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YieldMax specializes in options-based and income-focused ETFs, leveraging covered call and short option strategies to generate high distribution yields for investors seeking regular income. The firm operates a diverse lineup of 61 ETFs organized across nine fund families, including prominent strategies like 0DTE (zero days-to-expiration) options, covered calls, and target distribution approaches, alongside more traditional performance and portfolio-based offerings. YieldMax's holdings span major technology and financial names—including tickers like AMZY, APLY, BRKC, and FBY—and the firm targets both individual investors and those seeking enhanced yield through systematic options strategies.
See our curated list of related YouTube videos on TSLY.
Designs, develops, manufactures, and sells electric vehicles, energy generation and storage systems, and related services. Operates automotive, energy generation and storage, and services segments.
Covered Call
Asset class
Equity
Equity
Inception date
—
11/22/2022
Beta
—
1.42
Last dividend
—
$0.29
Ex-dividend date
—
05/21/2026
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
TSLA (Tesla, Inc.) and TSLY (YieldMax TSLA Option Income Strategy ETF) are both dividend ETFs, but they take different approaches.
TSLY currently shows a 55.42% distribution yield. TSLA has not yet established a full distribution history, so a comparable yield figure is not available.
TSLA is cheaper with an expense ratio of compared to 1.07%.
Deep dive
Yield & income
On a $10,000 investment, TSLA has no reported distribution yield yet, so a monthly income estimate is not available, while TSLY would produce $461.83/month, at current distribution rates.
TSLA yield—
TSLY yield55.42%
Cost & efficiency
Over 10 years on $10,000, TSLA would cost approximately $0 in fees vs $1,070 for TSLY (simplified, not compounded). The $1,070.00 difference may be offset by yield or performance.
TSLA ER—
TSLY ER1.07%
Strategy & risk
TSLA tracks — with an income approach, while TSLY tracks Tesla (TSLA) using a covered call strategy.
TSLA beta—
TSLY beta1.42
Fund details
TSLA is managed by — (launched —) with — in assets. TSLY is managed by YieldMax (launched 11/22/2022) with $837M in assets.
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Frequently asked questions
Which of TSLA or TSLY pays more dividend income?
TSLY currently reports a distribution yield, while TSLA has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.
What is the difference between TSLA and TSLY?
TSLA (Tesla, Inc.) tracks — with an income strategy, while TSLY (YieldMax TSLA Option Income Strategy ETF) tracks Tesla (TSLA) with a covered call approach. They are issued by — and YieldMax respectively.
Can I hold both TSLA and TSLY?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, TSLA or TSLY?
TSLA has an expense ratio of — while TSLY charges 1.07%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in TSLA vs TSLY generate?
At current rates, TSLA has not established a distribution history yet, so a monthly income estimate is not available. The same in TSLY would produce about $461.83 per month ($5,542.00 annually).
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