TEST vs TSLP

TESTCYieldMax TSLA Performance & Distribution Target 25 ETF

TSLPBKurv Yield Premium Strategy Tesla ETF

In short

TEST —No data

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

TEST —No data

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

Why people hold it

TEST —No data

• 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

TEST —No data

• 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 TEST profile⁠

Full TSLP profile⁠