PNOV vs TSLP
Innovator US Equity Power Buffer ETF - November vs Kurv Yield Premium Strategy Tesla ETF
Which is better, PNOV or TSLP?
PNOV has been ahead.
PNOV has a lower expense ratio. PNOV led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PNOV | TSLP |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.00% |
| AUM | $838M | $17M |
| Dividend Yield | 0.00% | 34.23% |
| Holdings | 18 | 21 |
| YTD Return | +9.87%Best | -37.14% |
| 1Y Return | +11.76%Best | -35.49% |
| 3Y Return (annualized) | +11.02%Best | -16.43% |
| 5Y Return (annualized) | +8.54% | - |
| Volatility (annualized) | 5.8%Best | 49.0% |
| Max Drawdown | -10.3%Best | -67.7% |
| $10,000 over 3 years | $14,598Best | $5,836 |
| Fund Family | Innovator ETFs Trust | Kurv |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 31, 2019 | Oct 27, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 27, 2023 to Oct 14, 2026 (3 years).
PNOV vs TSLP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
PNOV vs TSLP Performance
Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust and Kurv Yield Premium Strategy Tesla ETF (TSLP) is an ETF from Kurv. Over the past year PNOV returned +11.76% while TSLP returned -35.49%. Year to date, PNOV is up 9.87% versus a loss of 37.14% for TSLP.
Over three years, PNOV compounded at +11.02% per year against -16.43% for TSLP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLP has been the more volatile fund, with annualized monthly volatility of 49.0% compared with 5.8% for PNOV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -10.3% for PNOV and -67.7% for TSLP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.27. They move largely independently of each other.
Fees and Cost Over Time
PNOV charges 0.79% per year while TSLP charges 1.00%. On a $10,000 position that is $79 vs $100 annually, a gap of $21 per year that compounds over a long holding period. On income, PNOV currently yields 0.00% against 34.23% for TSLP.
You are not choosing between two funds in isolation.
Whichever of PNOV and TSLP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PNOV or TSLP?
PNOV has an expense ratio of 0.79% while TSLP charges 1.00%. PNOV is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, PNOV or TSLP?
Over the past year PNOV returned +11.76% vs -35.49% for TSLP, so PNOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PNOV or TSLP?
TSLP has been the more volatile fund at 49.0% annualized versus 5.8% for PNOV. Worst drawdown: PNOV -10.3% vs TSLP -67.7%.
Should I hold both PNOV and TSLP?
PNOV and TSLP have a monthly-return correlation of 0.27, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PNOV or TSLP?
PNOV yields 0.00% while TSLP yields 34.23%, so TSLP currently pays the higher dividend yield.
Is TSLP better than PNOV?
PNOV has a lower expense ratio. PNOV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.