TSLY vs TSPY: Performance, Holdings, Fees & Risk
TSLY and TSPY are ETFs, but they can differ materially in exposure, yield, fees and risk. TSLY is YieldMax TSLA Option Income Strategy ETF, while TSPY is TappAlpha SPY Growth & Daily Income ETF. TSLY is broader by holdings count, with 15 positions versus 4 for TSPY. TSPY has the lower expense ratio.
What is the main difference between TSLY and TSPY?
TSLY holds 15 positions to TSPY's 4, and 0% of their weight is in the same securities.
| Metric | TSLY | TSPY |
|---|---|---|
| Fund | ||
| Expense ratio | 1.07% | 0.71% |
| Holdings | 15 | 4 |
| Distribution yieldTrailing 12 months | 78.89% | 14.23% |
| Average volume | 477,327 | 250,840 |
| Performance | ||
| 1Y return | -48.9% | -1.4% |
| YTD return | -42.5% | -1.7% |
| Risk | ||
| Annualized volatility | 38.6% | 12.9% |
| Max drawdown (1Y) | -52.7% | -12.9% |
| Beta | 1.88 | 0.93 |
| Sharpe ratio | -1.63 | -0.32 |
| Sortino ratio | -2.20 | -0.45 |
| AlgovestIQ | ||
| AIQ Score | 42/100 | 42/100 |
| AIQ Edge Score | 2/10 | 2/10 |
| Momentum | 33/100 | 25/100 |
| Risk Resilience | 45/100 | 85/100 |
AlgovestIQ AIQ Comparison
YieldMax TSLA Option Income Strategy ETF vs TappAlpha SPY Growth & Daily Income ETF
TSLY and TSPY are effectively level
TSLY and TSPY are effectively level on the AIQ Score; the factor table below shows where each one holds its advantage.
YieldMax TSLA Option Income Strategy ETF
TappAlpha SPY Growth & Daily Income ETF
The Algovestiq AIQ Score does not currently separate TSLY and TSPY as of Oct 24, 2026. Both names are scored on the same 0–100 scale across Quality, Value, Momentum and Risk Resilience, and the factor table below shows where each one holds its advantage.
Compare YieldMax TSLA Option Income Strategy ETF and TappAlpha SPY Growth & Daily Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
TSLY vs TSPY: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | TSLY | TSPY | Fits |
|---|---|---|---|
| Lower costExpense ratio | 1.07% | 0.71% | TSPY |
| Broader diversificationNumber of holdings | 15 | 4 | TSLY |
| Higher incomeTrailing 12-month distribution yield | 78.89% | 14.23% | TSLY |
| Smaller drawdownsMax drawdown, 1 year | -52.7% | -12.9% | TSPY |
| Lower volatilityAnnualized volatility, 1 year | 38.6% | 12.9% | TSPY |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare TSLY and TSPY against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Risk Resilience45 vs 85TSPY +40
- Momentum33 vs 25TSLY +8
- Quality47 vs 40TSLY +7
Neither name separates cleanly on the covered dimensions.
What changed since the last close
Latest scored session 2026-10-23, compared against the prior scored session 2026-10-22.
Largest factor move: Momentum -4
No signal started or stopped since the prior session; its 4 active signals are unchanged.
Largest factor move: Momentum -9
No signal started or stopped since the prior session; its 3 active signals are unchanged.
TSPY's lead narrowed by 2 AIQ points in the latest session.
Deeper signal detail for each name lives on its own signals page — TSLY and TSPY both carry a full feed there.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | TSLY | TSPY | Why it matters |
|---|---|---|---|
| Expense ratio | 1.07% | 0.71% | Lower is better — it compounds against you every year you hold. |
| Holdings | 15 | 4 | More holdings means broader diversification, not better returns. |
| Average volume | 477,327 | 250,840 | Liquidity — matters most if you trade size. |
| Annualized volatility | 38.6% | 12.9% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -52.7% | -12.9% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -1.63 | -0.32 | Return per unit of risk. Higher is better. |
| Beta | 1.88 | 0.93 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
How much of the same holdings they own
TSLY and TSPY share 0% of their weighted exposure across 1 common holdings.
5 holdings are unique to TSLY, and 1 holding is unique to TSPY. Owning both is genuinely additive — most of the capital sits in different securities.
Largest shared positions
| Holding | TSLY | TSPY | Shared |
|---|---|---|---|
| First American Government Obligations Fund 12/01/2031 | 1.89% | 0% | 0% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What TSLY adds that TSPY doesn’t
| Holding | TSLY | TSPY |
|---|---|---|
| United States Treasury Note/Bond 2.375% 05/15/2027 | 20.24% | Not held |
| United States Treasury Bill 10/15/2026 | 19.45% | Not held |
| United States Treasury Bill 12/10/2026 | 18.22% | Not held |
| United States Treasury Bill 02/18/2027 | 12.48% | Not held |
| United States Treasury Bill 07/08/2027 | 12.02% | Not held |
| First American Government Obligations Fund 12/01/2031 | 1.89% | Not held |
What TSPY adds that TSLY doesn’t
| Holding | TSPY | TSLY |
|---|---|---|
| VOOVanguard S&P 500 ETF | 99.88% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
TSLY vs TSPY: five-year payout growth
TSLY began paying distributions in 2023, so it has no 2020-2025 growth rate to compare. TSPY began paying distributions in 2024, so it has no 2020-2025 growth rate to compare.
| Dividend metric | TSLY | TSPY |
|---|---|---|
| 2025 annual payout | $34.231 | $3.492 |
| Peer rank | not ranked | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
How each independent group of evidence reads the pair.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 42 vs 42 |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | TSPY | Price vs 50-day -2.5% vs -1.5%; vs 200-day -22.4% vs -0.4% |
| Risk Resilience | TSPY | Risk Resilience 45 vs 85 |
| Analyst expectations | Not covered | Not covered |
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 0 points. (argues the conclusion is provisional)
- Only 0 of 3 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
How the comparison changed
48 daily snapshots · Sep 6 – Oct 23TSPY lead: Weakening — the AIQ differential moved from 4 to 0 points over 30 sessions.
- Today
- Level
- 42 vs 42
- 7 sessions ago
- TSPY +5
- 42 vs 47
- 30 sessions ago
- TSPY +4
- 50 vs 54
- 90 sessions ago
- Not covered
The lead changed hands 9 times in this window, most recently on Oct 22 when TSPY moved ahead of TSLY.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
0 bullish / 3 bearish / 1 neutral
Only TSLY
- Bollinger Band Squeeze — neutral, volatility, short horizon
- Death Cross Active — bearish, trend, long horizon (25.63%)
- Downtrend Structure Active — bearish, trend, long horizon
1 bullish / 1 bearish / 1 neutral, conflicted
Only TSPY
- Golden Cross Active — bullish, trend, long horizon (1.13%)
- ATR Contraction - Coiling — neutral, volatility, short horizon (0.95%)
Both carry 1 more signal that do not separate them: MACD Bearish Crossover.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price and the AIQ Score both moved down over the latest session (price -0.51%, AIQ -1 points).
Price and the AIQ Score both moved down over the latest session (price -0.36%, AIQ -3 points).
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
TSPY leads 4 of 6 windows| Metric | TSLY | TSPY |
|---|---|---|
| 1 week (5 sessions) | 3.9% | -0.2% |
| 1 month (20 sessions) | -3.8% | -2.2% |
| 3 months (63 sessions) | 2.3% | -0.2% |
| 6 months (126 sessions) | -25.9% | -0.4% |
| Year to date | -42.5% | -1.7% |
| 1 year (252 sessions) | -48.9% | -1.4% |
Technicals
TSPY has the stronger structure| Metric | TSLY | TSPY |
|---|---|---|
| RSI (14) | 39.1 | 30.5 |
| ADX (14) | 16.7 | 16 |
| Price vs 50-day | -2.5% | -1.5% |
| Price vs 200-day | -22.4% | -0.4% |
| Volatility (1M, annualized) | 33.1% | 10% |
Risk
TSPY is the more resilient| Metric | TSLY | TSPY |
|---|---|---|
| Beta | 1.88 | 0.93 |
| Sharpe ratio | -1.63 | -0.32 |
| Sortino ratio | -2.2 | -0.45 |
| Max drawdown | -52.7% | -12.9% |
| Current drawdown | -50.2% | -4.6% |
| Annualized volatility | 38.6% | 12.9% |
| Value at risk (95%) | -3.8% | -1.4% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between TSLY and TSPY?
TSLY holds 15 positions to TSPY's 4, and 0% of their weight is in the same securities.
How much do TSLY and TSPY overlap?
TSLY and TSPY share 0% of their weighted exposure across 1 common holdings. 5 holdings are unique to TSLY, and 1 holding is unique to TSPY. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, TSLY or TSPY?
TSLY holds more positions: 15 versus 4 for TSPY.
Which has the lower expense ratio?
TSPY has the lower expense ratio, 0.71% a year against 1.07% for TSLY.
Which ETF has the higher distribution yield?
TSLY, with a trailing 12-month distribution yield of 78.89% against 14.23% for TSPY.
Which ETF has been more volatile?
TSLY has been more volatile over the past year, at 38.6% annualized against 12.9% for TSPY.
Which ETF has had the smaller drawdown?
TSPY fell less from peak to trough over the past year: -12.9% against -52.7% for TSLY.
Compare TSLY and TSPY with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.