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Dividend Vision

ETF Comparison

TSII vs TSLW vs TSLY vs TSYY: Which Fits Each Goal in 2026?

A side-by-side comparison of REX TSLA Growth & Income ETF, Roundhill TSLA WeeklyPay ETF, YieldMax TSLA Option Income Strategy ETF and GraniteShares YieldBOOST TSLA ETF covering yield, cost, risk, and income potential.

Data updated August 19, 2026

Best for

  • TSIIInvestors who are comfortable trading away most upside for a large, steady payout.
  • TSLWInvestors who want higher current income (58.59% vs 42.19% for TSII).
  • TSLYInvestors who are comfortable trading away most upside for a large, steady payout.
  • TSYYInvestors who are comfortable trading away most upside for a large, steady payout.

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

TSLY tops the group over the trailing twelve months with a 8.06% total return, against TSII at -0.93%, TSLW at -0.66% and TSYY at -14.04%. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1YSince Jun 2025Volatility Sharpe Sortino Max drawdown
TSII-23.82%-0.93%4.78%48.5%-0.11-0.15-44.1%
TSLW-26.39%-0.66%-0.79%56.2%-0.09-0.12-47.2%
TSLY-15.26%8.06%7.00%38.6%0.080.11-31.3%
TSYY-17.77%-14.04%-11.67%29.3%-0.67-0.85-33.0%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 19, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2025” measures every fund from June 4, 2025 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricTSIITSLWTSLYTSYY
Full nameREX TSLA Growth & Income ETFRoundhill TSLA WeeklyPay ETFYieldMax TSLA Option Income Strategy ETFGraniteShares YieldBOOST TSLA ETF
IssuerREX SharesRoundhill InvestmentsYieldMaxGraniteShares
Last Close$12.61 as of August 19, 2026$17.00 as of August 19, 2026$21.77 as of August 19, 2026$20.28 as of August 19, 2026
Distribution yield42.19%58.59%48.37%44.37%
Distribution Safety Score™ 48225251
Expense ratio1.52%0.99%1.07%1.15%
AUM$29.2M$970,199$678M$64.7M
Distribution frequencyWeeklyWeeklyWeeklyWeekly
Underlying indexTesla (TSLA)Tesla (TSLA)Tesla (TSLA)Tesla (TSLA)
ObjectiveDesigned to generate weekly income and retain Tesla upside by combining a stock position with a call spread and protective put overlay.TSLW targets weekly payouts and 120% of the weekly total return of Tesla before fees.YieldMax TSLA Option Income Strategy ETF seeks current income while providing indirect exposure to the share price returns of Tesla, Inc. common stock, subject to a limit on potential investment gains. The fund does not invest directly in Tesla, Inc.; it uses a synthetic covered call strategy built from standardized exchange-traded options.Seeks to provide weekly income through selling near-the-money put spreads on leveraged ETFs linked to Tesla, with built-in risk control through the put spread collar structure.
Asset classEquityEquityEquityEquity
Inception date06/04/202502/19/202511/22/202212/18/2024
Beta2.16352.47071.491.4042
Last dividend$0.1023$0.1916$0.2025$0.1730
Ex-dividend date08/18/202608/17/202608/20/202608/14/2026

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

  • Capped upside and premium dependence. TSII, TSLY, and TSYY generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
  • Daily leverage reset. TSLW and TSYY target a multiple of the index's DAILY move, resetting every session. Over weeks and months the compounding of daily resets (volatility decay) can drag returns far below the stated multiple, especially in choppy markets — and losses are magnified the same way gains are.

Learn the mechanics: Return of capital, explained · NAV erosion, explained · Why daily-reset leverage decays

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

REX Shares
ETFs68
Total AUM$15.4B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

REX Shares is known for specializing in options-based and thematic ETF strategies, offering 23 funds organized across distinct families including Covered Call, IncomeMax Option Strategy, and MicroSectors products. The fund lineup emphasizes income generation through option strategies and sector-specific exposure, with holdings spanning technology, commodities, and alternative assets. REX Shares targets investors seeking non-traditional income approaches and concentrated sector bets, positioning itself in a niche segment focused on structured strategies rather than broad market indexing.

See our curated list of related YouTube videos on TSII.

See all REX Shares ETFs
Roundhill Investments
ETFs55
Total AUM$39.3B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.

See our curated list of related YouTube videos on TSLW.

See all Roundhill Investments ETFs
YieldMax
ETFs59
Total AUM$9.29B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.

See our curated list of related YouTube videos on TSLY.

See all YieldMax ETFs
GraniteShares
ETFs92
Total AUM$11.5B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

GraniteShares is known for offering specialized ETF strategies that extend beyond traditional equity and bond investing, particularly through structured products and income-focused solutions. The firm manages 48 ETFs organized around distinct fund families including Autocallable products, Commodities, Income strategies, Leveraged exposures, and their YieldBOOST line designed to enhance distributions. GraniteShares targets investors seeking alternative income generation methods and commodity access, with popular tickers like AHD, CRY, and FBL representing their diverse approach to yield enhancement and alternative asset classes.

See our curated list of related YouTube videos on TSYY.

See all GraniteShares ETFs

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Quick verdict

TSII (REX TSLA Growth & Income ETF), TSLW (Roundhill TSLA WeeklyPay ETF), TSLY (YieldMax TSLA Option Income Strategy ETF), TSYY (GraniteShares YieldBOOST TSLA ETF) are dividend ETFs that take different approaches.

TSLW offers the highest reported yield at 58.59%, followed by TSLY at 48.37%, TSYY at 44.37%, TSII at 42.19%.

TSLW is the cheapest with an expense ratio of 0.99%, compared to 1.07% for TSLY and 1.15% for TSYY and 1.52% for TSII.

TSLY is the largest fund by assets ($678M), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment: TSII generates ~$351.58/month, TSLW generates ~$488.25/month, TSLY generates ~$403.08/month, TSYY generates ~$369.75/month at current distribution rates.

TSII yield42.19%
TSLW yield58.59%
TSLY yield48.37%
TSYY yield44.37%

Cost & efficiency

Over 10 years on $10,000: TSII costs ~$1,520, TSLW costs ~$990, TSLY costs ~$1,070, TSYY costs ~$1,150 in fees (simplified, not compounded).

TSII ER1.52%
TSLW ER0.99%
TSLY ER1.07%
TSYY ER1.15%

Strategy & risk

TSII tracks Tesla (TSLA) with an electric vehicles approach; TSLW tracks Tesla (TSLA) with a leverage approach; TSLY tracks Tesla (TSLA) with a covered call approach; TSYY tracks Tesla (TSLA).

TSII beta2.1635
TSLW beta2.4707
TSLY beta1.49
TSYY beta1.4042

Fund details

TSII is managed by REX Shares (launched 06/04/2025) with $29.2M in assets. TSLW is managed by Roundhill Investments (launched 02/19/2025) with $970,199 in assets. TSLY is managed by YieldMax (launched 11/22/2022) with $678M in assets. TSYY is managed by GraniteShares (launched 12/18/2024) with $64.7M in assets.

TSII AUM$29.2M
TSLW AUM$970,199
TSLY AUM$678M
TSYY AUM$64.7M
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Frequently asked questions

Which of TSII, TSLW, TSLY, and TSYY is best for dividend income?

It depends on your goals. TSLW currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.

What is the difference between TSII, TSLW, TSLY, and TSYY?

TSII (REX TSLA Growth & Income ETF) tracks Tesla (TSLA) with an electric vehicles approach, issued by REX Shares. TSLW (Roundhill TSLA WeeklyPay ETF) tracks Tesla (TSLA) with a leverage approach, issued by Roundhill Investments. TSLY (YieldMax TSLA Option Income Strategy ETF) tracks Tesla (TSLA) with a covered call approach, issued by YieldMax. TSYY (GraniteShares YieldBOOST TSLA ETF) tracks Tesla (TSLA), issued by GraniteShares.

Can I hold TSII, TSLW, TSLY, and TSYY together?

Yes — nothing prevents holding them together. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which of TSII, TSLW, TSLY and TSYY is safest?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — they are effectively tied: TSLY scores 52, TSYY scores 51, TSII scores 48, TSLW scores 22. Neither has a clear safety edge on that measure. TSYY has also shown lower price volatility (beta 1.40 vs 2.47 for TSLW). No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.

Which has the lowest fees among TSII, TSLW, TSLY, and TSYY?

TSII has an expense ratio of 1.52%, TSLW has an expense ratio of 0.99%, TSLY has an expense ratio of 1.07%, TSYY has an expense ratio of 1.15%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 generate in each?

$10,000 in TSII yields ~$351.58/month ($4,219.00/year). $10,000 in TSLW yields ~$488.25/month ($5,859.00/year). $10,000 in TSLY yields ~$403.08/month ($4,837.00/year). $10,000 in TSYY yields ~$369.75/month ($4,437.00/year).

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TSII vs TSLW vs TSLY vs TSYY — at a glance

Generated August 15, 2026.

Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.

Overview

These four securities all generate weekly income from Tesla exposure, but deploy sharply different mechanical strategies. TSII and TSLY use synthetic covered calls (selling upside to fund income); TSLW layers 120% leverage atop Tesla stock to amplify returns before distribution; TSYY sells put spreads on leveraged Tesla ETFs and caps upside through a collar structure. All four launched between late 2022 and mid-2025, making them nascent vehicles in a crowded single-stock income space.

How they differ

The biggest difference is leverage and cap structure. TSLW explicitly targets 120% of Tesla's weekly return via leverage—the highest beta at 2.47 and the highest distribution rate at 56.92%. TSII, TSLY, and TSYY all cap upside via options overlays (covered calls or collars) and deliver yields between 42–46%, but sacrifice capital appreciation for income stability.

Second, expense ratios and AUM tell a tale of market acceptance. TSLY dominates in scale at $662M AUM and charges 1.01%; TSLW is tiny at $970K AUM despite a 0.99% expense ratio. TSII ($28.6M) and TSYY ($60.6M) sit in between. TSII's 1.52% expense ratio is the highest, reflecting its retail-focused overlay complexity.

Third, the underlying mechanics differ meaningfully. TSII holds Tesla stock plus a call spread and protective put (a collar). TSLW buys leveraged Tesla exposure outright. TSLY never owns Tesla—it's a pure synthetic play via options that caps gains and sells short calls. TSYY sells put spreads on leveraged Tesla ETFs (not Tesla directly), adding a layer of indirection and structural complexity. Beta ranges from 1.40 (TSYY, TSLY) to 2.47 (TSLW), reflecting these structural choices.

Who each is best for

TSII: Fits investors who want weekly income from Tesla with modest leverage (beta 2.16) and a price of entry below $13, willing to pay higher fees for a traditional collar structure.

TSLW: Designed for income seekers comfortable with explicit 120% leverage who prioritize the highest distribution rate and accept beta of 2.47 and micro-cap liquidity risk.

TSLY: Matches longer-tenure income investors with $662M in AUM seeking a synthetic covered-call approach that caps upside but avoids direct Tesla ownership, with lower fees and moderate beta of 1.49.

TSYY: Fits investors interested in put-spread mechanics on leveraged Tesla ETFs who want weekly income with a collar cap and lower beta (1.40) than direct leveraged structures.

Key risks to know

  • NAV erosion at 40–57% annualized yields. All four funds distribute 40%+ annually. At such rates, NAV tends to erode unless Tesla returns exceed the payout—a high bar for sustained holding. TSLW's 56.92% yield is the most exposed to this risk.
  • Call caps limit upside in strong Tesla rallies. TSII, TSLY, and TSYY all cap gains via short calls or collar structures. If Tesla surges >20% in a year, these funds trail a buy-and-hold investor; synthetic structures like TSLY face counterparty and exercise settlement risk.
  • Leverage risk in TSLW and TSYY's underlying. TSLW uses 120% leverage directly; TSYY's put spreads reference leveraged Tesla ETFs. Both amplify losses in sharp downturns and reset daily (in TSLW) or weekly (TSYY), raising path-dependent losses.
  • Extreme beta dispersion and time-to-stability. TSII (beta 2.16) and TSLW (beta 2.47) are highly volatile relative to Tesla stock. TSYY and TSLY (both ~1.4) dampen volatility through options structures, but inception dates range from November 2022 (TSLY, the only multi-year track record) to mid-2025 (TSII). Newer funds lack tested behavior in tail events.
  • Single-stock and micro-cap liquidity. All four concentrate entirely on Tesla. TSLW's $970K AUM raises spreads and slippage risk; even TSII at $28.6M is illiquid relative to its peers. Synthetic structures (TSLY, TSYY) add counterparty or ETF creep risk.

Bottom line

If you want established synthetic covered-call mechanics and $662M in AUM, TSLY stands out; if you're willing to accept direct leverage and the highest yield, TSLW fits, but with micro-cap liquidity. If you prefer a traditional collar with direct Tesla ownership, TSII delivers that at the cost of a higher expense ratio. If you're drawn to put spreads on leveraged products, TSYY offers lower beta—but all four carry meaningful NAV erosion risk at their stated yields and depend entirely on Tesla's ability to outpace 40–57% annual payouts. Past performance, especially over these brief inception windows, doesn't predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

How covered-call funds work How to read a fund's stats The covered-call opportunity cost

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