CRSH vs TSYY

CRSHBYieldMax Short TSLA Option Income Strategy ETF

TSYYCGraniteShares YieldBOOST TSLA 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.

TSYY Most Tesla income funds write calls on Tesla itself. TSYY sells puts on a 2x leveraged TSLA ETF, where implied volatility runs richer, aiming for twice the income of plain TSLA option selling.

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.

TSYY The fund seeks current income by selling options on leveraged ETFs designed to deliver twice the daily performance of Tesla Inc., while also seeking capped exposure to those ETFs.

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.

• TSYY Sells puts on a 2x leveraged TSLA ETF instead of calls on Tesla stock. The leveraged wrapper's options carry fatter premiums; the fund targets 2x the income of TSLA option selling.graniteshares.comgraniteshares.com 2
• Defensive mode is written into the strategy: it can buy a lower-strike put against the one it sells, giving up premium to limit how far a sold put's loss runs.graniteshares.com
• The rules are spelled out: sold puts range from 40% out-of-the-money to 10% in-the-money, with one-week to one-month maturities. Cash goes out monthly.graniteshares.com

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.

• TSYY Costs 1.15% net of a waiver through December 31, 2026 (3.11% gross), above the category median. TSLP runs 1.00% net of a waiver through September 30, 2027; CRSH 1.05%.
• Selling puts means taking the leveraged ETF's drop below the strike while gains stop at the premium collected. Volatility on that wrapper runs multiples of Tesla's own.graniteshares.com
• Payouts can include return of capital, per the prospectus. With a 2024 launch and lower-half standing in its Tesla-income peer group, it is among the less seasoned choices here.graniteshares.com

Full CRSH profile⁠

Full TSYY profile⁠