TLA vs TSII

TLABGraniteShares Autocallable TSLA ETF

TSIIDREX TSLA Growth & Income ETF

In short

TLA Most Tesla income ETFs run the same covered-call playbook. TLA runs autocallables instead: structured-payoff options on Tesla, aiming for monthly income inside a plain 1940 Act fund. A 2026 launch, and the only autocall build in its peer group.

TSII Most Tesla income funds sell away the upside to harvest premium. TSII goes the other way: it targets 105% to 150% of Tesla's daily move, writes covered calls on top of it, and pays weekly. The 1.52% fee is the price of admission.

Stated mandate

TLA The Fund seeks potential monthly income through a portfolio of single-stock autocallable options linked to Tesla's performance.

TSII The Fund seeks weekly shareholder distributions while targeting daily results between 105% and 150% of Tesla, Inc.’s daily stock-price change. It uses leveraged exposure and covered calls, with the exact exposure determined by the adviser.

Why people hold it

• TLA Different engine from the crowd: single-stock autocallable options on Tesla, not the covered-call formula every other TSLA income fund in its group runs.
• Structured-note style payoffs in an ordinary registered ETF wrapper, so no bank note, no minimums, just a ticker in a brokerage account.graniteshares.com
• At a 1.07% expense ratio it sits mid-pack among TSLA income funds, and roughly a third the cost of the group's priciest, TSYY at 3.11%.
• The stated goal is monthly income from those option positions, not price appreciation from holding Tesla shares.

• TSII The TSLA income fund that keeps a leveraged tilt. The mandate targets daily results between 105% and 150% of Tesla's move, with calls written against that position rather than against a plain 1x stake.rexshares.com
• Option premiums are the declared source of income, and the prospectus sets the payout cadence at weekly, one of the shortest schedules in option-income land.rexshares.com
• No fixed multiple to defend. The adviser sets exposure inside the documented 105% to 150% band and rebalances daily, so leverage can be dialed down without breaking the mandate.rexshares.com

Worth knowing

• TLA One name carries the whole fund. Tesla's moves drive both the income and the losses, with no diversification to cushion them.
• Income is potential, not promised: autocallable payoffs depend on where Tesla trades against contract terms, so distributions can vary or stop.
• A 2026 launch that is still small and lightly traded. Limit orders are worth using here, and there is little live track record to judge.

• TSII At 1.52% it is the priciest TSLA income name we track and sits above the category median: TSLP 1.00% (net of a waiver through September 30, 2027), CRSH 1.05%, TLA and TSLY 1.07%, TSYY 1.15% (net of a waiver through December 31, 2026).
• Leverage resets daily, so results over weeks and months can drift well away from 105% to 150% of Tesla. The prospectus also discloses that distributions may include return of capital, which comes out of NAV.
• One stock, synthetic exposure, and a track record that only starts in June 2025. On cost and risk it currently lands in the lower tier of a crowded TSLA income group, and trading is moderate rather than heavy.

Full TLA profile⁠

Full TSII profile⁠