TSLY vs ZSEP
YieldMax TSLA Option Income Strategy ETF vs Innovator Equity Defined Protection ETF - 1 Yr September
Which is better, TSLY or ZSEP?
Each has led over a different period.
ZSEP has a lower expense ratio. TSLY led over the full window, ZSEP over 1Y.
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 | ZSEP |
|---|---|---|
| Expense Ratio | 1.07% | 0.79%Best |
| AUM | $677M | $238M |
| Dividend Yield | 99.27% | 0.00% |
| Holdings | 34 | 20 |
| YTD Return | -13.06% | +4.46%Best |
| 1Y Return | -10.82% | +5.70%Best |
| 3Y Return (annualized) | +5.99% | - |
| Volatility (annualized) | 43.9% | 2.6%Best |
| Max Drawdown | -49.5% | -4.0%Best |
| $10,000 over 2.1 years | $14,328Best | $11,396 |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Nov 22, 2022 | Aug 31, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 3, 2024 to Oct 15, 2026 (2.1 years).
TSLY vs ZSEP 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 2.1 years both funds cover.
TSLY vs ZSEP Performance
YieldMax TSLA Option Income Strategy ETF (TSLY) is an ETF from YieldMax ETF and Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP) is an ETF from Innovator ETFs Trust. Over the past year TSLY returned -10.82% while ZSEP returned +5.70%. Year to date, TSLY is down 13.06% versus a gain of 4.46% for ZSEP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLY has been the more volatile fund, with annualized monthly volatility of 43.9% compared with 2.6% for ZSEP. 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 -4.0% for ZSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TSLY charges 1.07% per year while ZSEP 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 ZSEP.
Holdings Overlap
We hold position weights for 2 holdings in TSLY and 1 in ZSEP, totalling 26.9% and 98.7% 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 ZSEP, against full books of 34 and 20.
You are not choosing between two funds in isolation.
Whichever of TSLY and ZSEP 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 ZSEP?
TSLY has an expense ratio of 1.07% while ZSEP charges 0.79%. ZSEP is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, TSLY or ZSEP?
Over the past year TSLY returned -10.82% vs +5.70% for ZSEP, so ZSEP leads on 1-year performance. Over the longest common window we track (2 years), TSLY annualized +18.68% vs +6.42% for ZSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TSLY or ZSEP?
TSLY has been the more volatile fund at 43.9% annualized versus 2.6% for ZSEP. Worst drawdown: TSLY -49.5% vs ZSEP -4.0%.
Should I hold both TSLY and ZSEP?
TSLY and ZSEP have a monthly-return correlation of 0.43, 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 ZSEP?
TSLY yields 99.27% while ZSEP yields 0.00%, so TSLY currently pays the higher dividend yield.
Is ZSEP better than TSLY?
ZSEP has a lower expense ratio. TSLY led over the full window, ZSEP over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.