TSLY vs USEP
YieldMax TSLA Option Income Strategy ETF vs Innovator U.S. Equity Ultra Buffer ETF - September
Which is better, TSLY or USEP?
USEP has been ahead.
USEP has a lower expense ratio. USEP 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 | TSLY | USEP |
|---|---|---|
| Expense Ratio | 1.07% | 0.79%Best |
| AUM | $677M | $239M |
| Dividend Yield | 99.27% | 0.00% |
| Holdings | 34 | 23 |
| YTD Return | -12.87% | +7.42%Best |
| 1Y Return | -9.45% | +9.56%Best |
| 3Y Return (annualized) | +6.07% | +12.59%Best |
| 5Y Return (annualized) | - | +8.51% |
| Volatility (annualized) | 45.6% | 6.5%Best |
| Max Drawdown | -49.5% | -9.7%Best |
| $10,000 over 3.9 years | $13,603 | $15,770Best |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Nov 22, 2022 | Aug 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 23, 2022 to Oct 14, 2026 (3.9 years).
TSLY vs USEP 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 3.9 years both funds cover.
TSLY vs USEP Performance
YieldMax TSLA Option Income Strategy ETF (TSLY) is an ETF from YieldMax ETF and Innovator U.S. Equity Ultra Buffer ETF - September (USEP) is an ETF from Innovator ETFs Trust. Over the past year TSLY returned -9.45% while USEP returned +9.56%. Year to date, TSLY is down 12.87% versus a gain of 7.42% for USEP.
Over three years, TSLY compounded at +6.07% per year against +12.59% for USEP. Across the full 4-year window we track, USEP has the edge at +12.39% annualized vs +8.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLY has been the more volatile fund, with annualized monthly volatility of 45.6% compared with 6.5% for USEP. 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 -49.5% for TSLY and -9.7% for USEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TSLY charges 1.07% per year while USEP charges 0.79%. On a $10,000 position that is $107 vs $79 annually, a gap of $28 per year that compounds over a long holding period. On income, TSLY currently yields 99.27% against 0.00% for USEP.
Holdings Overlap
We hold position weights for 2 holdings in TSLY and 1 in USEP, totalling 26.9% and 98.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in TSLY and 1 in USEP, against full books of 34 and 23.
You are not choosing between two funds in isolation.
Whichever of TSLY and USEP 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, TSLY or USEP?
TSLY has an expense ratio of 1.07% while USEP charges 0.79%. USEP is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, TSLY or USEP?
Over the past year TSLY returned -9.45% vs +9.56% for USEP, so USEP leads on 1-year performance. Over the longest common window we track (4 years), TSLY annualized +8.21% vs +12.39% for USEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TSLY or USEP?
TSLY has been the more volatile fund at 45.6% annualized versus 6.5% for USEP. Worst drawdown: TSLY -49.5% vs USEP -9.7%.
Should I hold both TSLY and USEP?
TSLY and USEP have a monthly-return correlation of 0.41, 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, TSLY or USEP?
TSLY yields 99.27% while USEP yields 0.00%, so TSLY currently pays the higher dividend yield.
Is USEP better than TSLY?
USEP has a lower expense ratio. USEP 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.