated to TSLY include TSLL, ARKQ, QCLN

TSLY
Tidal Trust II - YieldMax TSLA Option Income Strategy ETF
TSLL
Direxion Shares ETF Trust - Direxion Daily TSLA Bull 1.5X Shares
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
WANT
Direxion Shares ETF Trust - Direxion Daily Consumer Discretionary Bull 3X Shares
EVAV
Direxion Shares ETF Trust - Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTSLY

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with TSLY using Composer

FAQ

TSLY is a US Diversified ETF. The Fund primary investment objective is to seek current income. The Fund secondary investment objective is to seek exposure to the share price of the common stock of Tesla, Inc. (TSLA), subject to a limit on potential investment gains. The Fund seeks to deliver participation in the price returns of the common stock of Tesla, Inc. while providing current monthly income through a portfolio substantially composed of short-term U.S. Treasury securities, cash and cash equivalents, and in option contracts that reference the price performance of TSLA.

Yes, TSLY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TSLY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TSLY is 0.2445%. This is the percent change in the value of TSLY over the most recent 1-month period. The 3-month return on TSLY is 0.2386%. This is the percent change in the value of TSLY over the most recent 3-month period.

ETFs similar to TSLY include AOA, AOM, and AOK.

ETFs correlated to TSLY include TSLL, ARKQ, and QCLN.

ETFs that are inversely correlated to TSLY include TSLS, TSLQ, and SARK.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.