TSLY vs USOY: Performance, Holdings, Fees & Risk
TSLY and USOY are ETFs, but they can differ materially in exposure, yield, fees and risk. TSLY is YieldMax TSLA Option Income Strategy ETF, while USOY is Oil Enhanced Options Income ETF. TSLY has the lower expense ratio. Current AlgovestIQ evidence has USOY ahead on AIQ Score, 56 versus 42.
| Metric | TSLY | USOY |
|---|---|---|
| Fund | ||
| Expense ratio | 1.07% | 1.12% |
| Holdings | 15 | 15 |
| Distribution yieldTrailing 12 months | 78.89% | 47.12% |
| Average volume | 477,327 | 415,666 |
| Performance | ||
| 1Y return | -48.9% | +9.9% |
| YTD return | -42.5% | +21.5% |
| Risk | ||
| Annualized volatility | 38.6% | 37.3% |
| Max drawdown (1Y) | -52.7% | -31.6% |
| Beta | 1.88 | -1.00 |
| Sharpe ratio | -1.63 | 0.33 |
| Sortino ratio | -2.20 | 0.44 |
| AlgovestIQ | ||
| AIQ Score | 42/100 | 56/100 |
| AIQ Edge Score | 2/10 | 6/10 |
| Momentum | 33/100 | 78/100 |
| Risk Resilience | 45/100 | 34/100 |
AlgovestIQ AIQ Comparison
YieldMax TSLA Option Income Strategy ETF vs Oil Enhanced Options Income ETF
USOY leads
USOY leads by 14 AIQ points, primarily on Momentum, having only recently taken the lead back from TSLY.
Fragile: 2 of 3 evidence groups support USOY, the lead recently changed hands, and its current signal state is conflicted.
YieldMax TSLA Option Income Strategy ETF
Oil Enhanced Options Income ETF
The Algovestiq AIQ Score currently favors USOY over TSLY, 56 versus 42 as of Oct 24, 2026. USOY's advantage is driven primarily by stronger momentum, while TSLY holds the stronger risk resilience profile. USOY also shows the stronger technical structure relative to its 50-day moving average. 2 of 3 covered evidence groups favor USOY today, and the comparison is rated Fragile on stability: the lead has already changed hands inside the comparison window. USOY lead: Reversed — TSLY led by 8 AIQ points 30 sessions ago; USOY now leads by 14.
Compare YieldMax TSLA Option Income Strategy ETF and Oil Enhanced Options Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
TSLY vs USOY: 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 | USOY | Fits |
|---|---|---|---|
| Lower costExpense ratio | 1.07% | 1.12% | TSLY |
| Broader diversificationNumber of holdings | 15 | 15 | Similar |
| Higher incomeTrailing 12-month distribution yield | 78.89% | 47.12% | TSLY |
| Smaller drawdownsMax drawdown, 1 year | -52.7% | -31.6% | USOY |
| Lower volatilityAnnualized volatility, 1 year | 38.6% | 37.3% | USOY |
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 USOY 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.
- Momentum33 vs 78USOY +45
- Risk Resilience45 vs 34TSLY +11
- Quality47 vs 49Even
2 of 3 evidence groups favor USOY. USOY’s edge is concentrated in momentum; TSLY keeps a meaningful risk resilience edge.
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 +1, not enough on its own to move the overall score.
New signals
- BB Upper Band Breach — bearish, volatility, short horizon
- Keltner Channel Breakout — bullish, volatility, short horizon
- RSI Overbought — bearish, momentum, short horizon
USOY's lead widened by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — TSLY and USOY both carry a full feed there.
The central trade-off
USOY (Oil Enhanced Options Income ETF): the stronger current systematic profile, led by momentum.
TSLY (YieldMax TSLA Option Income Strategy ETF): the counter-case, on risk resilience — but at materially higher volatility, 33.1% against 24.1%.
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 | USOY | Why it matters |
|---|---|---|---|
| Expense ratio | 1.07% | 1.12% | Lower is better — it compounds against you every year you hold. |
| Holdings | 15 | 15 | More holdings means broader diversification, not better returns. |
| Average volume | 477,327 | 415,666 | Liquidity — matters most if you trade size. |
| Annualized volatility | 38.6% | 37.3% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -52.7% | -31.6% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -1.63 | 0.33 | Return per unit of risk. Higher is better. |
| Beta | 1.88 | -1.00 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
TSLY and USOY share 56.71% of their weighted exposure across 6 common holdings.
Every holding is in both funds. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
Largest shared positions
| Holding | TSLY | USOY | Shared |
|---|---|---|---|
| United States Treasury Note/Bond 2.375% 05/15/2027 | 20.24% | 15.42% | 15.42% |
| United States Treasury Bill 02/18/2027 | 12.48% | 20.08% | 12.48% |
| United States Treasury Bill 07/08/2027 | 12.02% | 32.04% | 12.02% |
| United States Treasury Bill 12/10/2026 | 18.22% | 8.81% | 8.81% |
| United States Treasury Bill 10/15/2026 | 19.45% | 6.75% | 6.75% |
| First American Government Obligations Fund 12/01/2031 | 1.89% | 1.22% | 1.22% |
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 USOY doesn’t
| Holding | TSLY | USOY |
|---|---|---|
| United States Treasury Bill 10/15/2026 | 19.45% | 6.75% |
| United States Treasury Bill 12/10/2026 | 18.22% | 8.81% |
What USOY adds that TSLY doesn’t
| Holding | USOY | TSLY |
|---|---|---|
| United States Treasury Bill 07/08/2027 | 32.04% | 12.02% |
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.
AIQ Agreement Matrix
2 of 3 covered evidence groups favor USOY. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | USOY | 42 vs 56 |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | USOY | Price vs 50-day -2.5% vs 6.5%; vs 200-day -22.4% vs 3.8% |
| Risk Resilience | TSLY | Risk Resilience 45 vs 34 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of TSLY and USOY and are excluded from the count.
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 wide at 14 points. (supports the conclusion holding)
- The lead has already changed hands inside the comparison window. (argues the conclusion is provisional)
- The lead has swung materially session to session. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on USOY.
How the comparison changed
48 daily snapshots · Sep 6 – Oct 23USOY lead: Reversed — TSLY led by 8 AIQ points 30 sessions ago; USOY now leads by 14.
- Today
- USOY +14
- 42 vs 56
- 7 sessions ago
- USOY +7
- 42 vs 49
- 30 sessions ago
- TSLY +8
- 50 vs 42
- 90 sessions ago
- Not covered
The lead changed hands 6 times in this window, most recently on Oct 13 when USOY 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
- Downtrend Structure Active — bearish, trend, long horizon
- MACD Bearish Crossover — bearish, momentum, short horizon
2 bullish / 3 bearish, conflicted
Only USOY
- BB Upper Band Breach — bearish, volatility, short horizon
- Keltner Channel Breakout — bullish, volatility, short horizon
- RSI Overbought — bearish, momentum, short horizon
- MACD Bullish Crossover — bullish, momentum, short horizon
Both carry 1 more signal that do not separate them: Death Cross Active.
USOY leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
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).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +3.08%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1TSLY closes the Momentum gap — currently 45 points behind, the largest single contributor to USOY's edge.
- 2TSLY's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3USOY's conflicting signal state resolves bearish — it currently carries 2 bullish and 3 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
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
USOY leads 5 of 6 windows| Metric | TSLY | USOY |
|---|---|---|
| 1 week (5 sessions) | 3.9% | 2.1% |
| 1 month (20 sessions) | -3.8% | 6.3% |
| 3 months (63 sessions) | 2.3% | 10.4% |
| 6 months (126 sessions) | -25.9% | -6.8% |
| Year to date | -42.5% | 21.5% |
| 1 year (252 sessions) | -48.9% | 9.9% |
Technicals
USOY has the stronger structure| Metric | TSLY | USOY |
|---|---|---|
| RSI (14) | 39.1 | 87.8 |
| ADX (14) | 16.7 | 12.2 |
| Price vs 50-day | -2.5% | 6.5% |
| Price vs 200-day | -22.4% | 3.8% |
| Volatility (1M, annualized) | 33.1% | 24.1% |
Risk
TSLY is the more resilient| Metric | TSLY | USOY |
|---|---|---|
| Beta | 1.88 | -1 |
| Sharpe ratio | -1.63 | 0.33 |
| Sortino ratio | -2.2 | 0.44 |
| Max drawdown | -52.7% | -31.6% |
| Current drawdown | -50.2% | -15.9% |
| Annualized volatility | 38.6% | 37.3% |
| Value at risk (95%) | -3.8% | -3.9% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
How much do TSLY and USOY overlap?
TSLY and USOY share 56.71% of their weighted exposure across 6 common holdings. Every holding is in both funds. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
Which ETF is more diversified, TSLY or USOY?
They hold a similar number of positions: 15 for TSLY and 15 for USOY.
Which has the lower expense ratio?
TSLY has the lower expense ratio, 1.07% a year against 1.12% for USOY.
Which ETF has the higher distribution yield?
TSLY, with a trailing 12-month distribution yield of 78.89% against 47.12% for USOY.
Which ETF has been more volatile?
TSLY has been more volatile over the past year, at 38.6% annualized against 37.3% for USOY.
Which ETF has had the smaller drawdown?
USOY fell less from peak to trough over the past year: -31.6% against -52.7% for TSLY.
Compare TSLY and USOY 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.