CRSH vs TSLP

CRSHBYieldMax Short TSLA Option Income Strategy ETF

TSLPBKurv Yield Premium Strategy Tesla ETF

In short

CRSH Every other Tesla income fund in the aisle is rooting for the stock. CRSH takes the other side: it sells option spreads on Tesla while holding inverse exposure to the shares, turning a bearish stance into premium collection.

TSLP Tesla income with a longer fuse. TSLP builds its TSLA exposure with options dated roughly one month to a year out instead of resetting weekly, pays monthly, and charges 1.00% net of a waiver through September 30, 2027.

Stated mandate

CRSH CRSH is actively managed to generate weekly income by writing put spreads on Tesla Inc. The strategy seeks option premiums from TSLA volatility while maintaining inverse exposure to TSLA share-price movements.

TSLP The fund seeks current income while retaining exposure to Tesla's share price, with potential investment gains limited.

Why people hold it

• CRSH The contrarian seat in a crowded aisle. TSLY, TSII and TSLP all ride Tesla upward; CRSH is built the other way, on inverse exposure to the stock.yieldmaxetfs.com
• Fee of 1.05% lands just under the median for its Tesla option-income cohort, and roughly a third of TSYY's 3.11%.
• Actively managed inside a standard 1940 Act fund wrapper, and it sits in the upper half of its Tesla option-income peer group.

• TSLP Sells calls against TSLA exposure using contracts dated about one month to a year out rather than weekly resets, a slower roll cycle than most of the single-stock premium crowd.sec.govsec.gov 2
• Cheapest fee in the TSLA income crowd: 1.00% net of a waiver through September 30, 2027 (1.16% gross), against 1.05% for CRSH and 1.07% for TSLY and TLA, and below the category median.
• The manager isn't stuck with plain covered calls: call spreads and risk reversals are in the documented toolkit to seek more participation in TSLA's rise while still taking in net premium.sec.gov
• Income lands monthly, and the portfolio reads like the strategy on the tin: TSLA options backed by short-term fixed income collateral. One of the stronger builds among Tesla option-income funds.sec.gov

Worth knowing

• CRSH Income here is option premium, not stock appreciation. The fund discloses that distributions can include return of capital, meaning part of a payout can be your own money back.
• One company, synthetic exposure. Because the position is inverse, a Tesla rally pushes against the fund's share price and premium may not offset it.
• Small and lightly traded next to the larger Tesla income funds, so bid-ask spreads can widen, particularly around Tesla headlines.

• TSLP Upside is limited by design: the calls written against the position cap how much of a TSLA rally the fund keeps, while the downside ride stays.sec.gov
• Exposure is often synthetic (bought calls plus sold puts) rather than owned shares, and the fund may write uncovered calls when the adviser sees volatility mispriced.sec.govsec.gov 2
• One of the smaller, thinner-traded names in its group, so limit orders matter. Single-stock concentration means TSLA's swings drive everything.

Full CRSH profile⁠

Full TSLP profile⁠