Skip to Content

YieldMax TSLA Option Income Strategy ETF

TSLY
$
Today’s Change
()

Snapshot
*

Inception Date
Nov 22, 2022
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$40,204,492
AUM
$653,891,600
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

UNITED STATES TREAS NTS 0.75% 12/31/2023
51.49%
UNITED STATES TREAS NTS 0.75% 11/15/2024
51.38%
Cash & Other
6.94%
TSLA US 11/17/23 C270
4.53%
TSLA US 09/29/23 C277.5
-0.06%
TSLA US 09/29/23 C257.5
-0.45%
TSLA 11/17/2023 270.01 P
-13.81%

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.

1M
3M
6M
YTD
1Y
3Y
Max

TSLY
Performance Measures**

for the time period Nov 23, 2022 to Dec 5, 2025

Returns

1M Trailing Return: -1.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 26.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -49.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 47.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.57

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.34

The annualized return divided by the max drawdown for the selected time period.

ETFs related toTSLY

ETFs correlated to TSLY include TSLL, TSL, TSLR

TSLY
Tidal Trust II - YieldMax TSLA Option Income Strategy ETF
TSLL
Direxion Shares ETF Trust - Direxion Daily TSLA Bull 1.5X Shares
TSL
GraniteShares ETF Trust - GraniteShares 1.25x Long Tesla Daily ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
FNGS
Bank of Montreal - MicroSectors FANG ETNs

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.

Trading Strategies
Related toTSLY

V1b Simple Sort w/ Dividends

Category

Tactical allocation, Leveraged ETFs, Momentum/RSI, Mean reversion, Trend following, Defensive hedging, Options income

OOS Cumulative Return

174.75%

Yieldmax Monthly MAR SS

Category

Monthly rotation, short-term momentum, YieldMax option-income ETFs, single-stock covered-call, tech mega-caps, concentrated risk

OOS Cumulative Return

151.2%

Create your own algorithmic trading strategy with TSLY using Composer

FAQ

TSLY is a US Equities 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 -0.0094%. This is the percent change in the value of TSLY over the most recent 1-month period. The 3-month return on TSLY is -0.0085%. This is the percent change in the value of TSLY over the most recent 3-month period.

ETFs similar to TSLY include XLI, XLV, and XLE.

ETFs correlated to TSLY include TSLL, TSL, and TSLR.

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

Disclaimers

*

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.